Sentences with phrase «types of bankruptcy as»

We will discuss the different types of bankruptcy as well as the various opportunities and pitfalls.

Not exact matches

As an entrepreneur, you have amazing amount of transparency and clarity into cash flow, and that's what you're talking about in terms of sweating it or making payroll, or signing a personal guarantee that could potentially put you into bankruptcy if things aren't successful, that type of pressure.

After all, most of the public intellectuals among movement conservatives are focused more on the expansive role of the federal government in civil society and the marketplace, while more populist conservative types are concerned about preserving what they consider to be traditional values such as the idea that the government that is best is the one at the local level that is, in theory, closes to the people (even if the virtual and real bankruptcies of cities such as Detroit and Vallejo, Calif., call that thinking into question).

Both types of bankruptcy may get rid of unsecured debts and stop foreclosures, repossessions, garnishments and utility shut - offs, as well as debt collection activities.

Discharge types of debts singled out by the bankruptcy law for special treatment, such as child support and alimony (known as Domestic Support Obligations), student loans (but tuition is dischargable), court restitution orders, criminal fines, and some taxes.

Business owners can get approved for a business loan after bankruptcy but it depends heavily on several factors such as the level of risk, the type of business and the current lending conditions.

If you have debt, are facing any type of debt recovery, foreclosure, or bankruptcy, then you need to pay attention, as you may be facing unnecessary dings on your credit report.

H.R. 2527 — Private Student Loan Bankruptcy Fairness Act [Rep. Steve Cohen (D - TN)-RSB- would treat private student loans the same as other types of private debt in bankruptcy, making them easier to Bankruptcy Fairness Act [Rep. Steve Cohen (D - TN)-RSB- would treat private student loans the same as other types of private debt in bankruptcy, making them easier to bankruptcy, making them easier to discharge.

Chapter 7 can eliminate many kinds of debts, such as credit card debt, medical bills, and unsecured loans, however; there are many types of debts, including child support and spousal support obligations and most tax debts, that can not be wiped out in bankruptcy.

Just remember to take into consideration, the consequences of bankruptcy such as, the inability to apply for a credit card or any type of loan.

There are different types of bankruptcy, such as Chapter 13 vs. Chapter 7.

Discharge types of debts singled out by the federal bankruptcy statutes for special treatment, such as child support, alimony, student loans, certain court ordered payments, criminal fines, and some taxes.

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.

This discussion is intended only as a brief overview of the types of bankruptcy filings and of what a bankruptcy filing can and can not do.

So filing bankruptcy (depending on the debts owed) may not prevent certain actions by the IRS, lawsuits to collect support payments, certain types of criminal restitution actions, and loans from a pension account such as an IRA.

Any individual person (not a corporation or partnership) is eligible for Chapter 13 relief as long as the amount of their debts does not go above $ 307, 675 for unsecured debts (those with no collateral) and $ 922, 975 for secured debt and they are earning wages that cover more than their reasonable living expenses.The person must also have received credit counselling from an approved agency within the 180 days prior to filing and had not been dismissed from another type of bankruptcy filing in this time period.

In a Chapter 7 case, the most common type of personal bankruptcy, the court doesn't allow an individual to keep their assets, but most exemptions allowed under state and federal law are large enough to cover a secured debt such as a house mortgage a car loan.

But loans which were used for training or some types of education at organizations that were not eligible financial institutions may not be classified as student loans in a bankruptcy filing.

As to how the court handles a claim in bankruptcy, there are three different types of claims that can be paid during the process.

Not everyone will qualify to file Chapter 7 under the Bankruptcy Code's «means test» and certain types of debt can not be discharged or wiped out (such as most federally guaranteed student loans, many taxes and any outstanding family support obligations).

As an individual, you have the choice to file any one of five different types of bankruptcy, depending on who you are and your circumstances, but the most common types are a Chapter 7, a Chapter 13, and a Chapter 11.

Chapter 7 and Chapter 13 The two most common types of consumer bankruptcy are referred to as Chapter 7 and Chapter 13 bankruptcies.

