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18 Mar 2022, 5:30 am
When a person files for chapter 7 bankruptcy, they are allowed to claim certain property as “exempt,” or legally protected from creditors up to a certain value. [read post]
17 Mar 2022, 8:34 pm
Request full information and follow up with the named creditor. [read post]
17 Mar 2022, 12:08 pm
First, if your spending $500 a month gambling, that money could be used to pay your creditors. [read post]
17 Mar 2022, 6:13 am
Bankruptcy is therefore, a perfect system for distributing those limited assets to the numerous creditors (even if a creditor is a husband or wife). [read post]
15 Mar 2022, 12:30 pm
The estate plan you design can protect property for your children, keeping away predatory creditors and any problems due to remarriages or divorces. [read post]
15 Mar 2022, 11:10 am
The irrevocable trust creates a legal wall separating you and your assets permitting the shielding from creditors or long-term medical care costs. [read post]
15 Mar 2022, 8:48 am
”)… Though the bankruptcy court here may have disagreed with Appellant’s decision to file the opposition, the opposition “was not wholly unfounded” given that — at the time Appellant filed the opposition — the Debtor did not have any disposable income through which he could establish a repayment plan to compensate creditors… Further, the negotiations Appellant engaged in with the Debtor’s counsel ultimately culminated in the consent… [read post]
15 Mar 2022, 12:16 am
Should the creditor violate this federal injunction, the debtor can file a lawsuit against the creditor’s company. [read post]
14 Mar 2022, 4:36 pm
Direct gifts made to young people can have their own challenges which include exposure to creditors and limited control over how gifts are made. [read post]
14 Mar 2022, 1:59 pm
Any transfer of assets from the parent company to the captive may be challenged later by creditors. [read post]
13 Mar 2022, 1:57 pm
You’d are responsible to pay this amount to creditors each month. [read post]
13 Mar 2022, 1:56 pm
Article 21 of Schedule 1 to the CBIR states that upon recognition of a foreign proceeding, a court can grant any appropriate relief at the request of the recognised foreign representative where necessary to protect the assets of the debtor or the interests of creditors. [read post]
12 Mar 2022, 2:20 pm
Here is a good example: Sometimes people who are afraid of bank levies from creditors will start depositing their paychecks in a bank account under someone else’s name. [read post]
11 Mar 2022, 10:49 am
When you file for protection under the United States Bankruptcy Code, you may be able to stop creditors and bill collectors from harassing you for payments that you cannot afford. [read post]
10 Mar 2022, 6:21 pm
” Arik Preis, a lawyer for the official committee of unsecured creditors in the Purdue bankruptcy, which includes individual victims and other parties, said that Dr. [read post]
9 Mar 2022, 4:11 pm
Any money that remains after paying costs is paid to your creditors pro-rata. [read post]
9 Mar 2022, 11:09 am
As an executor, you are effectively a liaison between multiple parties related to the estate: namely, the courts, the creditors, the IRS, and the heirs. [read post]
9 Mar 2022, 8:20 am
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]
9 Mar 2022, 7:45 am
If you determine that you are below the Means Test (or the Means Test does not apply to you) then you know you can get out of the bankruptcy at the end of 36 months as long as you have paid back any creditors who are required to be paid back. [read post]
9 Mar 2022, 7:19 am
Creditors - Do you or your beneficiaries have a lot of debt? [read post]
