Sentences with phrase «types of bankruptcy proceedings»
The term «bankruptcy» in the popular vernacular is used broadly, but in fact there are many types of bankruptcy proceedings.
https://www.secureloanconsolidation.com/
There are a few types of bankruptcy proceedings, but the most common ones for individuals are Chapter 7 and Chapter 13 bankruptcies.
Not exact matches
If foreclosure is looming, they may choose to file Chapter 13 bankruptcy to halt the proceedings, which can be stopped in this type of court action regardless of how far the foreclosure has progressed.
The legal definition of a student loan is essentially a loan used for «educational purchases,» and that wording has been just vague enough for several types of students loans to push through into bankruptcy proceedings.
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.»
Both types of bankruptcy can stop wage garnishment, creditor harassment, and home foreclosure proceedings for a low down payment.
Child support is taken so seriously by the Florida and federal government that it is one of the few types of debts that can not be discharged in bankruptcy proceedings, and it can be enforced against you no matter which state in this country you live in or move to.
Representing creditors and debtors in all types of bankruptcy and insolvency litigation including CCAA proceedings, receiverships and workouts
We represent our clients in all types of regional, national and cross-border insolvency matters, ranging in size and complexity from out of court loan workouts and financial restructurings to bankruptcy proceedings in multiple jurisdictions, creditors» rights litigation and distressed acquisitions.
This type of financial product is exempt from assets during bankruptcy proceedings.
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.