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14 May 2012, 10:34 am
Guy has been working on the Hidden Liens Project with the Commercial Transactions Committee of the Business Law Section of the State Bar of California, and he prepared a bulletin about a troublesome hidden lien that tends to surface when we close down an operating company for a secured creditor. [read post]
A group of eleven Republican Senators who are members of the Senate Banking Committee have sent a letter to CFPB Director Rohit Chopra and Attorney General Merrick Garland to urge the CFPB and DOJ to retract the joint statement the agencies issued last month regarding “the potential civil rights implications of a creditor’s consideration of an individual’s immigration status under the Equal Credit Opportunity Act (ECOA). [read post]
9 Feb 2007, 7:50 am
On Jan. 31, his company’s $9.8 billion bid for Delta Air Lines was rejected by its bankrupt rival’s committee of creditors. [read post]
  The conditions for the safe harbor are that the creditor on the loan is a depository institution that has informed the mortgage originator that it intends to retain the loan in portfolio for the life of the loan and the originator informs the consumer that the creditor intends to do so. [read post]
A bill to provide a “Madden fix” and three other bills relevant to mortgage lenders were included among the more than 20 bills approved by the House Financial Services Committee on November 15, 2017. [read post]
18 Mar 2024, 10:00 pm by Sherica Celine
CreditorsCommittee Objections See this discussion of common creditorscommittee objections in Chapter 11 bankruptcy cases. [read post]
  While the creditor would need to consider and document the debt, income and financial resources of the consumer, it would not have to follow Appendix Q to the ability to repay rule. [read post]
13 Sep 2018, 8:45 am by Malgorzata Pawska
  Written by Jay Adkisson, a nationally-recognized expert on charging orders, with input from members of the Business Law Section’s LLCs, Partnerships and Unincorporated Entities Committee, The Charging Orders Practice Guide will help you understand the complexities of this area of the law. [read post]
6 Dec 2010, 11:30 am by John Sirman
The bill has been referred to the House Committee on Financial Services. [read post]
  On May 25, Congressman Dan Kildee (D-Michigan) referred a bill to the House Committee on Armed Services titled the “Transparency in Military Lending Act of 2017. [read post]
23 Apr 2009, 5:40 am
From the point of view of the creditors, you should be paying creditors before you give away dough; another way creditors look at it is that you're giving away their dough, which is sometimes accurate. [read post]
30 Nov 2012, 7:54 am by Nicole Mazzocco
In Angelucci v Dart Properties Inc, the Court of Appeals reluctantly reversed the trial court’s order granting the defendant’s motion to change venue to Macomb County in this multiclaim landlord-tenant dispute, following Provider Creditors Committee v United American Health Care Corp, 738 NW2d 770 (Mich Ct App, 2007). [read post]
28 May 2011, 10:53 pm
The committee of creditors has three main gripes with respect to the debtor's administration of the case so far. [read post]
14 Jul 2010, 4:10 pm by Randall Reese
 The Creditors' Committee's motion asserts that a "neutral and independent fiduciary" is necessary because "the Debtors have placed the interests of insiders above maximizing value of these estates" and the Creditors' Committee "has lost all confidence in the Debtors. [read post]
24 Feb 2019, 11:16 am
A similar bill from last year failed to make it out of committee, but lawmakers have outlined several goals that they believe will protect debtors: Requiring all court summons for a debt collection lawsuit to include a debtor’s “bill of rights”; Reducing the time in which a creditor can revive a judgment against a debtor to five years; Lowering the annual interest rate on debt judgments less than $25,000 to two percent; and Raising the value of the exemptions… [read post]
24 May 2018, 11:50 am
The bills are all stalled at the committee level, putting their future in doubt. [read post]