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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]
19 Dec 2020, 1:50 pm
The sweetest words in an otherwise miserable bankruptcy means test are found buried in a long paragraph of §707(b)(2)(A)(ii)(1): The debtor’s monthly expenses “shall include reasonably necessary health insurance, disability insurance and health savings account expenses…” This provision, standing independently in the paragraph, stands for the proposition that the debtor can deduct from his CMI the […] The post The Means Test Allows Health Care Before… [read post]
19 Dec 2020, 10:28 am
One implication of such law is that mission may be considered when determining the best purchase offer.While bankruptcy law allows creditors to commence a bankruptcy case against a involuntary potential debtor, this right does not apply against a nonprofit. [read post]
18 Dec 2020, 1:14 pm
For instance, the decedent may have left numerous debts which are unpaid and the creditors may decide to bring lawsuits to collect what is claimed to be due. [read post]
18 Dec 2020, 8:11 am
Tom Girardi’s creditors attested to $20 million in “loans” advanced to Erika Girardi’s company by Girardi Keese. [read post]
17 Dec 2020, 2:14 pm
The defendant was listed as the plaintiff’s largest creditor due to a disputed judgment obtained against the plaintiff. [read post]
17 Dec 2020, 11:47 am
After the Executor files the Will and Petition for Probate; the Executor must notify the Beneficiaries and creditors about the probate hearing, request authority from the court to open probate and to handle/sell the estate assets (called Letters of Administration), submit an Inventory and Appraisal to notify the court and Beneficiaries of the value of the estate assets, and ultimately seek court-ordered approval of the distribution of those assets. [read post]
17 Dec 2020, 8:39 am
The downside of this, however, is after death the new owners could be complete strangers or have their percentage leveraged against another by a creditor. [read post]
16 Dec 2020, 11:15 am
The district court's order adopted the bankruptcy court's report, which recommended sanctioning him for his conduct in an adversarial proceeding filed by his brother Howard, who is a creditor in the bankruptcy case. [read post]
