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5 May 2024, 9:01 pm
Most sovereign debt restructurings today largely rely on contractual collective action clauses (“CACs”) to restructure bonded debt, and consensual agreements with creditors who hold other debt. [read post]
28 Apr 2024, 9:05 pm
” When sovereign debt is unsustainable, and only if it is, some limitations must be imposed on its service. [read post]
20 Apr 2024, 5:25 pm
The Internal Revenue Service (IRS) is notoriously stringent when it comes to collecting outstanding tax debts. [read post]
15 Apr 2024, 10:00 pm
The tracker provides a summary of certain first-day filings, a list of the debtors’ largest creditors, links to related Practical Guidance content, and more. [read post]
15 Apr 2024, 6:00 pm
["This isn’t about forum shopping. [read post]
13 Apr 2024, 11:23 am
Chapter 7 Bankruptcy and Landlord When you file for Chapter 7 Bankruptcy, a public notice is made, and your creditors are notified to cease collection activities. [read post]
10 Apr 2024, 3:45 pm
However, this chapter shows that in times of financial crisis, there are still many opportunities for a foreign debtor and its creditors to obtain an outcome centred on United States law and procedure. [read post]
8 Apr 2024, 10:00 pm
Public Interest, Pro Bono, and Non-Profit Resource Kit offers valuable guidance for those providing pro bono legal services and assisting non-profit organizations and public interest groups. [read post]
25 Mar 2024, 10:00 pm
Liquidation Analysis: Best Interest of Creditors Test See this practice note when drafting the liquidation analysis for purposes of the best interest of creditors test. [read post]
22 Mar 2024, 11:55 am
When you file for bankruptcy, an automatic stay is imposed, meaning creditors cannot pursue collections from you. [read post]
19 Mar 2024, 6:08 pm
On the other side was a deeper faith in the market and in the autonomy of collective behavior, one which understood that private collectives ought to align with policy but not necessarily serve primarily as its instrument. [read post]
19 Mar 2024, 2:45 am
With regard to financial services, the letter highlights the importance of the Consumer Duty for firms in assessing whether their collections processes (including the tone and frequency of debt communications) are delivering fair outcomes for their customers. [read post]
10 Mar 2024, 12:57 pm
" At issue in Barclift was whether a consumer whose personal information was shared by a creditor with a third party, in violation of the Fair Debt Collection Practices Act, suffers an injury that is sufficiently "concrete" to satisfy the requirements of Article III. [read post]
6 Mar 2024, 12:32 pm
Mar. 1, 2024) “Qoins is a financial technology company that collects funds from its customers and disburses payments to designated creditors in order to help its customers pay off their debts. [read post]
5 Mar 2024, 10:01 am
Assisting in collecting life insurance proceeds. [read post]
4 Mar 2024, 5:56 pm
Pix credit here In a 53 page opinion, the United States District Court for Northern Alabama has ruled, in National Small Business Association v. [read post]
22 Feb 2024, 10:09 am
Individuals work with family courts or other government agencies for ordinary garnishments, while consumer debt garnishments often involve working directly with creditors or collection agencies.Garnishment for most types of consumer debt may occur after a creditor wins a judgment in court. [read post]
15 Feb 2024, 10:05 am
Source: [1] Declaring Bankruptcy | Internal Revenue Service. [read post]
14 Feb 2024, 7:00 am
In the event that the compensation is tied to the estate, creditors may try to recover debts against the deceased party through the estate. [read post]
27 Jan 2024, 8:50 am
This legal protection prohibits creditors, including landlords, from taking any further collection actions, including eviction proceedings.The landlord can petition the bankruptcy court for relief from the automatic stay, allowing them to proceed with the eviction. [read post]
