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28 Dec 2020, 2:24 pm
However, H.R. 133 makes EIPs completely exempt from garnishment by creditors. [read post]
28 Dec 2020, 11:15 am
” We have seen a significant increase in creditor interest in SPCPs in 2020, and we believe the Bureau has become aware of this interest and wishes to make it easier for creditors to translate that interest into real-world programs. [read post]
28 Dec 2020, 8:36 am
The second final rule creates a new category called “Seasoned QMs” for first-lien, fixed-rate covered transactions that have met certain performance requirements, are held in portfolio by the originating creditor or first purchaser for a 36-month period, comply with general restrictions on product features and points and fees, and meet certain underwriting requirements. [read post]
27 Dec 2020, 10:59 am
The trustee takes this money and then divides it among all of your creditors who filed a timely proof of claim form. [read post]
26 Dec 2020, 11:28 am
These groups cannot include the recipient, the recipient’s estate, or the recipient’s creditors. [read post]
23 Dec 2020, 3:24 pm
Key reforms include expediting the timeline, waiving the disclosure statement requirement, and reducing creditor involvement. [read post]
23 Dec 2020, 10:36 am
As a result, for 2021 the $2.230 billion threshold will apply for purposes of determining if a creditor is a small creditor under such provisions. [read post]
23 Dec 2020, 8:51 am
Here is my take on some of the most significant regulatory activities from the past year in consumer debt collection that will continue to impact both consumers and creditors in the years to come. [read post]
23 Dec 2020, 6:43 am
This article discusses which debts can be wiped off and which debts you will still need to pay back to your creditors. [read post]
23 Dec 2020, 6:39 am
With very few exceptions (including, but not limited to, child support or premiums paid explicitly to avoid creditors), any amount of life insurance in Texas is completely protected from the creditors of the insured and the named beneficiary. [read post]
23 Dec 2020, 5:00 am
We all want to pay our bills; but, if you put me in a position where I am forced to choose between my family and my creditors, my family should and must win. [read post]
22 Dec 2020, 2:24 pm
Triterras’s SEC filing stated that under Singapore law Rhodium must respond to the demand within 21 days or the creditor could file a bankruptcy application against Rhodium. [read post]
22 Dec 2020, 12:27 pm
Creditors of the beneficiaries would “step into their shoes,” so they would not be able to reach the principal either. [read post]
22 Dec 2020, 6:39 am
Examples of reasons to decant include to: Correct a drafting mistake; Clarify ambiguities in the trust agreement; Correct trust provisions, due to mistake of law or fact, to conform to the grantor’s intent; Update trust provisions to include changes in the law, including new trustee powers; Change situs of trust administration for administrative provisions or tax savings; Combine trusts for efficiency; Allow for appointment or removal of trustee without court approval; Allow for appointment of… [read post]
22 Dec 2020, 5:18 am
First, the Bureau refused to provide a definition of “original creditor,” despite industry groups’ requests that the Bureau define the “original creditor,” for purposes of a debt collector’s duty to provide the name of the original creditor, upon request, as the creditor at the time of charge off; this was intended to deal with situations in which consumer credit portfolios might be transferred between creditors. [read post]
21 Dec 2020, 7:19 am
This kind of clause was probably included for tax reasons and also to beef up the trust’s creditor-protection shield. [read post]
21 Dec 2020, 7:03 am
Unlike supporters of the Mets themselves, creditors get instant gratification. [read post]
21 Dec 2020, 4:30 am
The Bankruptcy Means Test is a legislative attempt at a formula that measures the ability of debtors to repay unsecured creditors over a period of time. [read post]
20 Dec 2020, 10:54 am
THE PROCEEDINGS IN THESSALONIKI Less than a month later, the award creditors filed an application for the recognition and enforcement of the BAT award before the Thessaloniki 1st Instance Court. [read post]
19 Dec 2020, 3:21 pm
Keith Paul Bishop discusses VC Laster's recent decision in Stream TV Networks v. [read post]
