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9 Mar 2022, 5:30 am
Receiving a Summons and Complaint from a creditor, or being threatened with a judgment can be scary, but what does it really mean for you financially? [read post]
9 Mar 2022, 5:26 am
A creditor might assume (with some reason) that courts in New York or London would be skeptical of this argument. [read post]
8 Mar 2022, 2:17 pm
For a contrary example, imagine a creditor who has le [read post]
8 Mar 2022, 12:47 pm
The trust property is also outside the reach of creditors. [read post]
7 Mar 2022, 2:25 pm
Third party creditors who may have liens on the foreclosed property may also make claims to the surplus funds from the trustee sale. [read post]
7 Mar 2022, 1:37 pm
Joint Provisional Liquidators & Deloitte Updates Credit Holders and Policyholders On February 23, 2022, Rachelle Frisby, the Deloitte Financial Advisory head in Bermuda and the British Virgin Islands, sent a letter to creditors and policyholders updating them about the liquidation proceedings involving Northstar Financial Services (Bermuda) and Omnia, Ltd. [read post]
7 Mar 2022, 1:00 pm
A Chapter 13 filing can be reported for up to seven years after your filing date.This could be an issue if a potential creditor has a firm policy against lending to anyone with a bankruptcy in their credit history.Many large institutional lenders might never even see your actual credit report– many only review your FICO credit score when deciding whether to do business with you. [read post]
7 Mar 2022, 9:45 am
If one person has debts, creditors may come after the assets, regardless of who the original owner may be. [read post]
7 Mar 2022, 8:47 am
Instead, they were protesting judicial decisions that ordered the assets paid to judgment creditors in terrorism cases, in particular the Supreme Court’s decision in Peterson v. [read post]
7 Mar 2022, 6:54 am
The following checklist can serve as a reminder of some, but not all, of the tasks to which you should give your immediate attention: Meet with a knowledgeable estate planning attorney to discuss the creation of a will or trust, or to update one from before you got married; Review and update your medical proxy documents and provide copies to your necessary doctors’ offices; Check and update beneficiary designations on any life insurance policies, 401(k)s, IRAs, annuities, and other investment… [read post]
7 Mar 2022, 6:02 am
Our hypothesis builds on recent findings (Bharath and Hertzel, 2019) that show that increased external governance has a significant negative impact on the use of bank financing over public debt issuance as it affects the demand for creditor governance: firms endogenously switch among different governance mechanisms to shape an optimal governance structure. [read post]
6 Mar 2022, 10:00 pm
President Vladimir Putin issued a decree introducing a special procedure for repayment of debt by the Russian state bodies as well as Russian residents (Russian Debtors) to non-Russian creditors related to foreign states that commit “unfriendly actions towards Russia” or that are controlled by such non-Russian creditors (deemed “Creditors from Unfriendly States”). [read post]
6 Mar 2022, 10:00 pm
President Vladimir Putin issued a decree introducing a special procedure for repayment of debt by the Russian state bodies as well as Russian residents (Russian Debtors) to non-Russian creditors related to foreign states that commit “unfriendly actions towards Russia” or that are controlled by such non-Russian creditors (deemed “Creditors from Unfriendly States”). [read post]
6 Mar 2022, 10:00 pm
President Vladimir Putin issued a decree introducing a special procedure for repayment of debt by the Russian state bodies as well as Russian residents (Russian Debtors) to non-Russian creditors related to foreign states that commit “unfriendly actions towards Russia” or that are controlled by such non-Russian creditors (deemed “Creditors from Unfriendly States”). [read post]
6 Mar 2022, 10:00 pm
President Vladimir Putin issued a decree introducing a special procedure for repayment of debt by the Russian state bodies as well as Russian residents (Russian Debtors) to non-Russian creditors related to foreign states that commit “unfriendly actions towards Russia” or that are controlled by such non-Russian creditors (deemed “Creditors from Unfriendly States”). [read post]
6 Mar 2022, 10:00 pm
President Vladimir Putin issued a decree introducing a special procedure for repayment of debt by the Russian state bodies as well as Russian residents (Russian Debtors) to non-Russian creditors related to foreign states that commit “unfriendly actions towards Russia” or that are controlled by such non-Russian creditors (deemed “Creditors from Unfriendly States”). [read post]
6 Mar 2022, 10:00 pm
President Vladimir Putin issued a decree introducing a special procedure for repayment of debt by the Russian state bodies as well as Russian residents (Russian Debtors) to non-Russian creditors related to foreign states that commit “unfriendly actions towards Russia” or that are controlled by such non-Russian creditors (deemed “Creditors from Unfriendly States”). [read post]
6 Mar 2022, 3:20 pm
Debts owed to an original creditor are usually dischargeable in bankruptcy. [read post]
5 Mar 2022, 11:18 am
A federal tax lien exists after the IRS (1) assesses your tax liability and (2) Sends you a bill that explains how much you owe (Notice and Demand for Payment) and you don’t pay the tax debt.The IRS files a public document, the Notice of Federal Tax Lien, to alert creditors that the government has a legal right to your property. [read post]
5 Mar 2022, 9:48 am
You can also place your assets in a trust to protect them from creditors. [read post]
