Sentences with phrase «years of bankruptcy court»

Riley had fully reclaimed Hotel Syracuse, renovating an iconic city landmark left vacant after years of bankruptcy court proceedings and sales.

Not exact matches

The Sbarro pizza chain, a staple of mall and rest stop food courts across the U.S., has officially exited bankruptcy for the second time in three years.

Essar Steel is among a dozen https://www.reuters.com/article/india-bankruptcy/indias-bhushan-essar-steel-amon g - 1 2 - f i r m s - b e i n g - m o v e d - t o - i n s o l v e n c y - c o u r t s - s o u r c e s - i d U S L 3 N 1 J D 3 3 F of India's biggest debt defaulters that were pushed into the bankruptcy court last year after a central bank order aimed at clearing record bad loans at the country's...

According to forms filed with the U.S. Bankruptcy Court for Southern District of New York, 110,000 people have bought a product from the Columbia House DVD Club within the last year.

What's worse, investors who pulled «profits» out of their Madoff accounts within the past six years may be forced by the bankruptcy court to give it back — even though they may have used it to buy a house or pay for their kids» college tuition.

Here is a look at the 10 largest retail bankruptcies in recent years, as ranked by assets at time of the initial court filing.

«After years of fighting through bankruptcy court, the Jenkins ended up with just 30 cents on the dollar.

Further, as Griffin took control, Tribune newspapers were still licking their serial wounds from several years of Sam Zell ownership, and then five long years of bankruptcy - court limbo.

Univision Communications Inc. won a court - administered auction for Gawker Media Group, outbidding Ziff Davis for control of the 14 - year - old digital media pioneer that was forced into bankruptcy by a costly legal battle with former professional wrestler Hulk Hogan.

The alleged NYC - area bomber and his family were engaged in a 7 - year long court battle with city officials over late - night hours and accusations of ethnic prejudice at the restaurant they ran in Elizabeth N.J., and the father of the family declared bankruptcy in 2005, my review of extensive federal court records has found.

The VA usually requires a two - year waiting period following a Chapter 7 bankruptcy or foreclosure before it will insure a loan, and borrowers in Chapter 13 must have made at least 12 on - time payments and secure the approval of the bankruptcy court.

May 18 - Cambridge Analytica, the firm at the center of this year's Facebook privacy row, filed for voluntary Chapter 7 bankruptcy in a New York court late on Thursday.

Cambridge Analytica, the firm at the centre of this year's Facebook privacy row, filed for bankruptcy in a New York court late on Thursday.

The Hudson Valley Resort and Spa came out of bankruptcy proceedings late last year with court approval to reduce $ 25.9 million in debt to about $ 10 million, Spitzer has said.

Black, who is based in Montreal, reached an agreement with court - appointed bankruptcy trustee William Leberman earlier this year to buy the property after local scrap dealer Adam Weitsman pulled out of a deal to buy it.

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The American Bankruptcy Institute (ABI) did a study of PACER stats (public court records) from 2016 and found that 95.5 % of the 499,909 Chapter 7 bankruptcy cases decided that year were discharged, meaning the individual was no longer legally required to payBankruptcy Institute (ABI) did a study of PACER stats (public court records) from 2016 and found that 95.5 % of the 499,909 Chapter 7 bankruptcy cases decided that year were discharged, meaning the individual was no longer legally required to paybankruptcy cases decided that year were discharged, meaning the individual was no longer legally required to pay the debt.

For individuals that have filed bankruptcy prior to the student loans being 7 years old and 7 years now have passed, there is a provision to request the courts to discharge the loans — this falls under section 178 (1.1) of the BIA.

Shedding student loans through bankruptcy is difficult, but over the past three years or so, a number of bankruptcy courts have ruled in favor of college - loan debtors, showing both compassion and common sense.

Though bankruptcy can help you restructure or cancel most personal loans, the nonprofit organization Legal Action of Wisconsin notes that you may lose personal property, face forced repayment under court supervision, and carry a record of your bankruptcy on your credit report for seven years.

In this type of bankruptcy, generally the courts allow you to repay a portion of your debt over three to five years, and the remaining debt is discharged.

If a creditor does challenge the discharge of a debt, Ginsberg states that the recourse is to negotiate a partial payment plan for that particular debt or to convert the case to a Chapter 13 Bankruptcy, which requires a court - ordered repayment plan over several years.

The bankruptcy court will also deny a Chapter 7 discharge if the debtor has previously received a discharge in a Chapter 12 or Chapter 13 case filed within the last six years unless the debtor meets fairly strict requirements regarding the amount of debt she paid back in her Chapter 13 case.

The VA usually requires a two - year waiting period following a Chapter 7 bankruptcy or foreclosure before it will insure a loan, and borrowers in Chapter 13 must have made at least 12 on - time payments and secure the approval of the bankruptcy court.

