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23 Feb 2017, 4:00 am
Asset Protection – assets placed in a living trust may be shielded from creditors. [read post]
23 Feb 2017, 4:00 am
Asset Protection – assets placed in a living trust may be shielded from creditors. [read post]
22 Feb 2017, 12:55 pm
UFTA doesn’t apply because Joy was not a creditor at the time of the transfer and there was no active concealment of assets,2. [read post]
21 Feb 2017, 4:29 pm
Spendthrift trusts also protect trust assets from creditors that have claims against a beneficiary. [read post]
21 Feb 2017, 10:58 am
Creditors must be given notice so they can file their claims within 90 days. [read post]
21 Feb 2017, 8:15 am
(A safe harbor is also available to a creditor that uses a consumer report from a nationwide consumer reporting agency.) [read post]
20 Feb 2017, 12:54 pm
The UFTA defines fraudulent transfers against present and future creditors as “a transfer made under obligation incurred by a debtor if made with actual intent to hinder, delay or defraud any creditor of the debtor. [read post]
18 Feb 2017, 9:55 am
SCOV thinks it would be unfair to deprive a potential victim-creditor by requiring his estate to subsidize Robin’s criminal defense.It is entirely possible that even if Robin were acquitted of her criminal charge that she could still be found liable in the wrongful death case. [read post]
18 Feb 2017, 9:38 am
It is not obvious that PDVSA's bond disclosures would prevent its creditors from going after Venezuela. [read post]
17 Feb 2017, 8:39 am
As a creditor is it all about location of execution? [read post]
17 Feb 2017, 8:19 am
So some see the irrevocable trust as the answer to creditor problems: put the money in trust, let the trustee pay it out to you, and thumb your nose at creditors. [read post]
16 Feb 2017, 2:06 pm
In particular, the debtor, secured creditor, and committee negotiated a settlement whereby a secured creditor received a release from claims that were being litigated against it in return for an agreement to allow the distribution of some estate assets—upon which the secured creditor had a lien—to certain administrative and general unsecured creditors. [read post]
16 Feb 2017, 2:06 pm
In particular, the debtor, secured creditor, and committee negotiated a settlement whereby a secured creditor received a release from claims that were being litigated against it in return for an agreement to allow the distribution of some estate assets—upon which the secured creditor had a lien—to certain administrative and general unsecured creditors. [read post]
16 Feb 2017, 6:09 am
After the creditor obtained a judgment against the debtor for ~$104,000, the debtor filed a Bankruptcy case. [read post]
16 Feb 2017, 3:28 am
The withdrawal reduced less than half the money available to pay creditors. [read post]
15 Feb 2017, 11:04 am
The estate planning attorney must often create a trust that will permit the surviving spouse to benefit from the trust, but not loose the funds to creditors, a bankrupcty, a future spouse, long-term car, nursing home, or liablity from a lawsuit. [read post]
15 Feb 2017, 8:49 am
They will thus be considered simple partnership companies (German GbR or OHG), losing from one day to the next i.a. their limited liability status – an unexpected and unjustified windfall profit for creditors, a severe blow for the company shareholders. [read post]
15 Feb 2017, 8:00 am
According to the bankruptcy trustee, after administrative expenses, neither company will have funds available to pay its unsecured creditors. [read post]
14 Feb 2017, 10:36 am
According to the bankruptcy trustee, after administrative expenses, neither company will have funds available to pay its unsecured creditors. [read post]
14 Feb 2017, 8:30 am
However, by 1898, creditors were experiencing extreme difficulty in collecting even a portion of debts owed to them in some states, due to those states’s debtor-creditor laws. [read post]
