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22 May 2009, 4:48 pm
Strategies for Creditors A creditor first of all has to understand its position relative to other creditors in the money waterfall discussed above because this will inform the creditor's decision about what to do. [read post]
15 Sep 2017, 8:46 am by Charles B. Jimerson, Esq.
   The diligent creditor rule, under certain circumstances, allows a judgment creditor who brings a judgment debtor to court for engaging in a fraudulent transfer to jump ahead in priority—i.e., the order in which multiple creditors can use the property to satisfy their unpaid debts. [read post]
27 Sep 2010, 1:38 pm by Steve Bainbridge
That section provides that the firm's creditors will be paid out of firm assets and then have equal rights to participate with personal creditors in dividing up personal assets. [read post]
29 Jul 2013, 8:08 pm by Lanigan
But a creditor can’t force distributions to be made nor does the creditor become an owner of the entity. [read post]
2 Jun 2010, 12:07 am by Randall Reese
" Finally, Judge Huennekens rejected the claimants assertion that Circuit City's notice to potential unnamed class claimants (which consisted primarily of publication notice) was insufficient to meet those creditors' "fundamental rights to procedural due process. [read post]
17 Sep 2019, 2:17 am by NWDRLF
To begin with, single creditors usually don’t file involuntary bankruptcy on their own unless the money owed them reaches the threshold amount, or the debtor owes fewer than 12 unsecured creditors. [read post]
14 May 2012, 4:00 am by jweil
Once your creditor has such a state court judgment in hand, it must then follow state law to collect on it. [read post]
8 Oct 2011, 11:16 am
  This effectively stops foreclosure, repossession, creditor lawsuits, creditor harassment and wage garnishment. [read post]
27 Oct 2015, 1:59 pm by Luke W. Welmerink, Attorney
How creditors prove fraudulent transfer If a creditor can prove that you have moved your assets to avoid liability, your assets may be seized, even after they have been transferred. [read post]
30 Apr 2018, 9:39 am by Stephen Honig
  A secured creditor of a bankrupt, for example, having priority over other creditors by reason of its collateral, may successfully argue that it should be able to foreclose. [read post]
5 Dec 2010, 11:07 am by Minh Tran
The employer is then ordered to send that withholding to the creditor. [read post]
11 Jul 2013, 12:34 pm by Alan S. Kaplinsky
  This means creditors might be required to respond to complaints about debt buyers, who do not act as service providers and for whom creditors should not be responsible. [read post]
8 Apr 2012, 9:03 pm by bankruptcylawyer
The trustee’s main function is to ensure that the creditors’ receive fair and timely repayment of outstanding debts. [read post]