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26 Oct 2011, 12:16 pm
Chapter 7, in particular, the trustee’s responsibility is to “look back” at the actions the debtor has taken to insure that there hasn’t been a fraudulent conveyance of assets, a non-allowed preference payment to creditors or other actions that [...] [read post]
23 May 2013, 9:04 am
Each province has rules in place which are intended to protect creditors and beneficiaries of an estate by preventing executors from legally accessing the deceased's assets, then leaving the jurisdiction without paying bills or distributing the [read post]
20 Apr 2023, 10:00 pm
The decision raises further questions as to the legal status of cryptocurrencies and, in particular, the ability of creditors to initiate and pursue insolvency proceedings in Singapore based on a claim denominated in cryptocurrency. [read post]
5 Feb 2008, 5:00 pm
The premise of Chapter 13 is that the debtor gets protection from his pre filing creditors, and pays them from his [...] [read post]
19 Mar 2009, 3:59 am
Banks or other creditors have the right to set-off debts they have against you against money you have on deposit at their bank. [read post]
3 Jun 2010, 8:04 am
Beneficiaries and creditors have a vested interest in having [read post]
9 Jul 2012, 8:48 am
There could be some fireworks Monday afternoon in federal bankruptcy court in lower Manhattan, as the team winding down the defunct law firm Dewey & LeBoeuf LLP squares off against the Justice Department's bankruptcy watchdog and lawyers for the firm's unsecured creditors over the number of professionals needed to liquidate the firm. [read post]
3 Nov 2014, 4:39 pm
Nov. 8, 2013), the district court held that the bankruptcy court did not err in ruling that a mortgage creditor’s filing a proof of claim for an unsecured deficiency judgment debt that had been discharged in the debtors’ prior bankruptcy case violated the discharge [...] [read post]
6 May 2016, 6:59 am
The Consumer Financial Protection Bureau has released a proposal to prohibit creditors from using arbitration clauses to block class action litigation. [read post]
30 Jan 2021, 8:37 am
The problem is, that bills still keep coming due, and your creditors are not very sympathetic and understanding when your finances (and life in general) are in flux. [read post]
19 Jul 2013, 6:00 am
This week in bankruptcy news: A video game production company finally sees an end to their 8 month bankruptcy case as a judge approves asset liquidation to resolve debt obligations to creditors. [read post]
28 Oct 2014, 1:00 am
Generally, it is an option for debtors to make a deal with creditors to repay debt in a 3-5 year timeframe. [read post]
5 Jul 2014, 11:53 am
Exemptions in property allow the property to be protected from a judgment creditor or bankruptcy trustee up to the amount of the exemption. [read post]
31 May 2009, 10:12 am
They get one trustee, one case number, one meeting of creditors, etc. [read post]
16 Apr 2021, 8:05 am
This means that those you owe a debt to, your creditors, are not allowed to keep asking you for money. [read post]
21 Apr 2021, 5:27 am
As part of a judgment, the court orders one party (the debtor) to pay money to another (the creditor). [read post]
25 Feb 2019, 8:03 pm
Exemptions are protected assets that cannot be taken by the bankruptcy trustee or creditors. [read post]
2 Nov 2009, 2:42 am
“Investors in the world's largest structured investment vehicle (SIV) are set to recover their money after the UK's highest court clarified how the remains of Sigma Finance Corporation should be divided among competing creditors. [read post]
8 Jul 2016, 11:47 am
For many people the notion is that a debt is a debt and there is nothing to distinguish between one creditor and another, but this is an assumption that is incorrect. [read post]
30 Jun 2020, 10:00 pm
Crucially, the moratorium provisions in the CIG Act do not displace the protections afforded to creditors who have registered their interests under the Cape Town Convention. [read post]
