Sentences with phrase «when bankruptcy»

Much will depend on when the bankruptcy was discharged and what kind of credit a borrower has re-established since then.

Legally, must I return any garnishment checks I might receive... and how in the world would I know when her bankruptcy case would be complete, in order to wait to garnish her wages, later, as he suggested?

When bankruptcy and divorce become joined, most people can not handle the questions they must answer without good legal advice.

This means the traveler must have purchased their travel insurance well in advance of the announcement that an airline is in financial default and when the bankruptcy was not expected.

It held the collective agreement with the newsroom employees and when bankruptcy occurs it triggers termination of contracts and the trustee takes over.

When the bankruptcy court rejected the plan, the dental practice owner ended up paying more than he thought he would.

The automatic stay begins when bankruptcy filing and often lasts throughout the duration of a bankruptcy case, which can be several years in Chapter 13.

However, when bankruptcy is inevitable, we have the experience and knowledge to help you leverage the bankruptcy laws to your benefit.

When the bankruptcy rules change, the software changes.

Relevant to this question is the bankruptcy (automatic stay) tolling of time when a bankruptcy is active and whether that does or does not apply to the facts of this particular situation as to does the automatic stay of bankruptcy stop the statue of limitation clock (6 year clock in Washington State) in tolling the time to seek a claim against another party.

Card options expand when bankruptcy falls off credit report — At last, 10 years have passed since bankruptcy.

Q&A: When bankruptcy doesn't make sense — The desire to walk away from debt can be strong, but bankruptcy isn't always the cure... (See Bankruptcy)

Sally Herigstad: When bankruptcy makes sense — With a sick spouse, $ 20,000 in credit card debt and a small salary, a woman wonders just how she is going to make ends meet.You probably can't, says Sally... (See When bankruptcy makes sense)

Another issue is when your bankruptcy case is filed.

In the event of financial troubles, federal law strictly limits when a bankruptcy court may discharge student loan debt.

They did this before in 2005, when bankruptcy law was changed not just for future loans, but for all loans.

It depends on the type of tax obligation (income, sales, use), when the taxes were filed and / or assessed, when the bankruptcy is filed, and whether there is a statutory lien.

In addition, when the bankruptcy case is completed, you are able to begin rebuilding your financial affairs.

For instance, when a bankruptcy comes off of your credit report, that is a good thing that could lead to an increase in your score.

Specialized debt lawyers can help with more dire situations when bankruptcy or foreclosure seems inevitable.

When your bankruptcy period ends you will no longer be liable for the debts that have been included.

It's important to note that in the case of FHA loans the waiting period begins when the bankruptcy is discharged, not when it was initially filed.

When the bankruptcy is filed, a lawsuit is filed against the mortgage company to remove the secured lien and make it an unsecured debt like a credit card.

This rule was created in 2005 when bankruptcy laws were overhauled and prevents claimants from states with less favorable bankruptcy exemptions from moving to a state with more favorable exemptions just to file bankruptcy.

When the Bankruptcy Code was amended in 2005, a couple of provisions were added that -LSB-...]

In other words, your financial life starts over right away, not when your bankruptcy is removed from your credit report.

When a bankruptcy takes places or a business closes down, immediately the valuation method will...

Only when the bankruptcy settlement payment is made in cash or new securities, would the value change on the balance sheet.

I will claim this loss when the bankruptcy is settled.

Eventually when the bankruptcy settles, the clients will get back some fraction of their assets.

My understanding is that these efforts began in earnest in the year following 1976, when bankruptcy laws were changed and no longer allowed the discharge of student loans without exceptions.

This requirement was only enacted in 2005 when bankruptcy laws were revamped.

When your bankruptcy is discharged depends on the type of filing you make.

When your bankruptcy is filed in court, your creditors must stop debt collection efforts.

When the Bankruptcy Code was amended in 2005 Congress took away the last option.

That's because, when your bankruptcy case is filed all property leaves your ownership and is owned by an estate.

Unfortunately, you may have fewer options now than you did when starting with credit simply because some lenders and credit issuers may deny an application when a bankruptcy is listed on your credit report.

When bankruptcy and default are being discussed, investors are usually the last to get paid.

Ian Martin: So, in that scenario if you proceeded to file bankruptcy in January 2015, without having done your 2014 taxes, you would lose those two years of refunds because it's the 15 is the year of bankruptcy and then there is a prior year outstanding when the bankruptcy is filed.

Personally, I never recommend clients to use debt consolidation services when a bankruptcy, if eligible, can get them to the same place within 90 days with nothing paid to unsecured creditors.

Judge Pappas noted that Brunner was decided in 1987, at a time when the bankruptcy code allowed discharge of student loan debts on either of two grounds: first, if the student loans had been in repayment status for five years or more on the date the bankruptcy was filed, or second, if repayment of the student loans would constitute an undue hardship on the debtor.

A crazy example would be a football player making $ 100,000 per month, or $ 600,000 in the 6 months prior to filing his case, but who then ends his contract in the 7th month and is unemployed with no income when his bankruptcy case is filed.

When a bankruptcy has a pending status, it is being proceeded by the court.

While that choice may be fruitful (though still not advised) in other industries when bankruptcy or settlement becomes...

When bankruptcy is filed, creditors often receive none of the money owed to them.

You should open up a secured credit card account as soon as possible when your bankruptcy has cleared the courts.

We'll explain to you when bankruptcy makes sense so you can figure out if it's the right... [Read more...] about Should I File Bankruptcy?

However, when bankruptcy includes your foreclosure, you may qualify for a shorter waiting period.

When both a bankruptcy and foreclosure are disclosed on the loan application, the lender may apply the bankruptcy waiting period if the lender obtains the appropriate documentation to verify that the mortgage loan in question was discharged in the bankruptcy.

«And when the dust clears — when bankruptcy hits or a family member bails us out of our stupidity — there's nothing left over.