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24 Nov 2017, 6:00 pm by Gerry W. Beyer
Direct contests, property ownership challenges, and creditor claims are the three scenarios in which no-contest clauses are enforced in California courts. [read post]
25 Nov 2011, 3:51 pm by By MICHAEL J. DE LA MERCED
., has been asked to oversee MF Global's responses to federal investigators and push for speedy payouts to creditors. [read post]
31 May 2013, 8:00 am by Trusts EstatesProf
A few state legislatures have constructed asset protection trust statutes that permit a grantor to create a trust that is shielded from the grantor’s creditors even though the grantor is be a beneficiary.The states with these statues include Nevada, Alaska,... [read post]
2 Jul 2007, 2:40 pm
A share of the assets subject to a floating charge is reserved for distribution to unsecured creditors in priority to the chargeholder in an administration, liquidation or receivership (s176A Insolvency Act 1986 - see below). [read post]
25 Feb 2009, 4:58 am
More than 1 million households would benefit from seeking protection from creditors under a proposed law that would let bankruptcy judges modify mortgage terms [read post]
16 Dec 2014, 2:00 pm by Legal Skills Prof
From JDJournal: Earlier this year, Thomas Jefferson School of Law missed a payment to creditors that had financed construction at the school. [read post]
6 Mar 2024, 6:20 am by Jon Alper
A bulletproof trust is an irrevocable trust that prevents any creditor remedy from getting trust assets. [read post]
19 May 2024, 8:46 am by Gideon Alper
Florida debt collection laws are governed by the Florida Consumer Collection Practices Act (FCCPA), which prohibits debt collectors and creditors from using certain types of abusive, deceptive, and misleading... [read post]
28 Mar 2014, 10:40 am by Legal Profession Prof
Opening with a rhetorical question, the Iowa Supreme Court dismissed with prejudice a bar disciplinary matter How far can a lawyer go to assist a client in preserving assets from a potential creditor? [read post]
13 Oct 2014, 4:00 pm by Gerry W. Beyer
In June, the United States Supreme Court ruled that an inherited IRA is no longer a retirement account and is not protected from creditors under federal bankruptcy law. [read post]
26 Feb 2015, 4:27 pm by Danny Jacobs
Lewis, the former prominent personal injury lawyer who agreed to disbarment in September, owes various creditors approximately $1.3 million, according to court records. [read post]
19 Dec 2007, 5:14 am
I wonder why nobody thought of this before: "Creditors would be prohibited from…extending credit without considering borrowers' ability to repay... [read post]
21 Oct 2010, 12:00 pm by By THOMAS KAPLAN
Icahn offered on Thursday to buy senior debt from creditors of Metro-Goldwyn-Mayer in return for their voting against a proposed deal with Spyglass Entertainment. [read post]
20 Jun 2011, 11:47 am by Bankruptcy Prof
"A bankruptcy trustee is searching for 80 pieces of artwork once owned by a Dickson retirement plan manager who was sent to jail for embezzlement in the hopes of recovering money for his creditors. [read post]
13 Jan 2011, 4:18 pm by buslawblogger
Harner and Jamie Marincic have posted Behind Closed Doors: The Influence of Creditors in Business Reorganizations on SSRN with the following abstract: General corporate law delegates the power to manage a corporation to the board of directors. [read post]
2 Jun 2013, 4:00 am by Trusts EstatesProf
As I have previously discussed,a few state legislatures have constructed asset protection trust statutes that permit a grantor to create a trust that is shielded from the grantor’s creditors even though the grantor is be a beneficiary. [read post]
29 Apr 2013, 8:00 am by Trusts EstatesProf
As I have previously discussed, problems have emerged for Arline Grant, whose husband established two Foreign Asset Protection Trusts to shield their assets from creditors. [read post]