In the Red

NOVEMBER 23, 2020

Each year amendments are made to the rules that govern how bankruptcy cases are managed the Federal Rules of Bankruptcy Procedure. The amendments address issues identified by an Advisory Committee made up of federal judges, bankruptcy attorneys, and others. The rule amendments are ultimately adopted by the U.S.

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Bankruptcy Government Debtor Creditors 130

Roths Child Law

MAY 17, 2024

A decision to file for bankruptcy is one that’s usually not made without considerable thought. Many consumers file for Chapter 7, which is known as the liquidation bankruptcy, or Chapter 13, which is known as the wage-earner’s bankruptcy. Means test In order to file for Chapter 7 bankruptcy, a filer has to pass the means test.

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Chapter 7 bankruptcy Bankruptcy Creditors Debtor 98

In the Red

NOVEMBER 5, 2019

Each year amendments are made to the rules that govern how bankruptcy cases are managed — the Federal Rules of Bankruptcy Procedure. The amendments address issues identified by an Advisory Committee made up of federal judges, bankruptcy attorneys, and others. The rule amendments are ultimately adopted by the U.S.

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In the Red

MAY 21, 2019

After dividing the courts for a number of years, we finally have the answer to the big question of whether rejection of a trademark license by a debtor-licensor deprives the licensee of the right to use the trademark. Heres the question on which the Supreme Court granted certiorari in the Mission Product Holdings, Inc.

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In the Red

MAY 21, 2019

After dividing the courts for a number of years, we finally have the answer to the big question of whether rejection of a trademark license by a debtor-licensor deprives the licensee of the right to use the trademark. Heres the question on which the Supreme Court granted certiorari in the Mission Product Holdings, Inc.

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Bankruptcy Debtor Manufacturing Construction 130

PBWT

NOVEMBER 20, 2022

Earlier this year, we wrote about the challenges facing the crypto industry that resulted in the bankruptcy filings of Three Arrows Capital, Celsius Network, and Voyager Digital. On November 11, FTX Trading LTD and approximately 130 of its affiliates filed voluntary chapter 11 bankruptcy petitions in Delaware.

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Troutman Sanders

JANUARY 18, 2023

Throughout the latter half of 2022, filing for bankruptcy became a reality for many high-profile crypto firms. Then, on July 13, 2022, Celsius filed voluntary petitions for relief under Chapter 11 of the bankruptcy code. The resurgence of “crypto winter” has brought many crypto-related entities to their proverbial knees.

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Bankruptcy Debtor Government Collections 98

Titan Consulting

AUGUST 23, 2020

Bankruptcy will destroy your credit and remain on your credit report for up to 10 years. You must qualify to file for bankruptcy, and your income must meet an income means test. When government assistance is not providing enough income to cover job losses, should you file for bankruptcy or hold out for the economic recovery?

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 86

Collections Law

FEBRUARY 26, 2025

Debtors may dissipate assets or file for bankruptcy, leaving you with little recourse. Excessively aggressive tactics can alienate debtors, while a passive approach may not convey the urgency of the situation. Mistake #4: Ignoring legal requirements Massachusetts has specific laws governing debt collection practices.

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Collections Commercial Collection Lawyers Fair Debt Collection 52

Burr Forman

AUGUST 19, 2021

David Houston IV – Nashville, Litigation and Bankruptcy. Erich Durlacher – Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law. Christopher Carson – Commercial Litigation, Litigation – Bankruptcy, Mass Tort Litigation / Class Actions – Defendants. Rion Foley – Charleston, Public Finance Law.

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Nexa Collect

JULY 28, 2020

Agencies offer their agents rigorous training and access to advanced tools like skip tracing and bankruptcy scrub to improve the accuracy of their collections. Skip tracing techniques allow agents to track down debtors that have “skipped” out on their debts and are no longer reachable. Collection Agencies Mitigate Legal Risks.

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Nexa Collect

AUGUST 8, 2020

Agencies offer their agents rigorous training and access to advanced tools like skip tracing and bankruptcy scrub to improve the accuracy of their collections. Skip tracing techniques allow agents to track down debtors that have “skipped” out on their debts and are no longer reachable. Collection Agencies Mitigate Legal Risks.

