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5 Feb 2016, 4:05 am
., Feb. 4, 2016), the U.S. 7th Circuit Court of Appeals, in a bankruptcy case, held that under Illinois law, a debtor's copy of a rare, first edition Book of Mormon is exempt from attachment by creditors. [read post]
20 Apr 2015, 4:44 pm
Successors take subject to all charges incident to administration, including the claims of creditors and allowances of surviving spouse and dependent children, and subject to the rights of others resulting from abatement, retainer, advancement, and ademption. [read post]
17 Dec 2018, 8:33 am
In simple terms, the function of a Chapter 13 trustee is to collect funds from debtor(s) and disburse those funds to debtor(s)’s creditors based on an approved plan. [read post]
11 Nov 2019, 7:30 am
So how can anyone expect those who are already overwhelmed by bills, creditors, and notices to call out from work to meet with a bankruptcy attorney? [read post]
27 Jan 2010, 10:21 am
Court websites have to serve a diverse audience that includes debtors, potential pro se filers, attorneys who want to file a case right now (even if “right now” is 3 AM), creditors who want to set up hearings, and reporters looking for details on cases. [read post]
19 Jul 2016, 12:03 pm
The Commission's Banking Communication [text, PDF], issued in July 2013, provides that shareholders and subordinated creditors must share the burden of a struggling bank's financial shortfall prior to any state aid being authorized. [read post]
27 Apr 2011, 5:24 am
They can provide estate tax efficiency in some cases; protect assets from creditors, claimants and former spouses; and enable the efficient diversion of assets [Read more...] [read post]
8 Nov 2022, 5:30 am
§152(1), which makes it a crime for a debtor to “knowingly and fraudulently” conceal estate assets from the court, the trustee, or creditors. [read post]
30 Apr 2013, 8:25 am
The law firm concentrates in representing creditor rights in Foreclosure, Bankruptcy and Real Estate matters. [read post]
7 Jun 2018, 8:57 am
The judgment can be renewed for another ten years, giving a judgment creditor additional time to try to collect the money owed. [read post]
15 Aug 2022, 5:30 am
Common examples are when something is sold or transferred with the intent to hinder, delay, or defraud your creditors or you transfer something under fair market value before filing. [read post]
27 Jan 2012, 7:17 pm
Welcome to The Insolvency Blog, a blog from Thompson & Knight LLP's Corporate Reorganization and Creditors' Rights Practice Group. [read post]
23 Jan 2019, 10:02 am
As part of that process, you need to demonstrate to the court that you can’t pay all of your creditors in full. [read post]
26 Dec 2019, 7:32 am
To be able to protect beneficiaries from creditors, divorce, or judgments is a satisfying feeling. [read post]
7 Apr 2023, 5:30 am
A debtor must pay all of their disposable income each month as a payment to their creditors in a Chapter 13 bankruptcy. [read post]
23 Jan 2018, 4:17 pm
And I wrote about those documents through the lens of the two goals of bankruptcy: to treat a debtor’s creditors fairly, and to allow the debtor to live with dignity. [read post]
17 Jun 2015, 12:03 pm
With certain exceptions, the filing of a bankruptcy petition immediately and automatically puts into place a court order of a stay of collection action applicable to all entities against actions by creditors against the person who filed for bankruptcy relief as well as his property. [read post]
20 Jul 2017, 8:08 am
If a credit bureau or creditor has marked your payment as 30 days late inaccurately, our credit reporting attorneys can assist you in fixing the inaccurate information and recovering compensation... [read post]
23 May 2024, 11:16 am
The result of the CFPB’s multi-year study of the BNPL industry is what the CFPB calls an interpretive rule in which it finds that: (1) “digital user accounts” (each a “DUA”) that may be used to access credit are “credit cards” under Regulation Z; (2) the lenders that issue such accounts are “card issuers;” and (3) that as it relates to traditional BNPL loans (loans that are payable in four or fewer installments with no finance charge) these card… [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]
