Sentences with phrase «types of bankruptcy because»

We have many different types of bankruptcy because the law recognizes that there are many different types of debt problems.

Not exact matches

Baupost has analysts focused around the type of opportunity; Baupost has a spinoff analyst, index fund deletion analyst, post bankruptcy analyst, distressed debt analyst and an analyst looking at companies that are depressed because of a bad earnings announcement).

That's because there are rules restricting when you can file for a second bankruptcy, which differ depending on the type of filing.

In addition, because this type of investment tends to have priority over equity (stock) investors in a bankruptcy, if a deal falls apart, there is less risk for investors.

Filing a Chapter 7 is the type of bankruptcy most affected by assets you list because all non-exempt assets YOU OWN will be liquidated to pay off unsecured debts.

Furthermore, because any debts associated with this type of bankruptcy are discharged within just a few months of filing, they should fall off the report a couple of years before the bankruptcy itself.

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.

Student loan debt held by older Americans can be especially daunting because unlike other types of debt, it generally can not be discharged in bankruptcy.

Not only is there differences in the bankruptcy process because of state and territorial laws and rules and procedures of the district courts, but where you live can influence what type of bankruptcy you file.

A Chapter 13 plan is one of the harder types of bankruptcies to file because the bankruptcy laws governing it are complicated, and it requires an ongoing disciplined maintenance of the plan once filed.

These are the types of debts you should stop making payments toward if you plan to file in a short period of time, because they will likely be discharged in your Chapter 7 bankruptcy or rolled into your repayment plan in a Chapter 13.

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.

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