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28 Sep 2023, 2:13 am
This means that if your car has been repossessed prior to filing for Chapter 13, the automatic stay can potentially force the creditor to return the vehicle. [read post]
21 May 2013, 5:00 pm
The proposed $125 initial payment to creditors was based on the disposable income available after deducting future payments on secured claims. [read post]
7 Jul 2014, 7:47 am
  According to the court, because “the debt collector is obviously the agent of the creditor . . . the least sophisticated consumer would think that if the debt collector was entitled to assume that the debt is valid, the creditor would have the same right. [read post]
15 Feb 2013, 8:08 am by Charles Rubin
Many states limit the rights of creditors of a member of an LLC to obtaining a charging order. [read post]
25 Feb 2020, 9:08 pm
When a court rules in favor of a creditor who has filed a lawsuit against a debtor, that creditor becomes a judgment creditor. [read post]
23 Nov 2013, 8:05 am
The Hardcastles, in what the Ninth Circuit viewed as not in good faith, filed a second bankruptcy plan that did not include Bank of America as either a secured creditor or an unsecured creditor. [read post]
29 Oct 2019, 6:37 pm
Creditors can request methods of enforcing the court order, such as wage garnishment. [read post]
6 Nov 2019, 7:59 pm
A secured creditor may argue that: Selling the property as part of Chapter 7 bankruptcy would not net enough money to compensate creditors. [read post]
9 Nov 2013, 4:16 pm
Without selling the gas station, there was no feasible way to distribute the asset to the creditors. [read post]
8 Nov 2017, 11:41 am
A trustee is appointed to oversee the repayment plan and distribute the payments amongst creditors. [read post]
13 Jul 2020, 6:01 pm
For creditors, a guaranteed debt provides security if lending to someone who has a poor or unproven credit history. [read post]
25 Sep 2019, 7:00 pm
Creditor Options When a commercial debtor misses a payment, the one thing you cannot afford to do as a creditor is to ignore it. [read post]
12 Sep 2021, 8:50 am by Todd Murray
Under Minnesota law, if the total amount of the loan was $7,500 or less, than the creditor cannot chase the borrower for a deficiency.Statute of limitations. [read post]
23 May 2013, 1:11 pm by Charles Rubin
A recent bankruptcy decision indeed took that later approach, ruling that the assets of an Alaska asset protection trust are exposed to the creditors of a Washington grantor. [read post]
7 Aug 2018, 8:01 am
Debtors who attempt to defraud creditors through serial bankruptcy can face criminal charges. [read post]