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26 Mar 2021, 7:33 am
Even if debts have been fully paid, the creditor may not have released the lien. [read post]
2 Dec 2022, 7:57 am
By looking at your income and expenses, the means test measures whether you have enough money in your monthly budget to repay at least some of what is owed to your creditors. [read post]
3 Nov 2012, 9:49 am
Doing so would have required notice to creditors, and if any object, a court hearing would have to be held. [read post]
23 Oct 2008, 11:13 am
” I wondered.However, Cuomo’s “new toy,” as law professor Dale Oesterle called it on his blog, turned out to be something old: calling AIG's expenditures a “fraudulent conveyance” under New York’s debtor/creditor statute. [read post]
21 Sep 2012, 1:13 pm
In determining the amount a debtor will pay her creditors, the bankruptcy court looks at the debtors income less necessary expenses. [read post]
5 Apr 2013, 12:53 pm
Formal administration is used for all other estates or whenever a personal representative is required for other purposes.SUMMARY ADMINISTRATION StepsPreparation of the documents.Publication of the notice to creditors.Determination of homestead (if applicable).Distribution of the funds to creditors and beneficiaries per court order.Costs and Time Frame: The current court costs are around $400 and publication costs range from $30 to $300, depending on the county and news paper. [read post]
5 Jul 2016, 3:01 am
One consequence is that sovereign debt restructurings (SODRs), are difficult, often traumatic, experiences for the sovereign debtors and their populations and frustrating and potentially costly for their creditors. [read post]
1 May 2015, 5:01 am
Colorado law specifically provides that the judgment survives the deaths of the debtor and creditor. [read post]
3 Aug 2023, 6:55 am
This legally requires all creditors to stop any collection efforts, including foreclosure proceedings. [read post]
8 Dec 2020, 3:18 pm
Could Creditors Come After Me For My Spouse’s Debts? [read post]
21 Feb 2014, 8:01 am
In exchange, the debtor must liquidate their nonexempt assets and divide the proceeds among their creditors. [read post]
20 Feb 2023, 4:00 am
The individual must then attend a meeting with their creditors. [read post]
25 Feb 2014, 7:30 am
"The mischief in such a practice lay in the multiplicity of suits, and the harassing of the debtor by two actions, when the creditor could readily enforce all his rights in one. [read post]
19 Dec 2022, 1:13 pm
Since the grantor does not own the assets, the assets are protected from creditors or legal judgments. [read post]
10 Jun 2013, 9:14 am
In each case, the debtor protected the equity in their home from the bankruptcy estate and their creditors by claiming the homestead exemption provided for by their State. [read post]
5 Jan 2023, 10:09 am
Certain items cannot be touched by creditors or the court-appointed trustee who will oversee the liquidation process. [read post]
7 Oct 2021, 5:49 am
If there is anything owed on the account, the creditor will want it paid in full before the account will be closed. [read post]
23 Apr 2017, 10:01 pm
The proposal for ongoing short term funding requires a commitment of $100k per month from its members in proportion to their ad-spend.A failure to secure short term funding will result in an application to liquidate the ASA which will be to the detriment of creditors, up to 20 people will lose their jobs and the ASA services will be lost and/or left to the courts (with cost and other disadvantages) and/or government (which will mean the advertising industry will be regulated… [read post]
23 Jul 2013, 8:01 am
This distinction is important because the FDCPA applies to debt collectors, but not to creditors. [read post]
15 May 2017, 9:39 am
A creditor must follow a set of legal procedures in order for a court to approve the foreclosure. [read post]
