Sentences with phrase «through debt reorganization»
They do this through debt reorganization.
http://www.debtfirms.com/ Not exact matches
The debtor obtains debt relief through judicially supervised reorganizations or liquidation of his or her assets for the benefit of creditors.
Businesses offering debt counseling or reorganization may charge substantial fees or a percentage of your debts, but fail to follow through on the services they sell.
Bankruptcy allows debt to be repaid through asset liquidation, a reorganization plan, and discharge.
Whether it is through straight bankruptcy (Chapter 7 Bankruptcy) or through reorganization (Chapter 13 Bankruptcy), most or all of your debts can be cleared.
Businesses advertising voluntary debt reorganization plans may not explain that the plan is a bankruptcy filing, tell you everything that's involved, or help you through what can be a long and complex process.
If reorganization of debt is the answer to your financial problems, the attorneys at Susan M. Williams LLC can help you file for chapter 13 bankruptcy and guide you step by step through the process.
«in addition to the clawback issue, there are other important one - time but substantial hits: (1) a partner would lose any capital account, (2) a partner may have to pay income taxes on any partnership debt that is forgiven as part of the reorganization (the cancellation of indebtedness income flow through the partnership to the individual partners) and (3) the partner may lose entirely benefits under certain types of retirement plans.