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4 days ago · Firstly, the court determined that it was in a position to grant an order for spousal support despite a term in the consent order that dismissed the parties’ claims for prospective and retroactive spousal support. The court relied on the reasoning of the British Columbia Court of Appeal case Sandy v. Sandy, 2018 BCCA 182, to find that claims ...
5 days ago · A Debtor's Failure to Properly Schedule a Debt in an 'Asset Case' Renders That Debt Nondischargeable. In a recent published decision, the U.S. Court of Appeals for the Ninth Circuit...
2 days ago · The position paper on The Adverse Effects of the Debt Advisory Marketplace on the Insolvency System also reminds LIT s of their obligations to investigate the debtors’ finances and report information to creditors. Creditors should carefully consider the information on form 65 and form 48. Form 65—Monthly Income and Expense Statement.
1 day ago · Debtors and Creditors. The giant federal debt we’ve been talking about isn’t just borrowed money. It is also lent money. Loans are two-party transactions. One side receives temporary use of cash which it agrees to repay with interest. The other gives up the current use of that cash in exchange for receiving interest.
3 days ago · Rader trained Recover Debt's employees to falsely accuse the debtors of being criminals and to threaten them with arrest and prosecution. The employees contacted the debtors' family members and used "saturation phoning"—phoning a debtor numerous times in a short period.
4 days ago · A debtor is an individual or entity that owes money to a creditor. The concept can apply to individual transactions, so that someone could be a debtor in regard to a specific supplier invoice, while being a creditor in relation to its own billings to customers.
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3 days ago · In a bankruptcy action, a fraudulent conveyance that a trustee may set aside includes a transfer of property of the debtor. that renders the debtor insolvent and is a transfer for less than reasonably equivalent value. One element in a bankruptcy case of an avoidable preference is that.
