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30 Nov 2015, 7:15 am
Penalties get treated just like personal loans, medical bills, and credit card debt: what that class of creditors gets in the Chapter 13 is driven by the means test and the best interests of creditors test. [read post]
30 Nov 2015, 5:01 am
Yet the reality is that more than a few people who owe money, whether to the IRS or another creditor, let the debt sit unpaid while spending money on other items or activities. [read post]
30 Nov 2015, 3:01 am
When you file for bankruptcy, the automatic stay goes into effect to stop any action by a creditor or collection agency. [read post]
29 Nov 2015, 3:56 pm
The problem is, consumers fail to understand that true nature of these agencies and that no payment is made to their creditors until a debt is settled. [read post]
29 Nov 2015, 2:22 pm
Her other assets are either legally off-limits to creditors or not valuable enough to go after. [read post]
29 Nov 2015, 4:00 am
CEG subsequently entered into bankruptcy and Companies’ Creditors Arrangement Act (CCAA) proceedings. [read post]
28 Nov 2015, 8:30 am
Gotta subtract his commission before paying creditors. [read post]
26 Nov 2015, 12:25 am
One aspect of asset protection planning that is difficult for most people is making a proper determination of who is likely to be a potential creditor. [read post]
25 Nov 2015, 4:16 am
The legislation, if enacted, would the limit the number of telephone communications that a creditor or debt collector may have with a debtor to three, total. [read post]
24 Nov 2015, 3:50 pm
The two main reasons are taxes and creditors. [read post]
24 Nov 2015, 12:15 pm
For example, estate planning attorneys sometimes use spendthrift trusts to protect the estate from creditors of either the person implementing the estate plan or the plan’s beneficiaries. [read post]
24 Nov 2015, 10:54 am
Together the changes will reduce administrative strains, improve delivery of case information to judges, and protect debtor and creditor rights. [read post]
24 Nov 2015, 9:51 am
Do some creditors violate this stay? [read post]
24 Nov 2015, 8:26 am
Those protections are permitted by discretionary trusts: As early as 1926 New York held that a creditor cannot attach a trust to satisfy a judgment creditor. [read post]
24 Nov 2015, 7:56 am
With this in place, creditors must cease all collection activity for the time being. [read post]
24 Nov 2015, 6:00 am
If a nonprofit is automatically dissolved pursuant to these procedures, the liabilities owed to any creditors of the nonprofit and any liabilities of its Directors will remain in place, and the dissolution will not impact the ability of the Attorney General to enforce any liabilities with respect to the corporation or its Directors as provided by law (e.g., for the diversion or misuse of charitable assets). [read post]
24 Nov 2015, 4:51 am
The Chinese company goes bankrupt and while looking for claims against creditors, the bankruptcy trustees find the executed, dated, sealed LOI in the company files. [read post]
23 Nov 2015, 1:30 pm
Along with other factors, such as income levels, creditors will use credit scores to help them determine whether to give a would-be borrower a loan. [read post]
23 Nov 2015, 1:18 pm
The bill would also provide a safe harbor for loan originators from the LO Comp Rule’s prohibition on steering a consumer from a mortgage loan for which the consumer is qualified and that is a qualified mortgage loan to a non-qualified mortgage loan, when the originator and the consumer receive a statement of intent from the creditor indicating that the creditor intends to hold the loan on their balance sheet for the life of the loan and that creditor is a depository… [read post]
23 Nov 2015, 8:00 am
This can be a win-win for the business and its creditors, as a successfully executed Chapter 11 bankruptcy can help get a company back on its feet and on the road to success, while getting creditors paid off over time. [read post]
