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26 Jan 2024, 10:31 am
Here are some key points to consider: Chapter 7 Bankruptcy: In Chapter 7 bankruptcy, your non-exempt assets may be sold to pay off creditors. [read post]
26 Jan 2024, 4:11 am
A judgment in New Jersey is a court order requiring a party (the debtor) to pay a sum of money to another party (the creditor). [read post]
26 Jan 2024, 3:44 am
The following minimum contents of a SEA is outlined in the SS (with the level of detail which must be set out required to be proportionate to the nature, scale and complexity of the firm): Solvent exit actions, setting out: how a firm would carry out a solvent run-off of its liabilities, being prudent about its ability to sell or transfer any part of the business or its insurance liabilities to another insurer and the valuations achieved during such sales or transfers; appropriate alternatives, such… [read post]
25 Jan 2024, 5:47 am
If the deceased did not have enough assets to pay off the debts, the creditors may require a sale of the assets of the estate to address the debt, but that’s it. [read post]
25 Jan 2024, 3:30 am
Miami Tower 100 SE 2nd Street, Suite 3105 Miami, Florida 33131 Main: 305.567.5576 Fax: 305.567.9343 Email: GMP@assoulineberlowe.com http://www.assoulineberlowe.com/ LinkedIn || Twitter Intellectual Property, Labor & Employment, Creditors’ Rights & Bankruptcy, Business Litigation, Corporate & Finance, Real Estate, International Law, Succession Planning [read post]
24 Jan 2024, 6:00 pm
If you are a creditor, you are adverse to your daughter, who is a debtor. [read post]
24 Jan 2024, 5:41 pm
Once a probate is open, a creditor has only four months from the date the executor or administrator is appointed to file a claim in probate. [read post]
24 Jan 2024, 8:24 am
It can be filed voluntarily by the debtor or initiated by their creditors through a court order. [read post]
24 Jan 2024, 5:54 am
Under Oregon law, there are a number of steps a trustee must take to properly administer a trust, including the following: Provide notice to beneficiaries Determine whether there are assets titled outside the trust requiring probate Deal with creditors Pay debts and expenses File the decedent’s income tax return Ensure trust assets are properly valued Prepare an accounting Distribute the trust assets in accordance with the instructions Under Oregon law, a trustee must… [read post]
23 Jan 2024, 12:33 pm
This podcast does not constitute the creation of an attorney-client relationship.Raleigh, NCBusiness, Construction, & Creditor's Rights AttorneysVaried backgrounds and expertise of dedicated attorneys and staff providing clients with effective and efficient legal advice and representation throughout North Carolina.Learn MoreJames R. [read post]
23 Jan 2024, 9:38 am
– Representation and Advocacy In both types of bankruptcy, having an attorney means having an advocate who represents your interests, whether in negotiations with creditors or in the courtroom. [read post]
23 Jan 2024, 6:00 am
One such tool available to judgment creditors is garnishment, the legal mechanism that provides a portion of a judgment debtor’s wages or funds withheld to the creditor instead. [read post]
23 Jan 2024, 5:00 am
Lender Liability Under Environmental Laws in Real Estate Transactions Review this practice note discussing the risks real estate lenders and other secured creditors face under various environmental laws. [read post]
22 Jan 2024, 8:13 am
The public policy behind exemptions as preserving the assets necessary for basic living overrides the laws against transfers to hinder creditors. [read post]
22 Jan 2024, 4:40 am
Both creditors and debtors must have a thorough understanding of creditor rights and legal procedures in cross-border bankruptcy cases. [read post]
22 Jan 2024, 3:10 am
Be prepared to share details about your expenses, creditors, and any legal actions taken against you. [read post]
21 Jan 2024, 11:28 pm
Some states offer homestead exemptions that protect a certain amount of home equity from creditors. [read post]
21 Jan 2024, 8:33 am
They are initiated after a creditor obtains a court judgment but finds that the... [read post]
21 Jan 2024, 6:02 am
This legal instrument is typically issued after a creditor... [read post]
21 Jan 2024, 4:52 am
In that case, a probate lawyer can take over the process of satisfying creditors’ claims and addressing tax liabilities. [read post]
