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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 by Cathy Moran
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 by Sam Grice
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 by Caroline Theodosiou
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]
5 Nov 2017, 6:02 am by Wolfgang Demino
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 by Wolfgang Demino
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 by Amanda Pickens
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 by Mitu Gulati
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 by Weiss & Weiss
  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 by westadmin
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 by Matthew Lippa and Lucy Liu
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, 4:30 am by Megan B. Center
Lastly, the “continuity of enterprise” exception did not apply because judgment creditors cannot rely upon it. [read post]
1 Nov 2017, 2:15 pm by SHanson
Both involve developing a plan to pay back your creditors over time. [read post]
1 Nov 2017, 11:34 am by Liisa Speaker
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]