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14 Dec 2020, 6:28 am
Your monthly income is often the basis of your ability to repay your creditors. [read post]
13 Dec 2020, 1:13 pm
Instead, creditors and other companies are the credit bureaus’ customers and constituency. [read post]
13 Dec 2020, 11:23 am
For example, bypass trusts can protect assets from poor investment decisions as well as creditors and financial scams. [read post]
11 Dec 2020, 1:50 pm
If you are current on rent, you can opt to retain your lease and exclude your landlord from your creditor mailing matrix. [read post]
11 Dec 2020, 9:20 am
This is particularly true even when state courts are fully “open for business” where the borrower’s operations and the creditor’s collateral are located in multiple states. [read post]
11 Dec 2020, 7:00 am
However, if your beneficiaries are minors and you don’t want them to access a large sum of money at a young age, or adults for whom you want to provide some creditor protection, trusts are a good option. [read post]
10 Dec 2020, 4:40 am
Two theories under this doctrine could have been available to this plaintiff to suspend prescription: When the debtor has done some act or fact effectively to prevent the creditor from availing himself of the cause of action; The “discovery rule”: Where a cause of action is not known or reasonably knowable by the plaintiff so long as his ignorance is not induced by the defendant. [read post]
10 Dec 2020, 4:00 am
As Bob alternatingly tries to evade his creditors and begrudgingly follows through on his legal obligations, he is joined by characters such as Crabby Carl (a creditor), Broke Billy (Bob’s brother), and Able Annie the Administrator (a trustee), who help demonstrate concepts and procedures throughout the bankruptcy process. [read post]
10 Dec 2020, 12:01 am
But both soldiers and creditors expected payment in full. [read post]
9 Dec 2020, 7:27 am
This means that, if the business itself cannot pay a creditor, then this shield makes it difficult for creditors to penetrate into your personal assets. [read post]
9 Dec 2020, 7:15 am
As with current law, the CBRA exempts certain property of the debtor from creditors' claims. [read post]
FCA guidance consultation – guidance for insolvency practitioners on how to approach regulated firms
8 Dec 2020, 8:50 pm
Chapter 3 (Entering insolvency) explains the FCA’s expectations on insolvency practitioners at the point of a regulated firm’s entry into an insolvency procedure and shortly thereafter, such as communications with clients and creditors. [read post]
8 Dec 2020, 3:18 pm
Could Creditors Come After Me For My Spouse’s Debts? [read post]
7 Dec 2020, 9:33 am
Government investigations (and the parallel securities lawsuits based on the same allegedly false or misleading statements that often accompany them) are only one of many ongoing D&O exposures companies face, which can include, among others, claims by creditors, shareholders, and other stakeholders arising from bankruptcy proceedings; False Claims Act and qui tam claims relating to funds received from government assistance programs; and cyber-related claims from shareholders or… [read post]
6 Dec 2020, 5:06 pm
Without the poison pill, creditors might well have voted against a plan that included releases for the Sacklers. [read post]
6 Dec 2020, 10:42 am
Creditor lawsuits can be a catalyst for considering bankruptcy. [read post]
5 Dec 2020, 11:47 am
Passing the means test occurs when somebody makes above the median income for their household size but because of other necessary expenses, they don’t make enough to pay anything to creditors. [read post]
5 Dec 2020, 6:16 am
Negotiating with your creditor. [read post]
4 Dec 2020, 12:55 pm
Unsecured debts are those where the creditor does not have a lien on anything you own. [read post]
4 Dec 2020, 6:20 am
For example, a partial plan may be used to make arrangements for financial creditors, in which case trade creditors will be left out of its scope. [read post]
