Sawin & Shea

SEPTEMBER 27, 2023

In this article, we will walk you through Indiana debt collection laws and some of the many exemptions that help you keep your personal, real, or intangible assets when you file for a Chapter 7 in the State of Indiana. The Court can sell all nonexempt possessions and assets. What Are My Exempt Assets?

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Hudson Weir

JUNE 30, 2021

A trade sale is a term used to describe the sale of a business, usually to another company in the same sector. There are lots of formats this sort of transaction might take, such as: Sale of the company shareholding Retail of business assets, including stock or premises Purchasing an insolvent business.

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PBWT

OCTOBER 25, 2020

There are several ways in which property owners can advantageously use the Bankruptcy Code to effectuate strategic dispositions of assets. The Townhouse was Wansdown’s primary asset. A so-called “363 sale” is the sale of all or substantially all of a debtor’s assets under section 363 of the Bankruptcy Code.

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Troutman Sanders

DECEMBER 7, 2023

BNPL loans, also known as “point-of-sale installment loans” or “pay-in-4” loans, have seen a rapid increase in recent years. The OCC also warns that the lack of clear, standardized disclosures may obscure the transaction terms, result in consumer harm, or result in potential unfair, deceptive, or abusive acts or practices (UDAAPs).

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Troutman Sanders

APRIL 28, 2022

On March 31, Idaho Governor Brad Little signed HB 583, the Digital Asset Act. The bill amends Title 28 of the Idaho Code, which governs commercial transactions generally, to include a new chapter dedicated to regulation of digital assets. The bill goes into effect on July 1.

Collateral 52

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Credit Corp

SEPTEMBER 14, 2021

A written will is a legally binding document outlining what you’d like to happen to your assets when you die. Most of the time, the assets you include in your will go through probate after you pass away. Any outstanding debts you owe are paid before assets get distributed, though. Can I Leave My Home to More Than One Person?

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PBWT

JANUARY 29, 2023

Because crypto companies do not have much physical inventory, real estate or other tangible assets to liquidate, it can be hard to imagine what assets will be available to help satisfy creditor claims. One way these debtors will bring value into their estates is through litigation. However, intent is often hard to prove.

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Troutman Sanders

FEBRUARY 3, 2023

These standardized disclosures are designed to help businesses and individuals understand and compare the terms of different commercial financing offers. The regulation implements the [Commercial Finance Disclosure Law or CFDL] and provides specific instructions to commercial financing providers on how to comply with the CFDL.”

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Financial services 52

In the Red

MARCH 23, 2020

The zone of insolvency is a term used to describe a company that is still solvent but is approaching insolvency. Many companies may have to make immediate or longer-term reductions in expenses and cash burn in an attempt to extend the runway for a turnaround, financing, or sale transaction. Zone of Insolvency.

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Troutman Sanders

SEPTEMBER 19, 2022

Secretary for the Treasury Janet Yellen issued a statement after the Treasury Department published three reports under Sections 4, 5, and 7 of President Biden’s Executive Order 14067 on “Ensuring Responsible Development of Digital Assets.” For more information, click here. On September 16, the U.S. For more information, click here.

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Debt Free Colorado

JANUARY 27, 2022

No matter which side you’re on, chances are you have heard of the term “non-exempt property.” All assets should be disclosed to the Trustee. The Trustee seizes all non-exempt assets. If the account is in credit, the amount is a bankruptcy asset. You Must Write Down All of Your Assets.

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CICM

JULY 26, 2023

It intends to maximise returns from customers who have been supplied on credit terms and are yet to pay, in a way that best supports the business. These could include offering a reduced credit limit, operating on shorter payment terms or obtaining some form of security.

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Collection Industry News

MARCH 25, 2024

market for one of the riskiest types of corporate debt is resurging this year, as companies cater to investor demand for assets that can lock in high yields for several years ahead of an expected decline in interest rates. March 15 (Reuters) – The U.S.

