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25 Jun 2019, 9:00 am
The decision to change your name is a personal decision that only you can make, however, “one reason a woman absolutely should not change her name back to her birth name, is if it is solely for the purpose of avoiding creditors or criminal prosecution. [read post]
25 Jun 2019, 8:57 am
Review the lender’s claim In order to be paid in a Chapter 13, a creditor must file a proof of claim. [read post]
24 Jun 2019, 8:29 am
” “Charged-off debt” is defined as “a consumer debt that a creditor has determined to be a loss or expense to the creditor instead of an asset. [read post]
24 Jun 2019, 8:04 am
Some people believe that when they file for bankruptcy, they will forfeit their assets to the court to be sold and paid to their creditors. [read post]
24 Jun 2019, 6:21 am
Take note that creditors also have rights that must be protected. [read post]
23 Jun 2019, 7:52 am
Creditors may intervene in a case to challenge the eligibility of a debt for discharge. [read post]
21 Jun 2019, 4:53 pm
In other words, if you file a Creditor’s Claim, you’re done! [read post]
21 Jun 2019, 12:53 pm
During a bankruptcy, creditors might still try to collect even if someone is protected by a bankruptcy stay. [read post]
21 Jun 2019, 12:21 pm
Sometimes working with creditors to reduce the fees or penalties can be effective, but if the lenders are inflexible or you are still unable to make the payments, it might be time to consider filing for … Read more The post When Bankruptcy Can Help appeared first on Baker & Associates. [read post]
21 Jun 2019, 12:09 pm
The FDCPA does not erase your debt as bankruptcy can, but it does set strict limits on what creditors or those on their … Read more [read post]
21 Jun 2019, 9:32 am
First, the Court explains several times that the case should be governed by "the purpose of bankruptcy - 'to allow the debtor to regain his financial foothold and repay his creditors.'" The Court's emphasis on the debtor-salutary purpose of bankruptcy is refreshing, even in cases where the repaying-creditors purpose is likely to be largely defeated. [read post]
21 Jun 2019, 6:42 am
Sobolewski, Wachtell, Lipton, Rosen & Katz, on Tuesday, June 18, 2019 Tags: Bankruptcy, Covenants, Credit default swaps, Debt, Debtor-creditor law, Derivatives, Shareholder activism Do Firms Issue More Equity When Markets Become More Liquid? [read post]
20 Jun 2019, 2:16 pm
In the unlikely event that the Greek Minister of Justice grants leave for execution, a judgment creditor will be confronted with a second hurdle, if (s)he’s aiming at the seizure of property similar to the case discussed here: the maxim ne impediatur legatio (ad hoc see Greek Supreme Court, 29 November 2017, decision no. 1937/2017, reported in English here). [read post]
20 Jun 2019, 12:12 pm
An earlier version of this post described one of the groups asking the justices to review the lower court’s decision on the appointments question as a committee of unsecured debtors, not of unsecured creditors. [read post]
20 Jun 2019, 11:55 am
But what should happen when creditors don’t get the message and continue collection or harassment? [read post]
20 Jun 2019, 11:47 am
In doing so, the firm allegedly failed to disclose the two percent commission that it would reportedly receive from the investors, and it would also be receiving half of the Tax Creditor Lenders revenues derived from consummating the transaction. [read post]
20 Jun 2019, 9:11 am
Once you file bankruptcy, the court issues an order to every creditor called an automatic stay. [read post]
20 Jun 2019, 3:29 am
This is because the more complex a business organization is, the easier it becomes for a firm to be split into many ‘units’ (the term is intentionally non-technical) which, on the one hand, are located in different countries and, on the other hand, are in contact with different groups of creditors: case by case, these groups of creditors may have differing perceptions as to where the firm is located. [read post]
20 Jun 2019, 2:53 am
Some states have homestead statutes that exempt primary residences from being sold to meet the demands of most creditors or limit the amount creditors can recover from the sale. [read post]
19 Jun 2019, 8:26 am
15 Things You Should Know About a 341 Meeting of Creditors [2019] The Meeting of Creditors is an important step in the bankruptcy process. [read post]
