ABI

JANUARY 22, 2023

John's University School of Law American Bankruptcy Institute Law Review Staff Article I, Section 8, Clause 4, of the United States Constitution contains the “Bankruptcy Clause,” which vests Congress with the power to establish “uniform Laws on the subject of Bankruptcies throughout the United States.” [1] 11] In Siegel v.

Bankruptcy 40

Bankruptcy Debtor Creditors 40

Sawin & Shea

FEBRUARY 28, 2024

When filing for bankruptcy, you can discharge certain types of personal loans, meaning that you’re no longer legally responsible for paying off the debt. If you’re considering filing for bankruptcy, you need to know what personal loans you can discharge and which filing method suits your financial situation.

Personal loans 52

Personal loans Bankruptcy Chapter 13 bankruptcy Loans 52

UK debt collections

SEPTEMBER 9, 2022

The Insolvency Service has announced that the up-front petition deposit fee paid by those initiating creditor bankruptcy and compulsory liquidation proceedings is rising from 1st November 2022. The Insolvency Service is introducing changes to the deposits paid to initiate creditor bankruptcies and compulsory liquidations.

Bankruptcy 52

Bankruptcy Creditors 52

ABI

JANUARY 12, 2022

American Bankruptcy Institute Law Review Staff. . . In 2017, Congress enacted certain amendments (the “2017 Amendment”) that increased the quarterly fees to be paid by debtors to the Office of the United States Trustee in larger cases pending under Chapter 11 of the United States Code (the “Bankruptcy Code”). [1]

Bankruptcy 40

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PBWT

SEPTEMBER 28, 2022

Although some tenants may show signs of financial distress or even approach their landlords seeking rent relief or some other form of forbearance, landlords often have little or no advance warning of a bankruptcy filing. Fortunately, landlords can take steps before any filing in order to protect their interests.

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Bankruptcy Debtor Retail Repossession 65

CICM

NOVEMBER 29, 2022

In our latest guest blog and recent podcast , two of our corporate partners, Menzies and Shoosmiths , take a look at the increased petition levels and whether they are a good idea. If we compare them to August 2019 stats to reflect on a pre-pandemic scenario, they are up by some 42%, although bankruptcies are 58% lower. Debt Claim.

Bankruptcy 40

Bankruptcy Banks Credit Management Debtor 40

Sawin & Shea

JUNE 16, 2021

Many people assume that because they have filed bankruptcy, their credit is ruined, and they will not be able to qualify for any loans. Chapter 7 bankruptcy: In this type of bankruptcy, your non-exempt assets (if any) have been liquidated to pay off a percentage of your debts. Tips: Beware of fees.

Chapter 13 bankruptcy 98

Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Loans 98

Collections Law

JANUARY 13, 2023

If your debtor hasn’t declared bankruptcy, there are several ways we can use to try to get you paid, even if you don’t have collateral or a court judgment yet. Since your debtor isn’t in bankruptcy, we can pursue the debt aggressively. Getting a judgment without scaring the assets away We can file suit for the money they owe.

Debtor 52

Debtor Judgment Collateral Garnishment 52

Debt Free Colorado

JANUARY 27, 2022

You’ve undoubtedly heard of bankruptcy. Some people swear they’ll never file bankruptcy, while others regularly use it as a tool. Our competent bankruptcy attorney at Dray Legal can explain this in more detail. Our competent bankruptcy attorney at Dray Legal can explain this in more detail.

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Bankruptcy Chapter 7 bankruptcy Unsecured Creditor Debtor 75

Troutman Sanders

JANUARY 9, 2024

On January 4, the Federal Trade Commission (FTC) and the State of Connecticut announced they are filing suit against an auto dealer for several of its business practices. They allege that the dealer deceived consumers about the price of certified used cars, add-ons, and government fees. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Debt collector 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. For more information, click here. For more information, click here. For more information, click here.

Financial services 52

Financial services Credit Unions Credit Unions Financial Institution 52

Fraser

JULY 21, 2020

As the bankruptcy wave continues to build, more businesses are being forced to deal with bankrupt customers. What’s worse—and which often comes as a big surprise—is when a business gets sued by the debtor or bankruptcy trustee seeking to recover payments made by the debtor before the bankruptcy. What is a Preference Lawsuit?

