Sentences with phrase «specific type of bankruptcy»
Chapter 13 is a specific type of bankruptcy filing and it could be just the solution that you need.
http://paradiselawoffice.com/ Not exact matches
The specific types of debt and timing of such debt that is dischargeable in a Chapter 7 or Chapter 13 bankruptcy varies from state to state, so you should seek professional help in determined if your debt can be discharged as a part of a bankruptcy.
Although Chapter 7 bankruptcy discharges most types of unsecured debts, there are specific debts which can not be discharged with Chapter 7 bankruptcy.
Section 281 (5) provides as follows: «Discharge does not, except to such extent and on such conditions as the court may direct, release the bankrupt from any bankruptcy debt which --(a) consists in a liability to pay damages [of specific types]... in respect of personal injuries to any person; or (b) arises under any order made in family proceedings or under a maintenance calculation made under the Child Support Act 1991.»
Chapter 7 bankruptcy is typically best suited for individuals with excess credit card debt, medical debt, or other types of «unsecured» debt that are not tied to a specific piece of property.
And while you're free to explore other medical bill assistance options, we want to provide some specific details about how filing bankruptcy may get rid of your medical bills and eliminate other types of debt you may have.
The different types of bankruptcy are all tailored to specific situations.