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6 Jan 2022, 3:02 am
In some states, tenancy by the entirety offers married couples creditor protection from the creditors of one of the spouses (with a possible exception for federal tax liens) while still preserving relevant tax benefits. [read post]
5 Jan 2022, 8:45 am
The original farmland owner assigned his statutory right of redemption to Sue Ann Dougan, his new creditor. [read post]
4 Jan 2022, 4:38 pm
The creditor can only freeze what is in the account. [read post]
4 Jan 2022, 7:00 am
After initiating a probate proceeding and receiving Court authorization to act on behalf of the estate, an executor has a duty to collect, inventory, and manage the property of the estate; pay the valid claims of creditors and tax collectors; pursue any debts owed to the estate; anddistribute the remaining assets to testator’s beneficiaries as instructed in the Will. [read post]
4 Jan 2022, 7:00 am
After initiating a probate proceeding and receiving Court authorization to act on behalf of the estate, an executor has a duty to collect, inventory, and manage the property of the estate; pay the valid claims of creditors and tax collectors; pursue any debts owed to the estate; anddistribute the remaining assets to testator’s beneficiaries as instructed in the Will. [read post]
4 Jan 2022, 5:23 am
Once your case closes, those creditors can take collection actions against you. [read post]
4 Jan 2022, 2:59 am
In addition, trust planning can protect assets from a beneficiary’s irresponsible spending, creditors, medical crises, lawsuits, and divorce proceedings, allowing the assets to remain within the family for generations to come. [read post]
3 Jan 2022, 10:14 pm
Some of these debts may be subject to denial or successfully objected by the creditor. [read post]
3 Jan 2022, 2:13 pm
The objective is to avoid punishing the other subsidiaries that did not do any harm to the creditor. [read post]
3 Jan 2022, 10:41 am
In turn, that CRA must then notify the creditor that supplied the incorrect information. [read post]
3 Jan 2022, 7:38 am
In any mortgage, the debtor is the mortgagor, and the creditor is the mortgagee. [read post]
3 Jan 2022, 7:38 am
In any mortgage, the debtor is the mortgagor, and the creditor is the mortgagee. [read post]
3 Jan 2022, 5:30 am
Occasionally debtors will find themselves in a situation where they are continuously being hounded by creditors. [read post]
3 Jan 2022, 12:58 am
With Unpaid Company Creditors, All the More Reason to Police Direct Claims. [read post]
2 Jan 2022, 5:00 pm
If the creditors don’t get paid, the surety company will make payment. [read post]
31 Dec 2021, 8:14 pm
The surviving spouse immediately discontinued the automatic payments to the prior wife, but paid other creditors. [read post]
30 Dec 2021, 8:28 am
Outside reverse piercing is permissible in the context of a limited liability company because, unlike a corporation, a limited liability company does not issue shares on which a creditor may levy and creditors do not have sufficient alternative remedies at law. [read post]
30 Dec 2021, 5:17 am
This includes unsecured creditors such as credit card lenders. [read post]
29 Dec 2021, 12:00 pm
As long-time readers of this blog know, one of the long-range concerns in the D&O insurance industry is the possible exposures of corporate directors and officers to liability claims arising from climate change (as discussed most recently here). [read post]
29 Dec 2021, 9:56 am
Once the consumer notifies the creditor about billing problems (which must typically be brought to the creditor’s attention within 60 days of when they appear on a monthly statement), the creditor must send a written acknowledgment and investigate the situation. [read post]