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29 Dec 2010, 1:16 pm
That may have important consequences as it is under that statute governing dissolutions that the Court may control distributions to partners that might hurt its creditors. [read post]
6 Feb 2012, 10:09 am
Additionally, one hundred eighty days prior to bankruptcy if you purchase any luxury goods, that could be challenged by your creditor. [read post]
6 Dec 2011, 8:49 am
In most cases, bankruptcy payments to unsecured creditors are based on three tests, whichever is higher, or 100% to the unsecured creditors: [read post]
18 Jun 2012, 1:30 pm
Stockton is in mediation with its creditors, trying to obtain concessions to help close a $26 million budget gap before the July 1 start of its new fiscal year. [read post]
28 Dec 2011, 12:32 pm
By filing suit, the creditor seeks a judgment which will entitle them to use certain legal processes to obtain money or property from the defendant consumer. [read post]
28 Nov 2010, 1:57 am
The Bill reverses the High Court decision in Sons of Gwalia v Margaretic by removing the right of persons bringing claims regarding shareholdings to: •vote as creditors in a voluntary administration or a winding-up, unless they receive permission from the Court; or •receive reports to creditors, unless they make a request in writing to the external administrator. [read post]
11 Apr 2009, 8:28 am
Answer: Yes, but if you are bankrupt any "winnings" you get from a lawsuit become property of your bankruptcy estate and are turned over to your creditors, so it only makes sense to sue someone while bankrupt if you have a reasonable expectation of recovering more than enough money to repay your creditors in full. [read post]
2 Feb 2024, 9:15 am
Listen to the podcast here: Episode 1: M&A | No Creditor Worse Off principle [read post]
25 Apr 2012, 10:00 am
Because there are creditor claims from Canada, the US, and around the world, the situation is extremely complicated. [read post]
7 May 2012, 2:10 pm
What I found interesting was the allegation by creditors that the bankrupt party had "taken numerous steps to benefit himself financially, such as transferring $7 million to other companies outside the reach of the creditors ... [read post]
1 Mar 2011, 11:04 pm
While exercising such jurisdiction, the Debts Recovery Tribunal can also adjudicate upon the questions whether security interest was in fact created in respect of any property or part thereof in favour of a secured creditor, or whether creation of such security interest in favour of secured creditor was legal, valid and proper, or that the measures taken by the secured creditor under sub-section (4) of Section 13 of the said Act are in accordance with the provisions of the… [read post]
14 Nov 2019, 2:34 am
In the present case, the creditor obtained a payment order. [read post]
3 Mar 2023, 10:32 am
Are My Creditors capable of appealing My Bankruptcy? [read post]
8 Jun 2020, 1:53 pm
” What makes the Creditor Trust “comparable” to a bankruptcy-related entity seeking to recover funds for the creditors, is that “the Trust is not merely a creditor. [read post]
22 Aug 2009, 6:56 am
This defense acknowledges that you enhanced the value of the bankruptcy estate for the benefit of all creditors, and you get creditor for that. [read post]
14 Aug 2019, 7:54 am
Within the first regime, there were also differences between creditors with an enforceable title and creditors without. [read post]
23 Aug 2010, 10:13 am
" However, as noted the definition of "loan originator" in Section 226.36(a)(1) provides that if a creditor closes a loan transaction in its own name using table funding by a third party, that creditor is also deemed a "loan originator" for purposes of Section 226.36. [read post]
30 May 2024, 10:39 am
Creditor Protection: The assets held within the BDIT should be safeguarded from claims by creditors of the client or any trust beneficiaries. [read post]
27 Mar 2014, 8:42 am
In either event, the creditor gets credit only once for goods and services later supplied. [read post]
5 Mar 2012, 1:03 pm
Alternatively, a creditor may seek to establish that the debtor's obligation to that creditor should not be discharged. [read post]
