Sentences with phrase «under federal bankruptcy laws»

You will want to discuss all of your options with your attorney or tax advisor before taking action, especially if creditor protection is a concern for you, as the Supreme Court has ruled that Inherited IRAs are not protected under federal bankruptcy laws (although state law creditor protection of inherited IRAs still varies).

He urged his colleagues in Congress to pass the Puerto Rico Chapter 9 Uniformity Act (H.R. 870) which will provide the island's government with the tools needed to restructure parts of its debt under federal bankruptcy law.

then you are entitled to bring an application before a court seeking a «court - ordered discharge» pursuant to a «hardship provision» under federal bankruptcy law

If you file for personal bankruptcy more than five years after the date of the «end of your education» then you are entitled to bring an application before a court seeking a «court - ordered discharge» pursuant to a «hardship provision» under federal bankruptcy law

Up to $ 25,000 worth of real or personal property when filing under federal bankruptcy law.

However, under federal bankruptcy law, that order was technically no longer enforceable once he assigned himself into bankruptcy.

Not exact matches

Under federal law, you have the right to declare bankruptcy relief from your creditors.

Snyder's decision allowed Detroit Emergency Manager Kevyn Orr to make a filing under Chapter 9 of the federal bankruptcy law.

First, we are all bankruptcy lawyers and considered «debt relief agencies» under federal law.

Additionally, if the bankruptcy court finds that ITT violated its former students» rights under consumer protection or contract law, that could help make students eligible for federal student loan discharge through the borrower defense to repayment process.

A: Bankruptcy is a protection under federal law that allows a person to reorganize outstanding debts.

On October 17, 2005, new federal bankruptcy law in America requires anyone whose gross income is higher than the median income for their state to file bankruptcy under Chapter 13, instead of under Chapter 7.

Since new federal bankruptcy rules became law in October, 2005, anyone who has gross income higher than the median income for their state is required to file bankruptcy under Chapter 13, instead of under Chapter 7.

Unfortunately, under current federal law, it is almost impossible for student - loan borrowers to discharge their debts by filing for bankruptcy.

These courses are mandatory under the federal law that governs bankruptcy.

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.

These schedules will be used by the bankruptcy court to check against state and federal exemption laws which allows the filer to keep the unsecured assets listed under most circumstances.

Nonexempt assets are identified under state and federal bankruptcy laws.

Filing a consumer proposal or bankruptcy creates an automatic «stay of proceedings» under federal law.

Clarifies current law's «undue hardship» exception to nondischargeability in bankruptcy as it applies to federal student loans by creating a rebuttable presumption that a debtor faces an «undue hardship» if the debtor is receiving disability benefits under the Social Security Act;

The reason for raiding your IRA under these circumstances is because an IRA is not exempted in a bankruptcy from an Internal Revenue Service levy as described by federal law.

If, however, you do not satisfy certain waiting periods under federal law, then your student loan debt will survive your bankruptcy or your consumer proposal.

It's your right under the Constitution: Federal Bankruptcy Laws are designed to give debt relief to people who are overburdened by debt.

There are two main types of personal bankruptcy under federal and Wisconsin bankruptcy laws: Chapter 7 and Chapter 13.

She has been with NLRG since 1990 and specializes in Bankruptcy, Creditors» Rights, Commercial Contracts, Church Law, and other issues involving commercial litigation and consumer protection issues, including issues arising under the U.C.C., Carmack Amendment disputes, employment contract disputes, and issues arising under federal and state consumer protection statutes.

Many other substantive law issues arising under federal law are also considered in state court (e.g. the effect of a bankruptcy discharge in a state law debt collection action).

He has spent an average of 20 hours per week for the last two and a half years in the bankruptcy courtrooms and the rest of his time has been spent assisting clients throughout California to obtain all the relief available to them under federal and state law, and attending substantial amounts of seminars on cutting edge topics affecting Bankruptcy Law, Foreclosure, and Debankruptcy courtrooms and the rest of his time has been spent assisting clients throughout California to obtain all the relief available to them under federal and state law, and attending substantial amounts of seminars on cutting edge topics affecting Bankruptcy Law, Foreclosure, and Debt Relilaw, and attending substantial amounts of seminars on cutting edge topics affecting Bankruptcy Law, Foreclosure, and DeBankruptcy Law, Foreclosure, and Debt ReliLaw, Foreclosure, and Debt Relief.

When you're approved for bankruptcy status by a federal bankruptcy court, some or all of your debts will be forgiven, and creditors and collections agencies are no longer permitted to pursue you for those debts under law.

While Saad may have violated his fiduciary and contractual obligations under Michigan law, said the court, Abdel - Hak's arguments did not support the nondischargeability requirement for the federal bankruptcy code.