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2 Mar 2023, 1:50 pm
Liquidation means that a business’ assets will be sold to pay off its creditors. [read post]
2 Mar 2023, 8:53 am
For example, they may opt to sell certain property or assets in order to deal with creditors or pay for estate administration expenses, while distributing the remaining assets as outlined in the will. [read post]
2 Mar 2023, 5:30 am
When you take the leap to speak with a bankruptcy attorney, a big weight should be lifted off your shoulders, as you will be given your options for taking control of your finances again. [read post]
1 Mar 2023, 7:42 am
Further, Mr Palmer stated that, unlike the directors, an administrator’s duty is to act in the best interests of the creditors. [read post]
1 Mar 2023, 7:00 am
The lien acts as a notice to creditors that the government has a legal right to the property if the taxes are not paid. [read post]
1 Mar 2023, 5:30 am
In Chapter 13 Bankruptcy, collateral on a loan is either surrendered, paid on the plan, or paid outside the plan, with language on the plan that binds both debtor and creditor. [read post]
1 Mar 2023, 1:29 am
Schwemmer: Direct tort claims of the creditors of an insolvent company against the foreign grandparent company In its ruling of 10 March 2022 (Case C-498/20 – ZK ./. [read post]
28 Feb 2023, 11:09 am
The Crooks ruling reinforces the difficulties that judgment creditors of the LDNR may face in collecting on their judgments. [read post]
28 Feb 2023, 11:06 am
Also, make sure to update information with your creditors, like a new home address or phone number. ce. [read post]
28 Feb 2023, 9:56 am
In contrast, assets in an irrevocable trust can receive protection from creditors depending on the trust’s terms. [read post]
28 Feb 2023, 7:46 am
Additionally, creditors must be made aware of the death, income taxes must be paid and the returns submitted, and any debts incurred by the estate must be settled. [read post]
28 Feb 2023, 6:00 am
Next, the debtor makes payments to a bankruptcy trustee, who distributes the payments to the creditors. [read post]
28 Feb 2023, 5:01 am
The funds may also be used only for the well-being of the beneficiary, and in some cases are protected from creditors. [read post]
28 Feb 2023, 3:58 am
In bankruptcy actions, the courts aim not only to help debtors alleviate their overall debt load but also to protect the interests of the debtor’s creditors. [read post]
27 Feb 2023, 12:15 am
Accordingly, the creditor had no greater rights than her debtor. [read post]
26 Feb 2023, 6:17 pm
Chapter 13 bankruptcy allows debtors to create a repayment plan to repay their creditors over a three- to five-year period. [read post]
26 Feb 2023, 4:37 pm
Madam Justice Horsman dismissed the claim that the other creditor’s right to enforce its mortgage was out of time, and also dismissed the claim against Mr. [read post]
25 Feb 2023, 12:06 pm
When relationships fall apart, people quickly seize the items that they believe are theirs (or just want). [read post]
25 Feb 2023, 8:09 am
Those creditors must file a proof of claim in the bankruptcy case, and wait for payment, if any, by the Chapter 13 trustee. [read post]
25 Feb 2023, 5:30 am
In some instances, these refunds are allowed to be kept; in other instances, these refunds must be turned over to the debtor’s Chapter 13 trustee and used to pay creditors. [read post]
