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30 Oct 2021, 9:00 pm
Before, it enabled collective creditor remedies against merchant debtors; after, it provided relief to insolvent debtors threatened by economic oppression. [read post]
30 Oct 2021, 3:06 am
Additional provisions can be added to the trust to increase protections against creditors, divorcing spouses, and predators, and to ensure that the trust beneficiary benefits from the money. [read post]
29 Oct 2021, 3:02 pm
Clients are often surprised that creditors may put a lien on their homestead property, thinking because its homestead, it is protected against creditors. [read post]
29 Oct 2021, 9:47 am
The creditor has the burden of showing nondischargeability by a preponderance of the evidence; the relevant exception is § 523(a)(6), which excepts from discharge any debt “for willful and malicious injury by the debtor to another entity or to the property of another entity. [read post]
29 Oct 2021, 7:00 am
L’etat est moi loses its charm if one is a creditor worried about being paid back. [read post]
29 Oct 2021, 5:38 am
Neither the appellant nor the defendant were listed as creditors in the debtor’s debt schedules or involved in the bankruptcy in any way. [read post]
29 Oct 2021, 3:30 am
When a creditor is owed a debt by the bankruptcy filer and the bankruptcy filer is owed a debt from the creditor and consequently creating a mutual obligation, the creditor can setoff the mutual debt. [read post]
28 Oct 2021, 3:00 pm
“The Washington Post and other news organizations exposed the involvement of political leaders, examined the growth of the industry within the United States and demonstrated how secrecy shields assets from governments, creditors and those abused or exploited by the wealthy and powerful. [read post]
28 Oct 2021, 3:00 pm
“The Washington Post and other news organizations exposed the involvement of political leaders, examined the growth of the industry within the United States and demonstrated how secrecy shields assets from governments, creditors and those abused or exploited by the wealthy and powerful. [read post]
28 Oct 2021, 2:52 pm
Alternatively, in a chapter 7 case, the bankruptcy discharge normally automatically occurs 60 days from the date of the creditor’s meeting (a.k.a. the “341 meeting”). [read post]
28 Oct 2021, 6:45 am
You will each be responsible for repaying joint debts, and even if certain debts are allocated to one spouse, creditors may seek repayment from both spouses. [read post]
27 Oct 2021, 8:09 pm
The old owner is nowhere to be found and likely collected from multiple creditors leaving the new owner with credits that were reflected in the sale price of the supply business. [read post]
26 Oct 2021, 1:42 pm
When it comes to federal taxes, a creditor-debtor relationship is created between the IRS and the taxpayer. [read post]
26 Oct 2021, 6:27 am
Bankruptcy and Your Credit Since filing bankruptcy involves discharging debts and offering creditors less than the actual amount owed, the bankruptcy obviously does have a negative impact on your credit score. [read post]
26 Oct 2021, 12:31 am
Section 96(a)(i) of the FMA provides that the FSCA may, in order to achieve the objects of the FMA, apply for the winding-up of a respondent under section 81 of the Companies Act of 2008, as if it were a creditor of the respondent. [read post]
25 Oct 2021, 3:00 pm
“The Washington Post and other news organizations exposed the involvement of political leaders, examined the growth of the industry within the United States and demonstrated how secrecy shields assets from governments, creditors and those abused or exploited by the wealthy and powerful. [read post]
25 Oct 2021, 12:42 pm
Often, the tax consequences must be carefully balanced against the plan owner’s desire to protect the proceeds of the plan from the risks associated with potential lawsuits, divorces, bankruptcies, or other creditors of the beneficiaries. [read post]
25 Oct 2021, 7:46 am
If the PR knows the name and address of a creditor, the PR must mail notice to the creditor. [read post]
25 Oct 2021, 7:46 am
If the PR knows the name and address of a creditor, the PR must mail notice to the creditor. [read post]
25 Oct 2021, 2:04 am
It applies to those who have debts with foreign creditors. [read post]
