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30 Apr 2009, 9:10 am
The problem with informal workouts is that one creditor hold out will prevent the deal from getting done. [read post]
22 Jul 2007, 10:11 pm
Following discharge of a debt in bankruptcy, the creditor is required to indicate the tradeline as having $0 balance due and having been discharged in bankruptcy. [read post]
19 Jul 2013, 12:41 pm
Randy Kennedy and Monica Davey in the NYT: Detroit’s Creditors Eye Its Art Collection.A Q+A by Mark Stryker of the Detroit Free Press.And an on-the-scene report from The Deaccessioning Blog: "As I drove around the city I could not help but feel that I was in the TV show, The Walking Dead." [read post]
12 Aug 2007, 12:21 pm
A Chapter 7 bankruptcy is a liquidation, so a Chapter 7 trustee has the ability to sell assets and distribute the resulting cash to creditors (less a percentage and administrative costs). [read post]
4 Dec 2013, 6:00 am
This trustee is in charge of impartially collecting all your assets, selling off those which are not secured, and distributing the resulting money to your creditors in the appropriate manner. [read post]
7th Cir. Holds Plaintiff’s Settlement of Parallel Claim Against Another Defendant Mooted FDCPA Claim
6 Sep 2018, 2:09 pm
Court of Appeals for the Seventh Circuit recently reversed a judgment against a debt collector, finding that the plaintiff’s settlement with the creditor for the same indivisible injury mooted the plaintiff’s federal Fair Debt Collection Practices Act (FDCPA) claims for statutory damages, attorneys’… Ernest Wagner [read post]
20 Feb 2008, 6:24 pm
A creditor is not required to consent to a reaffirmation agreement, but if one is [...] [read post]
29 Feb 2012, 4:39 pm
Sidley Austin and Chadbourne & Parke, in their respective roles as lead debtor's and creditors' committee counsel, have been paid a total of more than $111 million in fees and expenses since the start of the Tribune Company's Chapter 11 case in December 2008. [read post]
19 Nov 2011, 2:48 pm
"Fox Sports on Friday asked that the Dodgers be discharged from bankruptcy immediately, saying that owner Frank McCourt need not pursue a plan to market the team's television rights because he can repay his creditors in full now by selling... [read post]
11 Sep 2007, 9:19 pm
Sec. 2101 addressing whether a creditor can become an employer. [read post]
22 Jul 2019, 9:27 am
In determining the legal standard for holding a creditor in civil contempt for attempting to collect a debt in violation of a bankruptcy discharge order, the Supreme Court of the United States adopted an “objectively reasonable” standard, and held that a court may hold a… Jeffrey Karek [read post]
28 Mar 2014, 4:49 am
If you file a Chapter 7 and you have a secured debt, often times a car note or a mortgage, you will be asked by the creditor to reaffirm that debt. [read post]
29 Apr 2007, 11:08 am
If your bankruptcy case was filed in Topeka, Kansas, your meeting of creditors (341 hearing) will be held at the main downtown U.S. [read post]
3 Mar 2009, 8:51 pm
The bankruptcy trustee is looking out for the unsecured creditors; the lender is looking out for itself. [read post]
29 Apr 2009, 4:05 am
The Treasury Department has told the lenders - 46 creditors in all - that they [...] [read post]
25 Sep 2007, 7:57 pm
You went to the Meeting of Creditors and faced the Chapter trustee’s questions and answered them all (the answers that the trustee was looking for). [read post]
9 Oct 2007, 7:12 am
A Georgia attorney had "continually over the past ten years...filed...actions arising out of a judgment entered against him in a legal malpractice and fraud action in 1995 and the creditors' efforts to collect on that judgment. [read post]
25 Feb 2014, 2:10 pm
But as time goes by, you have been unable to repay debt obligations or you have no assets for creditors to seize. [read post]
10 Jun 2008, 3:21 pm
Creditor's Committee Counsel Cooley Godward filed its fee application in the Sharper Image chapter 11 case for April, 2008 seeking $238,000 in fees for the month. [read post]
16 Jan 2010, 8:35 am
., --- F.3d ---, 2010 WL ------------ (5th Cir. 2010)(actions the debtor took to substantially consummate the chapter 11 plan before the creditor could obtain a stay... [read post]
