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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]
4 Dec 2020, 5:34 am
” It observes that prudent debt collectors “scrutinize questionable categories of debt and debts to questionable creditors” and “also contact consumers and listen to what they have to say before furnishing information to credit reporting agencies. [read post]
4 Dec 2020, 4:19 am
Generally, a Chapter 11 bankruptcy allows a company to continue operations while reorganizing its obligations as well as give a company time to assess finances and negotiate with creditors to resolve outstanding debt. [read post]
4 Dec 2020, 4:19 am
Generally, a Chapter 11 bankruptcy allows a company to continue operations while reorganizing its obligations as well as give a company time to assess finances and negotiate with creditors to resolve outstanding debt. [read post]
3 Dec 2020, 8:33 am
The Debtor, Creditors Committee and Wells Fargo agreed that the best way to pay creditors was to sell the Debtor’s assets as a going concern. [read post]
3 Dec 2020, 4:00 am
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]
2 Dec 2020, 3:42 pm
The panel found that there was no evidence that the defendants neglected corporate forms or risked confusing creditors and that there was therefore no basis to pierce the corporate veil. [read post]
1 Dec 2020, 10:39 am
The post Should I Tell My Creditors I’m Filing Bankruptcy? [read post]
30 Nov 2020, 2:07 pm
During this time the monitor sits alongside the directors while a moratorium is placed on the creditors’ ability to collect pre-moratorium debts. [read post]
30 Nov 2020, 11:50 am
Dodd-Frank added appraisal requirements for higher-priced mortgage loans, including a requirement that creditors obtain a written appraisal based on a physical visit to the home’s interior before making a higher-priced mortgage loan. [read post]
