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3 Sep 2010, 6:25 pm
And of course, requirements that raise costs also take away money that could be used to pay off creditors. [read post]
28 Feb 2013, 10:01 pm
A secured creditor is a creditor who has extended you credit to purchase a tangible asset like a car or home. [read post]
19 Jun 2019, 7:20 am
In particular, Rule 2-01(c)(1)(ii)(A) (the "Loan Provision") covers debtor-creditor relationships and generally provides that an auditor is not independent if that auditor is in a lending relationship with its audit client. When the Loan Provision was proposed, and later adopted, in 2000, the Commission noted its concern that a debtor-creditor relationship could create a self-interest that competes with the auditor's obligation to serve only investors'… [read post]
1 Feb 2013, 10:07 am
”Lawyers for Indalex had argued that shuffling creditor priority goes against the purpose of the CCAA, which is meant to protect troubled companies from creditor pressures.They also argued companies facing insolvency would struggle to get loans to keep them afloat if debtor-in-possession lenders aren’t sure their repayment takes precedence.Friday’s decision “probably puts people back in the sort of practical position we were in before the Ontario Court of… [read post]
7 Jul 2014, 10:00 am
The SOL is the point in time when the debt collector or creditor files a lawsuit to get back money owed, which is the debt. [read post]
2 Oct 2016, 10:49 am
When lending to servicemembers and their dependents creditors must abide by the following requirements:A 36 percent rate cap: Creditors cannot charge servicemembers or their covered dependents more than a 36 percent Military Annual Percentage Rate, which generally includes the following costs (with some exceptions): finance charges, credit insurance premiums or fees, add-on products sold in connection with the credit extended, and other fees such as application or… [read post]
7 Aug 2013, 2:14 pm
Notify anyone that may be affected by the closure - especially creditors. [read post]
23 Jan 2023, 8:51 am
During your case, creditors will be notified and given the opportunity to object to the discharge of your debts. [read post]
6 Apr 2023, 9:33 am
The discharge means that creditors can no longer collect on those debts. [read post]
5 Dec 2009, 1:51 pm
The Chapter 13 Trustee usually is the party who will determine whether you are paying sufficiently to your unsecured creditors. [read post]
18 Dec 2007, 7:18 am
In sum, a creditor does not waive his rights as a lender simply by virtue of also having fiduciary duties as a director. [read post]
15 May 2009, 2:43 pm
May 08, 2009) The IRS is the "über" creditor of any probate estate. [read post]
16 Feb 2010, 10:28 am
So you are thinking about filing for bankruptcy, but worried because a creditor has already gone to court to get an attachment against your home (or some other piece of property)? [read post]
27 Jul 2012, 2:51 pm
On July 18, Representatives Luetkemeyer (R-MO) and Baca (D-CA) introduced H.R. 6139, a bill that would create a national charter for qualified non-depository creditors, to be known as National Consumer Credit Corporations (NCCCs). [read post]
12 Jun 2012, 6:05 am
The failed firm’s partners in the United Arab Emirates have filed for creditor protection in the hopes of receiving end-of-service payments. [read post]
18 Feb 2011, 12:02 pm
Retirement accounts are protected from creditors and in Massachusetts bankruptcy. [read post]
30 Jan 2013, 11:58 am
(Remember, A-Rod was one of the largest unsecured creditors of the Texas Rangers.) [read post]
12 Jun 2012, 6:05 am
The failed firm’s partners in the United Arab Emirates have filed for creditor protection in the hopes of receiving end-of-service payments. [read post]
1 Jun 2012, 8:00 am
Nadya Suleman, known in the media as the "Octomom," recently filed for Chapter 7 bankruptcy protection, claiming up to $1 million in debt owed to twenty-one creditors. [read post]
11 Jan 2012, 2:18 pm
As is demonstrated over and over again, a creditor's money/default judgment is as good as the validity of service (delivery to defendant-debtor) of the underlying court papers (summons and complaint). [read post]
