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17 Dec 2010, 3:22 am
Unsecured creditors are creditors who do not have collateral againt the debt they are owed. [read post]
13 Dec 2011, 4:52 pm
Key reform proposals include: New powers for ASIC to compel practitioners to answer questions about an administration or their conduct; changes to the standards of entry to require practitioners to have undertaken insolvency specific education and a new registration and disciplinary system based on the personal insolvency regime; changes to the way information is distributed to creditors and a new right for creditors to remove a practitioner; giving creditors the power to… [read post]
27 Apr 2011, 8:12 pm
While the statutory foreclosure process in California takes a little more than 4 months, if the the creditor is perfectly efficient, creditors aren’t perfectly efficient, and often seem to be deliberately dilatory. [read post]
26 Jun 2012, 9:22 am
All scheduled creditors get notice of the discharge by mail from the court. [read post]
21 Dec 2009, 12:04 pm
Under the agreement with creditors, Citadel reduces its $2.1 billion in loans to roughly $762 million in return for secured creditors owning 90 percent of the equity of the re-organized radio giant. [read post]
5 Jan 2012, 2:41 pm
A creditor or trustee may object to an amendment which is made in bad faith or which prejudices the creditors. [read post]
27 Feb 2007, 9:44 am
But the key condition that delays the receipt of income - namely that the assets of the trust remain available to the general creditors of the entity creating the trust - means that the trust operates as an asset partitioning device and a way to protect assets for unsecured creditors from potential invasion by secured creditors. [read post]
16 Aug 2010, 9:00 pm
A creditor that has a right of pledge finds himself in a better position than an ordinary creditor. [read post]
1 Oct 2009, 9:04 am
Prohibit creditors from allocating payments in ways that maximize interest charges. [read post]
31 Oct 2011, 7:44 am
Sometimes creditors sell the rights to collect on a note that has already been paid, other times creditors simply make mistakes. [read post]
24 Mar 2010, 7:20 am
Each type of bankruptcy has its own purpose and guidelines: a Chapter 7 is used by individuals (consumers) and is referred to as a "liquidation" because they must sell off any thing of value to pay off creditors; a Chapter 9 is used by insolvent municipalities to adjust for debt; a Chapter 11 is used by business owners, and the court and creditors must approve the payment plan to repay the creditors; a Chapter 12 is similar to Chapter 13, but is used by family… [read post]
7 Jan 2014, 7:15 pm
A 2004 Examination is more in depth and involved than a 341 meeting of creditors. [read post]
14 Dec 2008, 1:04 pm
Which means the creditor gives back money owed to it and which was probably need to pay its own creditors. [read post]
4 Jan 2012, 1:00 am
Without the remedy of suing the creditor, there would be little to no use of the bankruptcy court at all. [read post]
11 Apr 2010, 5:52 pm
If the employer did not have a Florida office then the creditor might transfer the judgment to Georgia and serve the writ in Georgia. [read post]
14 Jun 2018, 11:05 am
Second, I need a list of ALL your creditors. [read post]
14 Jan 2010, 9:14 am
Prohibit creditors from allocating payments in ways that maximize interest charges. [read post]
15 Dec 2008, 12:00 pm
Outside of dissolution an LLC minority member therefore must utilize the derivative action to assert claims of collusion or other impropriety between a controlling member and an outside creditor in order to bar enforcement of the alleged LLC obligation. [read post]
4 Jan 2022, 4:38 pm
The creditor can only freeze what is in the account. [read post]
11 Jul 2011, 4:33 pm
One option is to negotiate directly with specific creditors. [read post]
