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21 Jan 2020, 4:00 pm
In that case, the individual may want to direct the IRA to a trust for the beneficiary that will remain protected from creditor claims and divorce after the 10-year period. [read post]
21 Jan 2020, 1:54 pm
., whether PACA creditors who are beneficiaries of the PACA trust can recover from a PACA debtor amounts that the debtor claimed were rebates due under its contractual arrangement with the creditor. [read post]
20 Jan 2020, 12:04 pm
Section 129 of the National Credit Act requires the creditor to specify the default including the actual amount of the arrears. [read post]
20 Jan 2020, 8:47 am
The telco "is asking creditors to help craft a turnaround deal that includes filing for bankruptcy by the middle of March, according to people with knowledge of the matter," Bloomberg wrote. [read post]
20 Jan 2020, 1:07 am
Objections to the Plan It’s possible for your plan to be disputed by a creditor, the trustee, or the judge. [read post]
19 Jan 2020, 12:58 pm
Options for creditors With some collection options available to creditors, you must have a court's approval to move forward with an action against a debtor. [read post]
19 Jan 2020, 12:48 pm
(The title of the classic 1988 sovereign buyback paper by Jeremy Bulow and Kenneth Rogoff, “The Buyback Boondoggle” – where the ones getting the boondoggle are the creditors rather than the debtor). [read post]
18 Jan 2020, 2:45 pm
Many creditors do not thoroughly screen applications and will look for a credit pattern and Social Security recognition. [read post]
17 Jan 2020, 12:12 pm
There are also fines (up to $5,000) and prison sentences (up to 6 months) for shareholders and creditors who misuse information obtained from the ISC Register. [read post]
17 Jan 2020, 11:19 am
In this article, we explain the duty of an estate executor to determine creditors of the estate and provide notice of probate in Illinois. [read post]
17 Jan 2020, 9:52 am
At the meeting of creditors, Miner admitted transferring the property only after the trustee, who had discovered it in a public records search, confronted him about it. [read post]
17 Jan 2020, 5:54 am
Adler (New York University) and Vedran Capkun (HEC Paris), on Friday, January 10, 2020 Tags: Bankruptcy, Debt, Debtor-creditor law, Distressed companies CalSTRS Green Initiative Task Force Annual Report Posted by Kirsty Jenkinson, California State Teachers’ Retirement System, on Friday, January 10, 2020 Tags: Boards of Directors, CalSTRS, Climate change, Environmental disclosure, ESG, Institutional… [read post]
16 Jan 2020, 1:17 pm
Making Creditors Pay For It There is a reason that you don’t get hounded by creditors too badly anymore these days. [read post]
16 Jan 2020, 10:01 am
Our podcast looks at industry and consumer comments and perspectives on key issues, including the proposal’s potential implications for creditors collecting their own debts through UDAAP/UDAP and state collection laws, its approach to electronic communications and “meaningful attorney involvement,” and whether a final rule should address information transfers and file reviews or collecting time-barred debt. [read post]
16 Jan 2020, 7:57 am
House of Representatives have the constitutional and statutory authority to issue a subpoena to creditors for President Donald Trump and several of his business entities demanding private financial records belonging to the president. [read post]
16 Jan 2020, 4:28 am
” The decision states that resolution of stay relief – which typically comes when a creditor wants to litigate a dispute outside of bankruptcy court but can’t due to the stay automatically afforded debtors that file for bankruptcy – can have “large practical consequences” by giving the creditor an opportunity to handle its claim against a debtor outside of the traditional bankruptcy process. [read post]
16 Jan 2020, 4:05 am
Jackson Masonry, LLC, holding that a bankruptcy court’s order denying a creditor’s motion to lift the automatic stay of debt-collection efforts is a final order that the creditor can appeal, hoping that “[i]f litigants invoke Ritzen Group’s discussion of piecemeal appeals, … courts will quickly discount that discussion’s relevance outside of the bankruptcy context. [read post]
15 Jan 2020, 1:37 pm
Code Section 362, that offers debtors relief from the endless communication and disturbances from creditors. [read post]
15 Jan 2020, 10:00 am
In many cases, bankruptcy stops the onslaught of creditor harassment and wage garnishments. [read post]
15 Jan 2020, 6:00 am
• Chapter 7 Bankruptcy When you file chapter 7 bankruptcy, your bankruptcy trustee (link to “What Is a Bankruptcy Trustee”) will collect any of the nonexempt property to sell and distribute the revenue to the creditors. [read post]
