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6 Feb 2020, 8:09 am
In a 2018 ruling, Judge Ellen Huvelle largely agreed with the plaintiffs, concluding that the courts are breaking the law by spending PACER money on non-PACER projects like installing flat-screen TVs in courtrooms and sending electronic notifications to bankruptcy creditors. [read post]
6 Feb 2020, 5:47 am
Ultimately, a spendthrift trust is a useful tool when the grantor wants to limit access of the assets to the beneficiary, avoid probate for the assets listed in the trust, and protect certain assets from creditors. [read post]
6 Feb 2020, 5:46 am
The spendthrift trust ultimately limits the assets available to the beneficiary and protects the rest of the assets still in the trust from creditors. [read post]
5 Feb 2020, 6:18 pm
Totten trusts are essentially bank accounts with a named beneficiary. [read post]
5 Feb 2020, 1:18 pm
After the creditor recovers a money judgement (usually by default), the creditor will seek to execute this judgement. [read post]
5 Feb 2020, 12:13 pm
Advocates believe Section 1071 will “facilitate the enforcement of fair lending laws and enable communities, governmental entities, and creditors to identify business and community development needs and opportunities of women-owned, minority-owned, and small businesses. [read post]
5 Feb 2020, 8:51 am
The other party becomes a creditor in the bankruptcy proceeding. [read post]
4 Feb 2020, 10:00 pm
In 2017, Rule 3002 of the Federal Rules of Bankruptcy Procedure was amended to require the timely filing of a proof of claim or interest by secured creditors, as well as unsecured creditors and equityholders in chapters 7, 12 and 13. [read post]
4 Feb 2020, 1:22 pm
In other words, you can’t “prefer” one creditor over another. [read post]
4 Feb 2020, 8:03 am
Most people don’t even consider what might happen to their retirement accounts in the event of an early demise, because most of us plan retirement with the idea that we’ll be around to enjoy it. [read post]
4 Feb 2020, 12:55 am
Also, take appropriate action when a creditor is authorized to take money from your bank account or paycheck to pay off a dischargeable debt. [read post]
3 Feb 2020, 3:34 pm
Minnesotans who have filed either Chapter 7 or 13 Bankruptcy ought to be aware of a scam that is becoming more pervasive. [read post]
3 Feb 2020, 12:49 pm
The good news is that in Illinois, generally, the creditors of the deceased person have no rights against the money paid out by a life insurance policy to the beneficiaries. [read post]
3 Feb 2020, 4:09 am
Protection from Creditors When you file for Chapter 13, what happens is that all your debts are put into one payment that covers all. [read post]
2 Feb 2020, 12:22 pm
To do so, Imerys would ultimately need to negotiate with creditors, which would include insurers and those parties involved in asbestos cancer lawsuits. [read post]
2 Feb 2020, 7:05 am
These status-based changes vary by state and include the bankruptcy or other actions seeking protection from creditors, receivership, transfer of all of the member’s interest to a third party (other than as security or under a court’s charging order), death, merger or the dissolution of a trust that holds the membership interest. [read post]
1 Feb 2020, 12:20 pm
But he suggests that it might be interpreted to “let Venezuela off the hook on unpaid interest to any creditor after three years—provided the creditor doesn’t take legal action seeking repayment during that span. [read post]
1 Feb 2020, 9:02 am
They usually do a good job at piling up asset and creditor information. [read post]
31 Jan 2020, 3:44 pm
However, creditors cannot seek payment indefinitely, and providing legally-compliant notice starts the clock for creditors to assert claims against the estate. 3. [read post]
31 Jan 2020, 2:34 pm
In this article, we discuss land trusts and creditors claims against land trusts. [read post]
