Jimerson Firm

MARCH 10, 2021

Oftentimes, individuals or businesses borrow money from a bank or lender, and unfortunately, are unable to pay the loan payments. In this event, the borrower may try to shift the blame of their inability to pay on the bank or lender, by filing a claim for negligent loan processing or underwriting, and/or breach of fiduciary duty.

Banks 98

Banks Loans Lender Financial services 98

PBWT

SEPTEMBER 30, 2022

” 11 U.S.C. § ” 11 U.S.C. § ” 11 U.S.C. § It retained Reverse Mortgage Solutions, Inc. (“RMS”), a mortgage servicer, to subservice certain loans, under the terms of three agreements. RMS filed a chapter 11 petition on February 11, 2019. § 503(b); id. §

Bankruptcy 112

Bankruptcy Debtor Lender Government 112

ABI

JANUARY 19, 2024

1] The safe harbor rule set out in Section 546(e) of Title 11 of the United States Code (the “Bankruptcy Code”) provides, in part, that a trustee may not avoid a transfer made before the commencement of the case in connection with a securities contract, as defined in Section 741(7), made by, to, or for the benefit of a financial institution. [2]

Bankruptcy 40

Bankruptcy Financial Institution Loans Banks 40

Credit Corp

MARCH 22, 2023

As of the second quarter in 2022, Americans owed over $192 billion in personal loans, according to TransUnion ®. If you’re one of the many Americans who took out a personal loan in early 2022, the good news is that interest rates were very low, according to the St.

Personal loans 98

Personal loans Loans Lender Debt Consolidation 98

ABI

MARCH 9, 2020

Acis LP”) is a Delaware limited partnership investment adviser and collateralized loan obligation (“CLO”) manager. [4] 5] Acis was named as an alleged debtor in an involuntary petition for relief under chapter 11 of the Bankruptcy Code. [6] 11] See id. 1] In In re Acis Capital Mgmt., 3]. Acis Capital Management, L.P.

Bankruptcy 40

Bankruptcy Debtor Collateral Construction 40

FDCPA Defense

FEBRUARY 1, 2018

1992) (emphasis added, citation and quotation marks omitted) (personal loan from friend used to start software business not a “debt” under the Act: “The [FDCPA] characterizes debts in terms of end uses. [n]either n]either the lender’s motives nor the fashion in which the loan is memorialized are dispositive of the inquiry”).

Accrued Interest 40

Accrued Interest Foreclosure Debt collector Debtor 40

FDCPA Defense

JANUARY 22, 2017

2541, 2551 (2011); Powers v. Countrywide Home Loans, Inc., 2011) (defendant could not be deprived of the right to litigate defenses to each class member’s claim to prove that cars were not leased primarily for “personal, family or household purposes”). Wal-Mart Stores, Inc. Dukes , 131 S. Credit Mgmt. 3d 567, 571-73 (8th Cir.

Collections 40

Collections Judgment Creditors Law Firms 40