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Dec. 8, 2020) In this decision, the Delaware Court of Chancery reviews the history of requirements to approve transfers of all assets both at common law and under the Delaware General Corporation Law, and concludes that Delaware law does not require majority stockholder approval for an insolvent corporation’s transfer of assets to a secured creditor in lieu of a foreclosure. [read post]
31 Aug 2012, 11:49 am by Alan Augulis, Estate Planning Attorney
Anyone can be the victim of a lawsuit, and certain business dealings can result in creditors seeking to attach your personal resources. [read post]
3 Feb 2019, 1:07 pm
The papers are divided into chapters, tracking four historical phases: the 1980s debt crisis; the Mexican crisis and the design of policies to ensure adequate private sector involvement ('creditor bail-in'); the Argentine crisis and the search for a durable crisis resolution framework; and finally, the global financial crisis, the Eurozone crisis, and their aftermaths. [read post]
15 Oct 2020, 10:09 am by Czepiga Daly Pope & Perri LLC
Mere ownership of real property can trigger not-so-pleasant things such as creditor claims, unnecessary probate, additional tax, and most importantly – ugly family disputes. [read post]
31 Oct 2013, 7:15 am
CanadaConservative Party lawyer accused of being 'well known for mopping up ethical problems', The National PostFord's occasional driver not the target of massive probe, judge says in ordering release of documents, Toronto StarJournalist at centre of Furlong libel case 'eager to defend herself in court', Vancouver SunUnited StatesSuntech says it will challenge involuntary bankruptcy petition, ReutersSources say US Airways, American are considering merger settlement, ReutersInternationalBritain… [read post]
22 Aug 2018, 1:12 pm by Theodora A. Vaporis
Once a person inherits, the money is his or hers and is subject to his or her creditors, divorce and other personal liabilities. [read post]
1 Oct 2022, 5:30 am
We all know collection agencies are the last stop before you get sued and your wages garnished and accounts levied by creditors. [read post]
25 Jan 2013, 7:10 am by Howard Friedman
If it falls into administrative insolvency, the bankruptcy judge could appoint a trustee to manage the Archdiocese's day-to-day affairs, or could totally dismiss the case which would allow creditors to sue in state court. [read post]
Under normal circumstances, creditors that discharge debt issue a corresponding Form 1099-C Cancellation of Debt to the debtor for inclusion in that year’s income. [read post]
7 Jun 2013, 8:13 am by Linda A. Kerns, Esquire
 Her "just married" happiness turned into sleepless nights of dodging creditors. [read post]
20 Apr 2022, 4:00 am by Howard Friedman
 The Catholic Diocese of Camden, New Jersey announced yesterday:The Diocese ... and the Official Committee of Tort Claimant Creditors ... which represents the interests of approximately 300 survivors of sexual abuse, have reached a settlement which will provide for the establishment of a substantial trust to compensate survivors of sexual abuse within the Diocese. [read post]
30 May 2017, 1:36 pm
The complete, thorough answer to this question requires me and my clients to look at their current situation carefully, and then analyze what the outcomes will be to them if they take no affirmative action to resolve their financial problems, what the outcomes will be if the clients decide to attempt an informal agreement with their creditors to pay back all or part of the debt owed without filing bankruptcy, and what the outcomes will be if they file a bankruptcy case - either Chapter 7 or… [read post]
16 Apr 2015, 9:00 am by Patricia J. Scott
There is always great interest - and debate - about such fees due to the nature of the process: insolvent individuals or companies with no place left to turn file for bankruptcy, creditors take a "haircut" on their claims, and the lawyers get paid. [read post]
17 Apr 2007, 9:47 am
However, most U.S. creditors will not recognize a Canadian bankruptcy, meaning if you are ever employed in the U.S. they may attempt to collect from you. [read post]
3 Aug 2022, 5:30 am by Col Ovik
 Actual intent such as to hinder a creditor may be inferred from the debtor's actions, like intentional undervaluing of assets or omitting assets. [read post]
6 Jul 2010, 9:56 am by Questions
The company has no assets and I would like to file for its bankrupcy, CRA is the only creditor. [read post]
31 Oct 2022, 10:00 pm by Michael O'Brien
Under normal circumstances, creditors that discharge debt issue a corresponding Form 1099-C Cancellation of Debt to the debtor for inclusion in that year’s income. [read post]
5 Mar 2019, 10:41 am
Chapter 13 bankruptcy is often the best way to get out from under your creditors and keep your home. [read post]