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13 Nov 2020, 3:32 pm
If the Trust does not have enough money to pay the debts, the creditors are out of luck. [read post]
13 Nov 2020, 2:11 pm
Can those business creditors (customers, employees, vendors, suppliers, landlords, and lenders) collect from the owners of the business? [read post]
13 Nov 2020, 1:02 pm
For example, we believe a new rulemaking effort under a new CFPB director could reduce call frequency limits, apply limits to texts and email messages, or count call attempts on a per-consumer basis, and could even add new rules for creditor collections, all of which were strenuously sought by consumer advocates and a number of state attorneys general. [read post]
12 Nov 2020, 8:45 pm
The Consumer Credit Act 1974 (the Act) created a consumer protection regime, which required creditors or owners to send notices to borrowers or hirers under regulated agreements before taking certain actions, like demanding early repayment due to a breach of contract. [read post]
12 Nov 2020, 7:01 pm
The court appointed provisional director “shall be an impartial person who is neither a shareholder nor a creditor of the corporation or of any subsidiary or affiliate of the corporation, and whose further qualifications, if any, may be determined by the court. [read post]
12 Nov 2020, 2:18 pm
Richard M. [read post]
12 Nov 2020, 1:23 pm
This creditor tactic is referred to as piercing the corporate veil. [read post]
12 Nov 2020, 7:42 am
The company had mistakenly sent Revlon creditors $900 million of its own funds. [read post]
12 Nov 2020, 6:12 am
According to these commenters, “if the discharged debt is a secured debt, including but not limited to a residential mortgage, the transfer ban should not impede a creditor’s ability to maintain and exercise its security interest in the collateral that secures the discharged debt. [read post]
11 Nov 2020, 11:57 am
Most other states do not exempt these assets from creditor garnishment. [read post]
11 Nov 2020, 9:15 am
Automatic Foreclosure Stay During Bankruptcy Proceedings When you file for bankruptcy, an automatic stay will go into effect preventing creditors from attempting to collect on the debts you owe. [read post]
11 Nov 2020, 6:14 am
Continue reading → The post How a Commercial Creditor in Georgia Obtained a Renewed Opportunity to Pursue a Personal Guarantor of a Farm’s Debts appeared first on Atlanta Business Litigation Attorneys Blog. [read post]
11 Nov 2020, 1:17 am
What To Do When Creditors Demand Payment Keep calm. [read post]
10 Nov 2020, 3:23 pm
Any cash proceeds from the foreclosure sale in excess of the purchase price paid upon foreclosure will be paid to the EB-5 Project Owner, who will be required to pay its other creditors to the extent of those excess proceeds. [read post]
10 Nov 2020, 8:09 am
This separation means that if real estate owned by your LLC is at risk from litigation or creditors’ claims, your personal assets will not be at risk. [read post]
10 Nov 2020, 5:19 am
LIBOR, which many creditors currently use as the index for calculating the interest rate on credit cards and other variable-rate consumer credit products, is expected to be discontinued sometime after 2021. [read post]
10 Nov 2020, 5:15 am
Validation notices: The CFPB was asked to clarify that credit reporting during the validation period does not constitute overshadowing in violation of FDCPA §809(b), which states that, for 30 days after the consumer receives the validation notice, a debt collector must not engage in collection activities or communications that overshadow or are inconsistent with the disclosure of the consumer’s right to dispute the debt or request information about the original creditor. [read post]
9 Nov 2020, 2:13 pm
Eckert, 3 Pa. 368 (1846) (early formulation of Pennsylvania rule that property held by a public official in his authorized capacity is not subject to attachment by creditors). [read post]
9 Nov 2020, 11:20 am
Electronic Delivery of Disclosures Related to Validation, Original Creditor Information Requests, or Consumer Disputes. [read post]
9 Nov 2020, 11:13 am
The creditor must then provide a simple and reasonable method for opt-out and a deadline that is no sooner than 35 days after notice is sent for when the creditor or debt collector must receive the opt-out request. [read post]