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Titan Consulting

SEPTEMBER 22, 2020

Debt settlement is a legitimate, legal, highly regulated alternative to bankruptcy or credit counseling for consumers experiencing long-term financial hardship and may provide relief for those facing high levels of unsecured consumer debt. FTC and TRS Rulings That Changed the Debt Relief Industry.

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Credit Corp

AUGUST 29, 2021

Furthermore, investors can even buy REIT ETFs to spread their investments among many real estate asset classes. A REIT owns and runs income-generating real estate and related assets. Investors can buy and sell these assets easily and at a low cost. Asset Management Roles. Real Estate Industry Job Statistics.

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Hudson Weir

MARCH 22, 2024

They review your business’ position to see if there is sufficient support to continue trading in the long-term. If administrators cannot see through a business rescue, they can distribute its assets to secured and preferential creditors, then to others if there is anything remaining. They will attempt to rescue the company.

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ABI

JANUARY 12, 2022

In In re Shoot the Moon, LLC , the United States Bankruptcy Court for the District of Montana held that a transaction between a restaurant business and a lender was a loan with a security interest in receivables as opposed to a sale with an ownership interest in receivables. [i] 8) the language of the agreement and the conduct of the parties.

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Hudson Weir

MARCH 16, 2021

Insolvency means a company is unable to pay its debts as they fall due, or does not have sufficient assets to cover them. Other key indicators of cash flow problems could be a noticeable slow-down in sales, outstanding invoices piling up or a run of higher-than-usual expenses. Negotiating favourable credit terms with suppliers.

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Loans Collections 71

Titan Consulting

AUGUST 23, 2020

In many cases, you may also lose certain secured assets like homes and cars in a liquidation to pay your creditors some of what you owe. The coronavirus brought on a global health and economic crisis unlike anything we have ever experienced, and experts do not agree on the long-term impact. Key Takeaways. Planning Ahead.

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Troutman Sanders

NOVEMBER 13, 2023

Cook spoke about financial stability and how “asset valuations have generally risen notably above their historical levels” this year. On November 8, the European Banking Authority issued draft guidelines defining how stablecoin issuers should structure their risk and management recovery plans concerning reserve assets.

Financial services 52

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Payment Savvy

AUGUST 19, 2020

Account Receivables Management is a set of procedures aimed at managing credit sales. It includes evaluating a client’s creditworthiness, outlining the terms of a credit sale, and developing an appropriate process for receivables collection. Simply put, it’s about ensuring customers pay their invoices.

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Troutman Sanders

NOVEMBER 8, 2023

Under the Dodd-Frank Act, the CFPB has the authority to supervise certain nonbanks through the use of rulemaking to define the term “larger participants” in a market. Second, the nonbank covered person must not be a small business as defined by the Small Business Administration.

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Student loans Student Loans Financial services Banks 52

PBWT

OCTOBER 24, 2022

arising from the debtor’s sale of certain aircraft. Following the sale, disputes between and among the debtor and others arose over aircraft repairs, other services, and escrowed funds. The debtor also had assets in places other than the IOM: Switzerland, Togo, Cyprus, Oklahoma, and Delaware. In re Shimmin , No.

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Hudson Weir

JANUARY 29, 2021

Pre pack administration is a formal procedure that enables an insolvent company to sell its assets to the existing directors, a trade buyer or another third party. In a regular administration, should the company itself not be able to be rescued, an administrator will advertise the business for sale after they are appointed.

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Troutman Sanders

OCTOBER 16, 2023

On October 10, the North American Securities Administrators Association (NASAA) — an alliance of securities regulators across the states, Canada, and Mexico — supported the SEC’s claims that assets and services offered by crypto exchange Coinbase are investment contracts. For more information, click here. For more information, click here.

