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22 Apr 2024, 1:35 am by Katelynn Minott, CPA & CEO
Creditors who sue sole proprietors may seize their personal assets (e.g. home, car, valuables) to recoup losses. [read post]
20 Apr 2024, 5:25 pm by Richard West
Tax refunds are considered an asset and may be subject to liquidation to pay off creditors during bankruptcy. [read post]
20 Apr 2024, 5:16 pm by KD Mitchell, JD LLM
When someone owes the IRS money, chances are good that they have other creditors who are also owed money. [read post]
20 Apr 2024, 9:08 am by leemedia
It’s a process shrouded in misconceptions and fears, partly because its implications are far-reaching, affecting not just the business but also its employees, customers, and creditors. [read post]
19 Apr 2024, 6:30 am
Posted by the Harvard Law School Forum on Corporate Governance, on Friday, April 19, 2024 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of April 12-18, 2024 Creditor rights, collateral reuse, and credit supply Posted by Brittany Lewis (Washington University in St. [read post]
19 Apr 2024, 6:30 am
Posted by the Harvard Law School Forum on Corporate Governance, on Friday, April 19, 2024 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of April 12-18, 2024 Creditor rights, collateral reuse, and credit supply Posted by Brittany Lewis (Washington University in St. [read post]
18 Apr 2024, 7:23 am by Cathy Moran
You testify in person at the first meeting of creditors to their accuracy. [read post]
18 Apr 2024, 5:00 am by Bob Kraft
To safeguard these funds, maximize contributions based on legal limits, as these assets are often protected from creditors. [read post]
18 Apr 2024, 12:52 am by Allen Graves
Public Benefits Exemptions: Certain public benefits, such as Social Security, unemployment compensation, and veterans’ benefits, are exempt from creditors’ claims. [read post]
17 Apr 2024, 2:09 pm by Law Offices of Daniel A. Hunt
Note that creditors may still bring an action against the estate for their claim, and if successful, they can collect against the beneficiary directly against their pro-rata share. [read post]
17 Apr 2024, 9:10 am by herrmann
If bankruptcy is not a possibility and you find yourself among numerous creditors seeking repayment, the probability of receiving the full amount owed to you is notably diminished. [read post]
17 Apr 2024, 8:34 am by Patrick Bracher (ZA)
The claimant sought declaratory relief to the effect that her notice complied with section 3, specifically relying on subsection (3), which stipulates that a debt is only regarded as due when the creditor has knowledge of both the facts giving rise to the debt and the identity of the organ of state – with the caveat that the creditor is deemed to have such knowledge as soon as they could have required it by exercising reasonable care. [read post]
16 Apr 2024, 2:05 pm by Edelboim Lieberman PLLC
It also states that a modification will be deemed accepted by a creditor that has previously approved the plan unless the creditor submits a timely rejection. [read post]
16 Apr 2024, 1:13 pm by James Vann
Decoding Preference Claims: Discover what constitutes a preference payment, how to handle them, and the defenses available to creditors. [read post]
16 Apr 2024, 12:26 pm by Gina Zuel
., a child of an owner who’s devised an ownership interest in a will upon said owner’s passing), and a creditor of a reporting company. [read post]
16 Apr 2024, 12:13 pm by Richmond Cariaga
If personal representatives fail to perform their duties properly, they can be held personally liable to the beneficiaries or creditors of the estate. [read post]
16 Apr 2024, 9:45 am by John B. Palley
I posted a few days ago telling you I was very surprised to see OJ Simpson’s attorney, and named executor, openly saying he would be stonewalling creditors claims by the Goldman family. [read post]
15 Apr 2024, 10:00 pm by Sherica Celine
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, 10:00 pm by Sherica Celine
Refer to this mega chapter 11 filings tracker for recent bankruptcy filings of cases involving $100 million or more, or 1000 or more creditors, or that hold a high degree of public interest. [read post]