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18 Feb 2021, 9:59 am
This means that your debts are no longer enforceable for collections by the creditor. [read post]
18 Feb 2021, 9:53 am
The trust would become irrevocable after your passing, and the principal would be protected from creditors and most litigants. [read post]
18 Feb 2021, 8:37 am
The Florida Supreme Court recently resolved a split in Florida law on the issue of attorney’s fees in favor of consumers, holding that debtors who prevail when a creditor sues under an account stated cause of action instead of for breach of the underlying credit card agreement are entitled to recover attorney’s fees under the so-called “reciprocity provision” of subsection 57.105(7), Florida Statutes. [read post]
18 Feb 2021, 8:37 am
The Florida Supreme Court recently resolved a split in Florida law on the issue of attorney’s fees in favor of consumers, holding that debtors who prevail when a creditor sues under an account stated cause of action instead of for breach of the underlying credit card agreement are entitled to recover attorney’s fees under the so-called “reciprocity provision” of subsection 57.105(7), Florida Statutes. [read post]
18 Feb 2021, 8:12 am
You should also be aware of the following issues that may arise during a short sale: Longer and more complicated closing process - It can often take six months or more to receive approval for a short sale from the current owner’s mortgage lender and other creditors who may have an interest in the property. [read post]
17 Feb 2021, 10:59 am
Citibank was acting as an agent for Revlon, which owed hundreds of millions of dollars to various creditors. [read post]
17 Feb 2021, 10:59 am
MMP also seems miffed that it is not on the OCC, but it has volunteered two other trade creditors to serve in order to change the voting balance to favor trade creditors. [read post]
17 Feb 2021, 9:38 am
The stay is not limited to actions involving creditors attempting to recover debts but also precludes any claim that may result in a judgment against the debtor. [read post]
17 Feb 2021, 8:41 am
“Beneficial owners” do not include (i) individuals acting as nominees, agents, intermediaries, or custodians for an individual; (ii) a person acting solely as an employee of a reporting company and whose control over or economic benefits from the company are derived solely from their employment status; (iii) creditors of the reporting company (unless the creditor meets either the “substantial control” prong or owns or controls 25% or more of the… [read post]
17 Feb 2021, 8:41 am
“Beneficial owners” do not include (i) individuals acting as nominees, agents, intermediaries, or custodians for an individual; (ii) a person acting solely as an employee of a reporting company and whose control over or economic benefits from the company are derived solely from their employment status; (iii) creditors of the reporting company (unless the creditor meets either the “substantial control” prong or owns or controls 25% or more of the… [read post]
17 Feb 2021, 7:38 am
“A Crazy Debt Repayment Rule Just Cost Revlon $900 Million; Laws letting creditors keep mistaken payments are outdated”: Law professor Noah Feldman has this essay online at Bloomberg Opinion. [read post]
17 Feb 2021, 4:45 am
Chapter 13 gives people a way to restructure their finances while being able to retain their home, their car, and other assets that would otherwise have to be turned over to creditors. [read post]
16 Feb 2021, 8:33 pm
You will have no contact with your creditors under chapter 13 protection. [read post]
16 Feb 2021, 8:33 pm
You will have no contact with your creditors under chapter 13 protection. [read post]
16 Feb 2021, 1:45 pm
Because creditors can object to the discharge of NEW debts in bankruptcy. [read post]
16 Feb 2021, 1:00 pm
Raleigh, NC Business, Construction, & Creditor's Rights AttorneysVaried backgrounds and expertise of dedicated attorneys and staff providing clients with effective and efficient legal advice and representation throughout North Carolina. [read post]
16 Feb 2021, 10:58 am
The ECOA makes it “unlawful for any creditor to discriminate against any applicant, with respect to any aspect of a credit transaction on the basis of race, color, religion, national origin, sex or marital status, or age (provided the applicant has the capacity to contract). [read post]
16 Feb 2021, 12:55 am
A low credit utilization indicates that you’ll pay whatever amount you borrow, which is a good sign for creditors. 2. [read post]
15 Feb 2021, 7:30 pm
Most often, it is from a creditor seeking a money judgment, which that creditor can then use to garnish their wages. [read post]
15 Feb 2021, 10:59 am
In Iowa, state and federal wage garnishment laws will apply to both you and the creditor. [read post]
