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30 Oct 2017, 8:02 am
Once the IRS files a federal tax lien, all other creditors or potential buyers have notice of the lien. [read post]
8 Jan 2010, 5:30 am
The duties of the personal representative are: to inventory and collect the decedent’s assets; to manage the assets during administration; to receive and pay the claims of creditors and tax collectors; and to distribute the remaining assets to the decedent’s beneficiaries. [read post]
31 Jan 2021, 8:47 pm
In terms of the Prescription Act a debt is due, owing and payable when the creditor, that is the claimant, acquires a complete cause of action for the recovery of the debt. [read post]
15 Jun 2012, 6:13 am
In other words, when were the now defunct firm’s unsecured creditors going to start avoidance actions against shareholders whose bloated compensation packages sucked the firm dry of working capital? [read post]
14 Jul 2008, 12:28 am
Financial assistance by a company to assist buying shares in the company is allowed under the conditions set out in s260A(1) ie if it does not materially prejudice the company or its members or its ability to pay creditors or it is approved by shareholders under s260B or it is exempt under s 260C It is also necessary to comply with chapter 2E CA, if there is the provision of a financial benefit to a director: s 208(1) CA But there is no definition of "financial assistance"… [read post]
14 Nov 2016, 10:05 am
A renowned innovative teacher, Professor Neustadter specializes in debtor-creditor law, contracts, consumer protection, and legal practice. [read post]
21 Feb 2011, 3:07 am
This means the Trustee cannot liquidate your home to pay back your creditors. [read post]
12 Sep 2012, 7:34 am
NFA Returns Peregrine FineIn a gesture intended to help Peregrine Financial Group’s former clients and other creditors recover more of their funds, the National Futures Association (NFA) has returned a fine levied on the troubled brokerage in February, a spokesman for the agency said. [read post]
28 Apr 2017, 1:16 pm
Rather, creditors must wait until the trustee makes distributions to the beneficiary. [read post]
13 Mar 2010, 4:05 am
Yes, your creditors may also appear, but it is unlikely that they will appear. [read post]
10 Jan 2008, 6:31 pm
The issue is whether collection restrictions imposed by Florida statutes, or other restrictions imposed on creditors by the LLC operating agreement, are binding upon a bankruptcy trustee. [read post]
3 May 2011, 6:14 am
The FDCPA provides guidelines that creditors must follow when trying to collect debts from consumers. [read post]
15 Jan 2021, 8:35 am
Justice Sonia Sotomayor issued a concurrence where she emphasized that the court had not “decided whether and when §362(a)’s other provisions may require a creditor to return a debtor’s property. [read post]
31 May 2007, 4:42 am
" The motions were filed as part of his efforts to administer an asset for the benefit of creditors. [read post]
13 Mar 2010, 8:01 am
Yes, your creditors may also appear, but it is unlikely that they will appear. [read post]
28 May 2010, 7:20 am
These assets are liquidated then used to repay creditors and overdue accounts. [read post]
30 Oct 2009, 8:47 am
Judge Reggie Walton said he had trouble accepting the FTC’s definition of a creditor. [read post]
22 Apr 2009, 5:59 pm
A debt collector including the creditor itself must not contact a California debtor who it knows is represented by an attorney. [read post]
22 Apr 2009, 7:30 am
A debt collector including the creditor itself must not contact a California debtor who it knows is represented by an attorney. [read post]
4 Oct 2009, 8:08 am
On October 1, 2009, the Official Committee of Unsecured Creditors appointed in the bankruptcy cases of DHP Holdings II Corporation and its affiliates filed a motion requesting that the bankruptcy court convert the companies' chapter 11 cases to cases under chapter 7 of the Bankruptcy Code. [read post]
