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10 Apr 2024, 7:13 am
Creditors want a share of the sale proceeds. [read post]
9 Apr 2024, 8:06 am
Filing a lien early in the project may secure your position as a creditor in case of a bankruptcy filing. [read post]
9 Apr 2024, 3:30 am
When you file bankruptcy you have to list all of your creditors, both secured and unsecured. [read post]
8 Apr 2024, 10:00 pm
Check out this expertly drafted article discussing a recent decision on whether the debtors' post-confirmation toggle to an alternative transaction required additional disclosure and resolicitation to creditors. [read post]
8 Apr 2024, 7:28 pm
For most of these cases, the only interaction the debtor will have with their creditors is at their 341 hearing. [read post]
8 Apr 2024, 9:43 am
Financial restructuring can involve negotiations with creditors and lenders, posing potential risks if not managed adeptly. [read post]
8 Apr 2024, 7:51 am
Our current bankruptcy system operates as a type of mutual credit insurance program, mutualizing losses among creditors, rather than sticking them all on one creditor. [read post]
6 Apr 2024, 11:12 am
Chapter 7 bankruptcy allows individuals or businesses to liquidate non-exempt assets to repay their creditors, including the SBA loan. [read post]
5 Apr 2024, 4:22 pm
Communication is the Lifeline: Open communication with beneficiaries and other parties involved, such as creditors and potential heirs not named in the will, is crucial. [read post]
5 Apr 2024, 4:22 pm
Communication is the Lifeline: Open communication with beneficiaries and other parties involved, such as creditors and potential heirs not named in the will, is crucial. [read post]
3 Apr 2024, 10:39 pm
Meeting of Creditors: Approximately four to six weeks after filing, you’ll attend a meeting with the bankruptcy trustee and any creditors who choose to appear. [read post]
2 Apr 2024, 10:52 pm
Don’t transfer assets: Transferring assets or property to friends or family members before filing for bankruptcy can be seen as an attempt to hide assets from creditors. [read post]
2 Apr 2024, 5:25 pm
Assets may dwindle as a result of creditors, divorces, and lawsuits. [read post]
2 Apr 2024, 9:38 am
Creditor Protection: The assets held within the SLAT should be safeguarded from claims by creditors of the grantor or any trust beneficiaries. [read post]
2 Apr 2024, 1:38 am
On the other hand, involuntary liquidation can be initiated by creditors or the court due to insolvency. [read post]
1 Apr 2024, 11:00 pm
But a week after the plaintiff filed its lawsuit seeking $5 million in damages against them, the parents allegedly transferred their interests in the property to their kids.Finding that the transfer was a “fraudulent conveyance,” and violative of the state’s Debtor and Creditor Law, the New York County Supreme Court granted summary judgment in the plaintiff’s favor and enjoined the sale or other disposition of the property.On appeal, the Appellate Division, First… [read post]
1 Apr 2024, 9:58 am
A judgment creditor likewise will have a right to recover interest on a judgment debt. [read post]
1 Apr 2024, 6:36 am
.'” “People close to S&C and FTX noted that all the company’s actions had to be approved by the bankruptcy court with the consent of the US Trustee and creditors, and pointed out that Bankman-Fried had several lawyers personally representing him in November 2022. [read post]
1 Apr 2024, 5:28 am
The creditors have 9 weeks to file a claim. [read post]
29 Mar 2024, 10:47 am
Creditors Can Seek Relief from the Automatic Stay in Some Circumstances While the automatic stay provides immediate relief for Chapter 11 filers, creditors can seek relief from the automatic stay in some circumstances. [read post]
