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6 Nov 2017, 9:00 am
Incorporating a business is important for two primary reasons: (1) to protect personal assets from business creditors; and (2) to obtain favorable tax treatment for all business income. [read post]
6 Nov 2017, 9:00 am
Although notice of this meeting is sent to everyone you list as a creditor in your petition, it is extremely rare for a creditor to actually attend. [read post]
6 Nov 2017, 9:00 am
In this Learn About Law podcast & videoblog, attorney Kevin O'Flaherty of O'Flaherty Law discusses the Chapter 7 Bankruptcy process in Illinois including filing the bankruptcy petition, taking credit counseling courses, preparing bankruptcy schedules, appearance at the first meeting of creditors, and creditors' objections to discharge. [read post]
6 Nov 2017, 9:00 am
Probate is a court case wherein the probate court oversees the administration of an estate in order to ensure proper payment to heirs and creditors. [read post]
6 Nov 2017, 6:55 am
Usually, actually getting sued is often just a symptom of a much larger problem: it’s not just the creditor who filed this suit, but the bunch of other creditors who aren’t getting paid either. [read post]
6 Nov 2017, 3:54 am
The main reason for this adjustment is that the buyer generally wants reassurance that they the target has the satisfactory working capital to achieve the requirements of the business post-deal, including responsibilities to customers and creditors. [read post]
6 Nov 2017, 1:39 am
While a creditor can surely vote in its own interests, it must do so while being cognisant of the interests of the other creditors and stakeholders. [read post]
6 Nov 2017, 12:00 am
A Trustee is responsible for distributing the money to creditors. [read post]
5 Nov 2017, 6:02 am
Available at: http://scholarship.kentlaw.iit.edu/cklawreview/vol92/iss2/12 Madden v Midland involved debt that was not only in delinquent, but already charged off by the original creditor (FIA Card Services p/k/a Bank of America, N.A.). [read post]
5 Nov 2017, 6:02 am
Available at: http://scholarship.kentlaw.iit.edu/cklawreview/vol92/iss2/12 Madden v Midland involved debt that was not only in delinquent, but already charged off by the original creditor (FIA Card Services p/k/a Bank of America, N.A.). [read post]
3 Nov 2017, 10:51 am
October 12, 2017) (putative collective and class action brought under FDCPA alleging defendants issued threatening collection letters with misleading and confusing information regarding the identities of creditors and debtors.) [read post]
3 Nov 2017, 10:11 am
In addition, private investigators, creditors, educational institutions, employers, and others won’t find any information about your arrest or conviction. [read post]
2 Nov 2017, 9:29 pm
Maduro, on the one hand, announced that PDVSA (the big state-owned oil company that produces 95% of Venezuela's foreign currency earnings) was making its latest payment to creditors (due today) and, on the other hand, announced that a restructuring was being planned immediately. [read post]
2 Nov 2017, 7:33 am
Furthermore, a judgment creditor may file a motion at the end of the ten year period to extend the lien for an additional ten years. [read post]
2 Nov 2017, 7:15 am
Doctors Debra and Sajid Ravasia of Spokane Washington jointly filed a massive $191 million bankruptcy in January of this year owing as many as 8,000 creditors. [read post]
2 Nov 2017, 7:00 am
Discharge A prospective purchaser should conduct due diligence searches on both CIPO and the applicable personal property security registries to determine if any security interest has been registered in favour of a third party creditor that need to be discharged or otherwise addressed prior to closing. [read post]
2 Nov 2017, 5:00 am
PREPAs creditors are owed about $9 billion. [read post]
2 Nov 2017, 4:30 am
Lastly, the “continuity of enterprise” exception did not apply because judgment creditors cannot rely upon it. [read post]
1 Nov 2017, 2:15 pm
Both involve developing a plan to pay back your creditors over time. [read post]
1 Nov 2017, 11:34 am
writ of garnishment: an order requiring a third-party to withhold some type of property (usually money) of the defendant's (also called the “garnishee” or “judgment debtor,”) for delivery to a creditor to whom they owe an overdue debt. [read post]