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12 Aug 2022, 5:20 am
When an automatic stay is in effect, no creditor can pursue debt collection at the expense of other creditors. [read post]
12 Aug 2022, 4:00 am
National/Federal Appeals Court Rules IRS Must Provide Trump’s Tax Returns to House Committee MSN – Harper Neidig (The Hill) | Published: 8/9/2022 The IRS must hand over former President Trump’s tax returns to a U.S. [read post]
11 Aug 2022, 11:24 am
” Judge Pryor said the 1881 decision in Greenough was premised on “fear of creditors running amok with litigation,” noting the monies disallowed to the lead bondholder in that case totaled “more than $1.4 million in today’s dollars. [read post]
11 Aug 2022, 8:39 am
Advisers would be required to report additional basic information about themselves and the private funds they advise including identifying information, assets under management, withdrawal and redemption rights, gross asset value and net asset value, inflows and outflows, base currency, borrowings and types of creditors, fair value hierarchy, beneficial ownership, and fund performance to provide greater insight into private funds’ operations and strategies, assist in identifying… [read post]
11 Aug 2022, 8:33 am
ECOA and Regulation B expressly require that creditors collect certain applicant demographic data in connection with mortgage loan applications to be secured by a primary residence. [read post]
11 Aug 2022, 2:06 am
This is not required if a different sequence is applied that would minimise deviations from the ‘no creditor worse off’ principle and better achieve the resolution objectives. [read post]
9 Aug 2022, 11:12 am
” (emphasis included) Despite finding that the “reasonable creditor” standard did not exclude unsophisticated individuals and entities, the Third Circuit nevertheless concluded that the term “reasonable creditor” did not accurately reflect the FCRA’s intent because the FCRA does not limit the permissible use of consumer reports to creditors and contemplates a range of permissible users. [read post]
9 Aug 2022, 7:28 am
Divorce judges will likely direct the party who obtained the money judgment to enforce it in the appropriate collections court like any other creditor. [read post]
8 Aug 2022, 12:54 pm
The cash generated by this sale may then be shared among the creditors. [read post]
8 Aug 2022, 9:36 am
These structures, which include sole proprietorship, partnership, corporation, and limited liability company (LLC), will mostly impact things such as how you pay your taxes and which assets can be seized by any creditors. [read post]
7 Aug 2022, 11:22 am
The new securities complaint also refers to the company’s May 2022 disclosure that “Because custodially held crypto assets may be considered to be the property of a bankruptcy estate, in the event of a bankruptcy, the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings and such customers could be treated as our generally unsecured creditors. [read post]
7 Aug 2022, 5:30 am
Section 362 provides that a bankruptcy petition "operates as a stay, applicable to all entities" and "generally prohibits attempts to collect prepetition debts against the debtor or the debtor's property or attempts to enforce liens and other interests against property of the bankruptcy estate” [read post]
5 Aug 2022, 2:23 pm
This reduces the chances that the internal firewalls of the Series LLC are pierced by a hostile creditor in court. [read post]
5 Aug 2022, 10:55 am
The purpose of the legislation is to ensure underfunded pension plans with insufficient assets have the means to ensure those pensions are given priority over large creditors’ executive bonus payouts during the insolvency process. [read post]
5 Aug 2022, 10:00 am
The creditor. [read post]
5 Aug 2022, 5:30 am
LifeBack Law Firm has been protecting Minnesotans from their creditors since 1972 and we can protect you too. [read post]
5 Aug 2022, 12:08 am
Fall of a guru Wannabe landlords tempted to pay large sums to attend training by unqualified ‘property guru’s’ should take warning from the fall of property Guru Glen Armstrong who was declared bankrupt in February, owing creditors £4.9 million. [read post]
4 Aug 2022, 10:22 am
So, we don’t know where this will end up, malpractice-wise (and, as my 19-year-old stepson perceptively pointed out, any verdict in favor of Jones would probably go to satisfy his many, many creditors, including the Sandy Hook families). [read post]
4 Aug 2022, 6:00 am
In determining whether to grant a petition to appoint a receiver for an insolvent corporation, the Court must determine whether the corporation is insolvent and whether the appointment of a neutral third party is necessary to protect the insolvent corporation’s creditors or shareholders. [read post]
3 Aug 2022, 5:46 pm
It belongs to the creditor. [read post]
