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21 Feb 2024, 6:05 am
Some critics of the REPO Act would prefer to see confiscated assets turned over to an international body that would be insulated both from Russian demands, and from the reach of other judgment creditors (or “line-jumpers”). [read post]
21 Feb 2024, 3:48 am
Tells you to stop speaking with creditors. [read post]
20 Feb 2024, 6:48 am
After filing, you attend a meeting of creditors, where you answer questions under oath about your finances and the information in your bankruptcy petition. [read post]
20 Feb 2024, 6:00 am
This legal document, essentially a new contract between you and the creditor, reinstates your obligation to repay the debt, bypassing the bankruptcy discharge. [read post]
19 Feb 2024, 10:40 am
The primary purpose of this type of trust is to protect assets from potential creditors or legal claims, ensuring that they will be preserved for the benefit and use of the person and their loved ones. [read post]
19 Feb 2024, 12:22 am
As such, the award-creditor will not be able to rely on the 1958 New York Convention to seek enforcement worldwide. [read post]
16 Feb 2024, 6:02 pm
“We’re taking this action in the hope that the court will appoint a responsible Trustee to end the years-long deadlock to oversee an orderly sale of Oceanwide Plaza for the benefit of Oceanwide’s creditors and local subcontractors. [read post]
16 Feb 2024, 4:05 am
This legal provision halts creditor actions such as foreclosure, wage garnishment, and debt collection efforts. [read post]
15 Feb 2024, 6:42 pm
Following a hearing on January 19, 2024, the Joint Provisional Liquidators (JPLs) for Northstar (Bermuda) received procedural directions instructing them to give creditors and policyholders details regarding proposed next steps in the liquidation proceedings, payments of certain distributions, and the valuation of claims. [read post]
15 Feb 2024, 10:05 am
Treatment of Tax Refunds: Tax refunds may be considered part of the bankruptcy estate and subject to distribution to creditors. [read post]
15 Feb 2024, 10:00 am
Instead, it was created to provide structure, order, and oversight to pay debts to creditors and distribute assets to heirs. [read post]
15 Feb 2024, 10:00 am
Instead, it was created to provide structure, order, and oversight to pay debts to creditors and distribute assets to heirs. [read post]
15 Feb 2024, 12:00 am
Creditor protection is still very path-dependent, and convergence is much less advanced. [read post]
14 Feb 2024, 10:53 am
Probate is also a public process, meaning anyone can find information about the decedent’s assets, debts, and creditors. [read post]
14 Feb 2024, 7:00 am
In the event that the compensation is tied to the estate, creditors may try to recover debts against the deceased party through the estate. [read post]
14 Feb 2024, 5:30 am
Creditors with security interests are those who have a lien on assets. [read post]
14 Feb 2024, 12:18 am
Understanding these methods is crucial for creditors seeking to enforce their rights and collect outstanding debts. [read post]
13 Feb 2024, 8:44 am
Here are the main ways a creditor can collect a judgment in Florida: Wage Garnishment This involves the creditor obtaining a court order that requires the debtor’s employer to withhold a portion... [read post]
13 Feb 2024, 8:44 am
Here are the main ways a creditor can collect a judgment in Florida: Wage Garnishment This involves... [read post]
13 Feb 2024, 6:48 am
Dealing with Creditors Once you file for bankruptcy, an automatic stay prohibits most creditors from contacting you. [read post]
