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9 Apr 2009, 12:50 am
When people file their own Chapter 7 bankruptcy cases in Phoenix (and elsewhere), the trustee has the obligation to track down any assets that may be valuable, and non-exempt, and liquidate those to obtain money to pay creditors in the estate (including the trustee).One of the most commonly misunderstood aspects of a Chapter 7 bankruptcy is that when a debtor files, the debtor NO LONGER OWNS the assets in the estate. [read post]
5 Jul 2018, 5:57 am by skelly
  The enabling act, originally enacted in 2002, was designed to allow for “commutation plans” to provide for reorganization through a court-approved commutation among a reinsurer or insurer and all of its insurance or reinsurance creditors. [read post]
5 May 2011, 6:45 pm
  She used bankruptcy to protect herself from all the creditors that came after her when she canceled her Las Vegas show due to illness. [read post]
27 Oct 2008, 9:44 am
Attorneys often have the staff and resources to liquidate assets, do paperwork, pay creditors and distribute assets to beneficiaries. 2. [read post]
23 Mar 2012, 10:00 am by admin
If you are “upside down” on your home (meaning that you owe more on home loans than what your home is worth), a lien strip could be the most powerful tool to protect you from creditors. [read post]
14 Aug 2018, 2:05 pm by William Maruca
., a defunct Illinois medical records storage and management company, has been fined $100,000 for improperly handling medical data under an agreement with the court-appointed receiver managing the company’s assets on behalf of its creditors. [read post]
22 Jul 2008, 12:45 pm by Nissenbaum Law Group
Because the risk to the creditor is higher, the interest rate and penalties associated with subprime mortgages will also generally be higher. [read post]
15 Oct 2012, 10:04 am
As more American families fall victim to the economic woes such as unemployment, plunging home values, and unforgiving creditors, the more substantial the rise in the number of people who are unable to pay off their debt. [read post]
20 Aug 2019, 6:49 am by AS Blog
An estate is divided among creditors and heirs after someone passes away. [read post]
4 Jun 2010, 11:17 am
A Sacramento bankrutpcy lawyer defines Relief From Automatic Stay Relief from automatic stay occurs where creditors or other parties in interest can be protected by requesting relief from the automatic stay where their property is not being adequately protected. [read post]
3 Aug 2015, 7:45 am by Tracy Coenen
Of course the McKinneys have scammed many creditors over the years, losing FOUR houses along the way. [read post]
8 Sep 2008, 12:50 pm
Now that the US taxpayer will become both a creditor and shareholder of the GSE's, it becomes all the more urgent for the government to address the foreclosure crisis itself. [read post]
22 Apr 2010, 10:18 pm by Adam Levitin
The Dodd bill gets things right on first principles:  there needs to be some type of resolution authority, and it needs to provide the ability to impose haircuts on creditors. [read post]
8 Jul 2011, 12:01 pm by admin
Asset protection involves business law strategies for limited liability, creditor protection, limiting business tax and estate taxes, and protecting a small business from other contingencies. [read post]
23 Dec 2010, 4:42 am by Katherine Scanlon
Argo - "a New York investment firm that derives a majority of its business from purchasing the claims of creditors of distressed companies," according to the court - entered into an agreement whereby O'Brien assigned rights to recover settlement proceeds from an insurance company that was in liquidation. [read post]
7 Oct 2017, 3:18 pm by jpadmin
Once you a case is filed, the first question most of our clients have is when where is their Meeting of the Creditors is going to be held. [read post]
27 Mar 2012, 1:00 am
A motion to dismiss can be filed by a number of parties, including the trustee, a creditor, or even a voluntary motion to dismiss filed by the parties. [read post]
23 Jun 2010, 12:02 pm by info
Under a Chapter 13 bankruptcy case, the Debtor is proposing to reorganize his or her finances and to pay back not only missed payments on mortgages, cars loans, and taxes, but also a portion to unsecured creditors. [read post]
25 Oct 2009, 7:01 pm
… by Victoria Ring, 713Training.Com Hi everyone: I just returned from Seattle, Washington where I spoke on the topic: Bankruptcy Law Updates and What Paralegals Should Know About the Creditors Perspective, at the Washington State Paralegal Association CLE Conference which was held at the Seattle University Law School. [read post]
5 Feb 2007, 3:58 am
The February 2007 Newsletter of the Debtor/Creditor Rights Committee of the Business Law Section of the State Bar of Michigan contains an interesting article concerning personal liability under the Michigan Builder's Trust Fund Act. [read post]