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30 Jun 2020, 2:29 pm
Contact an Illinois Debt Collection Attorney When you are left with no choice but to foreclose on a mortgage, you need the guidance of a Chicago creditor’s rights lawyer. [read post]
30 Jun 2020, 12:12 am
In most cases, when a transaction is a bulk sale, creditors have to be given notice of the transaction. [read post]
30 Jun 2020, 12:12 am
In most cases, when a transaction is a bulk sale, creditors have to be given notice of the transaction. [read post]
29 Jun 2020, 1:52 pm
29 Jun 2020, 1:09 pm
If the deceased fails to pay money to a creditor, the creditor has a debt claim that they can make against the estate. [read post]
29 Jun 2020, 7:27 am
If you have concealed yourself to avoid service, or if you have hidden or about to hide your property to defraud creditors, the plaintiff may ask the judge to allow “prejudgment attachment. [read post]
29 Jun 2020, 6:48 am
Court of Appeals for the Ninth Circuit recently held that bankruptcy courts could confirm Chapter 13 plans proposing estimated time periods to complete the plan if unsecured creditors and the trustee did not object, reversing a contrary ruling from its Bankruptcy Appellate Panel. [read post]
29 Jun 2020, 3:00 am
To determine if there is a unity of ownership and interest, the courts have considered: (1) inadequate capitalization; (2) failure to issue stock; (3) failure to observe corporate formalities; (4) nonpayment of dividends; (5) insolvency of the debtor corporation; (6) non functioning of the other officers or directors; (7) absence of corporate records; (8) commingling of funds; (9) diversion of assets from the corporation by or to a stockholder or other person or entity to the detriment of… [read post]
29 Jun 2020, 2:41 am
Indeed, while some scholars reckon that it should be limited to the appreciation of a detailed offer made by the creditor,8)F. [read post]
28 Jun 2020, 6:10 pm
After providing a brief overview of the main debt restructuring vehicles that have been developed over time, the book traces a distinction between the rules of public international law that are relevant for debtor States (State succession in respect of debts, the odious debt doctrine, sovereign immunity and economic necessity) and creditor States (diplomatic protection and the conclusion of treaties specifically aimed at providing debt relief to a country). [read post]
26 Jun 2020, 2:26 pm
When a judgment creditor attempts to add a party to a breach of contract judgment that includes a contractual fee award, the suit is essentially “on the contract” for purposes of Civil Code section 1717. [read post]
26 Jun 2020, 12:29 pm
Do we wait until the process is over, or end it "now," leaving the creditors to negotiate with a debtor that now has the benefit of the Eleventh Amendment? [read post]
26 Jun 2020, 12:09 pm
The safe harbor would be based on the creditor meeting standards in specified documents. [read post]
26 Jun 2020, 10:01 am
If you don’t have the ability to pay back your creditors, than maybe we think about a Chapter 7 Bankruptcy. [read post]
26 Jun 2020, 6:27 am
In practical terms, this means that creditors “at risk” of being excluded (i.e. [read post]
26 Jun 2020, 3:00 am
A poor credit rating will follow you around and affect you in the future; plus, by paying your accounts off, you can eliminate the annoying calls from creditors. [read post]
25 Jun 2020, 8:45 pm
Screwed" maneuver of stripping out collateral from the restricted group and then pledging it to other creditors. [read post]
25 Jun 2020, 3:52 pm
Can a hotel be considered “single asset real estate” (or SARE) for streamlined bankruptcy purposes, and why do creditors care? [read post]
25 Jun 2020, 12:26 pm
I am often asked whether they apply to creditors as well. [read post]
25 Jun 2020, 10:13 am
If a claim is successful, creditors would be paid out by the estate before beneficiaries receive any inheritance. [read post]