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Collection Agencies Collections Agency Collections Debt Recovery 130

PBWT

SEPTEMBER 30, 2022

To encourage parties to transact with debtors in bankruptcy, the Bankruptcy Code in corporate bankruptcies provides highest priority to “administrative expenses,” which include “the actual, necessary costs and expenses of preserving the estate.” ” 11 U.S.C. § § 503(b); id. §

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Fraser

JUNE 25, 2020

It should come as no surprise, therefore, that the economic downturn has led to a surge in corporate bankruptcy filings. According to data from Epiq Global, 722 companies sought bankruptcy protection around the U.S. For creditors to maximize their recoveries, they must stay informed and take action during a bankruptcy proceeding.

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Creditors Bankruptcy Unsecured Creditor Debtor 72

Debt Free Colorado

FEBRUARY 24, 2025

Say goodbye to credit card stresssee if Chapter 7 bankruptcy is your solution. Chapter 7 bankruptcy can help clear debt and give you a fresh start. A Greenwood Colorado bankruptcy attorney can explain your options and make sure you dont risk losing assets you want to keep. What Is Bankruptcy Chapter 7?

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Credit Card Debt Chapter 7 bankruptcy Bankruptcy Chapter 13 bankruptcy 52

Debt Free Colorado

DECEMBER 9, 2021

Are you considering bankruptcy? Bankruptcy is a challenging, life-altering experience. . If you are considering consulting with an attorney about your debt-relief options, it is essential to remember that each type of bankruptcy comes with its advantages and disadvantages. . Advantages of Chapter 7 Bankruptcy.

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 75

PBWT

OCTOBER 24, 2022

bankruptcy court recently denied chapter 15 recognition to a case in the Isle of Man (IOM). Although the court found that the IOM proceeding was a “foreign proceeding,” it also held that the debtor’s center of main interests wasn’t in the IOM and the debtor didn't have an establishment there.

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Collection Industry News

OCTOBER 17, 2022

This entry is part of Nelson Mullins’s ongoing “Bankruptcy Basics” blog series that is intended to address foundational aspects of bankruptcy for non-bankruptcy practitioners and professionals. This entry will discuss sales of assets “free and clear” under section 363 of the Bankruptcy Code.

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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.”

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In the Red

MAY 21, 2019

After dividing the courts for a number of years, we finally have the answer to the big question of whether rejection of a trademark license by a debtor-licensor deprives the licensee of the right to use the trademark. Here’s the question on which the Supreme Court granted certiorari in the Mission Product Holdings, Inc.

Bankruptcy 100

Bankruptcy Debtor Manufacturing Construction 100

Nexa Collect

MARCH 12, 2021

The FCRA-mandated credit reporting period is the same in Puerto Rico: 7 years for debt, and 10 years for bankruptcies, but note that Puerto Rico has its own statute of limitations for filing lawsuits to collect debts: 15 years. 981p (12)). All that being said, in Puerto Rico interest is allowed on money judgments, at a rate of 6%.

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Collection Agencies Collections Agency Collections Garnishment 130

Sawin & Shea

MARCH 2, 2022

Shortly after you file for Chapter 7 or Chapter 13 bankruptcy, you will receive a notice for your section 341 meeting of creditors. It’s an essential part of the bankruptcy process that usually takes place at the Federal courthouse, but currently is done over the phone or via a Zoom chat due to the pandemic.

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Chapter 13 bankruptcy Bankruptcy Creditors Chapter 7 bankruptcy 105

Jimerson Firm

MAY 5, 2021

Certain entities facing ongoing financial hardship will chose to seek Chapter 11 or other bankruptcy protection, and while PPP loan and Coronavirus-related EIDL generally are forgivable, exactly how such loan default will be treated through reorganization is the subject of much current litigation and has yet to be fully determined.

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Collateral Loans Government Debtor 98

Troutman Sanders

MARCH 7, 2023

Coughlin , case number 22-227, after the First Circuit last year barred the Lac du Flambeau Band from seeking to collect on a $1,600 debt obligation to the tribe’s lending arm, Lendgreen, after the debtor filed for Chapter 13 bankruptcy.

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Bankruptcy Chapter 13 bankruptcy Debtor Government 52

Debt Free Colorado

MARCH 10, 2023

Learn about the Five Bankruptcy Myths in Littleton, Colorado Due to worries stoked by myths and misconceptions about bankruptcy, many people choose not to obtain debt relief. Truth be told, declaring bankruptcy may be one of the best decisions you’ve ever made for your present, future, and family.

