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17 Apr 2022, 8:21 am
Under Chapter 7, many of your assets would be liquidated to pay off your creditors. [read post]
17 Apr 2022, 7:39 am
You’ll need to collect assets, pay creditors, distribute assets to beneficiaries, and handle taxes. [read post]
16 Apr 2022, 8:06 am
It has a clunky old pre-2004 restructuring provision that favors holdout creditors. [read post]
15 Apr 2022, 2:08 pm
The point of the reform was to make it impossible for litigious holdouts to exclude one or more individual series of bonds from a restructuring that had garnered the support of a creditor supermajority. [read post]
15 Apr 2022, 6:46 am
Unfortunately for investors in GWG L Bonds, this means they will incur a substantial loss in value of their investments and, based on our experience, they will not be able to recover much, if anything, from creditor claims against GWG entities. [read post]
15 Apr 2022, 6:19 am
Section 7.4001 which defines “interest” for purposes of the NBA as “any payment compensating a creditor or prospective creditor for an extension of credit, making available of a line of credit, or any default or breach by a borrower of a condition upon which credit was extended. [read post]
14 Apr 2022, 9:36 pm
If you owe a debt and the creditor wants to take you to court, it must file court documents and ensureyou receive copies of those papers to start the legal process. [read post]
14 Apr 2022, 5:41 pm
The creditor is not a party to the divorce and the creditor is not bound by the divorce decree. [read post]
14 Apr 2022, 12:56 pm
In the special context of a sovereign creditor of a sovereign debtor, the case reveals the potential role of privately enforceable debt in achieving the creditor’s political ends. [read post]
14 Apr 2022, 10:04 am
Secured debts like vehicle loans consist of two “parts”: (1) the creditor’s right to sue you personally if you do not pay and (2) the creditor’s right to take back the vehicle if you do not pay.Bankruptcy discharges your personal liability on most debts included in your bankruptcy.Personal liability for paying a vehicle loan is usually discharged in Chapter 7 bankruptcy unless you reaffirm the debt.When you agree to reaffirm a vehicle loan, you agree… [read post]
14 Apr 2022, 8:00 am
Suggestions such as refinancing, paying a little more than the minimum balances, or devising a payment plan with the creditor are some ideas that a Countrywide counselor can offer. [read post]
14 Apr 2022, 7:58 am
Property owned in this way is protected from creditors to the extent a creditor has a claim against only one of the spouses. [read post]
13 Apr 2022, 5:32 pm
This won’t protect you from garnishments and levies.It is probably only a matter of time before your spouse’s creditors come after the community assets. [read post]
13 Apr 2022, 11:47 am
The idea is that when a property is sold through foreclosure, equity will be made available to pay off the owner’s other creditors. [read post]
13 Apr 2022, 11:26 am
Reserve Your Seat Now Raleigh, NC Business, Construction, & Creditor's Rights AttorneysVaried backgrounds and expertise of dedicated attorneys and staff providing clients with effective and efficient legal advice and representation throughout North Carolina. [read post]
13 Apr 2022, 9:32 am
Likewise, bankruptcy lawyers representing businesses that are debtors or representing creditors of these entities may need to access the insurance assets of the debtor. [read post]
13 Apr 2022, 8:24 am
The creditor was automatically perfected for 20 days in the insurance claim. [read post]
12 Apr 2022, 8:37 am
Advanced planning to minimize probate involvement can also sometimes help people preserve their property from creditors or Medicaid estate recovery efforts. [read post]
12 Apr 2022, 7:53 am
If the deceased was in debt, probate gives only a brief window for creditors to file a claim, which can result in more debt forgiveness. [read post]
12 Apr 2022, 6:42 am
” After a bankruptcy petition is filed in court, this stay will go into effect, and it will prevent creditors from taking any actions to collect debts. [read post]
