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21 Mar 2024, 12:00 am
Here’s how to optimize your estate plan in California: Creditor Protection: California has specific laws governing creditor claims, making it essential to structure trusts to shield assets from potential creditors. [read post]
21 Mar 2024, 12:00 am
Meanwhile, creditors are individuals or businesses to whom money is owed. [read post]
20 Mar 2024, 9:06 pm
Serve all the creditors in a timely fashion As soon as a debtor files for bankruptcy, the debtor or their attorney must notify all of their creditors of the bankruptcy. [read post]
20 Mar 2024, 9:05 pm
By design, these transactions increase uncertainty and siphon value away from senior creditors to other preferred stakeholders. [read post]
20 Mar 2024, 11:24 am
Making a creditor unimpaired is certainly important, but it has specific defined statutory consequences – the creditor is treated as voting for the plan and so when it comes to counting votes, the creditor cannot vote against the plan even if it hates it (like the insurance company here). [read post]
20 Mar 2024, 9:43 am
You want to protect your assets from future creditors or lawsuits. [read post]
19 Mar 2024, 8:42 pm
Trump is (supposedly) solvent, so all creditors should be paid in full in order for a Chapter 11 plan to be confirmable. [read post]
19 Mar 2024, 6:08 pm
Pix Credit National Portrait Gallery, Harold Pettit Maples, Back to the Drawing Board 1965 I have been working on the production of a comprehensive commentary of the United Nations Guiding Principles for Business and Human Rights. [read post]
19 Mar 2024, 7:50 am
Handling Creditors: Your lawyer handles communication with creditors, which can be a major source of anxiety. [read post]
19 Mar 2024, 6:00 am
They can be liquidated to pay off creditors. [read post]
19 Mar 2024, 3:30 am
When you file bankruptcy, you are placed in a metaphorical bubble of protection from your creditors. [read post]
19 Mar 2024, 2:45 am
Make it as easy as possible for advisers from free debt advice organisations to contact creditors and resolve issues on behalf of customers. [read post]
18 Mar 2024, 10:00 pm
You represent a secured creditor in a Chapter 11 case. [read post]
18 Mar 2024, 5:23 pm
All 111,000 of Lehman’s customers were fully repaid the $106 billion owed to them, and secured creditors received full payouts. [read post]
18 Mar 2024, 2:08 pm
We’ve negotiated many deals with creditors. [read post]
18 Mar 2024, 11:36 am
It helps assess whether an individual or household has enough disposable income to repay creditors. [read post]
18 Mar 2024, 11:19 am
In a liquidation, the creditors seize control of the debtors assets … Read more [read post]
17 Mar 2024, 9:01 pm
Chamber of Commerce A broad range of banks expressed concerns ─ Mid-size banks, who would be subject to the Proposal, and small banks alike commented ─ Both publicly-traded and privately-traded banks were well represented Concerns about new fiduciary duties Many commenters raised concerns about the Proposal’s requirement that boards consider the interests of all stakeholders, including “shareholders, depositors, creditors, customers, regulators, and the… [read post]
16 Mar 2024, 7:21 am
Asset Protection If you have concerns about potential creditors coming after your hard-earned money while you are alive or creditors or ex-spouses taking the inheritance of your beneficiaries (spouse, children, loved ones, etc.) after your death, you will need an estate plan that has been specifically crafted to protect your life savings from potential creditor claims and legal challenges. [read post]
15 Mar 2024, 1:37 pm
It does not affect title or the interests of your secured creditors, and therefore does not constrain your ability to sell, mortgage, or transfer the property as you see fit during your lifetime. [read post]