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Financial services Student loans Student Loans Credit Unions 52

Troutman Sanders

SEPTEMBER 27, 2022

The CFPB also seeks public input on ways to support automatic short- and long-term loss mitigation assistance for homeowners experiencing financial disruptions. The CFPB invites insights on ways to improve mortgage refinances for homeowners who would benefit from refinancing, especially for borrowers with smaller loan balances.

Financial services 52

Financial services Loans Trade Student loans 52

ABI

JANUARY 28, 2024

4] Vital attributed its success in generating over six billion in sales to the use of nontraditional marketing channels, specifically, social media. [5] 7] In November of 2023, Vital filed a voluntary petition for relief under Chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) and began marketing its assets for sale. [8]

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ABI

JANUARY 19, 2024

6] Despite receiving several offers to sell certain assets and contracts, that Tilton never pursued, Tilton devised the “Tilton Plan,” pursuant to which TransCare would be split into two entities: “NewCo'' and “OldCo.” [7] 8] PPAS would then sell those assets to Tilton affiliates. [9] 30] [1] 11 U.S.C. § 548(a)(1)(A). [2]

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Troutman Sanders

DECEMBER 27, 2022

Asset-Backed Stablecoins Only : Although the bill does not specifically reference payment stablecoins, the bill seems to indirectly prohibit the issuance of algorithmic stablecoins through exclusion since the bill requires payment stablecoins to be backed 1-to-1 by level 1 high-liquid assets denominated in United States dollars.

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Financial services Banks Trade Retail 52

Collection Industry News

JUNE 16, 2023

Uniform Commercial Code (UCC): The UCC is a set of laws that governs commercial transactions, including the sale of goods and the rights and obligations of parties involved in commercial debt. The court’s judgment can provide legal authorization for various actions, such as seizing assets, placing liens, or garnishing wages.

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Debt RR

OCTOBER 13, 2019

This comprehensive guide will go over what a UCC filing is, who they impact, what terms need to be remembered, and how UCC filings on accounts receivable work. UCC filings can place liens against all or part of a business’s assets. With a few exceptions, there is typically only one lienholder per asset.

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Collection Industry News

OCTOBER 21, 2022

Developed economies globally are grappling with far-reaching consequences of an end to years of ultra-loose monetary policy, which kept asset prices high and the cost of debt low. trillion commercial property sector, where asset prices could slump by as much as 20% by end-2024, analysts at Goldman Sachs said. and Hammerson (HMSO.L)

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Fraser

NOVEMBER 24, 2021

A living trust is attractive for many because it provides for an efficient and effective disposition of assets to loved ones, and unlike a will a living trust avoids probate court. One asset that many people put in their trusts is real estate, be it a primary residence, vacant land, or otherwise.

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ABI

JANUARY 19, 2024

Independent Directors negotiated the terms under which 3M would fund a chapter 11 bankruptcy by Aero pursuant to a funding agreement. Under the funding agreement, 3M committed to satisfy all of Aearo’s liabilities, such that Aearo would have assets greater than liabilities, and therefore the financial capacity to satisfy obligations.

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UK debt collections

MARCH 2, 2021

Also, the DVLA having no record of the drivers and the owner having no money or assets on which to discharge the debt. As a result of these actions any free proceeds from the future sale of the identified assets are used to settle the appropriate debt. Effectively, the debtor being listed as insolvent or words to that effect.

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Jimerson Firm

JULY 22, 2020

In 2008, the Department of Labor announced its position that mortgage loan officers generally do not meet the administrative exemption to the FLSA’s minimum wage and overtime requirements because their primary duty involves production – i.e., sales – rather than the management or general business operations of the employer.

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Troutman Sanders

MARCH 28, 2023

Supreme Court will review the Fifth Circuit’s decision next term. The SEC’s complaint alleged that Sun, through Tron and BitTorrent, offered and sold unregistered “crypto asset securities” Tronix (TRX) and BitTorrent (BTT). For more information, click here. On March 23, the U.S. For more information, click here.

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