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19 May 2007, 2:19 pm
Gheewalla (opinion available here from Richards, Layton & Finger), the Delaware Supreme Court held that creditors have no standing to bring a direct cause of action for breach of fiduciary duty against directors and officers of a company operating in the so-called "zone of insolvency. [read post]
2 May 2023, 3:21 pm by Eric Lockridge and Katilyn Hollowell
” At the sale, the creditor is allowed to “credit bid” up to the amount of its debt, which amount will be provided by the creditor prior to the sale date. [read post]
28 Dec 2012, 1:30 am by Thomas McAvity
When creditors violate any portion of the FDCPA, they are subject to prosecution by the Federal Trade Commission, and debtors are entitled to file a private lawsuit against negligent creditors. [read post]
25 Oct 2006, 9:00 pm
However, it should be pointed out that under Netherlands Antilles law statutory provisions exist which see to it that no transactions are done for no other reason than to disadvantage creditors or making recourse of creditors impossible. [read post]
11 Jun 2012, 10:12 am by gregbond
The original post is titled Medical Debt: How Creditors are Invading Hospital Rooms , and it came from Oregon Bankruptcy Lawyer | Portland, Salem, and Vancouver, Wa . [read post]
27 Mar 2009, 6:37 am
Surprisingly, no.Bankruptcy law in Arizona and everywhere else requires the listing of all your creditors. [read post]
29 Oct 2015, 12:49 pm by Charles (Chuck) Rubin
The trial court ruled against the creditor, finding that the creditor had not proved the debtor made the transfer to “delay, hinder, or defraud creditors” (which is a requirement of the proceedings supplementary statute). [read post]
15 Apr 2015, 7:29 pm by Kenneth Vercammen Esq. Edison
But, if a personal representative has been appointed and has closed the estate under circumstances which leave a creditor’s claim unbarred, the creditor is permitted to enforce his claims against distributees, as well as against the personal representative if any duty owed to creditors under Section 3-807 or Section 3-1003 has been breached. [read post]
10 Feb 2022, 5:30 am by Charles Nguyen
Your 341 Meeting or the Meeting of Creditors is the opportunity for your Trustee and creditors to ask you questions about your petition and schedules, while under oath. [read post]
27 Jan 2021, 9:35 am
Under Iowa Code, claims of creditors receive priority over distributions to beneficiaries. [read post]
13 Feb 2024, 8:44 am by Gideon Alper
Here are the main ways a creditor can collect a judgment in Florida: Wage Garnishment This involves... [read post]
15 Jun 2009, 7:38 pm
Ten years or so ago an article in the Yale Law Review criticized the Chapter 11 procedure as giving hold up power to lower echelons of creditors and claimants at the expense of the secured creditors. [read post]
9 Apr 2010, 12:34 pm by Zach Lowe
But at least one key creditor appears to be left out in the cold. [read post]
5 Dec 2018, 9:00 am
Think of a preference like this- on the eve of filing bankruptcy, you preferred one creditor over another by paying one creditor and not the others. [read post]
13 Jan 2008, 1:19 am
Reorganisation, creditor empowerment and faster proceedings are the highlights of the new Czech Bankruptcy Act, in force from 1 January 2008.A local perspective is given in Czech Business Weekly, emphasising strict deadlines on courts, debtors and creditors - the court... [read post]