PBWT

JANUARY 19, 2021

In 2019, we began following a Circuit split regarding a secured creditor’s obligation to return collateral that it lawfully repossessed pre-petition after receiving notice of a debtor’s bankruptcy filing. by the existence of a separate provision, §542, that expressly governs the turnover of estate property.”

Bankruptcy 65

Bankruptcy Debtor Creditors Repossession 65

Sawin & Shea

JUNE 21, 2023

The Chapter 13 repayment plan consolidates your existing debts into a three to five-year plan to pay back your creditors, and initiating the process offers immediate protections, including an automatic stay, and allows you to keep all of your possessions. When filing for Chapter 13, debtors don’t immediately discharge their debts.

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Debtor 52

Debt Free Colorado

MARCH 3, 2023

Are My Creditors capable of appealing My Bankruptcy? Chapter 7 bankruptcy Given its straightforward and simple nature, Chapter 7 is sometimes referred to as straight bankruptcy since it involves selling the debtor’s assets, and splitting the money among creditors. What Can’t Bankruptcy Do? What Can’t Bankruptcy Do?

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Credit Counselor Chapter 7 bankruptcy 52

The Kaplan Group

JUNE 23, 2020

Normally on this blog we give advice to our clients and creditors who are owed money. Here are some tips for both debtors and creditors considering a payment plan as a way to resolve an issue. Your creditors do not want you to go out of business or declare bankruptcy. Are you offering collateral?

Credit Counselor 59

Credit Counselor Bankruptcy Creditors Debtor 59

BN Lawyers

MAY 28, 2019

Because companies in financial distress usually fall behind on royalty payments, royalty owners, usually one of the largest groups of creditors in oil and gas bankruptcies, tend to have a lot at stake. In Texas, royalty creditors are afforded statutory protections. Secured Status under Texas Law. Texas, March 7, 2019). Del.Code Ann.

Bankruptcy 40

Bankruptcy Collateral Creditors Debtor 40

Consumer Financial Services Law

JANUARY 22, 2021

19-357, resolves this split in favor of the creditor. Background The case arose from four separate chapter 13 bankruptcy cases in which the debtors sought to regain possession of their vehicles from the City of Chicago, which had seized and impounded the vehicles prepetition due to unpaid parking tickets and similar traffic fines.

Bankruptcy 40

Bankruptcy Chapter 13 bankruptcy Construction Debtor 40

Debt RR

OCTOBER 13, 2019

What laws govern business to business transactions? UCC filings are the standard for placing liens against other businesses or individuals with collateralized agreements. In each of these instances, the collateral for the UCC will vary. A UCC filing on a business is when a creditor (a lender, financial institution, lessor, etc.)

Collateral 41

Collateral Creditors Loans Financial Institution 41

The Creditors Rights

MAY 24, 2016

The Ninth Circuit BAP recently discussed on appeal the issue of whether a bankruptcy court may use the “fair and equitable” standard for confirmation in § 1129(b) to deny an oversecured creditor default interest on its claim to which it would otherwise be entitled under § 506(b). In Wells Fargo Bank, N.A. 819 (9 th Cir. The BAP reversed.

Bankruptcy 40

Bankruptcy Debtor Creditors Collateral 40

Debt RR

AUGUST 3, 2020

When a creditor or a government authority sues a business or individual for an unpaid debt, one of the options for settling is for the court to give the creditor the right to pull the funds from a bank account. That means, even if the account is in the company’s name, a creditor or the IRS can place a levy on the assets.

Garnishment 40

Garnishment Banks Student loans Student Loans 40

BN Lawyers

MARCH 23, 2020

Work with Creditors. Most creditors (lenders, suppliers, employees) will be aware of the distress facing the entire service industry. Many creditors will be willing to work with businesses. Creditors face their own pressures. To the extent possible, payments to creditors should be delayed while negotiations are ongoing.

Bankruptcy 67

Bankruptcy Creditors Lender Lawyers 67

Debt Free Colorado

DECEMBER 9, 2021

Consider your income, assets, creditors, expenditures, and your ability to pass the means test while selecting between Chapter 13 and Chapter 7. The United States Bankruptcy Code governs both chapter 7 and chapter 13 bankruptcy. Creditors are prohibited from contacting you after your petition is filed.

Chapter 13 bankruptcy 75

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 75

Troutman Sanders

FEBRUARY 13, 2024

The judge stated that since Genesis never transferred the assets, they cannot be considered as collateral pledged by the debtor. However, the judge found that the contracts between Genesis and Gemini clearly required a transfer for the assets to be pledged as collateral. billion in debt. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Collection Agencies 52