ABI

JANUARY 13, 2022

American Bankruptcy Institute Law Review Staff. . In In re McPherson , a Maryland bankruptcy court held that when a prepetition contract contains an arbitration clause, the bankruptcy court must defer to the arbitration as to the prepetition noncore claims. [1] Sarah Hautzinger. John’s University School of Law.

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Bankruptcy Debtor Creditors 40

Sawin & Shea

JANUARY 12, 2022

Debt elimination is typically one of the primary reasons a debtor will pursue bankruptcy. While filing for bankruptcy is often the best course of action if you are overwhelmed by debt and struggling to stay afloat, it’s important to understand what debts can and cannot be discharged in bankruptcy. How Debt Discharge Works.

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Student loans 52

Collection Industry News

AUGUST 30, 2021

Bankruptcy Code to allow borrowers to discharge student loans without proving that repayment of the debt imposes an “undue hardship” on them or their dependents. It was the second-highest consumer debt category, behind only mortgages. John Cornyn of Texas introduced the Fresh Start Through Bankruptcy Act of 2021.

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Student loans Student Loans Bankruptcy Loans 40

PBWT

JULY 15, 2020

Transferees in the last category are known as subsequent transferees.) In April 2008, Generation Resources filed for bankruptcy, and Eric C. LWHC ultimately obtained a $9 million judgment, which Edison Capital paid; the funds were deposited with the bankruptcy court overseeing Generation Resource’s bankruptcy case.

Law Firms 52

Law Firms Bankruptcy Judgment Construction 52

Troutman Sanders

JANUARY 23, 2024

On January 19, the Federal Court of Appeals for the Third Circuit ordered the bankruptcy court adjudicating the bankruptcy of FTX to appoint an examiner to investigate the collapse of the digital asset exchange. The debt relief is broken down into the following categories: $1.7 The requirement is per Financial Code section 521.

Financial services 52

Financial services Credit Unions Credit Unions Financial Institution 52

Troutman Sanders

OCTOBER 4, 2022

On September 29, an independent examiner was appointed in the Celsius bankruptcy case. State Activities: On September 30, Massachusetts Attorney General Maura Healy joined 10 other attorneys general in a letter, supporting the three major credit card companies’ adoption of a new merchant category code for the sale of firearms and ammunition.

Financial services 52

Financial services Trade Retail Banks 52

BN Lawyers

MARCH 23, 2020

It can make the difference between being able to work out an arrangement with a landlord or equipment lessors and needing to file for a chapter 11 bankruptcy to save your business. A lender may be willing to forbear payments in exchange for extending repayment out over an additional six-months to avoid forcing your business into bankruptcy.

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Bankruptcy Creditors Lender Lawyers 67

Better Credit Blog

JANUARY 14, 2021

CRDT First is one of the credit reporting codes that represent the Credit First National Association. Credit inquiries come in two different categories: hard and soft credit checks. A credit repair company can assist you with some of the following problems: Bankruptcy. Ask Lex Law for Help. Charge-offs. Collections-stage debts.

Loans 52

Loans Repossession Foreclosure Bankruptcy 52

Consumer Financial Services Law

JANUARY 22, 2021

Finally, while the Rule requires the debt collector to choose an itemization date and disclose it, the Rule does not require the debt collector to disclose the itemization date category upon which it relies. Caren additionally serves as the Chair of the American Bar Association’s Debt Collection and Bankruptcy Subcommittee.

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