Creditors 56

Creditors Bankruptcy Debtor Construction 56

Credit Corp

JUNE 14, 2023

It also helps increase the age of your credit, which is good for your score. Pro tip: If you miss a payment by accident, call your issuer to see if it might agree to not report it to the credit bureaus and/or waive the late fee. Bankruptcy: Seven or 10 Years Bankruptcies show up in the public records section of credit reports.

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Foreclosure Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy 89

True Accord

APRIL 5, 2023

While inflation eased for an eighth straight month in February at 6%, price increases rose sharply again on a monthly basis – prices grew 0.4% increase in January, driven by higher gasoline and rent prices. trillion , driven by the value of equities holdings increasing $2.7 following a 0.5% Balances now stand $2.75

Student loans 94

Student loans Student Loans Credit Card Debt Loans 94

Collection Industry News

SEPTEMBER 29, 2020

Just in Time: New Bankruptcy Relief for Small Businesses. million) to take advantage of a new way to restructure under chapter 11 of the Bankruptcy Code. million) to take advantage of a new way to restructure under chapter 11 of the Bankruptcy Code. million of third-party debt is set to expire early 2021. By Jerrold L.

Bankruptcy 45

Bankruptcy Creditors Debtor Lawyers 45

Troutman Sanders

NOVEMBER 15, 2022

On November 11, prominent cryptocurrency exchange FTX abruptly filed for Chapter 11 bankruptcy and founder Sam Bankman-Fried resigned as CEO. John Ray III, a well-known bankruptcy attorney who administered now-defunct energy giant Enron’s 2001 Chapter 11 restructuring, will replace Bankman-Fried as CEO of FTX.

Financial services 52

Financial services Student loans Student Loans Trade 52

Credit Corp

MARCH 16, 2021

There are lots of ways to increase your net worth. The second option is to get a side hustle so that you can increase your monthly income. Credit counseling agencies offer this plan in exchange for a fee. The counseling session is often free, but you have to pay a fee for the debt management plan. Make a Budget.

Debt Consolidation 98

Debt Consolidation Credit Card Debt Debt settlement Creditors 98

PBWT

JUNE 23, 2020

and most of its affiliates filed for bankruptcy on May 22, 2020. This was just one corporate failure among many in the midst of the COVID-19 pandemic; but, a novel strategy by Hertz to raise capital to fund its bankruptcy has raised eyebrows instead. 1] The Court approved the motion the very next day.

Debtor 52

Debtor Bankruptcy Retail Trade 52

Sawin & Shea

OCTOBER 19, 2022

Difficult financial situations are never in our plans, so those who file for bankruptcy are often left with a lot of questions about what they can and can’t do once proceedings are completed. One of the confusing subjects surrounding bankruptcy is car buying. Differences between Chapter 7 and Chapter 13 Bankruptcies.

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Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Loans 19

Troutman Sanders

DECEMBER 27, 2022

The FTC alleged that Mastercard blocked merchants from routing e-wallet Mastercard debit transactions to competing payment card networks that may charge lower transaction fees than Mastercard. On December 21, the Securities and Exchange Commission (SEC) filed a civil enforcement action against Thor Technologies, Inc.

Financial services 52

Financial services Banks Trade Retail 52

Credit Corp

JULY 20, 2020

This could include suing you in court for what you owe and requesting a garnishment of your wages. Unless you settle or file for certain types of bankruptcy —or the statute of limitations in your state has been reached—you’re still responsible for paying back the debt. Annual Fee: $0. Credit Needed: Excellent-Good.

Debt Consolidation 98

Debt Consolidation Creditors Third-party Debt Collectors Creditworthiness 98

FDCPA Defense

MAY 21, 2016

This allegedly led to the sale of accounts with inaccurate balance or APR data, and the sale of accounts that were not owed, because they were opened as a result of fraud, the account holder was deceased or in bankruptcy, or the account had been settled or paid in full.

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