If you are filing for bankruptcy but want to keep property used as collateral in a secured loan, consult with a professional bankruptcy expert on what type of bankruptcy to file and what the terms should be.

Chapter 13 bankruptcy, also known as debt reorganization, is the second most common type of bankruptcy for consumers.

Although there are six types of bankruptcy, most people file Chapter 7 (also known as straight bankruptcy) in which the person surrenders non-exempt property to a bankruptcy trustee who then sells it and distributes the funds to creditors.

As to the bankruptcy - it won't help for student loans, student loans is one of the very few types of debts you can't really run away from.

As part of this, you will know upfront the types of debt that can be included in the bankruptcy.

Chapter 13 bankruptcy: This type of bankruptcy is often referred to as «reorganization», and it involves a repayment plan that sets forth with specificity the manner in which debtors will settle their debts over three to five years.

Experian's spokeswoman said a consumer's credit report contains four types of data on the borrower: identifying information (including name, address, phone number, Social Security number, date of birth and spouse's name), account history (individual credit account information such as the date opened, credit limit or loan amount, balance, monthly payment, payment status and payment history), data from public records (such as federal bankruptcy records, tax liens, monetary judgments and overdue child support payments) and a record of inquiries into your credit history.

While good money and credit management can not offset the impact of external events such as losing a job or a costly health problem, it can enable consumers to prepare for the unexpected and avoid the types of mistakes that lead to mortgage defaults, bankruptcy, and general problems with credit.

This is possible across almost every type of law practice, from family law to wrongful dismissal to bankruptcy to trademark litigation to M&A: get the client to tell his or her story as part of a practical guide to navigating similar matters in future.

Fixed Price Services and Fees may be available depending on type of case, such as Traffic, Criminal, Bankruptcy, Wills and Real Estate Matters.

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.

In Chapter 7 bankruptcy, the most common type of personal bankruptcy, creditors sometimes have the right to take certain property in exchange for debt forgiveness, a process known as liquidation.

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.»

As consumers get more and more fed up with Google's «Zombie Traffic» and new algorithms that «improve» search, and place the businesses the consumers were searching for into bankruptcy court, in favor of directories like Yelp and Findlaw, attorneys are scrambling to find a legal type of search engine based upon the original link / vote based system that made Google great.

The other type of personal bankruptcy, Chapter 13 bankruptcy, is often referred to as «reorganization» bankruptcy because it gives filers time to catch up on their debts.

This type of debt is classified as «unsecured» and may be entirely discharged during Chapter 7 bankruptcy.

Throughout our site, you can learn more about your debt relief options, including types of bankruptcy such as Chapter 7 and Chapter 13.

Wyoming bankruptcy exemptions outline the types and amounts of your property that can not be repossessed as debt payment during your filing.

We represent clients in all types of civil litigation as well as bankruptcy, estate planning, and family law matters.

Consulting with a bankruptcy attorney is an important factor in the decision to file bankruptcy, as an attorney will help you determine which type of bankruptcy is best suited to your case.

Keep in mind that how your credit will be affected will depend on a number of factors, such as where your credit level is at today and which type of bankruptcy you file.

As discussed below, the new numbers show a continuing trend towards fewer bankruptcy and insolvency type cases, with an increasing number of motor vehicle claims.

The type of regime will be determinative of how property is divided upon divorce, as well as impacting upon issues of bankruptcy and inheritance.

With chapters written by local experts from major jurisdictions worldwide, Equity Derivatives covers topics such as: regulatory authorities; market structure; categories and types of over-the-counter and exchange - traded equity derivatives; borrowing, selling, and repurchasing shares; risks facing dealers and counterparties; bankruptcy and insolvency rules; reporting obligations; insider trading regulations; taxation issues; and the design and issuance of structured products.

Insurance scores include factors such as the number and type of credit accounts you have; your history of bankruptcies, judgments and collections; your payment history and account balances.

Additional types of checks include civil record and bankruptcy searches, as well as motor vehicle reports.

This broadens the types of financial situations that must be disclosed, as the previous disclosure requirements were in relation to bankruptcy «proceedings», and did not include these two additional situations.