Sentences with phrase «to appoint a trustee»

However, you can appoint a trustee of your choice and they must act in accordance to the terms of the trust.

Your case will then be assigned to a court appointed trustee.

Once their plan is accepted, the couple will begin making payments to a court - appointed trustee who will be responsible for monitoring their progress and conveying the money to the creditors.

A court - appointed trustee reviews the paperwork submitted by individuals and their creditors.

The court will issue an automatic stay against your creditors, then appoint a trustee — an impartial person who decides how and how much debt to pay off.

A court appointed trustee will review the plan and your creditors must agree to it.

Though keeping your home can be a major relief, you're required to spend years living under the supervision of a court - appointed trustee who will collect and distribute your payments.

This can be achieved by appointing a trustee with specific, relevant skills and experience of financial matters.

After voting against it, Simmons appointed Trustee Donald Pochopien to work with a Park District representative to look into purchasing all or part of the property.

Braiman, 38, who was appointed trustee at a special Village Board board meeting this week, will take office Monday night at the regular board meeting.

With a background on the Arlington Heights plan commission, newly appointed Trustee Robin LaBedz said she has a handle on the village's overarching issues, but wants to dive more into direct services for residents.

Mr. LaValle also recounted how the original LIPA elections were postponed over and over again until the governor finally said he wanted appointed trustees.

The state superintendent would consult with the collaborative before deciding if stronger interventions, like appointing a trustee to run a district, is needed.

The governor appoints the Trustees to seven - year terms, which provides the Institute with a layer of electoral accountability, as well as some insulation from influences and agendas unrelated to the Institute's mission.

In this type of bankruptcy the court will appoint a trustee whose job it is to liquidate all property that is not exempt (or is in excess of what he or she may keep under law), and use the money raised to pay creditors.

Living trusts appoint trustees to manage property.

Among her numerous awards and honors, Hepworth was made a Dame Commander of the British Empire (1965), and became the first woman Appointed Trustee of the Tate Gallery, London (1965).

«The most recently appointed trustee said that the scheme's ongoing funding level is in the public domain, hence already available to Government, but this simply isn't correct.

Precedents for an urgent application, a discharge attorney and appoint trustee application, and a limited trustee application are included.

Legal practitioner and court - appointed trustee Nobuaki Kobayashi has already sold off around $ 400 million in bitcoin to reimburse creditors of the once - hopeful exchange.

In 2011, she was appointed trustee of Burr Oak Cemetery, a historic African - American graveyard in the Chicago suburb of Alsip that declared bankruptcy after a scandal involving a grave desecration and reselling scheme.

That means Cuomo could have found a replacement for former LIPA chief executive Kevin Law, who retired in 2010, much as he established his ownership of other state authorites, like the M.T.A. and the Thruway Authority, by appointing the trustees.

Chapter 7 bankruptcy is when the court appoints a Trustee who may liquidate or sell some things that you own to pay your creditors.

In appointing the trustees and the corporate - style management team that began governing the system this summer, Mayor Richard M. Daley also backed the creation of small schools.

ACCT is a non-profit educational organization of governing boards, representing more than 6,500 elected and appointed trustees who govern over 1,200 community, technical, and junior colleges in the United States and beyond.

For more than a year, a court - appointed trustee has been unraveling the case in federal bankruptcy court, working to gather assets and figure out claims that can be paid to investors.

This weeks ruling is tied to a 2014 action against Chan by the appointed Trustee of the Sino - Forest Corp..

Acting Village President Mike Neben said Charles Gries, a founder of Citizens Advocating Residential Excellence, which supports low - density housing, and John Ardente, former president and current member of the South Barrington Park District Board, will be appointed trustees.

As a volunteer, I did a lot of things with the Pataki administration,» said Republican State Committee chairman Ed Cox, who spent 14 years as a Pataki - appointed trustee of the State University of New York.

Should a slate not be approved by the members, the remaining members of the Board shall appoint Trustees to the vacant positions.

They appoint trustees, for example.

Bankruptcy is a legal process whereby individuals, businesses, and organizations can discharge or pay back debts with the help of a court appointed trustee.

The court then distributes money to your creditors at the direction of a court - appointed trustee.

A Chapter 7 bankruptcy is a liquidation; the bankruptcy court appoints a trustee to determine whether you have any assets that can be sold to pay your creditors.

Otherwise, a court will appoint a trustee or guardian to receive the money.

UGMA and UTMA accounts allow for the creation of a trust without an attorney needed to prepare trust documents, or court needed to appoint a trustee.

A person, firm, or corporation that, through a court proceeding, is relieved from the payment of all debts after the surrender of all assets to a court - appointed trustee.

Exempt property: The appointed trustee in a Chapter 7 bankruptcy will sell off nonexempt assets to pay your creditors.

A better solution may be to use the Uniform Trust for Minor's Act (UTMA) to appoint a trustee to receive the proceeds on behalf of the child.

In a chapter 7 case, the bankruptcy court appoints a trustee to examine the debtor's assets to determine if there are any assets not protected by available «exemptions».

The U.S Bankruptcy Court will appoint a trustee to oversee your Chapter 7 bankruptcy.

After the bankruptcy petition is submitted to the court, the court will appoint a trustee.

Through the trust document, you will need to appoint a trustee to manage the trust.

By going this route, you'll need to appoint a trustee.

Although the debtor in possession generally continues to operate their business, in some cases, the court will decide to appoint a trustee to oversee the case.

A Chapter 7 is a complete release of all dischargeable debt while a Chapter 13 is a repayment plan approved by a court and monitored by an appointed trustee.

In Chapter 13 a payment plan is set up by a court appointed trustee to fulfill financial obligations.