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27 May 2024, 5:03 am
In bankruptcy actions, creditors will often seek to recover some or all of the debts they are owed. [read post]
25 May 2024, 12:12 pm
The decision depends on various factors, and you may avoid selling if: The asset is inherently unmarketable or unsellable No creditors are willing to grant you a loan against your net realizable equity Your non-liable spouse co-owns the asset and refuses to borrow against or sell it The asset contributes to your income Selling the asset will create severe economic hardship Consulting a reputable tax attorney is crucial to navigating this process and negotiating favorable terms for your… [read post]
25 May 2024, 3:30 am
The creditor or party’s interest in your case, will determine who receives notice you filed bankruptcy. [read post]
24 May 2024, 6:43 am
Creditor Protection: As neither the client nor spouse legally own the assets held by the LQTIP, such assets may be protected from the client’s and spouse’s creditors. [read post]
24 May 2024, 3:00 am
National/Federal With Debate Deal, Trump and Biden Sideline a Storied Campaign Institution DNyuz – Adam Nagourney (New York Times) | Published: 5/16/2024 The agreement by President Biden and Donald Trump to move ahead with two presidential debates, and sideline the Commission on Presidential Debates, is a debilitating and potentially fatal blow to an institution that had once been a major arbiter in presidential politics. [read post]
24 May 2024, 2:30 am
Credit Impact: While bankruptcy will impact your credit, Chapter 13 may be seen as less severe than Chapter 7 since it involves repaying your creditors over time. [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]
23 May 2024, 7:24 am
Who lies about bankruptcy Lying about bankruptcy law isn’t confined to creditors. [read post]
23 May 2024, 4:43 am
Chapter 13 Bankruptcy (Repayment Plan): This Chapter allows you to create a manageable repayment plan (usually 3-5 years) to pay back your creditors a portion of what you owe. [read post]
23 May 2024, 3:54 am
Contents include: Elżbieta Karska & Bartłomiej Oręziak, European Paradigm of the Protection of Aliens: Categorisation of Foreigners Seeking International Protection in the European Union Ludovica Di Lullo, Striving for Fairness: A Critical Examination of the ‘Common but Differentiated Responsibilities and Capabilities’ Principle in International Health Law Maciej Oksztulski, Maciej Perkowski, & Wojciech Zoń, Person on the Autism Spectrum on (the margin… [read post]
23 May 2024, 12:00 am
As a creditor in Illinois, you have various legal options to recover money owed when a debtor fails to pay. [read post]
22 May 2024, 1:39 pm
FUFTA allows creditors to sue debtors trying to avoid paying a debt. [read post]
21 May 2024, 11:33 am
Are you overwhelmed by high interest rates and multiple creditors? [read post]
21 May 2024, 8:55 am
Why Might a Creditor Object to a Discharge? [read post]
21 May 2024, 5:00 am
And when B defaulted, the creditor sought a default judgment, which was entered July 31, 2006.When an income execution was later served, in August 2008, B. requested a copy of the pleadings and the judgment. [read post]
20 May 2024, 10:59 am
A notice of trust is a legal document filed with the court in Florida that informs the public and potential creditors that a trust has been established for a... [read post]
20 May 2024, 8:00 am
One of the most useful benefits of the subchapter is the absence of an absolute priority rule, which means higher-priority claims do not need to be paid in full first before lower-priority creditors can receive any recovery. [read post]
19 May 2024, 9:01 pm
Proc., the IRS states its view that the intermediary in a direct issuance may not be a creditor under general principles of tax law and therefore the transaction would not satisfy the requirements under Section 361 of the Code that SpinCo Stock or Securities be transferred to a creditor. [read post]
19 May 2024, 8:46 am
Florida debt collection laws are governed by the Florida Consumer Collection Practices Act (FCCPA), which prohibits debt collectors and creditors from using certain types of abusive, deceptive, and misleading... [read post]
18 May 2024, 7:00 am
Although a beneficiary’s creditors can reach assets that the trustee distributes to the beneficiary, spendthrift clauses protects assets that remain in the trust from the beneficiary’s creditors. [read post]
