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3 Jun 2021, 5:29 am
So there is fierce competition between the courts, and this injunction deform statute won't stop the race to the bottom.Fourth, the principle of good faith doesn't help anyone as it doesn't have to be stated to apply to any creditor-debtor situation, including tort creditors and debtors like here.Fifth, the defendant may have paid a fortune to an expert (which doesn't even count as a witness in German proceedings) to establish a major hardship, but the… [read post]
3 Jun 2021, 3:19 am
So, like the automatic stay prevents other creditors from collecting once a bankruptcy case is filed, the utility services cannot be shut off either for a consumer filing bankruptcy. [read post]
2 Jun 2021, 4:28 pm
The automatic stay is the court order addressed to all the creditors when a bankruptcy is filed telling them to stop all collection efforts. [read post]
2 Jun 2021, 1:14 pm
and share with readers that my new short article, Clearinghouse Shareholders and "No Creditor Worse Off Than in Liquidation" Claims is now available! [read post]
1 Jun 2021, 7:51 pm
Creditors are paid first according to a statutory order of priority. [read post]
1 Jun 2021, 12:37 pm
In agricultural finance, it is common for creditors to obtain an interest in a farmer’s crop insurance payments to secure a... [read post]
1 Jun 2021, 9:28 am
The summons is accompanied by the complaint, which details the allegations the creditor is making against you. [read post]
1 Jun 2021, 9:22 am
Clarifying that such a write-down can extend to all unsecured creditors. [read post]
1 Jun 2021, 8:45 am
Also, the fair market value of the property and any encumbrances including liens placed on the property by creditor must be disclosed. [read post]
1 Jun 2021, 7:50 am
It's a completely different animal than a collection lawsuit brought directly by the original creditor. [read post]
1 Jun 2021, 6:43 am
If the creditor filed a facially sufficient claim, the estate can test its merits by filing an “objection,” which then obligates the creditor to file an “independent action” in the Civil Division. [read post]
1 Jun 2021, 6:32 am
A debt is not deemed to be due until the creditor has knowledge of the identity of the debtor and the facts from which the debt arises. [read post]
1 Jun 2021, 6:00 am
In a statement, the organization said: ““We want to underscore that local councils are legally separate, distinct, and financially independent from the national organization… Additionally, the data included in these filings is not necessarily indicative of the assets available for contribution to the trust… Local councils are thoughtfully considering how they can meaningfully contribute to the trust and ensure that Scouting can continue its vital mission in their… [read post]
31 May 2021, 7:43 am
If you are hiding assets from creditors, that’s a plus (for you, not the creditors). [read post]
31 May 2021, 7:11 am
If you don’t, the creditor will apply for a default judgment. [read post]
30 May 2021, 10:08 am
If you don't answer the lawsuit, the creditor will win the case automatically without a court hearing. [read post]
29 May 2021, 11:16 am
The creditor bears the burden of showing that the use of the card was authorized and the creditor probably can't meet its burden of proof by merely submitting billing statements and asserting the cardholder never objected to them.Bad defense: No signed contractIn credit card cases, creditors typically don't have to produce a signed contract to win the case. [read post]
28 May 2021, 3:33 pm
Of course, there's no way to tell for sure whether or when you'll need nursing home treatment, so giving presents to your loved ones ahead of time protects the money from creditors looking to recover after your death. | O'Flaherty Law - Learn About Law Legal Articles, Videos & Podcasts with O'Flaherty Law [read post]
28 May 2021, 11:04 am
Creditors write their Requests for Admission carefully so that if the consumer doesn't respond to them, they will end up admitting each element of the creditor's claims. [read post]
27 May 2021, 10:28 am
If you are considering bankruptcy and expect a refund for your 2020 taxes, you should talk with a lawyer about any amount you expect to receive this year because even if the money is not in your pocket the bankruptcy trustee can take that money from you to pay your creditors once you have filed. [read post]
