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7 Feb 2021, 5:15 am
This can be problematic because Minnesota law requires creditors be paid back equitably. [read post]
25 Nov 2008, 3:54 pm
November 2008) Issue: When the debtor pays an otherwise non-dischargeable debt to the creditor during the prepetition preference period and the creditor is forced... [read post]
31 Jul 2014, 11:05 am by Paul Caron
Rev. 375 (2014): When a debtor goes bankrupt and limited assets have to be divided between competing creditors, should unpaid taxes owed to the government be paid before the debts owed to other creditors? [read post]
7 Nov 2010, 9:01 am by Bankruptcy Prof
United States First Circuit, 11/02/2010 In re Net-Valazquez, --- F.3d --- (1st Cir. 2010) Creditor's garnishment of funds affirmed as preference: 1) because the creditor neglected to squarely raise its arguments before the bankruptcy court, it has waived them; and... [read post]
In general, creditor claims of the same class must be treated the same in a Chapter 13 bankruptcy. [read post]
15 Aug 2012, 4:00 am by Seth Leventhal
Update (August 15, 2012):  In the cat-and-mouse chase between creditors and debtors (and joint account holders of debtors), chalk up another win for the creditors as the U.S. [read post]
5 Mar 2014, 2:43 pm by Reed Allmand
A wage garnishment is when a creditor receives permission from the court to withhold payment from paycheck earnings and have them forwarded […] [read post]
14 Jan 2013, 12:36 am
Bankruptcy Does Not Ruin Your Credit The greatest myth being perpetuated by credit card companies and creditors is that bankruptcy will ruin your credit. [read post]
16 Oct 2023, 6:03 am by Gideon Alper
An offshore trust is an irrevocable trust formed under the laws of a foreign country to protect assets from U.S. creditors. [read post]
12 Mar 2012, 6:00 am by ADR Times
Within the next three months, Stockton could become the nation’s largest city to file for protection from creditors under U.S. bankruptcy code. [read post]
10 Apr 2014, 3:08 am by Paul Caron
. § 6323, which governs how the federal tax lien ranks against the interests of the taxpayer’s other creditors, subordinates the tax lien to the claims of other creditors in various ways. [read post]
10 Jul 2012, 7:17 am by David Siegel
  The automatic stay in a bankruptcy case is what gives the bankruptcy law an opportunity for the debtor to be protected from all creditors pursuing them by suing the debtor for debts that the person has occurred and owed to the creditor. [read post]
24 Apr 2021, 5:00 am by Gideon Alper
They ask whether cryptocurrency can be garnished or seized by a judgment creditor or whether you even have to disclose bitcoin to creditors. [read post]
19 Mar 2008, 8:51 am
Otherwise, Bear may go into bankruptcy and the creditor gets nothing. [read post]
28 Dec 2023, 6:20 am by Gideon Alper
Asset protection is a strategic legal method to safeguard one’s assets from potential claims of creditors, lawsuits, or judgments. [read post]
4 Jun 2021, 10:59 am by Gideon Alper
The creditor remedies for a debtor’s fraudulent conveyance statute are provided by section... [read post]
25 Sep 2020, 9:35 am by leemedia
The creditor might be a person, company,  … Read more [read post]
20 May 2011, 2:00 am by Duncan Law Team
This is one of the potential pitfalls of debt consolidation that many consumers are unaware of until they receive a Form 1099-C from a creditor come tax time. [read post]