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24 Mar 2017, 3:11 pm
” Only if the decedents estate has sufficient assets to cover their debts will their creditors be paid. [read post]
17 Sep 2022, 5:30 am
It may also be that due to the nature of the proof of claims that filed by your creditors, confirmation of your Chapter 13 plan is not feasible and converting to a Chapter 7 would resolve issues with creditors, make more sense, and be more beneficial for you. [read post]
29 Jan 2015, 3:23 pm
James Law Topics• The Nuts and Bolts of Cramming Down a Secured Creditor• The (Under) Secured Creditor’s Leading Counter-Measures• Future Value, Credit Bidding, and How it all Plays Out in PracticeTime and PlaceFebruary 10, 2015Noon to 1:30 pmThe City Club155 Sansome StreetSan Francisco, CaliforniaRSVP HERE [read post]
13 Jul 2014, 6:00 am
Two recent bankruptcy court decisions have increased uncertainty over the right of secured creditors to credit bid in sales of debtors' assets. [read post]
6 Jun 2024, 12:00 am
When you file a dispute, the CRA must contact the creditor or information provider to verify the accuracy of the reported debt. [read post]
4 Aug 2022, 6:00 am
In determining whether to grant a petition to appoint a receiver for an insolvent corporation, the Court must determine whether the corporation is insolvent and whether the appointment of a neutral third party is necessary to protect the insolvent corporation’s creditors or shareholders. [read post]
20 Jul 2020, 6:33 am
A Chapter 7 Bankruptcy is a bankruptcy where you do not make payments back to your creditors. [read post]
29 Jul 2009, 10:18 pm
When a creditor obtains a judgment against a debtor in New York the judgment creditor will typically seek to enforce the judgment and recover money to satisfy the judgment. [read post]
11 Jun 2022, 5:30 pm
If a person does not have any debts with the bank, they can continue to maintain and use their bank accounts, as the bank is not a creditor impacted by the bankruptcy. [read post]
27 Sep 2023, 11:51 am
The proposed EU Regulation will introduce stricter and more streamlined measures to prevent late payment practices, such as enforcement and redress measures the Commission says are designed to protect creditors from late payments and will seek to rectify asymmetries in the contractual bargaining power between large debtors and small creditors. [read post]
8 Jul 2013, 1:02 pm
Our clients have included secured lenders, debtors, bank groups, creditors' committees, indenture trustees, equity holders, real property and equipment lessors, bankruptcy trustees and buyers, among others. [read post]
29 Jan 2015, 3:23 pm
James Law Topics• The Nuts and Bolts of Cramming Down a Secured Creditor• The (Under) Secured Creditor’s Leading Counter-Measures• Future Value, Credit Bidding, and How it all Plays Out in PracticeTime and PlaceFebruary 10, 2015Noon to 1:30 pmThe City Club155 Sansome StreetSan Francisco, CaliforniaRSVP HERE [read post]
25 Aug 2021, 8:30 am
Code § 2041(b)(1), “means a power which is exercisable in favor of the decedent, his estate, his creditors, or the creditors of his estate. [read post]
3 Sep 2015, 11:12 am
Nevis also now requires an LLC creditor to post a large bond to secure potential liability for litigation costs. [read post]
2 Mar 2013, 6:55 am
Crummey Trusts are good creditor protection vehicles because they can contain language which does not give the child rights to income or principal which can be garnished or attached by a creditor or made part of a property settlement in a divorce. [read post]
17 Oct 2022, 5:30 pm
Creditors are often not easy to deal with, and frequently, many people find themselves in a position where they are unable to negotiate with the creditor to avoid losing their home or car. [read post]
31 Mar 2015, 12:37 pm
The power of a person to leave property by will, and the rights of creditors, devisees, and heirs to his property are subject to the restrictions and limitations contained in this [code] to facilitate the prompt settlement of estates. [read post]
6 Mar 2020, 3:46 pm
Well, remember that your creditors who sustain a loss will always deduct that loss on their business tax returns. [read post]
25 Mar 2022, 9:22 am
ABC offers separate certification programs in business bankruptcy, consumer bankruptcy and creditors’ rights law. [read post]
27 Feb 2018, 8:20 am
In personal injury cases, a lien is a right of a creditor to get paid from a personal injury settlement. [read post]