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12 Jul 2023, 1:15 pm by Jake FirmPilot
Discuss It with the Creditor: At the same time, get in touch with the creditor who reported the inaccurate late payment. [read post]
12 Jul 2023, 11:32 am
If debts are allocated to one spouse in the divorce, and that spouse later files for bankruptcy, this will eliminate their obligation to repay the debts, and creditors may then seek payment of the debts from the other spouse. [read post]
12 Jul 2023, 10:17 am by Christine Corcos
Whether deferring to President Lincoln’s blockade at the start of the Civil War, a state’s suspension of creditors’ remedies during the Great Depression, or President’s Roosevelt’s evacuation and mass incarceration of Japanese Americans in the West during World War II, the Supreme Court has regularly permitted the political branches wide discretion to manage national emergencies, even in ways that during peacetime would be viewed as flouting the Constitution. [read post]
12 Jul 2023, 10:17 am
Whether deferring to President Lincoln’s blockade at the start of the Civil War, a state’s suspension of creditors’ remedies during the Great Depression, or President’s Roosevelt’s evacuation and mass incarceration of Japanese Americans in the West during World War II, the Supreme Court has regularly permitted the political branches wide discretion to manage national emergencies, even in ways that during peacetime would be viewed as flouting the Constitution. [read post]
11 Jul 2023, 6:45 pm by Steve Bainbridge
If a corporation cannot pay its debts, the creditors cannot go to the shareholders and collect the debt out of the shareholders' personal assets. [read post]
11 Jul 2023, 12:04 pm
And in some states, for example,  </span> <a href="https://legaltalktexas.hammerle.com/probate/insurance-for-me-but-not-for-thee-life-insurance-and-annuities-sidestep-creditor-claims/" target="_blank" style="display: initial;"> Texas </a> <span style="display: initial;"> , death benefits are exempt from creditor claims for either the… [read post]
11 Jul 2023, 10:45 am by Jon Alper
Bank accounts owned by a married couple are protected from the creditors of either spouse if the account is owned as tenants by the entireties. [read post]
11 Jul 2023, 8:01 am by Holly
The decedent’s beneficiaries, heirs and creditors are able to either contest the estate or make a claim against the estate. [read post]
10 Jul 2023, 7:54 am by doug
College tuition and private school payments have been a hot potato in bankruptcy court lately, vulnerable to the argument that since they benefit the student rather than the debtor, they deprive other creditors of payments that are rightfully theirs. [read post]
10 Jul 2023, 4:43 am by jweil
Creditors Meeting and Asset Liquidation: Approximately 20-40 days after filing, you will attend a meeting of creditors, also known as a 341 meeting. [read post]
10 Jul 2023, 2:00 am by Law Staff
One of the most significant meetings related to filing for bankruptcy is known as the 341 meeting or creditors’ meeting, which is held by your court-appointed trustee, who will guide you through this intimidating process and answer any questions ... [read post]
7 Jul 2023, 11:49 am by Race to the Bottom
As receiver, the FDIC created ‘Signature Bridge Bank’, a temporary bank operated by the FDIC and used as an interim measure for managing Signature Bank’s assets, paying its creditors, and resolving its liabilities. [read post]
7 Jul 2023, 3:30 am by Col Ovik
Under § 523(a)(6), the creditor must demonstrate "willful and malicious injury by the debtor" to another person or their property, and if a creditor can successfully demonstrate a willful and malicious injury by the debtor the creditor’s claim can be excepted from discharge. [read post]
6 Jul 2023, 7:49 pm by Sabrina I. Pacifici
We estimate that the FDIC could have saved $13.6 billion by imposing losses on other creditors of the failed banks if US regulators had held the banks to a modified version of an existing international standard known as total loss-absorbing capacity, or “TLAC,” based on reasonable assumptions.. [read post]
6 Jul 2023, 2:45 pm by Bona Law PC
This means an expansion on the scope of 4(c) and (d) documents, including, for example, drafts (not just final versions) of responsive documents and other non-transaction related documents; Provision of details regarding previous acquisitions undertaken within the ten years prior to the acquisition filed, including information about all officers and board members, significant creditors and holders of non-voting securities, or minority shareholders (including now minority investors from… [read post]
6 Jul 2023, 10:17 am by Karel Frielink
At the dawn of Good Governance Is corporate governance an old or young phenomenon? [read post]
6 Jul 2023, 9:35 am by Law Offices of Daniel A. Hunt
Send “Notice to Creditors” to any known creditors and potentially pay debts. [read post]
5 Jul 2023, 8:28 pm
In a Chapter 7 bankruptcy, the types of assets you own will be evaluated, and your non-exempt assets may be seized and sold to repay your creditors. [read post]
5 Jul 2023, 1:28 pm
The trustee will distribute these payments to your creditors. [read post]