The new act will make it more difficult for debtors to qualify for bankruptcy relief. |
They wanted to persist in the belief that the blue chip debtors of yesteryear were still creditworthy. |
The trustee must act as a neutral third party as between the debtors and creditors. |
In it, the government said it would finalize a plan to cope with the uncooperative debtors by the end of next March. |
In Chapter 13, debtors pay off their debt under a stringent schedule, and typically their wages are garnisheed well into the future. |
The company needs its debtors to sign a waiver agreement that will allow it to start talks without being in default on its loans. |