took his stick again, and bowing his head left the court.
Micawber should apply for his release under the Insolvent Debtors
Act, which would set him free, she expected, in about six weeks.
It is a question to which the creditors are parties on one side and the debtors
on the other.
The circuit court disagreed, finding that Debtors
held a fixed property interest in their 2015 tax refunds as of midnight of December 31, 2015, and that a tax refund is an intangible under the control of the debtor
because the debtor
makes the ultimate decision whether to file a tax return.
As a result, PACA trust claimants have a much greater chance of obtaining full payment of their claims than if they relied on their lower priority general unsecured claims and even their higher priority administrative priority claims under Bankruptcy Code section 503(b)(9) for goods sold to and received by a debtor
within 20 days of a bankruptcy filing.
Once a successful entrepreneur, Debtor
Dan has recently fallen on hard times after the promising investors on Shark Tank refused to invest in his business, Wonderful Widgets.
Section 365 of the Bankruptcy Code governs executory contracts and provides the debtor
with the option of either (i) "assuming" the contract, which requires the debtor
's payment of any arrearages as a precondition to assumption, or (ii) "rejecting" the contract, which results in an unsecured claim for the trade creditor.
A Chapter 13 bankruptcy debtor
) filed an adversary proceeding seeking a declaration that a creditor's second mortgage lien on his residence was void.
317) This is so whether the debtor
equity is valuable or not.
If the debtor
has debts on taxes and other obligatory payments the state tax and customs service bodies make records without the debtor
The bankruptcy can be voluntary, where the petition is filed by the debtor
, or involuntary, where creditors file a petition with the court.
A An IVA is a formal legally-binding agreement between a debtor
and her/his creditors, usually non-priority creditors, to repay debts in part or in full, over a fixed period of time.
He added: "Imprisoning the debtor
could also have a knock-on effect on other innocent people.
BUSINESS circumstance can change quickly and once judgement has been obtained you would hope that your debtor
Upon signing the payment agreement, National Union could have had no illusions that VP Debtors
, as an operating debtor
-in-possession, had a short life expectancy; and should have known that workers' comp claims would extend well beyond the life span of VP Debtors