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22 Apr 2024, 1:35 am
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
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
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
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
You testify in person at the first meeting of creditors to their accuracy. [read post]
18 Apr 2024, 5:00 am
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
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
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
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
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
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
Decoding Preference Claims: Discover what constitutes a preference payment, how to handle them, and the defenses available to creditors. [read post]
16 Apr 2024, 12:30 pm
There is nothing in a land trust agreement that can protect your beneficial interest from a judgment creditor. [read post]
16 Apr 2024, 12:26 pm
., 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
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
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
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
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]