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17 Mar 2024, 9:01 pm
Chamber of Commerce A broad range of banks expressed concerns ─ Mid-size banks, who would be subject to the Proposal, and small banks alike commented ─ Both publicly-traded and privately-traded banks were well represented Concerns about new fiduciary duties Many commenters raised concerns about the Proposal’s requirement that boards consider the interests of all stakeholders, including “shareholders, depositors, creditors, customers, regulators, and the… [read post]
16 Mar 2024, 7:21 am
Asset Protection If you have concerns about potential creditors coming after your hard-earned money while you are alive or creditors or ex-spouses taking the inheritance of your beneficiaries (spouse, children, loved ones, etc.) after your death, you will need an estate plan that has been specifically crafted to protect your life savings from potential creditor claims and legal challenges. [read post]
15 Mar 2024, 1:37 pm
It does not affect title or the interests of your secured creditors, and therefore does not constrain your ability to sell, mortgage, or transfer the property as you see fit during your lifetime. [read post]
15 Mar 2024, 10:49 am
How Will the Company’s Creditors React to a Second Chapter 11 Filing? [read post]
15 Mar 2024, 8:41 am
” The statute does not define the term directly, though it does specify that it includes “the debtor, the trustee, a creditors’ committee, [and] a creditor. [read post]
15 Mar 2024, 4:57 am
Probate lawyers often mediate disputes and serve as a point of contact for beneficiaries, creditors, and other parties with interests in order to reduce delays and speed up the probate process. [read post]
14 Mar 2024, 9:23 am
There are also many types of irrevocable trusts which can offer benefits like reducing estate taxes and creditor protection. [read post]
14 Mar 2024, 9:20 am
If there is sufficient equity in the property, the Trustee will probably sell it for the benefit of creditors or settle with the Wife for the estate’s interest in the equity. [read post]
14 Mar 2024, 4:05 am
From the ABA Journal: An Iowa lawyer has received a two-year suspension for helping a client hide money from creditors and for "furtively" inserting a provision into a custody agreement. [read post]
13 Mar 2024, 9:05 pm
Advocates of the privilege view argue that, even if contractual creditors would agree to make their claims non-recourse, they would do so only in exchange for an appropriate increase in the prices they charge the corporation; for involuntary creditors, there is no analogue. [read post]
13 Mar 2024, 12:58 pm
Some may argue that by reflecting the brand as ZERO they deter potential creditors from seeking to bankrupt the company and secure the trade marks or other IP at auction at some time in the future, but this is misguided. [read post]
13 Mar 2024, 10:41 am
Notification of Creditors: After being appointed, the personal representative must notify all known creditors of the estate. [read post]
13 Mar 2024, 8:37 am
The asset protection trust keeps your money out of the hands of creditors, which can be beneficial if you owe a debt to one or multiple parties. [read post]
13 Mar 2024, 12:15 am
The trustee claimed that California's relationship was more significant because of the location of the corporation's property, the number of California agencies that are creditors, and the existence of a multimillion dollar judgment for environmental violations in California. [read post]
13 Mar 2024, 12:00 am
Notifying beneficiaries and creditors of your estate. [read post]
12 Mar 2024, 6:06 pm
This process, known as garnishment, legally obligates your employer to comply with the creditor’s request. [read post]
12 Mar 2024, 1:19 pm
Firms will be required to report assets under management, withdrawal and redemption rights, gross and net asset values, inflows and outflows, borrowings and types of creditors, and fund performance. [read post]
12 Mar 2024, 7:50 am
Meeting of Creditors A critical stage in the bankruptcy process is the meeting of creditors, often referred to as the 341 meeting. [read post]
11 Mar 2024, 6:48 pm
There can be unintended tax consequences, creditor and liability exposure for the child, challenges with distribution to other heirs after the parent's death, and more. [read post]
11 Mar 2024, 9:48 am
Creditors of an individual spouse cannot. 4. [read post]
