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25 Apr 2017, 6:44 am
Firms that borrow from multiple uncoordinated creditors and have more tangible assets often fail to renegotiate debt out of court and inefficiently file for bankruptcy. [read post]
25 Apr 2017, 6:44 am
Firms that borrow from multiple uncoordinated creditors and have more tangible assets often fail to renegotiate debt out of court and inefficiently file for bankruptcy. [read post]
25 Apr 2017, 6:08 am
The decision resulted from an adversary complaint filed by the bankruptcy trustee to disregard the corporate form of the LLC for the benefit of the creditors. [read post]
25 Apr 2017, 6:08 am
The decision resulted from an adversary complaint filed by the bankruptcy trustee to disregard the corporate form of the LLC for the benefit of the creditors. [read post]
24 Apr 2017, 9:11 am
The District Court of Appeal of the State of Florida, Fourth District, recently held that a creditor may obtain a post-foreclosure deficiency judgment against a borrower when the borrower was personally served with process in the post-foreclosure deficiency action, and the fact that the foreclosure court only acquired in rem jurisdiction due to service by […] Hector E. [read post]
24 Apr 2017, 8:01 am
This is of particular importance if you are in a dispute with a creditor. [read post]
23 Apr 2017, 11:46 pm
Providing notice to beneficiaries or heirs, as well as to creditors who may have a claim against the estate. [read post]
23 Apr 2017, 10:01 pm
The proposal for ongoing short term funding requires a commitment of $100k per month from its members in proportion to their ad-spend.A failure to secure short term funding will result in an application to liquidate the ASA which will be to the detriment of creditors, up to 20 people will lose their jobs and the ASA services will be lost and/or left to the courts (with cost and other disadvantages) and/or government (which will mean the advertising industry will be regulated… [read post]
23 Apr 2017, 10:14 am
The ability to file such a certificate did not help this creditor because only after dissolution and winding up of an LLC may a creditor seek appointment of a trustee or a receiver in connection with a prior dissolution. [read post]
23 Apr 2017, 9:00 am
Of course, creditors are better served by drafting the loan documents to protect their rights. [read post]
21 Apr 2017, 5:40 pm
If one spouse flatly refuses to pay off a debt or declares bankruptcy, you may have an immediate problem, because despite what your Judgment states, creditors are permitted to seek payment from either spouse if their name appears anywhere in the relevant paperwork. [read post]
21 Apr 2017, 6:30 am
Florida Constitution provides protection from forced sale to homestead property from most creditors. [read post]
21 Apr 2017, 2:06 am
When working effectively it has allowed for speedy and relatively inexpensive dispute resolution for both competitors and consumers.On 21 October 2016, the Advertising Standards Authority (ASA) went into Business Rescue (an intervention that attempts to prevent a company from its financial distress to prevent its liquidation).The reasons why the ASA is in distress are:lack of fundinglack of membership participationhigh operational costscostly litigation (the Herbex (pending) appeal and a… [read post]
20 Apr 2017, 11:46 am
Having established a new international security interest with a uniform set of substantive, procedural and insolvency rules, the instrument considerably reduces the risks for secured creditors. [read post]
20 Apr 2017, 9:03 am
He also is the subject of two separate Preliminary Attachment Orders by the State of Minnesota District Court (Washington Co.) alleging disposition of nonexempt property with intent to delay or defraud creditors and intentional fraud in violation of Section 570.02 of the Minnesota Statue. [read post]
20 Apr 2017, 8:38 am
Court of Appeals for the Ninth Circuit recently reversed a ruling that disallowed an unsecured creditor’s claim filed in a California bankruptcy court based on the forum state’s statute of limitations. [read post]
20 Apr 2017, 8:06 am
For example, a retirement account (IRA or 401(k)) with a designated beneficiary is creditor protected. [read post]
20 Apr 2017, 6:00 am
The nation’s propertied elite were even more distressed when, after an army raised by eastern Massachusetts creditors had forcibly suppressed the rebellion, the Shaysites sought (as one of their critics observed) to win “the same objects by legislation, which their more manly brethren last winter would have procured by arms. [read post]
19 Apr 2017, 6:16 pm
Avoiding fractionalizing ownership, Retaining assets within the extended family, Protecting assets from future unknown creditors, and Providing flexibility in managing the assets that would not be available in other entities. [read post]
19 Apr 2017, 12:07 pm
The Baltimore office of Baker Donelson has immediate opening for experienced Commercial Finance and Creditors' Rights Legal Secretary. [read post]
