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5 Mar 2024, 6:31 am
Posted by Albert H. [read post]
5 Mar 2024, 6:00 am
Chapter 13: This is a reorganization bankruptcy, where debtors propose a repayment plan to pay creditors over three to five years. [read post]
4 Mar 2024, 5:56 pm
Pix credit here In a 53 page opinion, the United States District Court for Northern Alabama has ruled, in National Small Business Association v. [read post]
4 Mar 2024, 12:58 pm
All debt incurred during marriage is considered marital property unless the creditor only considered separate property of one spouse for repayment. [read post]
4 Mar 2024, 11:54 am
A creditor might even come forward and ask to serve as the administrator. [read post]
2 Mar 2024, 2:28 pm
Unless you share it openly, there is no reason for most people in your social circle to know about your bankruptcy unless they are a creditor of yours or searching the court records. [read post]
2 Mar 2024, 9:00 am
They offer unique asset protection most states do not, and prevent most creditors from levying against a debtor’s home so long as that home qualifies as a homestead. [read post]
2 Mar 2024, 8:18 am
If you pay significant sums to a creditor with an old debt, the creditor may have to give the money back; but there’s no consequence to you. [read post]
1 Mar 2024, 1:17 pm
In our latest eBook, Wealth Protection and Peace of Mind: A Comprehensive Guide to Estate Planning for Business Owners and Family Providers, you’ll get our insights into: A general overview of the importance of estate planning and family wealth preservation, including the risks of not having a comprehensive estate plan, how families can lose their inherited wealth, and how estate planning ensures that your assets are protected and distributed in the best interests of your children and future… [read post]
1 Mar 2024, 3:00 am
Bankman-Fried’s attorneys have responded with a 90-page sentencing memorandum, arguing that Bankman-Fried is a selfless philanthropist at heart; that there are no victims of his crimes because it now appears that there were sufficient assets in FTX to pay all customers and creditors; and that a proper application of the Guidelines calls for a sentence of approximately 6 years but that given various mitigating circumstances, “a sentence that returns [Bankman-Fried] promptly to a… [read post]
29 Feb 2024, 10:18 am
For secured debts, the debtor usually has the option to surrender the collateral, restructure the debt through a repayment plan, or redeem the collateral by paying its current value to the creditor. [read post]
29 Feb 2024, 10:00 am
Executors must inform creditors of the death and negotiate payments to settle all liabilities before the distribution of remaining assets. [read post]
29 Feb 2024, 10:00 am
Executors must inform creditors of the death and negotiate payments to settle all liabilities before the distribution of remaining assets. [read post]
29 Feb 2024, 8:52 am
If a claim is made, the trustee must negotiate with the creditor to settle the debt. [read post]
29 Feb 2024, 6:52 am
., avoiding creditors) and that the name change does not interfere with any ongoing legal matters (such as criminal or custody proceedings). [read post]
29 Feb 2024, 6:48 am
If the creditor’s underlying claim is invalid, then no relief is warranted. [read post]
29 Feb 2024, 5:32 am
If the deceased did not have enough assets to pay off the debts, the creditors may require a sale of the assets of the estate to address the debt, but that’s it. [read post]
28 Feb 2024, 9:05 pm
More than 90 days before its bankruptcy, the drawer delivered the check to one of its creditors. [read post]
28 Feb 2024, 10:59 am
At Apple Payne Law, we can help executors to: Accurately interpret and file the will with the Clerk of Court for probate Inventory assets and create estate accountings Communicate properly with all beneficiaries Ensure accurate valuation and valid distribution Help resolve creditor claims or conflicts between beneficiaries if they emerge Provide reliable guidance on meeting court and paperwork filing requirements Handle the sale of property, investments, or transfer of assets if required… [read post]
28 Feb 2024, 9:32 am
This meeting is a chance for the trustee in your case and any creditors to ask questions. [read post]
