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24 Jan 2013, 12:35 pm
Few bankruptcy cases ever get to this point because most people who file for bankruptcy do not have any assets to distribute to the creditors. [read post]
8 Mar 2013, 10:35 am
Creditors of telecoms equipment giant Nortel Networks will find out today how the bankrupt company will proceed in ending the years-long battle over its $9 billion in cash.A Canadian and a U.S. judge will hold a joint conference call at 2 p.m. [read post]
13 Feb 2014, 6:05 pm
Lastly, the assets are placed beyond the reach of the grantor’s creditors, subject to fraudulent conveyance and other local law limitations. [read post]
19 Apr 2010, 5:18 pm
According to the debtors' claims and noticing agent, Omni Management Group, LLC, creditors have filed proofs of claim asserting over $111 million in claims. [read post]
7 Jun 2021, 8:23 am
After the sequestration/liquidation of the Debtor, the Creditor can no longer perfect the bond and the Creditor will rank as a concurrent creditor with a preferential claim against the free residue of the insolvent estate (Trisilino v De Vries). [read post]
7 Jun 2021, 8:23 am
After the sequestration/liquidation of the Debtor, the Creditor can no longer perfect the bond and the Creditor will rank as a concurrent creditor with a preferential claim against the free residue of the insolvent estate (Trisilino v De Vries). [read post]
2 Sep 2009, 7:02 am
Bankruptcy cases increased approximately 35% for the 12-month period ending June 30, 2009 , according to statistics released by the Administrative Office of the U.S. [read post]
5 Feb 2020, 6:18 pm
Totten trusts are essentially bank accounts with a named beneficiary. [read post]
2 Sep 2009, 7:02 am
Bankruptcy cases increased approximately 35% for the 12-month period ending June 30, 2009 , according to statistics released by the Administrative Office of the U.S. [read post]
12 Feb 2013, 6:03 am
When you receive a discharge at the end of your bankruptcy case you are not responsible for paying the debt. [read post]
26 May 2017, 6:37 am
State exemption laws control what assets and income a creditor with a judgment can seize to pay its judgment. [read post]
12 May 2010, 12:45 pm
States don’t just go away, their assets sold off and distributed out to the creditors. [read post]
5 Mar 2012, 11:20 am
This is because healthcare providers typically turn unpaid bills over to debt collection agencies more quickly than other types of creditors. [read post]
31 Aug 2010, 12:59 pm
Once the representative has been appointed, notice has to be given to creditors of the decedent. [read post]
6 Oct 2016, 8:30 am
Compliance with the final rule amending the MLA, issued by the Department of Defense (DoD) in July 2015, was required for creditors of most consumer credit products as of this past Monday, October 3. [read post]
26 Jan 2009, 12:32 pm
Those rules require financial institutions and creditors to establish written programs for identifying, detecting, and responding to patterns, practices, or specific activities that are warning signs of identity theft. [read post]
5 Apr 2009, 4:40 am
In Chapter 7s, creditors are not able to file claims unless they are notified by the trustee that there are assets available for distribution. [read post]
4 Mar 2019, 12:26 pm
Debt consolidation refers to taking a loan (secured or unsecured) from a new creditor and using the loan proceeds to pay off other debt. [read post]
10 Jun 2023, 2:22 pm
However, Dorsey also ruled that some foreign creditors could be revealed that reside in the European Union, despite the fact that the General Data Protection Regulations protect them. [read post]
11 Jan 2011, 10:05 am
At issue is the circumstances in which an above-median debtor in Chapter 13 can take a $496 vehicle ownership deduction on the Means Test when calculating their projected disposable income for the benefit of unsecured creditors. [read post]
