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25 Sep 2021, 4:00 am
For example, if a creditor forgives a debt of $20,000, you would have an additional $20,000 for taxable income. [read post]
5 Jul 2007, 6:30 am
In a previous note, I discussed how a bankruptcy debtor is obligated to assist the trustee in liquidating non-exempt assets for the benefit of creditors. [read post]
11 Feb 2010, 1:56 pm
Miami Partner and member of Arnstein & Lehr’s Bankrptcy & Creditors’ Rights Practice Group, Phillip Hudson, III, discussed bankruptcy “contagion theory” in the February 3 issue of the Daily Business Review. [read post]
5 May 2020, 1:29 pm
And what it all comes down to is this very relevant question: Should you protect your family over your creditors or not? [read post]
2 Dec 2021, 5:30 am
Among the abuses identified by Congress was the easy access to chapter 7 liquidation proceedings by consumer debtors who, if required to file under chapter 13, could afford to pay some dividend to their unsecured creditors. [read post]
25 Aug 2010, 2:00 am
If the plan is ERISA qualified, then your bankruptcy Trustee cannot seize your retirement money to pay your creditors. [read post]
7 Nov 2012, 11:04 am
The bankruptcy filing indicates the company is leaving thousands of creditors owed over $100 million. [read post]
28 Apr 2016, 12:41 pm
It can be most stressful and overwhelming when creditors are on the hunt for their money. [read post]
24 Feb 2017, 9:15 am
The result of the modification was to reduce the plan to 36 months from 60 and reduce the repayment to unsecured creditors by 80 percent. [read post]
11 Mar 2013, 12:08 pm
Debtors may consider this option after negotiation attempts with their creditors fall through or when they need legal assistance in making payments they can afford. [read post]
2 Dec 2019, 10:20 am
Garnishment Creditors are prohibited from garnishing your wages after you file your bankruptcy papers with the court. [read post]
14 Nov 2008, 3:24 pm
Nov. 11, 2008) (click here for petition and 20 largest unsecured creditors). [read post]
9 Feb 2007, 7:50 am
On Jan. 31, his company’s $9.8 billion bid for Delta Air Lines was rejected by its bankrupt rival’s committee of creditors. [read post]
3 May 2007, 10:01 am
Creditors are no longer able to hide these violations from the Debtor’s attorneys like they used to. [read post]
28 Apr 2014, 9:25 am
If you have children you may have concerns about their property and whether bankruptcy can assist in keeping them away from creditors. [read post]
16 Sep 2008, 12:10 pm
A worldwide battle began on Monday over the remains of Lehman Brothers as the biggest bankruptcy filing in history sent creditors scrambling to protect their investments, The New York Times’s Jonathan D. [read post]
4 Feb 2007, 8:29 pm
Trustee Program's efforts to combat bankruptcy fraud (OIG Report No. 03-17), to evaluate panel trustees' performances in activities that could help identify fraud, the U.S. trustee reviews or attends at least one of the trustee's section 341 meetings of creditors? [read post]
7 Dec 2018, 9:13 am
In consumer debtor cases, a preference is typically a payment of $600 or more to a general unsecured creditor made within 90 days prior to filing the Chapter 13 Bankruptcy. [read post]
23 Jan 2011, 7:43 pm
It’s not about cheating your creditors–it’s really about being a responsible person and getting your financial act together so that you can take care of yourself and your family. [read post]
3 Sep 2020, 12:09 pm
The Securities and Exchange Commission today charged Daniel Kamensky, co-chair of the unsecured creditors committee in the Neiman Marcus Group Ltd. [read post]
