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4 Jan 2017, 2:39 pm
A bankruptcy trustee does not take all of a debtor’s assets, however, only those that are not specifically exempt from bankruptcy or creditor judgments. [read post]
4 Jan 2017, 7:16 am
Judge Boyle dissented, finding that the plain language of the presentment requirement under R.C. 2117.06 requires that a creditor present to the executor. [read post]
3 Jan 2017, 3:35 pm
Problems can surely arise if: A creditor files a legal claim to the assets. [read post]
3 Jan 2017, 11:57 am
In most situations, people who have obtained a favorable judgment for that personal injury are allowed to claim an exemption to be able to retain those damages, instead of having to dole it out to creditors. [read post]
3 Jan 2017, 6:26 am
The following are examples of the actions which a debtor’s creditors must cease as a result of the automatic stay: Continue reading [read post]
3 Jan 2017, 6:26 am
The following are examples of the actions which a debtor’s creditors must cease as a result of the automatic stay: Continue reading [read post]
3 Jan 2017, 4:00 am
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1 Jan 2017, 4:00 am
The group of people seek for the contracts to be declared null and void, in addition to money back for all of the charges they had incurred and reversal of negative actions taken by creditors. [read post]
31 Dec 2016, 2:45 pm
For example, a creditor could not attach a lien against the trust’s assets. [read post]
31 Dec 2016, 12:27 pm
The Court granted the creditors’ request and the property was sold in 2012. [read post]
31 Dec 2016, 8:01 am
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30 Dec 2016, 10:07 am
A security interest grants the financing creditor a lien in the jewelry. [read post]
30 Dec 2016, 10:00 am
The Bankruptcy Code permits the trustee to avoid and recover from creditors for the benefit of all creditors of the debtor’s bankruptcy estate certain pre-petition transfers made within 90 days (and sometimes longer) of the debtor’s bankruptcy filing that would otherwise benefit one creditor at the expense of others. [read post]
30 Dec 2016, 10:00 am
The Bankruptcy Code permits the trustee to avoid and recover from creditors for the benefit of all creditors of the debtor’s bankruptcy estate certain pre-petition transfers made within 90 days (and sometimes longer) of the debtor’s bankruptcy filing that would otherwise benefit one creditor at the expense of others. [read post]
30 Dec 2016, 8:39 am
You subtract out the expenses, creditor’s claims that were paid, attorney’s fees, the Personal Representative’s fees and the distributions to the beneficiaries. [read post]
30 Dec 2016, 8:39 am
You subtract out the expenses, creditor’s claims that were paid, attorney’s fees, the Personal Representative’s fees and the distributions to the beneficiaries. [read post]
CFPB files SCOTUS amicus brief in FDCPA case on filing bankruptcy proof of claim on time-barred debt
29 Dec 2016, 2:17 pm
According to the CFPB, nothing in the Code allows a creditor to legitimately file a proof of claim that it knows is subject to disallowance under the Code because it is time-barred. [read post]
29 Dec 2016, 12:20 pm
In theory, the payments to creditors in Chapter 13 should be no less than payments made in Chapter 7 under what is known as the “best interest of creditors test“, so this result should not be surprising. [read post]
29 Dec 2016, 12:20 pm
In theory, the payments to creditors in Chapter 13 should be no less than payments made in Chapter 7 under what is known as the “best interest of creditors test“, so this result should not be surprising. [read post]
29 Dec 2016, 8:25 am
In most cases, the answer is that it is it better to keep the asset in a trust to reduce income taxes, protect the asset from creditors, and prevent penalties in the case long-term care is needed. [read post]
