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26 Mar 2024, 7:50 am
This responsible usage demonstrates to creditors that you can manage credit effectively. [read post]
26 Mar 2024, 5:46 am
A trust attorney assists in safeguarding your assets from creditors and facilitating their transfer to your heirs as per your desires. [read post]
26 Mar 2024, 12:00 am
Asset Protection Trusts Asset protection trusts (APTs) are a popular way to protect your assets from potential creditors. [read post]
25 Mar 2024, 10:00 pm
Liquidation Analysis: Best Interest of Creditors Test See this practice note when drafting the liquidation analysis for purposes of the best interest of creditors test. [read post]
23 Mar 2024, 5:29 pm
by Salih Okur (University of Augsburg) On 8 and 9 March, scholars from more than a dozen different jurisdictions followed the invitation of Tobias Lutzi to discuss recent trends in punitive damages at the University of Augsburg, Germany. [read post]
22 Mar 2024, 11:55 am
When you file for bankruptcy, an automatic stay is imposed, meaning creditors cannot pursue collections from you. [read post]
22 Mar 2024, 5:33 am
Negotiating with Creditors We can negotiate with your creditors on your behalf to try and work out a deal to keep your car. [read post]
21 Mar 2024, 2:04 pm
A lot of the debtor-creditor relationship can be characterized by creditors threatening to push debtors out the window and debtors threatening to jump. [read post]
21 Mar 2024, 10:25 am
If you are considering this idea, I have one word of advice.Don’t.Such a move could backfire in a number of ways, from limiting your ability to take advantage of planning strategies such as reverse mortgages, to making your children responsible for paying taxes on the increased value of the home when they inherit it, to exposing your home to your children’s creditors or divorces.Instead, a properly designed trust will streamline the distribution of estate assets to your loved… [read post]
21 Mar 2024, 9:57 am
Depositor hierarchy MEPs also introduced a modification in the ranking of creditors, which should make the deposit guarantee schemes (DGS) and the single resolution fund more accessible in the funding of resolution. [read post]
21 Mar 2024, 9:18 am
In these statutes you will find the requirements of a valid will, will disputes or contests, creditor claims against an estate, and what happens when a person dies without a will. [read post]
21 Mar 2024, 7:48 am
You want to protect your property from creditors Assets held in a special needs trust may enjoy some level of protection from creditors. [read post]
21 Mar 2024, 6:49 am
The trust also protects the business from your children’s creditors and spouses. [read post]
21 Mar 2024, 3:00 am
The debtor made false statements at their 341 Meeting of Creditors. [read post]
21 Mar 2024, 12:00 am
Meanwhile, creditors are individuals or businesses to whom money is owed. [read post]
21 Mar 2024, 12:00 am
Here’s how to optimize your estate plan in California: Creditor Protection: California has specific laws governing creditor claims, making it essential to structure trusts to shield assets from potential creditors. [read post]
20 Mar 2024, 9:06 pm
Serve all the creditors in a timely fashion As soon as a debtor files for bankruptcy, the debtor or their attorney must notify all of their creditors of the bankruptcy. [read post]
20 Mar 2024, 9:05 pm
By design, these transactions increase uncertainty and siphon value away from senior creditors to other preferred stakeholders. [read post]
20 Mar 2024, 11:24 am
Making a creditor unimpaired is certainly important, but it has specific defined statutory consequences – the creditor is treated as voting for the plan and so when it comes to counting votes, the creditor cannot vote against the plan even if it hates it (like the insurance company here). [read post]
20 Mar 2024, 9:43 am
You want to protect your assets from future creditors or lawsuits. [read post]
