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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]
15 Feb 2019, 1:22 pm
The bank will report to the creditor the money that is in the account which can be taken by the creditor. [read post]
15 Feb 2019, 1:04 pm
The executor plays a very important role after the testator (the deceased will maker) dies as they have a number of duties including the task of tracking down assets, paying creditors, and making sure beneficiaries named in the will receive property to which they are entitled. [read post]
15 Feb 2019, 11:49 am
Ability to Repay and Qualified Mortgage Standards Rule, which treats certain balloon-payment mortgages as qualified mortgages if they are originated and held in portfolio by small creditors that meet the rural-or-underserved test above and certain additional conditions Home Ownership and Equity Protections Act of 1994 (HOEPA) rule, which generally bans balloon payments for mortgages that fall within HOEPA’s high-cost mortgage coverage test, unless they meet the rural-or-underserved… [read post]
15 Feb 2019, 8:57 am
Exemptions or exempt property in a United States bankruptcy case is where a debtor is permitted to keep certain property from unsecured creditors such as personal belongings, your home, vehicle, tools needed to perform your job, or retirement plans. [read post]
15 Feb 2019, 8:37 am
When you want to keep your assets such as a home or vehicles you may not want to file for Chapter 7 which will liquidate your assets and pay your creditors. [read post]
15 Feb 2019, 4:00 am
The result was that its creditors came ahead of the company’s obligation to clean up old oil wells. [read post]
14 Feb 2019, 1:07 pm
During this process, creditors would be given a chance to come forward seeking satisfaction, and final taxes and other expenses would be paid. [read post]
14 Feb 2019, 8:58 am
In this week’s podcast, we take a close look at the FAQs and what they tell creditors, particularly its guidance on when a corrected Closing Disclosure and new three-day waiting period are required (with a caution for those selling to investors) and the safe harbor for using a model form. [read post]
14 Feb 2019, 8:46 am
That automatic stay applies whether or not the creditor knows about it. [read post]
14 Feb 2019, 8:33 am
” In total, Puerto Rico owes over $70 billion to bondholders and other creditors, as well as another $50 billion in unfunded pension obligations. [read post]
