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4 Oct 2017, 10:00 am
However, creditors could object to the new plan. [read post]
4 Oct 2017, 3:38 am
Creditors have a right to attend this meeting, but rarely show up. [read post]
3 Oct 2017, 9:04 pm
Ken Paxton's $25mil press release - Original here Onwuteaka is a Houston-area debt collection attorney, who had gotten himself into the business of squeezing dollars form defaulting debtors after buying up charged-off accounts from creditors who had given up on collecting on those account themselves. [read post]
3 Oct 2017, 12:52 pm
This includes where the home country’s proposed action (or inaction) is deemed not likely to maintain financial stability in the UK or would treat UK depositors or creditors differently compared with home country depositors or creditors. [read post]
3 Oct 2017, 10:20 am
If a person files a bankruptcy case, who will know about it (creditors certainly will, but friends and neighbors almost always don’t). [read post]
3 Oct 2017, 10:09 am
Used to Frustrate Creditors: The corporation was organized or used to mislead creditors or to perpetrate a fraud upon them, or to evade existing personal liability. [read post]
3 Oct 2017, 7:24 am
The bankruptcy court judge next recognized that Minnesota state law provided that one could not fraudulently transfer exempt homestead property, as creditors could not claim they were prejudiced by a transfer or claim that it was a fraud when there would be no recovery of value. [read post]
3 Oct 2017, 4:32 am
Further, the Court pointed out that the fact that the proceeds from a wrongful death suit go immediately to the surviving spouse or other beneficiaries and are not subject to claims from the decedent’s creditors supports this interpretation. [read post]
3 Oct 2017, 3:44 am
Olshan further argues that SCM’s main contention — that due to Olshan’s late filing of the UCC-1 it was prevented from filing a petition for reorganization and enjoying the undisputed status of secured creditor – is disproved as a matter of law by testimony and affidavits filed by the principals of SCM and WTG in other proceedings. [read post]
2 Oct 2017, 1:29 pm
Those creditors may include the spouse of the debtor. [read post]
2 Oct 2017, 11:56 am
Remember: the funds here are going to the creditors of the company (and/or the stockholders). [read post]
2 Oct 2017, 7:17 am
Some states recognize exceptions for: (1) a buyer who formally assumes a seller’s debts; (2) transactions made to defraud creditors; (3) a buyer who de facto merged with a seller; and (4) a buyer that is a “mere continuation of a seller. [read post]
2 Oct 2017, 6:19 am
Bankruptcy Appellate Panel for the Eighth Circuit recently affirmed a bankruptcy court’s holding that a creditor held an unenforceable lien against a debtor’s real property because the property was owned by the entireties and the lien was thus avoidable under Bankruptcy Code § 522(f)(1). [read post]
1 Oct 2017, 9:31 pm
This means that creditors are not obliged to accept Bitcoin (or any other cryptocurrency) in settlement of their debts as they are obliged to accept Rand. [read post]
1 Oct 2017, 7:29 am
In order to protect part of the estate from such creditors, the irrevocable trust must be set up years before the potential creditor has a claim against the estate; an Asset Protection Trust cannot hide assets from current creditors. [read post]
1 Oct 2017, 1:23 am
In order to give a first assessment of the new instrument, the present contribution aims at identifying the peculiarity that could make the EAPO preferable to the creditor vis-à-vis equivalent measures under national law. [read post]
30 Sep 2017, 10:43 am
All debtors must appear at a meeting called the “341 meeting of creditors”. [read post]
29 Sep 2017, 8:22 am
In particular, creditors are prohibited by the final rule from including pre-dispute arbitration provisions in consumer credit contracts extended to covered borrowers, a fact that has been overlooked (or ignored) by some proponents of the CFPB’s arbitration rule. [read post]
28 Sep 2017, 9:34 am
Areas of possible need may include Evidence, Federal Jurisdiction, Criminal Procedure, White Collar Crime, and Debtor-Creditor Law. [read post]
27 Sep 2017, 10:00 am
If a creditor violates the stay, then they could be fined. [read post]
