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6 Nov 2021, 2:39 pm
Chapter 7 bankruptcy cases typically last three to four months and do not require that the debtor make any payments to their creditors. [read post]
5 Nov 2021, 4:42 pm
Hard for Creditors to Find You: If you have an asset in the name of a trust, as discussed above, it may be harder for a creditor to determine where you have assets and difficult to place a judgment lien on the asset since it is not in your name. [read post]
5 Nov 2021, 2:25 pm
LifeBack Law has been protecting Minnesotans from their creditors since 1972 and we can protect you too. [read post]
5 Nov 2021, 6:57 am
Generally, title insurance insures the property against claims by prior owners, creditors, and others that they have a claim to the real estate.Review any exceptions to the title insurance such as the rights of local utilities to access the real estate to make electrical or other necessary repairs. [read post]
5 Nov 2021, 6:30 am
The ‘personal representative shall use the authority conferred by this code, the authority in the will, if any, and the authority of any order of the court, for the best interests of interested persons, including creditors. [read post]
4 Nov 2021, 6:01 am
Creditors lend money to debtors under the presumption that these debts will be repaid. [read post]
3 Nov 2021, 2:16 pm
Most of our clients actually see their score improve, because their debt-to-income ratio instantly improves, and because creditors are required to remove any negative reporting from the credit report. [read post]
3 Nov 2021, 2:08 pm
The medical provider may sue you in the future and win a monetary judgment against you, or it could also result in wage garnishment, a bank levy, or the placing of a lien against your non-exempt property.Medical BankruptcyIf you can’t pay the bill and it appears that the creditor will pursue you for payment, your good credit will suffer since a collection action will appear on your credit report. [read post]
3 Nov 2021, 9:00 am
Court of Appeals for the Sixth Circuit recently ruled in a case involving a Chapter 13 debtors’ attempt to shield contributions to a 401(k) retirement account from “projected disposable income,” therefore making such amounts inaccessible to the debtors’ creditors.[1] For the reasons explained below, the Sixth Circuit rejected the debtors’ arguments. [read post]
3 Nov 2021, 8:16 am
Sutterer, 869 NE 2d 354 – Ill: Appellate Court, 5th Dist. 2007 Furthermore, married people in Illinois, if they buy the home they’ll live in, they are automatically deeded the home as a tenancy by the entirety which further protects the home from creditors. [read post]
3 Nov 2021, 8:15 am
Dykema’s work with debt collectors and the financial services industry informs our ability to maneuver complex FDCPA and creditor rights litigation. [read post]
3 Nov 2021, 6:00 am
Tom has represented debtors, creditors, creditors’ committees, and purchasers of property in bankruptcy and has represented creditors in cases like Enron and Mirant Energy. [read post]
2 Nov 2021, 6:30 pm
Jim’s practice focuses on commercial litigation including a concentration on representation of state court and federal equity receivers, director and officer litigation, financial services representation, lender liability defense and creditors’ rights. [read post]
2 Nov 2021, 5:48 pm
Usually very quickly after the creditor files the request, the court will formally enter a judgment against you in favor of the creditor. [read post]
2 Nov 2021, 12:49 pm
As the Hunton Insurance Recovery Blog noted in its post about this ruling, the underlying claim does provide “another example of different claims that can come out of the pandemic and other adverse events,” noting in particular that D&O policies “may be implicated for future pandemic-related losses for government investigation, insolvency-related claims by creditors, trustees, and other company stakeholders involved in bankruptcy, False Claims Act and qui tam… [read post]
2 Nov 2021, 12:49 pm
As the Hunton Insurance Recovery Blog noted in its post about this ruling, the underlying claim does provide “another example of different claims that can come out of the pandemic and other adverse events,” noting in particular that D&O policies “may be implicated for future pandemic-related losses for government investigation, insolvency-related claims by creditors, trustees, and other company stakeholders involved in bankruptcy, False Claims Act and qui tam… [read post]
2 Nov 2021, 8:49 am
After long negotiations, creditors were offered 55 per cent on the dollar. [read post]
2 Nov 2021, 4:00 am
Compound interest is claimable only in certain defined circumstances namely (a) where parties agree to pay compound interest (b) if the obligation to pay interest is alleged and it is proved that in the circumstances of the agreement (for instance arrear rentals) it is a universal custom in relation to such an agreement (for example a lease) for the creditor to charge compound interest on overdue amounts as a uniformly and universally observed practice throughout South Africa in… [read post]
2 Nov 2021, 4:00 am
Compound interest is claimable only in certain defined circumstances namely (a) where parties agree to pay compound interest (b) if the obligation to pay interest is alleged and it is proved that in the circumstances of the agreement (for instance arrear rentals) it is a universal custom in relation to such an agreement (for example a lease) for the creditor to charge compound interest on overdue amounts as a uniformly and universally observed practice throughout South Africa in… [read post]
1 Nov 2021, 7:07 am
D&O policies in particular may be implicated for future pandemic-related losses for government investigation, insolvency-related claims by creditors, trustees, and other company stakeholders involved in bankruptcy, False Claims Act and qui tam claims, and cyber-related claims from shareholders or customers. [read post]
