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11 Oct 2011, 12:10 pm
This decision is important because it permits Multiemployer benefit trust funds to step ahead of general unsecured creditors in distribution of bankruptcy estates. [read post]
7 Apr 2009, 9:03 pm
Consequently, the fact that your state protects your home from the reach of creditors is irrelevant when the creditor is the federal government. [read post]
16 Aug 2013, 11:03 am
The insurer of Nortel’s executives will not be able to appeal a ruling ordering it to foot their legal bills without applying retention amounts.The Ontario Court of Appeal denied the insurer a leave to appeal yesterday, noting it did not pass “the stringent test” required to appeal matters of bankruptcy proceedings.Nortel Networks Corp. and several of its affiliated companies were granted protection from their creditors under the Companies’ Creditors… [read post]
4 Dec 2023, 11:33 am
The automatic stay prohibits creditors from taking any collection actions, including foreclosure, against the debtor during the bankruptcy proceedings. [read post]
19 Dec 2012, 8:51 am
Kodak reiterated yesterday that it has made no decision to sell the portfolio and they may, in consultation with creditors, ultimately decide to retain the portfolio as an alternative source of recovery for creditors. [read post]
27 Jun 2017, 1:30 pm
And elsewhere still, Congress drew a line between the “original” and “current” creditor. [read post]
3 Nov 2014, 9:30 pm
Here is the University of Toronto Press’s description:In 1880 the federal Parliament of Canada repealed the Insolvent Act of 1875, leaving debtor-creditor matters to be regulated by the provinces. [read post]
20 Mar 2020, 10:13 am
Chapter 13, on the other hand, lets you keep your house and other collateral but subjects you to a 3-5 year repayment plan in which you start to pay your creditors. [read post]
20 Dec 2013, 11:13 am
The creditor moved to dismiss the action on the ground that the borrower had not tendered the balance due. [read post]
20 Dec 2013, 11:13 am
The creditor moved to dismiss the action on the ground that the borrower had not tendered the balance due. [read post]
2 May 2013, 1:09 pm
So if you wish to retain the real estate, you would just continue to make your regular monthly payments to the creditor. [read post]
4 Mar 2015, 12:12 pm
The bankruptcy trustee, on behalf of Heller’s creditors, now asserts a claim to all profits earned by the new firms working on matters formerly pending at Heller. [read post]
27 Jun 2016, 5:01 am
On January 8, 2010, the taxpayers and the creditor modified the loan by reducing the interest rate from six percent to three percent. [read post]
27 Oct 2023, 7:43 am
Your lawyer will be well-attuned with the laws that protect creditors in Illinois, such as through the Fair Debt Collection Practices Act. [read post]
22 Aug 2023, 3:00 am
Gift Plans Read this practice note when drafting plans where senior creditors gift a portion of their distribution to junior creditors. [read post]
11 Dec 2018, 2:08 pm
We've got a long history of distinguishing, for example, between secured and unsecured creditors. [read post]
17 Apr 2013, 1:17 pm
The guaranty is personal in nature and the undersigned acknowledges personal liability and consents to having a credit bureau report ordered by the creditor. [read post]
27 Mar 2023, 7:52 am
This means that if a grantor is sued, the assets in the trust cannot be touched – they are safe from creditors and plaintiffs. [read post]
19 Sep 2023, 2:00 am
Creditor Committees' Objections to DIP Financing Check out this discussion of objections to DIP financing usually made by creditors’ committees. [read post]
11 Feb 2014, 12:25 pm
It is a complete discharge of the debt created by the judgment and a complete surrender of the judgment creditor's rights in the judgment." [read post]
