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25 Feb 2019, 6:20 am
As a broad example, the following classes may exist for an airline business: priority creditors (e.g. employees, tax authorities, airport traffic and ground handing); secured creditors (e.g. aircraft financiers, lessors); trade creditors (who are vital for the operations of the business e.g. catering, fuel); and unsecured creditors. [read post]
24 Feb 2019, 11:16 am
Illinois lawmakers have once again introduced legislation that would change creditor’s debt collection practices. [read post]
23 Feb 2019, 5:44 am
However, crime victims may have power in that scenario as a “creditor” in an adversary proceeding, asking the bankruptcy court to declare an ordinarily dischargeable debt instead nondischargeable. [read post]
22 Feb 2019, 9:34 am
Furthermore, the plaintiff lacked standing to bring his claims against the defendant because he lacked standing to do so; because he had filed for bankruptcy protection from his creditors, only the bankruptcy trustee had standing to take action on the plaintiff’s FLSA claims. [read post]
22 Feb 2019, 9:00 am
After an application to probate the Will has been filed and the Court has authorized an executor to act on behalf of the estate, the executor will be authorized to: collect and inventory the testator’s assets; manage and safeguard the assets during administration; receive and pay the valid claims of creditors and tax collectors; pursue any claims owing to the estate; and distribute the remaining assets to the decedent’s beneficiaries as the testator instructed in the Will. [read post]
22 Feb 2019, 6:22 am
In a recent South Carolina bankruptcy decision, the court held that a secured creditor’s failure to object to its treatment in a Chapter 13 plan constitutes acceptance of the plan under Code § 1325(a)(5)(A). [read post]
21 Feb 2019, 6:00 am
Some of the potential benefits which could stem from the consistent internal valuation of, and reporting on, intangible assets include: Deal draw: more meaningful and fulsome financial reporting would likely prove attractive for potential investors and partners, as well as other lenders and creditors, by allowing for informed decision-making and fostering trust through transparency. [read post]
21 Feb 2019, 5:53 am
Accordingly, where the debtors’ confirmed Chapter 13 plan did not modify the contractual rights of the debtors’ student loan creditor, the creditor did not violate the plan... [read post]
21 Feb 2019, 4:32 am
This discharge is important, especially because it also keeps creditors or collections agencies from communicating with the debtors. [read post]
21 Feb 2019, 4:32 am
This discharge is important, especially because it also keeps creditors or collections agencies from communicating with the debtors. [read post]
20 Feb 2019, 1:04 pm
The creditor in a valid account stated may recover thereon without pleading and proving the original items of the indebtedness. [read post]
20 Feb 2019, 9:45 am
It also gives creditors a chance to present claims for money owed to them. [read post]
19 Feb 2019, 12:00 pm
Between 2010 - 2016, surplus PACER funds have been used to purchase flat-screen TVs for displaying courtrooms evidence and to send automated notices to creditors in bankruptcy cases and to law enforcement agencies.Based on the claim that the US government overcharged PACER users for access to court records between 2010 - 2016, three nonprofit organizations filed a class action lawsuit in 2016 to recover “the excessive portion of PACER fees,” according to the PACER Fees Class… [read post]
19 Feb 2019, 6:19 am
Creditors have diminished incentives to monitor bank management as they can fall back on deposit insurance and potential government bailouts to protect their interests. [read post]
19 Feb 2019, 6:01 am
Florida courts have held that fraudulent transfer law is a collection device only and not a vehicle to award aggrieved creditors additional damages or legal fees. [read post]
18 Feb 2019, 8:24 pm
A creditor can no more ask for arbitration of the discharge than it can ask for arbitration of the petition itself. [read post]
18 Feb 2019, 3:40 pm
., as an agreement that defrauds creditors. [read post]
16 Feb 2019, 8:59 am
., Mercatus] Tags: Arkansas, banks, debtor-creditor law [read post]
16 Feb 2019, 1:59 am
Now, a creditor must look to the deceased spouse’s estate first before pursuing the surviving spouse for payment. [read post]
16 Feb 2019, 1:31 am
A Chapter 7 bankruptcy is more about the liquidation of assets to pay off creditors. [read post]
