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16 Jul 2018, 1:40 pm
For example, if you had 100k in debt and your creditors all said- forget about it and wiped it out that is fantastic, except, you now will have to pay taxes on the 100k. [read post]
16 Jul 2018, 1:03 pm
NCA also sold consumer debt to one of the Agencies as a means of convincing original creditors to approve NCA’s business practices and NCA and the CEO defended the Agencies when original creditors raised concerns about their collection practices. [read post]
16 Jul 2018, 6:49 am
Spouses can use an SRT to shield one or the other from creditors. [read post]
16 Jul 2018, 6:49 am
Spouses can use an SRT to shield one or the other from creditors. [read post]
16 Jul 2018, 6:00 am
Both governments and private companies have the unique ability—beyond what is available to most other creditors—to enforce collection of criminal justice debt through the criminal legal system. [read post]
14 Jul 2018, 11:08 am
Worse, the homestead is only effective against certain kinds of creditors. [read post]
13 Jul 2018, 6:38 pm
These expenses include creditor claims. [read post]
12 Jul 2018, 10:23 pm
If the beneficiary doesn’t have a right to receive payments from the trust, neither does the beneficiary’s creditors, spouse or children. [read post]
12 Jul 2018, 10:23 pm
If a beneficiary cannot compel a trustee to disburse assets, nor can the beneficiary’s creditors, spouse, children, or a judge. [read post]
12 Jul 2018, 5:37 pm
Allegedly, this was all a part of a scheme to shelter the California defendant’s assets from the judgment creditor. [read post]
12 Jul 2018, 5:13 pm
If a spouse enters into a deed that has specific statutory language, then the deed will constitute a valid waiver of spousal homestead rights for descent and distribution purposes (but not for creditor protection purposes or for purposes of avoiding spousal joinder on inter vivos transfers of homestead).For those with an interest, I have a more extended commentary in the Waiver section of my treatise, Rubin on Florida Homestead (www.rubinonfloridahomestead.com). [read post]
12 Jul 2018, 9:40 am
The obligor failed to repay many of the loans, and the creditor sued. [read post]
12 Jul 2018, 8:41 am
Well, almost, however while paying back a creditor for less than what you owe is a smart play, you should be aware of how the IRS looks at your debt negotiation deal. [read post]
12 Jul 2018, 7:54 am
More precisely, the holding entity was found to have required the French subsidiary to do the following: – make a financial contribution to the group beyond the subsidiary’s financial capacity; – effect a free transfer of a trade mark license to another entity of the group while the French subsidiary continued to bear the license fee; – provide a real estate guarantee for the benefit of another entity of the group; – purchase a stock of goods to another entity of the… [read post]
12 Jul 2018, 7:03 am
I love a fight to get creditors to do what the law provides. [read post]
12 Jul 2018, 4:38 am
Beginning in 2009, without the plaintiffs’ permission or knowledge, Strows drafted a total of 132 checks on the PC’s business checking account and Weiser’s personal checking account, both of which were maintained with the Citibank defendants, and made them payable to her personal creditors, including Citigroup and CCSI, which respectively issued her credit card and managed her credit card account. [read post]
11 Jul 2018, 8:03 am
Deloitte, PricewaterhouseCoopers, KPMG, and Grant Thornton largely support the SEC’s efforts to amend its rule on auditor independence with respect to certain loans or debtor-creditor relationships. [read post]
10 Jul 2018, 7:58 am
One speaks here of an investment of around $510 dollars, smaller than the operating budget of many small universities in North America, and hardly enough to warrant the interests of the U.K. vulture funds sitting on substantial amounts of defaulted Cuban sovereign debt (Cuba Creditor Hires Lawyer Who Won Argentina Debt Settlement ("seeking a payout from the Cuban government on more than $1.3 billion in defaulted debt and back interest")).Yet it is a start, and Cuba a… [read post]
10 Jul 2018, 5:50 am
The bankruptcy trustee administers any non-exempt assets and then distributes them to creditors. [read post]
10 Jul 2018, 2:00 am
Trusts allow grantors to control the distribution of their assets, protect their estates from creditors and others they do not wish to receive their assets, and offer grantors a private means of passing assets to beneficiaries.How Do Pet Trusts Work? [read post]
