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7 Aug 2024, 6:31 pm
However, a pro se creditor continued to pursue them, ignoring the protections granted by the bankruptcy filing. [read post]
7 Aug 2024, 11:43 am
The IRS doesn’t work under the same principles as other creditors. [read post]
7 Aug 2024, 11:24 am
The revised CCD also introduces rules for the admission, registration and supervision of creditors and credit intermediaries that are non-credit institutions and non-payment institutions, as well as rules on the obligation to assess the creditworthiness of the consumer. [read post]
7 Aug 2024, 10:53 am
Creditors will generally be hesitant to provide a loan to anyone with such a significant tax debt. [read post]
[UPCKat] Revisiting lessons from the first ex parte UPC preliminary injunction in myStromer v Revolt
7 Aug 2024, 6:33 am
The Court, considering Art. 82(4) UPCA and Rule 354.4 RoP, stated that penalty payment quantum depends on the significance of the Order and thus ultimately the creditor’s interest in its enforcement. [read post]
6 Aug 2024, 7:22 pm
The Delaware Court of Chancery recently explained that a charging lien is the exclusive remedy of a judgment creditor against a member’s interest in an LLC, in XRI Investment Holdings LLC v. [read post]
6 Aug 2024, 5:38 am
Thereafter, judgment creditors would have a choice. [read post]
5 Aug 2024, 2:36 pm
A surviving spouse is no longer required to file a creditor claim to assert ownership rights in property subject to the Florida Uniform Disposition of Community Property Rights at Death Act (“Act”). [read post]
5 Aug 2024, 6:57 am
Excerpt: The Tenth Circuit upheld a district court ruling and bankruptcy court ruling that found the government was not protected from certain suits brought by unsecured creditors. [read post]
5 Aug 2024, 5:42 am
Creditors and Debts Notify creditors of the business closure and settle outstanding debts, which includes paying off loans, leases, and accounts payable. 8. [read post]
5 Aug 2024, 5:03 am
We seek to hire one associate professor to direct the Small Business and Nonprofit Transactional Law Clinic and teach complementary doctrinal courses, one associate professor to teach first-year Legal Analysis, Research, and Writing, and two associate professors to teach business law courses (secured transactions, debtor/creditor, securities law, real estate transactions, etc.), property, evidence, professional responsibility, ADR, remedies, health law, or technology law courses. [read post]
5 Aug 2024, 12:00 am
In this process, a trustee is appointed to sell the business’s assets and distribute the proceeds to creditors. [read post]
4 Aug 2024, 6:53 am
Legal Implications: If damages from an accident exceed your insurance coverage, creditors may seek to collect from your personal assets. [read post]
3 Aug 2024, 6:26 pm
Description of Treatment for Each Class of Creditor: Each class of creditor is outlined in detail, specifying how they will be treated within the reorganization plan. [read post]
1 Aug 2024, 11:33 am
The Corporate Transparency Act (CTA), Pub. [read post]
31 Jul 2024, 5:56 pm
This stay is a powerful tool designed to halt all collection activities by creditors, including government entities. [read post]
31 Jul 2024, 3:56 pm
For example, a creditor may be entitled to pursue full collection of its debt based on: A fraudulent conveyance Destruction of relevant records Falsification of relevant records Making false statements under oath during the Chapter 11 process Failure or refusal to comply with a court order during the Chapter 11 process As you can see from these lists, exceptions to dischargeability and successful defenses to discharge in Chapter 11 bankruptcy proceedings are relatively rare. [read post]
31 Jul 2024, 11:54 am
Communicate With Creditors: Be proactive – don’t wait for creditors to start calling. [read post]
31 Jul 2024, 11:32 am
Executors and trustees may need to serve for long periods of time and may need to confront and resolve many complex issues affecting an estate or trust ranging from taxes, creditors’ claims, and other sorts of litigation. [read post]
31 Jul 2024, 10:02 am
Explore other options first: Debt consolidation Negotiating with creditors Credit counseling Debt settlement These alternatives might help you avoid bankruptcy altogether. [read post]
