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7 Jul 2017, 10:00 am
This allows the trustee to avoid for the benefit of the debtor’s creditors transfers or obligations that could have been avoided by an unsecured creditor under nonbankruptcy law, provided such creditor exists. [read post]
7 Jul 2017, 7:42 am
Unsecured creditors must have received at least as much as they would have if the case had been a Chapter 7. [read post]
7 Jul 2017, 4:00 am
Therefore, when you send a payment due to a creditor, no law is administered but when the creditor sues you for default, justice kicks in.) [read post]
7 Jul 2017, 3:30 am
Since these trusts are relatively new, there are still questions regarding when or whether assets are protected from creditor claims and which transfer taxes are applicable. [read post]
6 Jul 2017, 12:17 pm
As a result nothing is going to your other creditors. [read post]
6 Jul 2017, 12:02 pm
Puerto Rico’s financial oversight board said on Wednesday that it was still in debt restructuring talks with creditors of the island’s power utility, PREPA, a day after rejecting a proposed deal to restructure $9 billion of the utility’s bonds. [read post]
6 Jul 2017, 7:30 am
If you are struggling with debts and dealing with creditor harassment, you are not alone. [read post]
6 Jul 2017, 7:17 am
Often, creditors will approve these measures because an operating business that pays some portion of its debts is better for everyone than one that just folds. [read post]
6 Jul 2017, 7:17 am
Often, creditors will approve these measures because an operating business that pays some portion of its debts is better for everyone than one that just folds. [read post]
5 Jul 2017, 10:00 am
Each month, you will be required to pay the Trustee, who will then pay back your creditors. [read post]
4 Jul 2017, 5:31 pm
One: certain kinds of debts are not dischargeable; two: a debt may not be discharged if your creditor has an objection. [read post]
4 Jul 2017, 8:09 am
As Peter Drucker long ago explained: The legal entity, the company, is a reality for shareholders, for creditors, for employees, and for tax collectors. [read post]
3 Jul 2017, 4:44 pm
A bankruptcy attorney knows how creditors typically act during the meeting of creditors and throughout the entire bankruptcy proceeding. [read post]
3 Jul 2017, 1:34 pm
This “unpaid bills” category only exists in Illinois: quite literally, it means that the state has been “balancing” its budget each year—for many years—by not paying its creditors. [read post]
3 Jul 2017, 11:04 am
Spiro, the bank’s president and CEO, wrote to customers that Cecil’s creditors have agreed to accept a ... [read post]
2 Jul 2017, 1:00 pm
Filing an answer will help you avoid a default judgment and allow for you to buy time and force the law firm to produce paperwork from the original creditor showing you owe the debt. [read post]
2 Jul 2017, 1:00 pm
Filing an answer will help you avoid a default judgment and allow for you to buy time and force the law firm to produce paperwork from the original creditor showing you owe the debt. [read post]
30 Jun 2017, 11:30 am
If your financial situation is spinning out of control and you are no longer able to make your full monthly payments on time, something needs to happen. [read post]
30 Jun 2017, 10:00 am
Using effective strategies and tools like irrevocable trusts, you can safeguard assets from creditors, certain tax liabilities, and the high costs of nursing home care. [read post]
29 Jun 2017, 1:36 pm
Increase the maximum asset threshold for making small creditor QM loans. [read post]
