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19 Oct 2016, 1:04 pm
ERISA Civil Penalties For Employers, Fiduciaries & Plan Administrators Rose August 1 Employer and other employee benefit plan sponsors, fiduciaries and administrators required by the Department of Labor Employee Benefit Security Administration (EBSA) to pay a civil monetary penalty for a post-November 2, 2015 violation of the employee benefit related obligations of the Employee Retirement Income Security Act (ERISA) should expect to pay more if EBSA assesses the penalty after… [read post]
19 Oct 2016, 4:00 am
Overpaying creditors – It is not unusual for a creative spouse to overpay the IRS or other creditors during a divorce, with the intention of receiving a refund after the divorce proceedings end. [read post]
18 Oct 2016, 9:02 am
This concept comes up in litigation where a business cannot afford to pay its debts, either taken on in the course of business by borrowing money, failing to pay creditors, or as a result of a judgment from a lawsuit. [read post]
18 Oct 2016, 7:56 am
A creditor can challenge the discharge of your debt to the creditor if there are legal grounds. [read post]
18 Oct 2016, 7:00 am
Read how bankruptcy courts handle domestic support orders when there isn’t enough money to pay all creditors. [read post]
18 Oct 2016, 6:34 am
In the event that the debtor defaults on the loan, the creditor could take possession of that property and sell it to repay the debt. [read post]
17 Oct 2016, 4:26 pm
If the claim is brought by a creditor acting as a creditor, the claim is precluded from coverage. [read post]
17 Oct 2016, 5:32 am
Court of Appeals for the Eighth Circuit recently held that a secured party’s foreclosure did not discharge an otherwise valid security interest in the proceeds of the collateral, nor did it preclude the creditor from pursuing its rights to such proceeds. [read post]
17 Oct 2016, 4:30 am
They are also known as “creditor-placed, lender-placed or collateral protection” insurance. [read post]
16 Oct 2016, 5:51 am
Texas law holds that a creditor who make an excessive demand upon a debtor is not entitled to attorney’s fees for subsequent litigation required to recover the debt, even if it prevails in its suit. [read post]
15 Oct 2016, 6:06 pm
Usually, the most troubling condition is the requirement that the parents have no interest in the corporation other than that of a creditor following the redemption. [read post]
14 Oct 2016, 4:00 am
Posted by Charles Sartain Co authors David Leonard and Austin Carlson If you were able to keep your frac trailers from the clutches of your avaricious creditors during the past several unpleasant years, you could be in luck. [read post]
14 Oct 2016, 4:00 am
One of the biggest changes I encounter among law students today is not just the overall quantum of debt, with many law students beginning their JD already owing $20,000 or more in Canada-provincial student loans before they start borrowing more, but the range of creditors. [read post]
14 Oct 2016, 4:00 am
One of the biggest changes I encounter among law students today is not just the overall quantum of debt, with many law students beginning their JD already owing $20,000 or more in Canada-provincial student loans before they start borrowing more, but the range of creditors. [read post]
14 Oct 2016, 2:38 am
Date the debt was transferred from the original creditor to the third party debt collector4. [read post]
13 Oct 2016, 9:23 pm
In a sense, the debt buyer is in a race to recover its investment before the debtor is garnished by another creditor or files bankruptcy, so they are quick to file lawsuits after acquiring the debt. [read post]
13 Oct 2016, 1:22 pm
“stakeholder orientation”, the board must take into account various interests, not only those of the company, its business and shareholders, but also those of other interested parties, such as employees and creditors. [read post]
13 Oct 2016, 10:45 am
In a Chapter 11, the corporation or partnership is allowed to present a plan of reorganization that allows the company to stay up and running while modifying the payment to creditors. [read post]
13 Oct 2016, 9:00 am
Instead, the court held that the Bankruptcy Code provides general protections against creditor misconduct, whereas the FDCPA provides “an additional layer” of protection with respect to creditors that are also governed by the FDCPA. [read post]
11 Oct 2016, 2:11 pm
When Johnson later filed for bankruptcy, Midland Funding filed a proof of claim – a notification that a creditor seeks to obtain funds from the person or entity that has declared bankruptcy. [read post]
