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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]
11 Dec 2023, 9:12 am
Depending upon the circumstances, you may want to file a police report, and send a copy of it to the creditor. [read post]
11 Dec 2023, 8:34 am
The court-monitored procedure aims to protect heirs and creditors. [read post]
11 Dec 2023, 5:30 am
The creditor does not know all the facts from which the debt arises until the condition is fulfilled and obligations are postponed till then. [read post]
11 Dec 2023, 2:00 am
Many debtors ignore calls and letters from creditors until a lawsuit is filed against them. [read post]
11 Dec 2023, 1:21 am
Between attorney’s fees, appraisal costs, creditors, court charges, and more, probate expenses can quickly snowball. [read post]
9 Dec 2023, 9:03 pm
Soft-landing acquisitions, acqui-hires, and assignments for the benefit of creditors help mitigate the potential stigma of failure and allow entrepreneurs, investors, employees, and creditors to redeploy their talent and capital into other ventures. [read post]
8 Dec 2023, 9:01 am
., depositions–with the creditor who sued you. [read post]
8 Dec 2023, 5:00 am
This means that if a creditor goes after your business, they can't recover damages from your personal estate. [read post]
7 Dec 2023, 4:04 pm
You must also stop paying your other unsecured creditors after your bankruptcy is filed. [read post]
7 Dec 2023, 5:57 am
In this case, the secured debt may be discharged, and the creditor takes possession of the collateral. [read post]
7 Dec 2023, 12:50 am
This legislation provides the necessary safeguards to ensure that certain types of contractual arrangements crucial to a CCP’s operation, and to its clearing members and creditors, such as set-off and netting arrangements, are adequately protected when the Bank of England exercises its partial property transfer and write down powers during a resolution. [read post]
6 Dec 2023, 4:13 pm
Your repayment plan outlines an affordable monthly amount to creditors. [read post]
6 Dec 2023, 10:56 am
Bankruptcy is generally a last financial resort when other options, like negotiating with creditors, have fallen short. [read post]
6 Dec 2023, 7:49 am
The creditor has a legal right to repossess or foreclose on the property if the debtor fails to make payments. [read post]
6 Dec 2023, 3:33 am
Asset Protection If you have concerns about potential creditors coming after your hard-earned money while you are alive or creditors or ex-spouses taking the inheritance of your beneficiaries (spouse, children, loved ones, etc.) after your death, you will need an estate plan that has been specifically crafted to protect your life savings from potential creditor claims and legal challenges. [read post]