Bankruptcy is a federal court process where you get the chance to eliminate or reorganize your debts through discharge (which can mean the sale of assets), or by following a repayment plan that will often last 5 years.

Consumer bankruptcy filings in the U.S. rose 18.2 % in the first quarter of 2010 from a year earlier, according to the Administrative Office of the U.S. Courts.

If I were to file for bankruptcy, or a consumer proposal, in Quebec, and after a year or two I won a substantial amount of money, what would happen to these funds in a court case?

A Chapter 7 bankruptcy (that's the one where all of your debts are «discharged» by the bankruptcy court — you no longer owe these debts) stays on your credit report for up to ten years.

«Educational Credit Management Corporation (ECMC) argues that the bankruptcy court erred in its application of the Brunner test and that the Murrays should have enrolled in a 20 - or 25 - year income - driven repayment plan (IDR).

With over 220 years of attorney experience, if you find yourself seeking the help of bankruptcy court, San Diego Law Offices of Doan Law Firm can help you get back on track financially.

Transfer of Real Estate by Debtor More than One Year Before Filing Chapter 7 Bankruptcy Petition Does Not Bar Discharge of Debt, According to California Appellate Court, Los Angeles Bankruptcy Lawyer Blawg, January 9, 2015

Chapter 13 bankruptcy requires five years of court - ordered payments to a trustee, and may require you to surrender some of your assets.

Discharge with respect to student loan indebtedness only available where (1) discharged bankrupt ceased attending school seven years prior to filing for personal bankruptcy, or (2) once a discharged bankrupt has been out of school for five years after the date of filing for bankruptcy a debtor can apply for a court - ordered discharge of their student loan debt

If you satisfy the five - year waiting period then, you have the option of making an application before a judge in Bankruptcy Court, and the judge has the discretion to grant a «court - ordered discharge» under a «hardship provision&raCourt, and the judge has the discretion to grant a «court - ordered discharge» under a «hardship provision&racourt - ordered discharge» under a «hardship provision».

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

What if there was a shady side of the law that allowed federal bankruptcy court trustees to hide things from you for up to a year before you found out you lost your assets to your creditors after filing for bankruptcy protection?

If you have already received a bankruptcy discharge in the last six to eight years (depends on the type of bankruptcy you filed), if a previous Chapter 7 or Chapter 13 case was dismissed within the past 180 days, if you have enough income to feasibly satisfy a Chapter 13 plan, or if the bankruptcy court finds that you have tried to cheat your creditors or concealed your assets, then you won't be able to file for Chapter 7 bankruptcy discharge.

There is a special rule that says that, in cases of «hardship», the bankrupt may apply to bankruptcy court after five years to have their student loan reduced or discharged.

In a consumer proposal, you can offer a reasonable repayment plan over a period of up to five years, and if the creditors accept it, you avoid bankruptcy and bankruptcy court.

A dozen applicants, including law firms, financial advisers, wind - down consultants and administrative advisers have so far filed claims in New York bankruptcy courts for services rendered between 28 May and the end of October last year.

Two years ago, Flintkote collapsed under the weight of more than 157,000 personal injury and wrongful death claims and wound up in bankruptcy court, where it remains.

Morris Kaiser had been bankrupt for more than three years, and claimed to have been impecunious at the time of his bankruptcy, the Court of Appeal found.

He served as a judicial clerk in the U.S. Bankruptcy Court for the District of Utah for three years before joining a national firm for 22 years.

Michael is a member of McInnes Cooper's Asset Recovery and Insolvency group, and has acted for secured and unsecured creditors, receivers (both privately appointed and court - appointed), and trustees in bankruptcy in many of the major insolvencies in recent years on Prince Edward Island.

Our attorneys who handle directors and officers liability claims have years of experience representing clients in federal and state courts, including the U.S. bankruptcy courts, as well as state and federal administrative proceedings.

Our attorneys are accustomed to dealing with complex and sophisticated business matters and have many years of experience handling all financial issues surrounding bankruptcy and reorganization, out of court workouts, and state and federal court litigation over creditors» and debtors» rights.

The beginning of the post refers (without linking) to an earlier post on the same topic: «Last year in this blog we reported on a decision by the United States Court of Appeals for the Seventh Circuit finding that inherited IRAs were not «retirement funds» exempt from claims of creditors in bankruptcy.»

Generally, in those cases, a legislative body has to authorize the appropriation «voluntarily» from whatever source of funds it choses to impose, and usually, when push comes to shove, state and local governments do pay the judgments they owe (there are limited federal bankruptcy options for municipalities and states), although there are instances of state governments stubbornly refusing to take the actions necessary to comply with court orders directing that public schools be funded for many, many years.