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30 Jan 2024, 9:50 am
Finally, claims involving corporate governance issues may arise in creditors’ claims in a bankruptcy context and claims by certain government agencies. [read post]
30 Jan 2024, 8:07 am
What’s left for creditors So, the actual number of dollars left for creditors in this hypothetical Chapter 7 is far less than the sum of the assets’ value. [read post]
30 Jan 2024, 6:31 am
Posted by Tim Baldenius (Columbia University), Mingcherng Deng (City University of New York), and Jing Li (Hong Kong University), on Tuesday, January 30, 2024 Editor's Note: Tim Baldenius is the Paul M. [read post]
30 Jan 2024, 6:31 am
Posted by Tim Baldenius (Columbia University), Mingcherng Deng (City University of New York), and Jing Li (Hong Kong University), on Tuesday, January 30, 2024 Editor's Note: Tim Baldenius is the Paul M. [read post]
30 Jan 2024, 6:00 am
Responsibility for Joint Debt: If your ex-spouse is supposed to pay joint debt and fails, creditors may pursue you, necessitating a bankruptcy filing to protect yourself. [read post]
30 Jan 2024, 5:20 am
It’s important for commercial creditors to understand their legal rights that provide a framework for protecting their interests and ensuring fair and transparent debt collection. [read post]
30 Jan 2024, 3:30 am
A claim in bankruptcy is a claim of money owed to a creditor, filed by or for a creditor. [read post]
30 Jan 2024, 12:00 am
Usually, this goes smoothly, but sometimes beneficiaries or creditors dispute the will or trust. [read post]
29 Jan 2024, 1:12 pm
Additionally, judgment creditors will be able to pursue injunctions and orders for specific performance, expanding their options for enforcing judgments. [read post]
29 Jan 2024, 6:35 am
Right now, the law governing special deposits is nonuniform and the details can be uncertain, including the rights of creditors against those funds. [read post]
29 Jan 2024, 5:56 am
The executor (or “personal representative”), who will oversee the administration of your probate estate; the trustee, who you will count on to manage assets you’ve opted to have held/protected from creditors and managed for the benefit of those you may not completely trust to manage them effectively for themselves (either because of their immaturity, addictions, or other special needs); and especially guardians of any minor children you might leave behind…these… [read post]
28 Jan 2024, 9:05 pm
This would be the most creditor-protective approach. [read post]
27 Jan 2024, 7:17 pm
One might speculate that the judgment creditor sought to avoid enforcement of an order to pay a specific sum arising out of a criminal proceeding. [read post]
27 Jan 2024, 8:50 am
This legal protection prohibits creditors, including landlords, from taking any further collection actions, including eviction proceedings.The landlord can petition the bankruptcy court for relief from the automatic stay, allowing them to proceed with the eviction. [read post]
27 Jan 2024, 12:00 am
The payment plan allows you to catch up on missed payments to creditors while also paying down a portion of your debts under court protection. [read post]
26 Jan 2024, 10:31 am
Here are some key points to consider: Chapter 7 Bankruptcy: In Chapter 7 bankruptcy, your non-exempt assets may be sold to pay off creditors. [read post]
26 Jan 2024, 4:11 am
A judgment in New Jersey is a court order requiring a party (the debtor) to pay a sum of money to another party (the creditor). [read post]
26 Jan 2024, 3:44 am
The following minimum contents of a SEA is outlined in the SS (with the level of detail which must be set out required to be proportionate to the nature, scale and complexity of the firm): Solvent exit actions, setting out: how a firm would carry out a solvent run-off of its liabilities, being prudent about its ability to sell or transfer any part of the business or its insurance liabilities to another insurer and the valuations achieved during such sales or transfers; appropriate alternatives, such… [read post]
25 Jan 2024, 5:47 am
If the deceased did not have enough assets to pay off the debts, the creditors may require a sale of the assets of the estate to address the debt, but that’s it. [read post]
25 Jan 2024, 3:30 am
Miami Tower 100 SE 2nd Street, Suite 3105 Miami, Florida 33131 Main: 305.567.5576 Fax: 305.567.9343 Email: GMP@assoulineberlowe.com http://www.assoulineberlowe.com/ LinkedIn || Twitter Intellectual Property, Labor & Employment, Creditors’ Rights & Bankruptcy, Business Litigation, Corporate & Finance, Real Estate, International Law, Succession Planning [read post]
