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14 May 2020, 6:00 am by Anthony J. Eppert
Background It is well-settled that the assets of non-qualified deferred compensation programs are subject to the claims of the company’s general creditors. [read post]
13 May 2020, 3:17 pm by Richard Brunette and Edward Tillinghast
In contrast, if a secured creditor seeks relief from the automatic stay based on the absence of equity in the property, the creditor bears the burden of proof to prove no equity (see 11 U.S.C. [read post]
13 May 2020, 10:17 am by Neil Wilkof
This leaves your ex-spouse or creditors free to decide where, when and how your face can be put on mugs or shampoo bottles. [read post]
13 May 2020, 8:35 am by Parker DuFresne
Instead, courts will expect you to use your disposable income to repay creditors. [read post]
12 May 2020, 1:37 pm
When all other attempts to collect a debt have been unsuccessful, a creditor may be left with only more drastic measures, such as wage garnishment. [read post]
12 May 2020, 12:23 pm by Ted Max and Alan Martin
Under common law, the consignee’s rights in the goods are limited and creditors typically cannot successfully assert claims against the goods and the proceeds. [read post]
12 May 2020, 12:23 pm by Ted Max and Alan Martin
Under common law, the consignee’s rights in the goods are limited and creditors typically cannot successfully assert claims against the goods and the proceeds. [read post]
12 May 2020, 11:50 am by Ted Max and Alan Martin
 The committee represents the interests of all unsecured creditors, not just those of the committee members, with a goal of maximizing unsecured creditor recoveries. [read post]
12 May 2020, 9:00 am by Lin Morrisett
• Make records of your income, debts, liabilities, income and retirement information, locations of property titles, insurance information, creditors and other financial information. [read post]
11 May 2020, 9:46 am by Amy Starnes
— The Dallas Morning News JC Penney to file for bankruptcy soon, sources say — The Plano, Texas-based company, which employs nearly 85,000 people, is in discussions with creditors for a so-called debtor-in-possession loan. [read post]
11 May 2020, 7:48 am by Walker & Walker Law Offices
As these rule changes come into effect, the court continues to cancel meetings and reschedule them after due consideration, for example all necessary 341 meetings with creditors – ie. the people and businesses you may owe money. [read post]
11 May 2020, 7:30 am by Lori J. Sommerfield
  The Bureau clarifies that if a creditor has not received a loan number or a response about the availability of funds from the SBA, but the PPP application is otherwise complete, the creditor cannot deny the application based on incompleteness or provide a notice of incompleteness because a loan number or response from the SBA is not information that an applicant can provide to the creditor. [read post]
 First, recognizing the many disputes developing between Modell’s, their lenders, the unsecured creditors’ committee, and the landlords—including what Modell’s obligations are under its leases—the court ordered the parties to mediation as soon as possible to try to work out a practical business resolution. [read post]
In April 2020, the financial services industry has been actively engaging with the Federal Government and regulators in order to address key issues and mitigate risks as a consequence of COVID-19. [read post]