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21 Dec 2018, 10:00 am
If your business is on the verge of closing due to creditor actions or foreclosure, a Chapter 11 bankruptcy filing is the first step you can take to stop the actions creditors take against the business. [read post]
21 Dec 2018, 3:06 am
Overbiffing is the practice of a creditor overstating the amount a debtor owes on their bill. [read post]
20 Dec 2018, 4:00 pm
Most creditors will only give a loan for a home purchase if the borrower also agrees to give the lending company a mortgage. [read post]
20 Dec 2018, 2:59 pm
But, prior to the confirmation hearing, creditors also have a chance to object to debtor discharging debts with creditor for certain reasons identified in Section 523 of the Bankruptcy Code. [read post]
20 Dec 2018, 2:22 pm
The claims against directors fell into the main following categories: Breach of duty of care Wrongful trading Failure to promote the success/ act in the best interest of the company Failure to act in the best interest of creditors Unfair prejudice Directors Disqualification Act The claims trend In terms of the claims trend, both in terms of claimant success rate and total numbers, the litigation landscape is unquestionably worsening for directors. [read post]
20 Dec 2018, 11:23 am
The bill would force lawyers, accountants, consultants, agents and other professionals related to the process of restructuring Puerto Rico’s debt to disclose connections with debtors, creditors, the FOB and employees of the Board, among others, to the Office of the Bankruptcy Trustee before receiving compensation. [read post]
20 Dec 2018, 9:25 am
Which creditor gets 100% Bankruptcy law gives special standing for repayment to two common kinds of creditors. [read post]
20 Dec 2018, 7:47 am
Creditor calls are often ignored, this is human nature. [read post]
19 Dec 2018, 3:04 pm
Section 341 of the Bankruptcy Code requires debtor(s) to submit to an examination, under oath, by the Chapter 13 trustee, or a representative of the trustee. [read post]
19 Dec 2018, 7:31 am
The Bankruptcy Court in Indiana denied the student loan creditor’s motion to compel arbitration of the debtor’s dischargeability proceeding under Code § 523(a)(8). [read post]
19 Dec 2018, 1:00 am
Here are the two main Ch. 7 bankruptcy options for your car: If you don’t want to keep your vehicle, you can surrender it to the creditor after your bankruptcy is filed. [read post]
19 Dec 2018, 1:00 am
Here are the two main Ch. 7 bankruptcy options for your car: If you don’t want to keep your vehicle, you can surrender it to the creditor after your bankruptcy is filed. [read post]
18 Dec 2018, 3:22 pm
WHAT IF THE CREDITOR'S JUDGMENT IS ENTERED BEFORE YOU FILE BANKRUPTCY? [read post]
18 Dec 2018, 4:53 am
If you have been unsuccessful when trying other methods to pay down your debt if working with your creditors didn’t work due to you being unable to keep up with the payments or creditors being inflexible. [read post]
18 Dec 2018, 4:12 am
The remaining cash leftover can be divided between payments towards creditors and savings. [read post]
17 Dec 2018, 6:40 pm
WHAT IF THE CREDITOR’S JUDGMENT IS ENTERED BEFORE YOU FILE BANKRUPTCY? [read post]
17 Dec 2018, 4:13 pm
It does not mean that you had to necessarily contract with the judgment creditor to build something. [read post]
17 Dec 2018, 4:00 pm
Claims include assertions by prior owners, third-parties, creditors, and others that they have an interest in the property. [read post]
17 Dec 2018, 1:13 pm
The restraint on the part of the creditors for these past many months, I suspect, was not out of any especially benevolent feelings the creditors have towards the Venezuelan government. [read post]
17 Dec 2018, 10:39 am
f you’ve already tried other alternatives to work with your creditors and have been unsuccessful either because the creditors were inflexible or because you were unable to follow through with your payments, it may be time to seriously consider bankruptcy. [read post]
