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9 May 2024, 2:00 pm
The attorney had been holding the check in order to verify that it was legitimate, having remembered a series of scams from several years ago where law firms had been duped into accepting official/certified checks from “debtors,” depositing those funds into their client trust accounts, remitting the funds less the attorney’s fees to the creditor, and then finding out that the checks were bogus. [read post]
9 May 2024, 12:00 pm
If your Will creates a Spendthrift trust, the creditor would not have direct access to the inheritance. [read post]
9 May 2024, 1:48 am
During the repayment period, the homeowner makes regular payments to a court-appointed trustee, who then distributes the funds to creditors, including the mortgage lender. [read post]
9 May 2024, 12:00 am
Both creditors and borrowers face many challenges when it comes to managing outstanding debts. [read post]
8 May 2024, 8:05 pm
Confirmation of a Chapter 11 plan requires that the plan comport with the "best interests" test, meaning that impaired, non-consenting creditors must receive at least as much in the Chapter 11 as they would receive in a Chapter 7 liquidation. [read post]
8 May 2024, 5:58 pm
A judgment creditor cannot garnish the IRS... [read post]
8 May 2024, 12:05 pm
Does the “rush in” creditor escape the restructuring? [read post]
8 May 2024, 11:18 am
The trustee is in charge of cleaning out the house, gathering all assets, selling assets, selling the house, paying bills, paying taxes, notifying creditors, and the list goes on and on. [read post]
8 May 2024, 9:44 am
When it comes to safeguarding your home from creditors, Florida’s homestead exemption provides one of the strongest protections in the United States. [read post]
8 May 2024, 3:52 am
If creditors coming after your home is a point of serious concern for you, your best option is to consult an experienced estate planning attorney about which arrangements can keep your house and other assets safe going forward.How California Creditors Can Take Your HomeIn the state of California, creditors can seize your home in a number of ways. [read post]
8 May 2024, 12:00 am
By requesting validation, you can receive documentation that proves the debt’s existence, the amount owed, and the creditor’s right to collect. [read post]
7 May 2024, 9:05 pm
Disclosing these stringent, initial terms could alarm other lenders, like trade creditors or bondholders, who might then act to protect their interests by, say, pulling their financing, potentially harming the company’s liquidity and negotiating leverage. [read post]
7 May 2024, 3:32 pm
Creditor Issues: If one joint tenant has debts, creditors may claim that owner’s interest in the property, affecting the surviving tenant’s ownership. [read post]
7 May 2024, 1:23 pm
The whole scheme is frankly a fraudulent transfer—the bankruptcy process is being used to hinder, delay, and defraud creditors by forcing a low-ball settlement on them without an opt-out—but the termination of the 2023 Funding Agreement is more specifically a problem as noted above. [read post]
7 May 2024, 6:00 am
Notification of the estate and the appointment of the personal representative must be made to heirs and creditors. [read post]
7 May 2024, 3:00 am
The proceeds from the auction are used to pay back creditors as well as compensate the trustee for their work on the case. [read post]
6 May 2024, 10:27 am
Nevada’s statutes specifically allow directors to consider both long- and short-term interests, as well as the interests of employees, suppliers, creditors, or customers, and “the interests of the community. [read post]
5 May 2024, 9:01 pm
Creditors have 30 days to respond to the independent monitor. [read post]
5 May 2024, 1:16 pm
Florida law provides judgment creditors numerous means to find information about a debtor’s income and assets. [read post]
5 May 2024, 1:16 pm
These include protection from forced sale by most creditors and... [read post]
