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17 Dec 2014, 12:00 am
CREDITORS Probate Debts & Taxes – Persons or companies who are owed money by the deceased person are known as creditors. [read post]
30 Nov 2011, 1:15 pm
However, the creditor may have to return to court in the event a creditor files a motion or an adversary action. [read post]
22 Aug 2022, 7:45 am
A creditor can challenge the discharge of your debt to the creditor if there are legal grounds. [read post]
8 May 2012, 5:16 pm
To confirm a plan over the dissenting vote of a secured creditor, under Section 1129(b)(2)(A), a debtor must demonstrate the secured creditor (i) will retain its lien on the property, (ii) may credit bid during any sale of its collateral free and clear of liens with the secured creditor’s liens to attach to the sale proceeds, or (iii) the secured creditor must be provided the “indubitable equivalent” of its claim. [read post]
1 Apr 2009, 8:18 pm
The creditor subsequently sued the debtor’s wife, who successfully defended the lawsuit. [read post]
7 Oct 2008, 6:34 pm
(This is often called a 341 Creditor meetings) Secondly, the Bankruptcy court places an Automatic Stay on all creditors which forbids any creditors from trying to collect on the debts without the court permission. [read post]
13 Dec 2010, 6:15 am
Neither of these options are a sure bet for creditors. [read post]
29 Jul 2008, 4:00 am
If accepted by a number of creditors representing at least 75% of all creditors admitted to the vote and representing at least 66,6% of the total amount of acknowledged debt, then the composition is binding for all the creditors (even on creditors who failed to file their claims and on creditors not admitted to the vote). [read post]
13 Aug 2012, 6:52 am
Overall, the court will not only consider the sum owed to the petitioning creditor, but also take into account the majority view of the other creditors. [read post]
29 Jan 2019, 5:33 am
It ranks financial creditors, both secured and unsecured, above operational creditors. [read post]
24 Sep 2017, 2:47 pm
But the creditor prevails in the end. [read post]
5 Oct 2009, 2:59 pm
O'Melveny is under fire from creditors for not disclosing a waiver in a settlement between SonicBlue creditor VIA and Intel. [read post]
23 Dec 2020, 10:36 am
As a result, for 2021 the $2.230 billion threshold will apply for purposes of determining if a creditor is a small creditor under such provisions. [read post]
16 Nov 2006, 6:53 pm
The creditor in question cited no authority that so holds and my research today didn't turn up any cases that supports the creditor's position. [read post]
20 Oct 2011, 2:16 pm
If you opt for the latter option (i.e. you allow the creditor to sell the car), then the creditor will sell the car to the highest bidder. [read post]
3 Mar 2011, 10:22 am
So under that limited circumstance, you don't need to list them as a creditor, because they are no longer a creditor! [read post]
11 Jun 2012, 10:34 am
The question here was whether a Chapter 11 bankruptcy plan could be confirmed over the objection of secured creditor when the plan proposed to sell collateral free and clear of the creditor’s lien without allowing the creditor to “credit-bid” on the collateral at the sale; meaning the creditor could not offset the purchase price of the collateral by the value of the creditor’s claim on it. [read post]
22 Jun 2012, 10:54 am
So beyond the creditor’s meetings, the goal is to create a plan to pay creditors back over three to five years. [read post]
23 Sep 2012, 9:47 am
Although unusual and typically not necessary, the debtor may wish to open his bankruptcy case to add a creditor and provide better notice to the creditor. [read post]
20 Mar 2010, 6:15 am
If the debtor goes bankrupt, a secured creditor takes precedence over unsecured creditor in the distribution. [read post]
