Sentences with phrase «through federal bankruptcy»

Not exact matches

In fact, the only way to discharge federal student loans through bankruptcy is to prove «undue hardship.»

And beyond that, even if the group is able to negotiate deals with a majority of the creditors, it is expected that Puerto Rico will still need to seek federal support to give the island a way to restructure the bonds through Chapter 9 bankruptcy laws.

Under the federal bankruptcy agreement, Suffolk is guaranteed $ 5 million over the first two years and then $ 1 million from the third through 10th year, until creditors are paid off.

Additionally, if the bankruptcy court finds that ITT violated its former students» rights under consumer protection or contract law, that could help make students eligible for federal student loan discharge through the borrower defense to repayment process.

As a result, it can be difficult to discharge Federal student loans through bankruptcy — but not impossible.

In addition to the automatic stay, Chapter 7 bankruptcy can protect your property through state or federal exemptions.

Federal and privat e loans for college will also stay with you long after you graduate, since they are nearly impossible to discharge through bankruptcy, unlike credit cards and most other loans.

Federal student loans can not be discharged through bankruptcy unless the borrower can prove extreme hardship.

I've been going on - and - on about a July 7th, 2015 statement put out by the U.S. Department of Education that talked about how the government has made allowances to approve the discharge of federal student loan debt through bankruptcy, in some situations; namely, under the «Undue Hardship» clause of the Federal Bankruptcy Code, under the exception rule commonly known as 11 U.S.C. § 523 federal student loan debt through bankruptcy, in some situations; namely, under the «Undue Hardship» clause of the Federal Bankruptcy Code, under the exception rule commonly known as 11 U.S.C. § 5bankruptcy, in some situations; namely, under the «Undue Hardship» clause of the Federal Bankruptcy Code, under the exception rule commonly known as 11 U.S.C. § 523 Federal Bankruptcy Code, under the exception rule commonly known as 11 U.S.C. § 5Bankruptcy Code, under the exception rule commonly known as 11 U.S.C. § 523 (a)(8).

Richard emailed me and provided me with this timeline of his efforts to eliminate his federal student loans through bankruptcy.

Individuals who face an overwhelming amount of consumer debt may have some recourse through bankruptcy protections made available through federal law.

The general rule in bankruptcy is that unemployment compensation received through state or federal UI programs is included in a debtor's income calculations.

But Powell's remarks last month is the first time a senior federal official has candidly admitted that he can not explain why the Federal Bankruptcy Code makes it very difficult for overburdened college debtors to discharge their student loans through bankfederal official has candidly admitted that he can not explain why the Federal Bankruptcy Code makes it very difficult for overburdened college debtors to discharge their student loans through bankFederal Bankruptcy Code makes it very difficult for overburdened college debtors to discharge their student loans through bBankruptcy Code makes it very difficult for overburdened college debtors to discharge their student loans through bankruptcybankruptcy.

Student loan debt is particularly dangerous, because it usually can not be removed through bankruptcy, and defaulting on federal student loans can result in garnishments of federal benefits, including Social Security.

However, private student loans may be discharged more easily through bankruptcy than federal student loans.

Tax debt at the federal, state, and municipal levels, due within the last three years, can't be discharged through bankruptcy.

Bankruptcy is a federal court process where you get the chance to eliminate or reorganize your debts through discharge (which can mean the sale of assets), or by following a repayment plan that will often last 5 years.

A parent who has been through bankruptcy within the past five years isn't eligible to take out a Federal PLUS loan.

A bankruptcy is done through the courts, and must be supervised by a professional who is licensed by the federal government to assist in any insolvency situation (Trustee).

Besides the bankruptcy route or forgiveness through completing an income driven repayment plan, there is no standard process for eliminating interest in federal loans.

The federal bankruptcy reform of 2005 created the Means test, to prevent use of Chapter 7 by individuals who were considered capable of repaying at least a portion of their debts through a Chapter 13 plan.

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 created federal protection for IRA accounts that had previously been protected through many state laws.

Another advantage for the lender: No matter how tough things get for troubled borrowers, federal law prevents them from escaping their bills through bankruptcy for at least another seven years.

A Canada consumer proposal is a formal debt settlement option available through the Bankruptcy & Insolvency Act and as a result is administered by the federal government.

An energy company that received a $ 43 million loan guarantee through the same federal program that backed Solyndra has followed the path of the failed solar firm and filed for bankruptcy.

All transcripts of federal district and bankruptcy court proceedings will be available online through the federal judiciary's PACER system, the Judicial Conference announced today.

Our lawyers can help you through the complex federal bankruptcy court process.

The New York - based 2nd U.S. Circuit Court of Appeals will remain closed through Friday, along with federal trial and bankruptcy courts in Manhattan; Newark, N.J.; and Trenton, N.J., according to court websites and a summary by the Administrative Office of the U.S. Courts.

Emilia is in charge of the electronic filing of Chapter 7 bankruptcy petitions through the federal PACER system.

With more than 20 years of experience in federal, state and bankruptcy courts as a commercial litigator and bankruptcy lawyer, I have been through the wringer more than once.

Federal bankruptcy law exempts a debt from discharge if the creditor can show that the debtor obtained money through known misrepresentation that was relied on by the creditor and created a loss to that creditor.