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16 Jun 2015, 6:23 am
Obligations of the creditor: are they just correlates of the obligations of the debtor, or do they constitute a functionally separate category? [read post]
2 Apr 2014, 11:00 pm
Taking title to the seller's assets free and clear of liens, and avoiding potential claims against the buyer by the seller's creditors and third parties are also critical to the success of the transaction. [read post]
1 Apr 2021, 5:15 am
Kain & Scott has been protecting Minnesotans from their creditors since 1972. [read post]
11 May 2015, 9:00 am
Upon the filing of a bankruptcy petition, an automatic stay goes into effect which provides a debtor with immediate protection from collection efforts by creditors. [read post]
29 Sep 2023, 2:00 am
(He supposedly used the funds to benefit himself and to pay his company’s creditors.)According to a press release issued by the United States Department of Justice, R.K. is scheduled to be sentenced on January 8, 2024, and faces up to five years in prison (together with a period of supervised release and monetary penalties).Think he’ll find his time in the clinker, taxing? [read post]
7 Jan 2013, 8:53 am
The new statute (part of Ohio House Bill 479) provides creditor protection under certain circumstances for assets contributed to a legacy trust (also commonly known as a domestic asset protection trust). [read post]
18 Sep 2013, 11:53 am
Ohio Revised Code §5816.03 (C) provides that certain creditors can defeat the spendthrift provisions of an Ohio Legacy Trust. [read post]
26 Sep 2013, 4:33 pm
Only number 5, establishing a third-party created and funded special needs trust, is recommended because it will not disqualify the child from receiving means-tested government benefits, it is legally enforceable and it does not subject the assets to creditors of family members. [read post]
27 Sep 2018, 10:10 am
Klaus as the 2019 Detroit Professional Malpractice Law - Defendants “Lawyer of the Year,” and Julie Beth Teicher as the 2019 Detroit Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law "Lawyer of the Year. [read post]
1 Jul 2015, 8:00 am
The main duties of a chapter 13 trustee is to receive the monthly chapter 13 plan payments and to distribute them to the creditors pursuant to the chapter 13 plan.A chapter 13 debtor receives a discharge after all payments required under the chapter 13 plan have been completed.Jordan E. [read post]
20 Jan 2015, 5:05 pm
In so doing, the panelists will discuss various insolvency tools, including receiverships, assignments for the benefit of creditors, distressed work-outs, and, of course, bankruptcy, and the pros and cons of each for debtors and creditors.This is sure to be an excellent program. [read post]
19 May 2015, 9:30 pm
The evidence corroborates the view that by the mid-eighteenth century, Virginia's frontier judicial system was sufficiently impartial to encourage creditors to draw up efficient contracts even for small debts.Subscribers to the journal may access full text here. [read post]
21 Jun 2015, 1:12 pm
Not all secured creditors - such as an up-to-date car loan - are required to be paid as part of the chapter 13 plan. [read post]
13 Mar 2024, 12:00 am
Notifying beneficiaries and creditors of your estate. [read post]
20 May 2014, 9:00 am
" This rule, codified in section 1129(b)(2)(B)(ii) of the Bankruptcy Code, provides that every unsecured creditor must be paid in full before the debtor can retain any property under a reorganization plan. [read post]
4 Dec 2018, 7:25 pm
The bills are piling up, and creditors are knocking at your door, so you’ve decided to file for bankruptcy. [read post]
19 Feb 2024, 10:40 am
The primary purpose of this type of trust is to protect assets from potential creditors or legal claims, ensuring that they will be preserved for the benefit and use of the person and their loved ones. [read post]
12 Feb 2015, 12:05 pm
The program will focus mostly on corporate Chapter 11 cases, which allows the business to continue to operate with the goal or reorganizing and paying creditors. [read post]
13 Jun 2020, 4:21 pm
So it seems pretty clear that Congress, in passing bankruptcy laws, intended to protect people’s retirement savings from their creditors. [read post]
10 Jan 2016, 8:33 am
Fraudulent conveyance litigation involves a party asserting, or defending against, a claim that property was transferred from one person or entity to another to avoid the transferred property from being reached by creditors of a transferor. [read post]
