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18 Dec 2023, 10:00 pm
Watch now » Related Content Lender Liability Under Environmental Laws in Real Estate Transactions Learn about the risks that real estate lenders and other secured creditors face under various environmental laws. [read post]
17 Dec 2023, 6:48 am
The Supreme Court concluded that the underlying fraudulent transfer claims were direct, not derivative, because “the creditors suffered the harm by the fraudulent transfer, and the remedy benefits the creditors, not the business entity. [read post]
15 Dec 2023, 2:48 pm
These may include negotiating informal workouts with individual creditors, seeking an equity infusion, liquidating under Chapter 7 or pursuing an assignment for the benefit of creditors, among others. [read post]
15 Dec 2023, 2:24 pm
Who was the creditor? [read post]
15 Dec 2023, 8:21 am
Sometimes, you don’t need bankruptcy because everything you have is beyond the reach of creditors. [read post]
15 Dec 2023, 7:47 am
Debt settlement is a process where a debtor negotiates with a creditor to pay off a portion of their debt in exchange for the creditor forgiving the remaining balance. [read post]
15 Dec 2023, 6:00 am
Opting for Voluntary Administration empowers a business to access professional advice, evaluate its financial standing, and devise a comprehensive plan for repaying creditors. [read post]
14 Dec 2023, 12:34 pm
In addition, irrevocable trusts can protect assets from creditors, ensure an estate won’t go through probate, and provide for loved ones who are minors, financially irresponsible, or who have special needs. [read post]
14 Dec 2023, 12:00 pm
Enhanced Protection: Regularly revisiting your plan ensures protection against unforeseen challenges, such as potential creditors, lawsuits, or other financial vulnerabilities. 9. [read post]
14 Dec 2023, 9:00 am
Exemptions are laws that protect certain assets from being seized by creditors. [read post]
14 Dec 2023, 8:41 am
Tenancy by the entirety keeps the property out of probate and offers several other benefits, including the protection of the property from the creditors of one spouse. [read post]
14 Dec 2023, 6:00 am
All creditors have a limited time period (beginning on the day of death) to make a claim against the estate. [read post]
13 Dec 2023, 10:00 pm
LEASE SHIELDED SHAREHOLDERS FROM LIABILITYWhen a landlord decided to go after the individual shareholders of a professional corporation, which vacated its commercial space prematurely, the New York County Supreme Court opted to grant the shareholders’ dismissal request.And on its review of the dispute, the Appellate Division, First Department, affirmed the dismissal because the lease “unambiguously provide[d] that (1) no property or assets of the individual defendants ‘shall be… [read post]
13 Dec 2023, 2:28 pm
While there are considerations other than the Massachusetts estate tax exposure in deciding how to own non-Massachusetts assets for purposes of estate and creditor protection planning, from a pure tax standpoint it would be better not to own non-Massachusetts real estate in a business entity so that the percentage reduction would then apply. [read post]
13 Dec 2023, 3:25 am
A creditor must sue for medical debt before the statute of limitations expires. [read post]
13 Dec 2023, 12:00 am
By following these strategies, you can increase the likelihood of reaching mutually beneficial agreements while protecting your rights as a creditor. [read post]
12 Dec 2023, 8:42 am
On 11 December 2023, the European Banking Authority (EBA) published a peer review report on the supervision of creditors’ treatment of mortgage borrowers in arrears under the Mortgage Credit Directive (MCD), which assesses the conduct supervisory approaches of competent authorities in this area. [read post]
12 Dec 2023, 5:22 am
The Sackler family took assets from the manufacturer of Oxycontin, Purdue Pharm and shifted those assets overseas, which then triggered the problem that the company no longer has enough money to pay its creditors, such as those injured by pain killer. [read post]
11 Dec 2023, 10:00 pm
Oversecured Creditor's Right to Contractual Default-Rate Interest Allowed under State Law See this analysis of a Bankruptcy Appellate Panel's decision to allow an oversecured creditor's claim for interest at the contractual default rate. [read post]
11 Dec 2023, 1:18 pm
December 11, 2023 | By: Wright Lewis In January of 2021, Congress passed the Corporate Transparency Act of 2019 (the “CTA”) as part of the 2021 Defense Bill. [read post]
