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21 Apr 2007, 11:22 am
However, the bottom line is that Creditors entered into a financial transaction with you when they lent [...] [read post]
4 Feb 2008, 7:35 pm
She provided a list of questions, typically asked at the 341 Hearing, also known as the Meeting of Creditors. [read post]
29 Aug 2012, 3:32 pm by Jennifer Smith
Failed law firm Dewey & LeBoeuf LLP has asked a judge to greenlight a $70 million “clawback” settlement with former partners that, if approved, would represent the first major recovery for creditors in the largest U.S. law firm failure to date. [read post]
2 May 2012, 6:44 am by admin
As the main plan for resolving debts, the debtor’s plan is developed to outline the specifics about which creditors will be repaid and how much the bankruptcy filer will be required to pay each month. [read post]
8 Jun 2012, 12:00 pm by admin
  While one can apply for credit as soon as their bankruptcy has been discharged, most creditors will not approve applicants with a recent bankruptcy on their credit report for a line of credit. [read post]
30 Jun 2007, 10:00 am
Your Meeting of Creditors, Confirmation Hearing (in a Chapter 13 case) and other Court proceedings are held at the Ribicoff Federal Courthouse, 450 Main Street, Hartford, CT [...] [read post]
12 Aug 2007, 6:00 am
If you would lose property in a Chapter 7, you can protect it by filing a Chapter 13 as long as your creditors get at least as much in the 13 as they [...] [read post]
18 Apr 2009, 10:59 pm
Bankruptcy law allows a trustee to recover payments made to creditors on the eve of bankruptcy, even if the payment was made with borrowed money the debtor never touched, according to the Sixth Circuit Court of Appeals. [read post]
26 Mar 2019, 9:42 am by Law Staff
You may find yourself unable to pay your creditors in such situations and bankruptcy may not be the best option. [read post]
20 Mar 2008, 11:43 am
Mar 2008) Issue: Where creditor holds a "910 Claim," and the debtor chooses to retain the vehicle, may the chapter 13 plan reduce the contract interest rate... [read post]
20 Apr 2008, 7:50 am
A Kansas debtor can NEVER discharge debts to two objecting creditors, according to a recent decision by Judge Dale L. [read post]
7 Sep 2010, 7:35 am by David Ingram
Bailout Busters: Jenna Greene reports that the FDIC's new power to dissolve megacompanies — one with almost no judicial oversight and in which creditors' rights are few — is sending shock waves through the bankruptcy bar. [read post]
20 Dec 2014, 4:00 am by Gerry W. Beyer
IRA trusts can have beneficial results, such as creditor protection, but are susceptible to some common pitfalls, which can cause acceleration of required minimum distributions and lessen the tax deferral benefits. [read post]
8 Jun 2012, 4:00 am by Seth Leventhal
Minnesota Litigator has recently noted how difficult it is for many creditors to collect debts owed to them during the recent economic downturn. [read post]
17 Apr 2009, 9:53 am
When a debtor company attempts to reorganize, the success of the reorganization often depends on creditors agreeing to reduce, extend the repayment period of, or otherwise modify the outstanding debt owed to them by the reorganizing debtor [read post]
19 Sep 2018, 9:00 am by Patricia J. Scott
The purpose of bankruptcy is to provide for an orderly process by which a debtor’s assets can be fairly divided and distributed among creditors. [read post]
11 Feb 2019, 7:41 am by Christopher P. Hahn
The Circuit Court of the First Judicial Circuit in and for Santa Rosa County, Florida recently rejected a borrower’s argument that a purchase and sale agreement for future receivables constituted a “loan” that was unenforceable under New York usury law, because payment to the creditor… Christopher P. [read post]
31 Mar 2011, 12:17 pm by Bankruptcy Prof
"Barring a last-minute assault from the banks, a federal rule to protect vulnerable Americans from overly grabby creditors will take effect on May 1. [read post]
14 Jun 2012, 2:00 am by Damon Duncan
If a creditor were to sue you for a debt owed, eventually they may try to obtain a judgment against you. [read post]