Debtor Loans Unsecured Creditor 
PBWT
MARCH 7, 2021
It is well known in the restructuring world that a debtor in bankruptcy can’t get a PPP loan. But what if you’re a debtor and decide a PPP loan could save your business? Will a court dismiss the case so you can seek a loan? The debtor’s motion to dismiss drew creditor opposition.
Debt Free Colorado
JANUARY 27, 2022
Another aspect is the increased accessibility of credit loans, which makes it simpler for Americans to end up spending more than they can afford. In Chapter 7 bankruptcy proceedings, the phrase “non-exempt property” refers to a debtor’s estate property that does not qualify for a statutory exemption.
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Fraser
JUNE 25, 2020
The petition date is the date on which a debtor files a chapter 11 bankruptcy proceeding. The debtor is required to serve all known creditors with notice of the commencement of the chapter 11 case. Such relief may include a request to pay some unsecured creditors (such as employees or “critical vendors”) ahead of others.
ABI
JANUARY 13, 2022
American Bankruptcy Institute Law Review Staff. . In In re Marlena Joy Pizzo , the United States Bankruptcy Court for the District of South Carolina held that a debtor may voluntarily contribute to her retirement plan while paying creditors under a bankruptcy plan. [1] 6] The court referred to 11 U.S.C. 1325(b)(1)(B)). [8]
UK debt collections
NOVEMBER 16, 2021
Administrators for a failed Private School in Derbyshire have revealed that they were owed £51,536 by debtors for unpaid school fees at the time of closure. The church run Ockbrook School owed creditors more than £2 million pounds when it was forced to closes its doors due to financial issues this summer. in the bank.
PBWT
JANUARY 30, 2023
The concept of “property of the estate” is important in bankruptcy because it determines what property can be used or distributed for the benefit of the debtor’s creditors. The Debtors filed for bankruptcy in July 2022, at which point there were approximately 60,000 such Earn Accounts. See 11 U.S.C. §
Sawin & Shea
APRIL 24, 2024
Before someone makes a bankruptcy filing, it is not uncommon for debtors to feel as if they have to make some tough decisions. Which creditors can they pay? This typically occurs because the debtor doesn’t have the money to pay all of their creditors, so they feel they need to rank which ones are more important to pay first.
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