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26 May 2017, 11:59 am
Here, the creditor was an ex-wife who was owed an alimony debt. [read post]
22 Sep 2023, 5:00 am
PC) had secured a money judgment against a party, it was unable to collect against the debtor because her asset, an Individual Retirement Account, was exempt by law.Upon the debtor’s death, however, S.A. claimed that the funds were longer shielded from creditors and that the “gratuitous transfers” made from her IRA account comprised “fraudulent conveyances,” but the New York County Supreme Court disagreed and denied S.A. [read post]
27 Apr 2009, 1:06 am
If an otherwise unsecured creditor takes a judgment against you in Arizona, and garnishes your wages, the amounts that flow to that non-insider creditor within the 90 days prior to your filing of a Chapter 7 bankruptcy in Arizona may very well be a preference payment.So after you file your bankruptcy, your randomly-appointed Chapter 7 bankruptcy trustee may have his lawyer sue the creditor to recover those preference payments. [read post]
12 May 2009, 1:17 pm
Professor Hu asserts that the empty creditor is one that exhibits puzzling creditor behavior towards troubled debtors when credit default swaps and other products are involved. [read post]
19 Feb 2021, 8:46 am
But if creditor fiduciary duty claims instead arise out the debtor-creditor relationship itself, then it is not clear to me Delaware gets to decide these issues. [read post]
4 Apr 2012, 9:47 am
The settlement will allow a subsidiary, Dynegy Holdings, to proceed with its bankruptcy process. [read post]
11 Mar 2011, 7:57 am
When is it appropriate for a bankruptcy court to facilitate a sale that benefits nobody except the senior lenders? [read post]
13 Nov 2009, 11:16 am
For many years, I have advised my clients to zero-out and close any checking or savings account held at a bank that the client also owes a debt to. [read post]
15 Oct 2009, 12:43 pm
What will they ask me at my bankruptcy hearing? [read post]
13 Aug 2007, 9:18 pm
Debb Thorne at Credit Slips has an interesting (and probably controversial) post. [read post]
15 Jan 2012, 5:58 pm
Had the Fosters done so, they would not have lost $32,000.00 to their creditors. [read post]
7 Feb 2014, 6:24 pm
So you may need to sue your creditor or collector in court. [read post]
11 Jan 2009, 4:51 pm
In most bankruptcy cases, you only have to go to a proceeding called the "meeting of creditors" to meet with the bankruptcy trustee and any creditor who chooses to come. [read post]
15 Dec 2023, 7:47 am
Debt settlement is a process where a debtor negotiates with a creditor to pay off a portion of their debt in exchange for the creditor forgiving the remaining balance. [read post]
12 Nov 2009, 3:17 pm
I also have the opportunity to negotiate with different creditors, some of which are lenders while others are often trade creditors, and observe how they respond to different asset protection structures. [read post]
18 Mar 2011, 9:29 am
In any bankruptcy case, creditors can intervene and the complexity of a bankruptcy can often be measured by how many creditors are involved. [read post]
6 Jun 2017, 7:00 am
The BSA was initially enacted to protect creditors of a seller against the sale of assets in bulk where the seller did not satisfy its outstanding debts to the creditor. [read post]
13 Mar 2010, 10:44 am
Often a new client will contact me disclosing at our initial meeting significant pending creditor exposure. [read post]
12 Nov 2009, 3:17 pm
I also have the opportunity to negotiate with different creditors, some of which are lenders while others are often trade creditors, and observe how they respond to different asset protection structures. [read post]
10 Jun 2010, 10:07 am
A creditor serves a wage garnishment on the debtor’s employer. [read post]
