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30 Oct 2017, 9:11 am
In some cases, the trustees avoid “preferences,” payments that improperly prefer one creditor over another. [read post]
4 Jun 2024, 9:05 pm
Policies or mechanisms that benefit shareholders may not necessarily benefit creditors. [read post]
20 Nov 2014, 3:50 pm
Usually I just call it the “hearing,” because the last thing you are likely to see at the meeting of creditors is a creditor. [read post]
9 Nov 2010, 5:52 pm
A creditor is likely to contend that the asset was worth significantly more than the loan. [read post]
15 Apr 2016, 4:03 am
The US Circuit Court of Appeals for the Second Circuit [official website] denied [order, PDF] creditors seeking to keep in place court-ordered protections following Argentina's 2001 default of $100 billion in bonds. [read post]
9 May 2011, 7:56 pm
Good news regarding Florida’s legislative efforts to statutorily protect inherited IRAs from the claims of creditors of a debtor beneficiary under Florida state law! [read post]
6 Feb 2006, 8:42 am
Florida generally allows for the protection of an individual's homestead from the claims of his or her creditors (although bankrutpcy law requires residence in Florida for an extended period of time to avail oneself of the full protection). [read post]
16 Sep 2010, 3:18 pm
Executors on many estates publish a notice called Notice to Creditors and Claimants in the newspaper in the area where the deceased lived. [read post]
19 Jul 2011, 6:52 am
On Monday, the United States Trustee announced the appointment of the Official Committee of Unsecured Creditors in the chapter 11 bankruptcy cases of ArchBrook Laguna Holdings LLC and several affiliated companies - ArchBrook Laguna New York, LLC; ArchBrook Laguna, LLC; ArchBrook Laguna West, LLC; Expert Warehouse, LLC; Lehrhoff ABL, LLC; and Chimerica Global Logistics, LLC. [read post]
19 Dec 2020, 1:50 pm
The sweetest words in an otherwise miserable bankruptcy means test are found buried in a long paragraph of §707(b)(2)(A)(ii)(1): The debtor’s monthly expenses “shall include reasonably necessary health insurance, disability insurance and health savings account expenses…” This provision, standing independently in the paragraph, stands for the proposition that the debtor can deduct from his CMI the […] The post The Means Test Allows Health Care Before… [read post]
29 Aug 2011, 4:44 pm
Last Friday, the United States Trustee announced the appointment of an Official Committee of Unsecured Creditors in the chapter 11 bankruptcy case of Evergreen Solar, Inc. [read post]
27 May 2011, 9:53 am
The United States Trustee for Region 21 announced the appointment of an Official Committee of Unsecured Creditors for the HearUSA bankruptcy in a court filing Wednesday. [read post]
3 Aug 2009, 10:23 pm
It is usually a good idea to have more than 3 petitioning creditors so that if the validity of any creditor's claim is challenged, such as that the claim is subject to bona fide dispute, there are still additional petitioning creditors with valid claims. [read post]
12 Nov 2008, 1:31 pm
Passengers must yield to the prior claims of Crown trust claims (for unremitted employment insurance premiums and tax deductions), secured creditors and preferential creditors. [read post]
28 Nov 2014, 7:54 am
Nov. 10, 2014) Related posts: Domain Names as Property Subject to Creditor Claims–Bosh v. [read post]
10 Jun 2012, 5:22 pm
Before a creditor can collect from a debtor who has filed bankruptcy, the creditor must file a claim in bankruptcy court. [read post]
9 Jan 2012, 2:49 am
Attorney John Murrin – of DIAL L-A-W-Y-E-R-S fame – was thrown into involuntary bankruptcy by his creditors after failing to pay over $460,000 in sanctions and costs for pursuing frivolous claims, engaging in bad-faith litigation, and failing to comply with several … Continue reading ? [read post]
29 Sep 2010, 5:00 am
Since that would mean that the buyer was a mere continuation of the seller, and the transactions were undertaken to defraud creditors, the Court denied Verox Technologies’ motion to dismiss plaintiff’s claims. [read post]
24 Dec 2010, 3:03 am
Debtors must make sure all creditor's and potential creditors are listed in their schedules. [read post]
2 Jul 2012, 8:18 am
It may be obvious that the main reason people file for bankruptcy is because they simply have more debt than they can handle, and they want a fresh start; however, another big reason many people decide to move forward with a bankruptcy filing is because they are being badgered by creditors and they simply want to put a stop to it. [read post]
