Sentences with phrase «type of bankruptcy protection»

In excess of 100,000 Canadians each year have to file some type of bankruptcy protection — either a consumer proposal or personal bankruptcy.

Not exact matches

There are two major types of personal bankruptcy protection — Chapter 7 and Chapter 13 — and both can crush your credit.

He or she will be able to assess your financial situation, guide you through the bankruptcy exemptions applicable to where you live and what types of debt you have, and advise you on whether to choose to file for Chapter 7 or Chapter 13 bankruptcy protection.

The automatic stay, applicable to all types of bankruptcy filings, means that the mere request for bankruptcy protection automatically stops and brings to a cessation certain lawsuits, foreclosures, utility shut - offs, evictions, repossessions, garnishments, attachments, and debt collection harassment.

Why should a small business debtor file for bankruptcy protection under a chapter 11 instead of some other type of bankruptcy?

If a bill collector threatens a wage garnishment or if a wage garnishment actually starts, many people decide they have no choice but to seek the protection of a consumer proposal or a bankruptcy because a bankruptcy or consumer proposal filing immediately stops most types of wage garnishment.

The clinic supports people seeking advice on issues such as landlord / tenant & eviction issues, wills, divorce & legal protection in fleeing abusive relationships, and bankruptcy among many different types of legal matters that are brought in for advice.

Both types of bankruptcies offer the protection of the automatic stay.

The U.S. Bankruptcy Code offers two types of protection for those in financial distress: Chapter 7 bankruptcy and CBankruptcy Code offers two types of protection for those in financial distress: Chapter 7 bankruptcy and Cbankruptcy and Chapter 13.

Each type of bankruptcy works differently to offer protection and debt relief.

A similar type of protection was considered for pensioners but was rejected in the report of the Standing Senate Committee on Banking, Trade and Commerce, Debtors and Creditors Sharing the Burden: A Review of the Bankruptcy and Insolvency Act and the Companies» Creditors Arrangement Act (November 2003, here)(«Report»).

No matter which type of bankruptcy you choose, you'll likely receive the protection of the bankruptcy automatic stay during your Vermont bankruptcy process, which is designed to stop:

Chapter 7 and Chapter 13 bankruptcy are very similar in that both may provide relief for multiple types of debt and both may provide broad protections against lawsuits, foreclosure and repossession.

These two popular types of personal bankruptcy provide unique protections for different situations.

Ideally, once you emerge from bankruptcy, you won't need this type of protection because all of your debts will be have been closed.