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1 Apr 2022, 9:45 am
If there are health or creditor issues, or disputes over property, an estate planning attorney is invaluable in protecting the surviving spouse and/or executor. [read post]
1 Apr 2022, 5:30 am
When a person files for chapter 7 bankruptcy, they are asking the court to discharge, or completely wipe out, their debts without having to make any payments to their creditors. [read post]
31 Mar 2022, 8:00 pm
Debtors attended a Section 341 Meeting of Creditors at the courthouse. [read post]
31 Mar 2022, 7:00 pm
Secured creditors traditionally have a very strong position under Dutch insolvency law (provided that, in light of a Dutch Scheme, the rights of secured creditors could potentially be affected), with the Netherlands considered to be among the most secured creditor-friendly jurisdictions in Europe. [read post]
31 Mar 2022, 1:57 pm
If there is nonexempt equity in any property you own, including your vehicles, a court-appointed Chapter 7 Trustee can request the turnover of these items with the intent to liquidate them in order to pay your creditors. [read post]
31 Mar 2022, 1:08 pm
A payment or transfer to a creditor may be considered preferential if it satisfies all of the following elements: The payment was made to a creditor or for a creditor’s benefit. [read post]
31 Mar 2022, 10:51 am
U.S. businesses should use caution not to allow the widespread sympathy and limited media and public criticism that comedian Chris Rock currently enjoys after Will Smith inappropriately responded to Rock’s hair shaming of Smith’s wife, actress Jada Pinkett Smith, to overlook their organization’s growing legal responsibility and risks to prevent hair shaming in their operations. [read post]
31 Mar 2022, 6:13 am
To protect your assets against creditors. [read post]
30 Mar 2022, 7:25 am
This could happen due to the inheritor having outstanding creditor issues or tax troubles or being inexperienced with managing the new assets. [read post]
30 Mar 2022, 5:30 am
Any money paid by the debtor to keep nonexempt property likewise goes to pay creditors. [read post]
29 Mar 2022, 8:05 pm
Some personal representatives may lead a creditor to believe the estate will pay an outstanding debt in full without the creditor filing a claim, thus permitting time to pass and creditor deadlines for probate court lapse. [read post]
29 Mar 2022, 10:15 am
In Texas, most homestead property is exempt from the claims of creditors. [read post]
29 Mar 2022, 10:06 am
Sometimes the Debt collector has been hired by a creditor to try to recover the delinquent debt and other times the Debt collector has purchased the debt from the original creditor. [read post]
29 Mar 2022, 6:15 am
Additionally, all real estate, including the homestead, can have additional protection from the creditors of either spouse if the home is owned by both spouses jointly as tenants by entireties. [read post]
28 Mar 2022, 9:00 pm
This Book Review shows how rule-by-reorganizers can explain Chapter 11's troubling tendency to disregard the interests of legacy creditors. [read post]
28 Mar 2022, 8:53 am
Georgia, the Supreme Court relied on this language to allow a suit against Georgia by an out-of-state creditor. [read post]
28 Mar 2022, 5:20 am
In fact, if you transfer assets to shield them from existing creditors, it could be considered a fraudulent transfer, resulting in legal penalties. [read post]
27 Mar 2022, 7:41 pm
In bankruptcy cases, creditors have the right to file appeals. [read post]
27 Mar 2022, 10:56 am
If the FSP can’t pay a creditor, that’s the fiscal sponsor’s responsibility. [read post]
27 Mar 2022, 7:43 am
Creditors Win Intestacy provides no asset protection or preservation benefits. [read post]
