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14 Oct 2021, 8:00 am
Autopay allows money to be sent from a person’s bank account to the creditor on a given each month without fail. [read post]
14 Oct 2021, 7:40 am
Coauthors Sahrish K. [read post]
14 Oct 2021, 4:00 am
This doesn’t necessarily mean that creditors will get nothing simply because the debtor files for bankruptcy. [read post]
13 Oct 2021, 11:32 am
Although there are some instances in which some of your income or assets could be used to pay debts to creditors as part of your bankruptcy filing; they won’t take everything you have. [read post]
13 Oct 2021, 10:40 am
However, the notice protects the IRS against competing creditors, such as purchasers, security interest holders, mechanic lienholders, and judgment creditors. [read post]
13 Oct 2021, 12:00 am
With an LLC structure, members’ personal assets are protected from the LLC’s creditors. [read post]
13 Oct 2021, 12:00 am
With an LLC structure, members’ personal assets are protected from the LLC’s creditors. [read post]
12 Oct 2021, 8:59 am
This is a quick post to recommend that the bankruptcy world read Unsettled for at least the five following reasons: Creditor versus creditor, with some twists. [read post]
12 Oct 2021, 8:59 am
This is a quick post to recommend that the bankruptcy world read Unsettled for at least the five following reasons: Creditor versus creditor, with some twists. [read post]
12 Oct 2021, 7:11 am
You will stop paying the creditor. [read post]
12 Oct 2021, 6:25 am
The overriding goal of probate is to convey the decedent’s assets to whom they wanted, how they wanted, and free and clear of creditor claims. [read post]
11 Oct 2021, 10:53 pm
Of course, some secured creditors want you to sign a reaffirmation agreement. [read post]
11 Oct 2021, 8:35 am
In exchange, you must surrender non-exempt property which the bankruptcy trustee will sell and use the funds to pay your unsecured creditors. [read post]
11 Oct 2021, 8:27 am
Your mortgage creditor is prohibited by the Court from moving forward with foreclosure once the case has been filed. [read post]
11 Oct 2021, 8:00 am
With a replevin lawsuit, the court provides the creditor an order from the court requiring you to give back the collateral to the creditor. [read post]
10 Oct 2021, 6:28 am
It takes a 75% vote of its creditors (in principal amount) for there to be a debt reduction that binds all of the creditors. [read post]
10 Oct 2021, 6:28 am
It takes a 75% vote of its creditors (in principal amount) for there to be a debt reduction that binds all of the creditors. [read post]
8 Oct 2021, 1:10 pm
Please note, the original creditor usually gets paid nothing when a debt collector gets paid off. [read post]
8 Oct 2021, 8:50 am
But, these offshore accounts, anonymous shell companies, and trusts can provide a means to evade taxes, launder ill-gotten funds, and conceal assets from law enforcement, creditors, and others. [read post]
7 Oct 2021, 10:39 am
For example, (i) transferring assets to a Florida Community Property Trust could result in significant changes to property rights during life, in the event of divorce, and at death, (ii) there could be more exposure to creditor claims as compared to other forms of ownership, (iii) built-in capital loss property could receive a step down in basis and (iv) the step up in basis could be eliminated by a change in the tax laws (which has been proposed by the Biden administration). [read post]
