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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]
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]
30 Nov 2020, 8:30 am
Preferential transfers to creditors may be avoided under Section 547(b) of the Bankruptcy Code, if the transfer was made on or within 90 days before the date of the filing of the petition. [read post]
30 Nov 2020, 4:00 am
I created 3 lists: ● List 1: Top movers among statutes and regulations that feature in both the 2019 and 2020 Top 1,000 ● List 2: Highest ranked newcomers in the 2020 Top 1,000 ● List 3 Highest ranked statutes and regulations in 2019 that dropped out of the 2020 Top 1,000 Notes: ● The Companies’ Creditors Arrangement Act (aka CCAA) is unfortunately on top. [read post]
28 Nov 2020, 4:58 am
The gist of the post was that if you need to prioritize who to pay, you should put your Chinese creditors last. [read post]
27 Nov 2020, 6:50 am
A qualified deferred compensation plan cannot be seized by creditors and can be kept even after a personal bankruptcy. [read post]
25 Nov 2020, 8:55 am
Prejudgment Attachment: When and How Can a Creditor Obtain an Attachment Order? [read post]
25 Nov 2020, 4:10 am
If there is little to no estate planning in place, that wealth is exposed and becomes vulnerable to creditors and predators. [read post]
25 Nov 2020, 3:34 am
This means debtors and creditors do not necessarily have to interact anymore. [read post]
24 Nov 2020, 1:14 pm
These credit card creditors typically act aggressively to collect unpaid credit card bills. [read post]
24 Nov 2020, 1:14 pm
These credit card creditors typically act aggressively to collect unpaid credit card bills. [read post]
24 Nov 2020, 11:07 am
Many prospective clients ask us if they should notify their creditors that they are intending to filing bankruptcy. [read post]
24 Nov 2020, 8:00 am
This will cost a little bit extra, but the Debt Management Plan demonstrates to creditors a sincere interest in making good on what is owed. [read post]
23 Nov 2020, 8:05 pm
Here they are: Rule 2002 governing notices to creditors and others has been amended to (1) add cases under chapters 12 and 13 of the Bankruptcy Code to the notice rule about orders confirming plans, (2) conform time periods to those under Rule 3002(c) for filing proofs of claim, and (3) replace “pursuant” with “under” in various places, presumably to make the rules more readable. [read post]
23 Nov 2020, 4:25 am
In this case involving a Turkish restaurant located in midtown Manhattan, which I first wrote about in 2017, the court granted summary judgment of liability in favor of a 25% shareholder on his statutory claim for dissolution, common law breach of fiduciary duty, and violation of the Debtor and Creditor Law. [read post]
22 Nov 2020, 10:06 pm
” To invoke the provisions of Section 25(3), the most important condition is that there has to be a debt expressly acknowledged which the creditor but for the period of limitation, might have enforced. [read post]
20 Nov 2020, 8:55 pm
The second part of the scheme is the Statutory Debt Repayment Plan (SDRP), a statutory agreement that will enable a person in problem debt to repay their debts to a manageable timetable, with legal protections from creditor action for the duration of their plan. [read post]
20 Nov 2020, 1:23 pm
The evidence that the creditor will use will usually be entirely circumstantial . [read post]
20 Nov 2020, 10:15 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]
20 Nov 2020, 9:58 am
The Company has reportedly executed a Restructuring Support Agreement with creditors representing more than two-thirds of its outstanding debt and other parties in interest, which contemplates agreed-upon terms for a pre-arranged financial restructuring plan. [read post]
