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31 May 2023, 2:01 pm
Previously arcane arguments over the constitutionality of the public debt limit now make headlines.[1] At the same time, debate swirls around whether the President of the United States has the constitutional authority, resting on Section Four of the 14thamendment, to ignore the debt limit. [read post]
31 May 2023, 1:48 pm
Assignment for the Benefit of Creditors – Another option that many financially distressed companies can use to avoid the bankruptcy process is an assignment for the benefit of creditors. [read post]
31 May 2023, 6:30 am
The national government can (1) bail out the local government and its creditors; (2) encourage the local government to default on its creditors; or (3) force the local government to pursue an austerity path—raising taxes, cutting spending—to pay its creditors. [read post]
31 May 2023, 4:00 am
Sutton is alleged to have transferred bankruptcy funds in excess of $600,000 for creditors to a different account that she controlled. [read post]
31 May 2023, 2:00 am
Letters To Bankruptcy Letter To Creditors Sample Letter Explaining Bankruptcy Instead of relying on templates found online and then filling in your information, it’s better to write or type letters to creditors. [read post]
30 May 2023, 6:40 pm
In bankruptcy actions, debtors are typically protected from claims from creditors. [read post]
30 May 2023, 10:26 am
When Can Creditors Use Lift Stay Motions? [read post]
30 May 2023, 6:51 am
By rejecting, the licensor shields herself from further obligations (as updating the licensed technology), while the licensee-creditor keeps access to such rights. [read post]
30 May 2023, 12:15 am
"Outside reverse veil piercing" allows a shareholder's creditor to reach corporate assets. [read post]
29 May 2023, 10:16 am
Secondly, under Regulation 17(a), the creditor is entitled to ask the debt advisor to cancel the MHCM on the basis that its continuing existence “unfairly prejudices the interests of the creditor”. [read post]
28 May 2023, 9:23 pm
In a recent decision, the Dubai Supreme Court (DSC) confirmed that enforcing foreign judgments in the Emirate could be particularly challenging. [read post]
26 May 2023, 12:38 pm
It involves liquidating non-exempt assets to repay creditors, and any remaining eligible debts are discharged, providing a clean slate for the debtor. [read post]
25 May 2023, 11:19 am
Under state law, a private creditor may enforce a judgment against a debtor by selling her real property, but "[n]o more shall be sold than is sufficient to satisfy" the debt, and the creditor may receive only "so much [of the proceeds] as will satisfy" the debt. [read post]
25 May 2023, 4:22 am
File a dispute with the creditor: Contact the creditor that reported the incorrect information and inform them of the mistake. [read post]
24 May 2023, 9:30 pm
Larue (1928), the Companies’ Creditors Arrangement Act Reference (1934), and the Farmers’ Creditors Arrangement Act Reference (1937). [read post]
24 May 2023, 11:48 am
Bankruptcy is a legal process that allows individuals or businesses to declare their inability to repay debts to their creditors. [read post]
24 May 2023, 11:08 am
The trustee cannot take more than you owe your creditors (less a small trustee fee to administer the case). [read post]
24 May 2023, 10:00 am
These are the creditors of the Democratic Party and they now seem intent on collecting on compounded interest of years of identity politics. [read post]
24 May 2023, 8:17 am
WRONGFUL REPOSSESSIONS The repossession of property by a creditor is a difficult process that can leave both parties frustrated. [read post]
24 May 2023, 7:14 am
Why Beneficiary Designations, POD Provisions, and Joint Accounts May Lead You Down a Path of Unintended Consequences Imagine for a moment that you’ve spent years meticulously building a castle. [read post]
