Sentences with phrase «under bankruptcy»

So many people sought protection under bankruptcy laws in the past two years because of the recent financial crisis, that there is no reason you should feel like a reject from the society.

Your home is not protected, as it would be under bankruptcy protection, so your mortgage may go into foreclosure and you are more likely to lose your house.

Under most circumstances, divorce obligations will not be discharged under bankruptcy laws.

Any attorney practicing bankruptcy is now required to state: We are a debt relief agency and help people file bankruptcy under the bankruptcy code.

Property is typically protected under the bankruptcy laws with the appropriate bankruptcy plan.

What follows is a look at the 47 percent of cases where the federal student loans were completely discharged with no tax liability to the consumer under bankruptcy.

You can connect with an attorney today and learn about your rights under bankruptcy laws.

The term used to describe the assets administered under bankruptcy.

The flexibility the proposal offers you allows you to deal with house equity and other assets that you may wish to keep that would be possible but perhaps more challenging under a bankruptcy scenario.

Everyone refers to it as a lien strip, or stripping a mortgage, but it is really called lien avoidance under the bankruptcy code.

However, the company went bankrupt and was finally buried under bankruptcy in 2013.

If you are in doubt whether a particular item (debt) is to be considered under bankruptcy or not, you can consult a professional credit repair services company for more clarity.

Your primary vehicle may be protected from seizure if it meets certain criteria under the bankruptcy laws in your state.

So the same notices that we send under the bankruptcy, we're going to send to your employer as part of the consumer proposal.

At the heart of the issue are private student loans that were extended to students of schools not accredited by to comply with the definitions of recognized student loans protected under the bankruptcy code.

But it does appear that loans used other than for education are not protected under bankruptcy.

This office is a debt relief agency helping people to file bankruptcy under the bankruptcy code.

Finally, some loans that look like student loans may not be considered educational debts under the bankruptcy laws at all.

If you can not access the options under the Bankruptcy Act, then you have a few choices.

As a legal option under the Bankruptcy & Insolvency Act you get protection from creditor actions during the proposal process.

to notify a court exercising jurisdiction under this Act of the institution of the proceeding under the Bankruptcy Act 1966.

Alpha voluntarily sought the extraordinary relief and protection available under the Bankruptcy Code.

Inherited IRAs are not protected from creditors under the bankruptcy code.

A lot of major banks are not willing to take only 10 percent, not without some type of a formal arrangement and, you know, formal arrangement being a proposal under the bankruptcy act or bankruptcy where they're getting a lesser payment.

Bankruptcy is a legal process under the Bankruptcy and Insolvency Act to eliminate overwhelming debt.

An excerpt taken from sub-section (b) of the code states this in relation to private employment: «No private employer may terminate the employment of, or discriminate with respect to employment against, an individual who is or has been a debtor under this title, a debtor or bankrupt under the Bankruptcy Act...»

Sometimes, this can be referred to as a «mini Chapter 11 ″ because you typically repay something to your creditors and retain your property and make payments under a bankruptcy plan.

In March it initiated a going - out - of - business sale at its stores after operating under bankruptcy protection for months.

Both are legal proceedings under the Bankruptcy and Insolvency Act of Canada that give you legal protection from the people you owe money to.

A consumer proposal is another debt relief procedure under the Bankruptcy and Insolvency Act.

To illustrate the principle, the Court cited (at para 42) the Saskatchewan Court of Appeal decision in R v Staranchuk, 3 DLR (4th) 574, 1983 CanLII 2402 (SK CA), where the Court permitted the use of prior false, sworn statements to incriminate the accused pursuant to an offence under the Bankruptcy Act.

For Chapter 13 Bankruptcy, vehicles may be kept as long as the debtor makes the necessary payments under their bankruptcy payment plan.

debtor obtains financial relief and undergoes a judicially supervised reorganization or liquidation of the debtor's assets for the benefit of creditors; a case under the Bankruptcy Code.»

A bankruptcy is a legal proceeding filed under the Bankruptcy & Insolvency Act to surrender your assets in exchange for which you will receive a discharge from your unsecured debts.

Since student debt is not typically included under bankruptcy filing, you may need to enlist a student loan lawyer.

We help people find relief by filing bankruptcy in California under the Bankruptcy Code.

A Chapter 13 bankruptcy does not disqualify a borrower from obtaining an FHA mortgage provided the lender documents that one year of the payout period under the bankruptcy has elapsed and the borrower's payment performance has been satisfactory (i.e., all required payments made on time).

First, paying off some creditors (but not others) is not allowed under the bankruptcy code because you are favoring one creditor over another.

Section 158 of the Bankruptcy Act outlines all of your required duties under bankruptcy law, the most important of which are:

Simply put, can a commercial fishing license be defined as property under the Bankruptcy and Insolvency Act?

Chapter 11 is a chapter of the United States Bankruptcy Code that protects any form of business that is unable to service its debt or pay its creditors through a process of reorganization under the bankruptcy laws.

A brief description of the various Chapters under the Bankruptcy Code and the general purposes, benefits and costs of proceeding under each of the chapters;