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Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Debtor 52

Burr Forman

FEBRUARY 15, 2021

SlideBelts is an internet retail company and debtor in bankruptcy. SlideBelts and its president/CEO agreed to resolve the allegations in connection with the PPP loan by paying the government damages and penalties of $100,000. SlideBelts Inc. received a PPP loan under the CARES Act.

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Debt Free Colorado

MARCH 3, 2023

Find Out the 10 Common Questions About Bankruptcy with Colorado Bankruptcy Lawyers. The decision to file for bankruptcy is a significant one, and we are here to assist you in determining whether bankruptcy is the best course of action for your circumstances. Do bankruptcies come in different types?

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Sawin & Shea

JUNE 21, 2023

Filing for Chapter 13 bankruptcy can help you improve your financial situation. If the bankruptcy court has your Chapter 13 bankruptcy dismissed, you’ll need to refile or find another method for overcoming your debts, such as Chapter 7 bankruptcy. Bankruptcy dismissals have nothing to do with unloading debts.

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Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Debtor 52

Debt Free Colorado

JANUARY 20, 2024

Learn to Eliminate Medical Debts Through Bankruptcy Bankruptcy and medical debt relief have become buzzwords for those with financial problems due to unexpected health issues. It is crucial to understand the intricacies of bankruptcy and medical debt relief in Broomfield, CO, for a stable financial future.

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PBWT

AUGUST 13, 2020

On Friday August 7th, the NAACP filed a motion to intervene in the chapter 11 bankruptcy cases of Purdue Pharma L.P. and its affiliated debtors (collectively, “ Debtors ”). [1] However, the NAACP does not appear to rely on this strategy as frequently in the bankruptcy context under Bankruptcy Rule 2018.

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Bankruptcy Debtor Lawyers Government 65

Sawin & Shea

NOVEMBER 24, 2021

However, though bankruptcy can seem scary, it is an option and one that can genuinely help you get back on your feet. There are benefits when you file for bankruptcy that protect you. An automatic stay is a fundamental part of bankruptcy that protects debtors from creditor actions. What Does an Automatic Stay Do?

Bankruptcy 52

Bankruptcy Garnishment Repossession Foreclosure 52

Sawin & Shea

NOVEMBER 24, 2021

However, though bankruptcy can seem scary, it is an option and one that can genuinely help you get back on your feet. There are benefits when you file for bankruptcy that protect you. An automatic stay is a fundamental part of bankruptcy that protects debtors from creditor actions. What Does an Automatic Stay Do?

Bankruptcy 52

Bankruptcy Garnishment Repossession Foreclosure 52

PBWT

MARCH 28, 2023

21-908, a Supreme Court case concerning the scope of the fraud exception to the dischargeability of debts in bankruptcy. Section 523 of the Bankruptcy Code exempts from discharge “any debt. Bartenwerfer considers whether the fraud required by this section need be the debtor’s fraud or fraud known to the debtor.

Debtor 52

Debtor Bankruptcy Judgment Government 52

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. Certain Tax Debts.

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Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Student loans 52

Sawin & Shea

JULY 13, 2022

The majority of people in Indiana who have thought about declaring bankruptcy likely already know how challenging it is to get student loans erased. Although it is not impossible, debtors normally need to pass the Brunner test, which establishes that repaying the student loans will put them in an unreasonably difficult position.

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Student loans Student Loans Bankruptcy Chapter 7 bankruptcy 52

Sawin & Shea

APRIL 3, 2024

Filing for bankruptcy is a great financial option for those struggling with cumbersome debt. But you may be wondering, “What Is the Impact of Bankruptcy on Professional Licenses and Certifications?” How Will Filing Bankruptcy Impact My Professional License?

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Bankruptcy Chapter 13 bankruptcy Garnishment Student loans 52

PBWT

APRIL 6, 2021

It is well-settled that if you are a debtor in chapter 11, you do not have the unfettered right to convert the case to a chapter 7 liquidation. The debtor had married into a family that owned real estate assets in New Mexico, Colorado and Arizona and lived off income from two spendthrift trusts formed by his late wife. ” Id.

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