Sentences with phrase «types of consumer bankruptcy»

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

Not exact matches

There are a few types of credit cards that are available to consumers shortly after a bankruptcy.

This type of bankruptcy is designed for lower - income consumers with little to no assets and who want a fresh start.

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

Chapter 7 and Chapter 13 are the two most common types of bankruptcy filing among consumers.

For Chapter 7 bankruptcy (the most common type of bankruptcy among average consumers), the minimum amount of time that must elapse before someone can apply for an FHA home loan is two years from the time of the bankruptcy discharge.

There are two different types of bankruptcy for consumers: Chapter 7 and Chapter 13.

There are two main types of bankruptcy for individual consumers.

The Bankruptcy and Insolvency Act (BIA) specifically describes which types of debts can not be included in a bankruptcy or consumerBankruptcy and Insolvency Act (BIA) specifically describes which types of debts can not be included in a bankruptcy or consumerbankruptcy or consumer proposal.

If it is an unsecured loan (in other words the bank gave you a line of credit and did not ask for any type of collateral), then these loans would be eliminated by bankruptcy or a consumer proposal with no waiting period.

Due to the fact that the account is «secured» with the consumer's own funds these types of credit cards can often be qualified for easily in spite of low credit scores and credit blemishes like discharged bankruptcies.

If Navient loses this case they could be on the hook for discharging a lot of private student loans and damages for pursuing consumers who filed bankruptcy and had these types of loans.

Doug Hoyes: So, the message here is for those types of debts that you just talked about, a bankruptcy or a consumer proposal, very quickly stops wage garnishments, and that for a lot of people is the whole reason that they do them.

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.

Consumer bankruptcy is a government - backed way for individuals to eliminate some types of debt.

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

Borrowers overwhelmed by private student loan debt often discover an ugly truth too late — these loans can't be discharged in bankruptcy like other types of consumer loans.

A Licensed Insolvency Trustee can offer two types of debt solutions that can stop a garnishment, consumer proposals and bankruptcy.

Filing bankruptcy or a consumer proposal will not stop a wage garnishee for child or spousal support, but it should stop just about every other type of wage garnishment.

Factors utilized to calculate a consumer's credit score include credit history, amount and type of credit used, amount of unpaid balance (s), judgments, and bankruptcy.

However, to do so, a creditor must bring a motion before the court and argue that the action needs to proceed to determine how much the creditor is actually owed or that the type of debt is not covered by a consumer proposal or a bankruptcy.

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.

Unlike other types of consumer debt, privately - issued financing can not typically be discharged during bankruptcy, which means it's nearly impossible to escape privately - issued debt.

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.

In the US today, there are 6 types of bankruptcies consumers and businesses can qualify for, however, the two most commonly used chapters for consumer are Chapter 7 and Chapter 13.

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.

Chapter 13 is a type of bankruptcy that allows consumers who are struggling with debt to seek relief through the court.