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Asset-Driven Approaches in NPL Management & Collections Tech

Qualco

This approach involves taking proactive measures, even when the credit is still in good standing, and the creditor has not yet taken possession of the collateral. This categorisation is pivotal in effectively monitoring the collateral portfolio and ensuring consistent practices when performing valuation calculations.

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Intercompany Loan: What Happens If The Borrowing Company Becomes Insolvent?

Hudson Weir

Intercompany loans can have varied terms – including the amount borrowed, repayment schedule, collateral requirements, and so on. In which case, a Creditors’ Voluntary Liquidation (CVL) is preferable to a compulsory one. Once passed, the liquidator distributes company assets to creditors, fulfilling debts wherever possible.

Loans 52
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Integrating Judicial and Extrajudicial Strategies in Portfolio Management

Qualco

Managing loan portfolios becomes a labyrinth for financial institutions in a financial ecosystem marked by unrelenting complexity and constant change. Consequently, financial institutions operate within an economy marked by contraction and sustained inflationary pressures.

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Five Burr Attorneys Named to Lawdragon’s 2022 “500 Leading Bankruptcy & Restructuring Lawyers” List

Burr Forman

In addition, he serves as the Atlanta Office Managing Partner while practicing in the firm’s Creditors’ Rights and Bankruptcy and Lending Practice Groups. Hall was named in the Bankruptcy & Creditors’ Rights, including Litigation specialty. Golden was named in the Bankruptcy & Commercial Litigation specialty.

Lawyers 52
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UCC Filings for Your Business – Everything you Need to Know

Debt RR

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. For example, if a business is leasing equipment, the collateral for that particular UCC filing is the equipment that is being leased.

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What Happens After a Personal Loan Bankruptcy Discharge?

Sawin & Shea

Unsecured loans don’t have collateral. When seeking a new personal loan after bankruptcy, use legitimate lenders, such as major financial institutions, credit unions, or through Credit Karma. Before choosing your first personal loan, you need to understand the difference between secured and unsecured loans.

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An In-Depth Guide to Bank Account Garnishment in Texas and How to Avoid It

Debt RR

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.