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7 Oct 2021, 9:17 am
If not, consider abandoning the over-encumbered asset, after providing notice to the creditor. [read post]
7 Oct 2021, 7:31 am
In view of these new explicit due diligence requirements, creditors should reconsider their initial response strategy by impressing upon trustees the risk of filing a preference lawsuit before reviewing available documents and other evidence that may readily reveal viable defenses for potential defendants. [read post]
7 Oct 2021, 6:28 am
We look at the issues creditors and debt collectors should be considering in preparation for the surge in delinquencies that is expected to occur once consumers are required to fully resume making payments that had been suspended or reduced during the pandemic, including: operational and compliance considerations arising from increased delinquencies, likely sources of regulatory scrutiny, and potential compliance issues that could cause a regulator to initiate enforcement. [read post]
7 Oct 2021, 5:49 am
If there is anything owed on the account, the creditor will want it paid in full before the account will be closed. [read post]
7 Oct 2021, 5:49 am
If there is anything owed on the account, the creditor will want it paid in full before the account will be closed. [read post]
6 Oct 2021, 9:21 pm
This stay prevents your creditors from pursuing any further collection activity, including lawsuits or garnishments. [read post]
6 Oct 2021, 3:13 pm
Frequently, creditor groups will organize and hire counsel as soon as they suspect financial trouble, and it is best if the company assembles its own experienced team of legal advisors to meet creditors’ counsel head-on. [read post]
6 Oct 2021, 3:13 pm
Frequently, creditor groups will organize and hire counsel as soon as they suspect financial trouble, and it is best if the company assembles its own experienced team of legal advisors to meet creditors’ counsel head-on. [read post]
6 Oct 2021, 12:12 pm
Spendthrift Clause A provision of a trust agreement that protects the trust property from some of the beneficiaries’ creditors. [read post]
6 Oct 2021, 8:40 am
But if you have multiple creditors it will be difficult to negotiate debt forgiveness with each of them. [read post]
6 Oct 2021, 8:11 am
The long list of creditors will also need strong legal representation for claims. [read post]
6 Oct 2021, 7:58 am
Accordingly, in a Chapter 13 bankruptcy proceeding, the bankruptcy court and the bankruptcy trustee are there to ensure that the debtor is treating his or her creditors fairly and that he or she is complying with the Chapter 13 Plan. [read post]
6 Oct 2021, 7:43 am
Debt collectors purchase debt from original creditors for pennies on the dollar and then attempt to collect the debts. [read post]
6 Oct 2021, 5:53 am
And although creditors do have certain rights regarding collections, their behavior is controlled by... [read post]
5 Oct 2021, 11:49 am
This is different from a Chapter 7 bankruptcy, in which the debtor’s assets are collected and used to pay creditors, while any remaining debt is immediately discharged [read post]
5 Oct 2021, 11:49 am
This is different from a Chapter 7 bankruptcy, in which the debtor’s assets are collected and used to pay creditors, while any remaining debt is immediately discharged [read post]
5 Oct 2021, 7:41 am
This blog was co-authored by: Anika de Kock, associate and Zinhle Mdluli, candidate attorney The doctrine of subrogation literally means the substitution of one party for another as creditor. [read post]
4 Oct 2021, 6:24 am
Under a German law “assignment” only the rights under an agreement are assigned, not the obligations of the creditor. [read post]
4 Oct 2021, 2:53 am
This means that creditors and debtors cannot collect your money, call you about the debts, or even send you a letter. [read post]
4 Oct 2021, 12:15 am
Washington Post, The Pandora Papers | A Global Investigation | Billions Hidden Beyond Reach: A massive trove of private financial records shared with The Washington Post exposes vast reaches of the secretive offshore system used to hide billions of dollars from tax authorities, creditors, criminal investigators and — in 14... [read post]
