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8 Apr 2024, 9:43 am by Lauren Aversa
Financial restructuring can involve negotiations with creditors and lenders, posing potential risks if not managed adeptly. [read post]
8 Apr 2024, 7:51 am by Adam Levitin
Our current bankruptcy system operates as a type of mutual credit insurance program, mutualizing losses among creditors, rather than sticking them all on one creditor. [read post]
6 Apr 2024, 11:12 am by Richard West
Chapter 7 bankruptcy allows individuals or businesses to liquidate non-exempt assets to repay their creditors, including the SBA loan. [read post]
5 Apr 2024, 4:22 pm by Lyra Gerona
Communication is the Lifeline: Open communication with beneficiaries and other parties involved, such as creditors and potential heirs not named in the will, is crucial. [read post]
3 Apr 2024, 10:39 pm by jaxlawcenter
Meeting of Creditors: Approximately four to six weeks after filing, you’ll attend a meeting with the bankruptcy trustee and any creditors who choose to appear. [read post]
2 Apr 2024, 10:52 pm by Christopher Hewitt
Don’t transfer assets: Transferring assets or property to friends or family members before filing for bankruptcy can be seen as an attempt to hide assets from creditors. [read post]
2 Apr 2024, 5:25 pm by Kyle Krull
Assets may dwindle as a result of creditors, divorces, and lawsuits. [read post]
2 Apr 2024, 9:38 am by Evangelina Cantu
Creditor Protection: The assets held within the SLAT should be safeguarded from claims by creditors of the grantor or any trust beneficiaries. [read post]
2 Apr 2024, 1:38 am by attorney
On the other hand, involuntary liquidation can be initiated by creditors or the court due to insolvency. [read post]
1 Apr 2024, 11:00 pm
But a week after the plaintiff filed its lawsuit seeking $5 million in damages against them, the parents allegedly transferred their interests in the property to their kids.Finding that the transfer was a “fraudulent conveyance,” and violative of the state’s Debtor and Creditor Law, the New York County Supreme Court granted summary judgment in the plaintiff’s favor and enjoined the sale or other disposition of the property.On appeal, the Appellate Division, First… [read post]
1 Apr 2024, 9:58 am by Giles Peaker
A judgment creditor likewise will have a right to recover interest on a judgment debt. [read post]
1 Apr 2024, 6:36 am by Dan Bressler
.'” “People close to S&C and FTX noted that all the company’s actions had to be approved by the bankruptcy court with the consent of the US Trustee and creditors, and pointed out that Bankman-Fried had several lawyers personally representing him in November 2022. [read post]
29 Mar 2024, 10:47 am by Edelboim Lieberman PLLC
Creditors Can Seek Relief from the Automatic Stay in Some Circumstances While the automatic stay provides immediate relief for Chapter 11 filers, creditors can seek relief from the automatic stay in some circumstances. [read post]
29 Mar 2024, 5:59 am by Above the Law
* Rudy fights to keep his condo from creditors. [read post]
28 Mar 2024, 10:00 am by Kyle Krull
By leaving inheritances to a trust, you can protect assets from lawsuits and creditors of heirs. [read post]
28 Mar 2024, 6:00 am by Evangelina Cantu
Creditor Protection: By employing appropriate lifetime trust provisions, you may be able to secure creditor protection for assets passing to your beneficiaries and more distant relatives. [read post]
27 Mar 2024, 12:24 pm by James Vann
We will review some tried and true tips to be best prepared as you negotiate and mediate issues of disagreement.Reserve Your Seat NowRaleigh, NCBusiness, 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.Learn MoreJames R. [read post]
26 Mar 2024, 9:01 pm by renholding
The CFPB’s Small Business Rule The Small Business Rule, issued on March 30, 2023, implements Section 1071 of the Dodd-Frank Act, which requires creditors to determine whether a business “is a women-owned, minority-owned, or small business. [read post]
26 Mar 2024, 10:29 am by Ron Payne
We also advise on process requirements, special asset considerations, creditor claim disputes, and distribution of assets. [read post]