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6 Sep 2018, 8:51 pm
This ordinarily involves significant debts and more than one creditor, however. [read post]
6 Sep 2018, 2:18 pm
Herewith, the sad ending to the demise of a once-great lawfirm that cratered about five years ago, sticking creditors with large unpaid debt. [read post]
7th Cir. Holds Plaintiff’s Settlement of Parallel Claim Against Another Defendant Mooted FDCPA Claim
6 Sep 2018, 2:09 pm
Court of Appeals for the Seventh Circuit recently reversed a judgment against a debt collector, finding that the plaintiff’s settlement with the creditor for the same indivisible injury mooted the plaintiff’s federal Fair Debt Collection Practices Act (FDCPA) claims for statutory damages, attorneys’… Ernest Wagner [read post]
6 Sep 2018, 12:52 pm
According to Kobe & Kim’s report, based on the evidence, there is a chance that a court could decide that Banco Popular’s actions may be grounds for multiple claims from both creditors and the Financial Board related to the bankruptcy proceedings. [read post]
6 Sep 2018, 7:12 am
Procedures exist in bankruptcy to alter some liens, but it requires a separate motion, with service on the creditor to be affected. [read post]
5 Sep 2018, 11:04 am
The good news for someone faced with this, is that it will take time for the creditor to figure out how to reach this income – this is time that a settlement can be reached with a private creditor or a federal loan can be rehabbed to cure any default. [read post]
5 Sep 2018, 6:00 am
” While the Contract Clause was incorporated into the Constitution to address legislation enacted after the Revolutionary War to relieve debtors of their obligations to creditors, not all laws affecting pre-existing contracts violate the Clause. [read post]
4 Sep 2018, 9:15 pm
(credit: JP Yim/Getty Images) Theranos has told its investors that the company will wrap up, paying "unsecured creditors its remaining cash," according to The Wall Street Journal. [read post]
4 Sep 2018, 12:41 pm
McCusker represents debtors, creditors, and trustees in Chapter 11 bankruptcy cases and in complex commercial litigation. [read post]
4 Sep 2018, 9:46 am
(q) Creditors. [read post]
4 Sep 2018, 7:00 am
Your plan payment is the amount of money you will pay to your creditors over a three-to-five-year period. [read post]
4 Sep 2018, 2:00 am
Delaware law (sec. 324) appears to envision a relatively informal procedure when a creditor executes on shares in a corporation. [read post]
3 Sep 2018, 8:00 am
Inѕtеаd, іt еnѕurеѕ thаt the tax authority gеtѕ fіrѕt tо сlаіm over оthеr creditors vуіng fоr thе іndіvіduаl’ѕ or buѕіnеѕѕ’ рrореrtу. [read post]
2 Sep 2018, 9:09 am
‘Business Divorce’ refers to disputes in which the owners of a closely held business, whether a corporation, limited liability company, partnership or limited partnership, must separate their business interests. [read post]
2 Sep 2018, 4:01 am
Under the “unanimity regime”, the liquidator was to obtain court approval of their appointment, effect the sale of the property, pay creditors, pay each owner their share of the proceeds of disposition, and obtain approval of his or her final accounts. [read post]
1 Sep 2018, 12:41 pm
Outstanding debts can be attached to an estate or trust if a creditor files a lawsuit against a decedent in court. [read post]
31 Aug 2018, 11:11 am
They are clunky for most small businesses or may not offer as much protection or any protection for owners against business creditors. [read post]
30 Aug 2018, 3:32 pm
Sub-trusts provide asset protection to your beneficiaries from their own creditors, or potential x-spouses. [read post]
30 Aug 2018, 10:00 am
The bankruptcy system promotes a robust economy by providing a structure able to balance the financial needs of individual borrowers and accommodate creditors fairly. [read post]
30 Aug 2018, 8:15 am
Creditors are invited but seldom attend. [read post]
