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3 Dec 2021, 8:11 am
Business assets that are deemed non-exempt are liquidated or sold to pay off creditors. [read post]
25 Jan 2023, 6:07 am
The assets are not shielded from creditors or lawsuits. [read post]
26 Jun 2023, 10:30 pm
The Bankruptcy Code provides that a bankruptcy court can confirm a plan can only if at least one impaired class of non-insider creditors votes to accept the plan (If any class of creditors under the plan is impaired). [read post]
17 Feb 2014, 1:11 pm
Compass Bank (creditor can't be forced into short sale under duty-to-mitigate-damages doctrine and give up its claim).Footnote 3: We also note that the Bank had a right under the promissory notes to foreclose on the properties prior to the Agreement reached in 2011 because the Williams parties were in default. [read post]
7 May 2013, 6:29 am
Are you looking to protect assets from creditors? [read post]
30 Dec 2013, 9:13 am
If you become entitled within 180 days (six months) of having filed for bankruptcy, the asset must become part of the bankruptcy estate, be given to the trustee, and dispersed to the creditors of the bankruptcy estate. [read post]
25 Mar 2024, 10:00 pm
Liquidation Analysis: Best Interest of Creditors Test See this practice note when drafting the liquidation analysis for purposes of the best interest of creditors test. [read post]
20 Mar 2013, 6:41 pm
Allen then filed a creditor's claim against Humpert's estate based on the promise he “would be taken care of. [read post]
7 Jun 2020, 12:13 pm
The Bankruptcy Court may confirm the plan even if all classes of creditors reject it. [read post]
30 Jan 2023, 12:00 am
All creditors and potential creditors of the corporation should be notified of the dissolution and any pending lawsuits will need to be resolved. [read post]
30 Mar 2017, 10:00 pm
So all of your personal assets are sure to be protected from the company's creditors, right? [read post]
1 Aug 2013, 1:23 pm
If, on the other hand, you are the creditor of the guy who had been racking up mountains of debt and you want your money back, might I suggest you take a look at Strategies for Creditor's in Bankruptcy Proceedings (Aspen). [read post]
31 Aug 2014, 5:37 pm
In developing your own estate plan, it is essential you select agents who will comply with the law and not try to circumvent legitimate creditor's claims. [read post]
7 Nov 2012, 10:42 am
Most creditors have a limited time to attempt to collect. [read post]
11 Nov 2016, 8:15 am
A third common work out is called a Collective Creditor Compromise, or a Composition Agreement. [read post]
20 Jun 2022, 9:54 am
The money will then be refunded by the creditors or repaid by the loanees after the divorce. [read post]
10 Jul 2014, 6:36 am
For years, anyone who had any dealings with these courts knew what was going on: creditors and debt collectors would file all of their debt collection cases in a single township, regardless of where the consumer who was being sued lived. [read post]
8 May 2018, 10:33 am
Here's the abstract: This article is part of the master thesis “Dispute Settlement after Sovereign Debt Defaults: A Forum Menu for Holdout Creditors”. [read post]
18 Aug 2022, 2:05 pm
Are you constantly dealing with calls from creditors? [read post]
20 Jul 2014, 9:36 pm
This can include creditors or persons renting a property you own. [read post]
