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28 Feb 2019, 3:54 pm
To avoid this potential confusion, the amendment adds to the terms “creditor” and “debtor” the more general terms “releasing party” and “released party,” respectively. [read post]
28 Feb 2019, 2:34 pm
Do creditors really accept these plans and what is the success rate? [read post]
28 Feb 2019, 1:20 pm
The creditor in a valid account stated may recover thereon without pleading and proving the original items of the indebtedness. [read post]
28 Feb 2019, 12:04 pm
Our current American bankruptcy system seeks to strike a careful balance between the interests of debtors seeking a fresh start and that of creditors seeking a return on their business investments. [read post]
28 Feb 2019, 8:38 am
During probate, creditors are given time to come forward, and this is a completely fair safeguard. [read post]
28 Feb 2019, 8:26 am
You’re already being harassed by creditors and debt collectors, you may be facing foreclosure, and other legal actions. [read post]
28 Feb 2019, 7:11 am
Do creditors really accept these plans and what is the success rate? [read post]
28 Feb 2019, 6:00 am
This decision grants a motion to dismiss by accounting firm KPMG on jurisdictional and substantive grounds in litigation involving creditors and bondholders of a KPMG client. [read post]
28 Feb 2019, 4:00 am
Living Trusts offer a variety of benefits such as avoiding probate, protecting property from creditors, and reducing or eliminating estate taxes. [read post]
28 Feb 2019, 2:16 am
Hemler: Recognition of a French astreinte in California The French astreinte is a private penalty payable to the creditor designed to bend the debtor’s will. [read post]
27 Feb 2019, 3:22 pm
Familiar with a lot of sophisticated legal jargon.But even my eyes glazed over when I read Justice Grimes' summary of today's opinion:"The question in this interpleader action is which adverse claimant was entitled to the interpleaded funds: a judgment creditor with a properly recorded judgment lien, or an assignee who did not file a financing statement with respect to distributions irrevocably assigned to it by the judgment debtor before the judgment lien was… [read post]
27 Feb 2019, 2:14 pm
Likewise, the classical Islamic law of bankruptcy (iflaas) recognized a respite for overextended debtors only "until ease," not a discharge (without creditor consent), as creditors were allowed to continue their pursuit of repayment once the debtor acquired assets beyond the bare essentials. [read post]
27 Feb 2019, 7:40 am
In China this liability would generally be as follows: The shareholder will be held liable if it does not contribute required capital to the China WFOE and that failure results in the WFOE not paying its taxes, employee salaries, or in a fraud against creditors. [read post]
27 Feb 2019, 6:33 am
For unknown creditors, the personal representative must publish a notice to creditors in a newspaper of general circulation in the county where the decedent lived. [read post]
27 Feb 2019, 6:33 am
For unknown creditors, the personal representative must publish a notice to creditors in a newspaper of general circulation in the county where the decedent lived. [read post]
27 Feb 2019, 5:01 am
"This statute means that all United States money as identified above are a valid and legal offer of payment for debts when tendered to a creditor. [read post]
27 Feb 2019, 4:00 am
Revocable Living Trust Revocable living trusts are useful estate planning tools that some individuals use to avoid probate; decrease or eliminate estate taxes; and, protect property from creditors. [read post]
26 Feb 2019, 6:47 pm
Florida law limits creditor remedies for fraudulent transfers. [read post]
26 Feb 2019, 10:45 am
Probate The estate is the total amount of property that is owned by the decedent at his or her death (excluding real property unless it is necessary to pay creditors) and that has not already been set up to transfer automatically (such as transfer by joint tenancy or payment to a named beneficiary of an insurance policy). [read post]
25 Feb 2019, 8:03 pm
Exemptions are protected assets that cannot be taken by the bankruptcy trustee or creditors. [read post]
