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5 Jan 2023, 11:59 am
While Uniform Fraudulent Transfer Acts and reverse veil-piercing exists as weapons for creditors to collect from fraudsters, the developments in civil RICO law have greatly expanded the creditors’ arsenal. [read post]
5 Jan 2023, 10:09 am
Certain items cannot be touched by creditors or the court-appointed trustee who will oversee the liquidation process. [read post]
5 Jan 2023, 6:30 am
Talley (Columbia University - School of Law; European Corporate Governance Institute (ECGI)) have posted Debt Textualism and Creditor-on-Creditor Violence: A Modest Plea to Keep the Faith on SSRN. [read post]
5 Jan 2023, 6:03 am
Both banks are among the larger creditors in Live Well’s ongoing bankruptcy proceedings and also are among the victims and potential recipients of restitution in the Hild criminal case. [read post]
3 Jan 2023, 2:22 pm
., 1600 "monthly calculation units," which for 2022 was KZ₸3063, just over US$7, so 1600 x $7 = $11,200), (2) a 5-year payment-plan procedure ("restoration of solvency") for debtors with regular income who choose to propose a 5-year plan for court (not creditor) approval, (3) a traditional liquidation-and-discharge procedure ("judicial bankruptcy") unfolding over six months and leaving the debtor with exempt property, including a sole residence, and (4) a… [read post]
3 Jan 2023, 6:50 am
Have you received a letter or phone call from a creditor or collection agency demanding payment on a debt? [read post]
31 Dec 2022, 6:00 am
It allows them to restructure their debts and get a fresh start, while also providing creditors with some level of protection. [read post]
30 Dec 2022, 7:21 pm
You’ll be required to disclose your assets, liabilities, and income as part of the petition, and you’ll also be required to attend a meeting with your creditors, known as the “341 meeting. [read post]
30 Dec 2022, 12:04 pm
The claimant applied for a declaration that he held the mortgage debt by subrogation, was entitled to payments and this debt post dated the mental health moratorium and so was not caught by it, or that that there was right to request a review under the subsequent extension of the mental health moratorium as an additional debt The High Court held i) The claimant had acted under a mistake, the defendant had been unjustly enriched as a result, and the claimant was subrogated to the mortgage… [read post]
30 Dec 2022, 7:13 am
., company/seller, creditors, advisers), and the deal closes. [read post]
30 Dec 2022, 4:05 am
According to an Open Letter from the Official Committee of Unsecured Creditors recommending that abuse victims vote to accept the plan:Under the Plan, the Debtor, its affiliates and their insurers will create a settlement fund of approximately $121.5 million (the “Settlement Amount”) upon the effective date of the Plan. [read post]
28 Dec 2022, 11:18 am
., company/seller, creditors, advisers), and the deal closes. [read post]
25 Dec 2022, 5:00 pm
Apparently, the duped parties were able to delay the foreclosure by forcing the entity that owns the building into bankruptcy, and the AG has appeared in that proceeding, which will provide an opportunity to negotiate with the developer’s creditors. [read post]
23 Dec 2022, 9:03 pm
AKV, an association to protect creditor rights recognized by Austrian authorities, deals with insolvency cases in courts. [read post]
23 Dec 2022, 6:36 am
For example, in the event of litigation, creditors or other parties may be able to use the information disclosed in your company’s Chapter 11 filing to their advantage. [read post]
23 Dec 2022, 5:48 am
Not only can trusts and foundations help protect assets, but an effectively crafted estate plan can protect assets from attachment by outstanding creditors as well. [read post]
23 Dec 2022, 3:58 am
The post Ranking Creditors: Chinese Companies are Dead Last. appeared first on Harris Bricken Sliwoski LLP. [read post]
22 Dec 2022, 4:48 pm
The post Look At The Biglaw Firm Representing The FTX Creditors Committee appeared first on Above the Law. [read post]
22 Dec 2022, 2:02 pm
For the repossession to be legal, the creditor must file a lawsuit against the family and obtain the official order from a judge. [read post]
22 Dec 2022, 8:00 am
Simply put, the creditor cannot have his cake and eat it too. [read post]
