THIS IS AN ADVERTISEMENT

June 2014 - DelCotto Law Group

creditors, tips, bankruptcy

4 Creditor Tips for Chapter 7 Bankruptcy

June 26, 2014
|
0 Comments
|

When a debtor files for bankruptcy, it is extremely important for creditors to understand their rights and the effect of a bankruptcy filing.  If you are a creditor in a current Chapter 7 bankruptcy case, here are a few key tips:

1)      Abide by the Automatic Stay.   Once […]

Read more

Non-Dischargeability Issues on Assigned Debt

June 20, 2014
|
0 Comments
|

In a case issued on June 10, the Sixth Circuit Court of Appeals in In Re Pavdvierz discussed at some length concerns that arise when the creditor pursuing a nondischargeability  action is an “assignee” from the original creditor.  Sixth Circuit cases are binding on our local bankruptcy judges […]

Read more

Supreme Court: Inherited IRA’s Not Protected in Bankruptcy

June 16, 2014
|
1 Comment
|

In a unanimous decision, the Supreme Court in Clark, et ux v. Rameker, 573 U.S. __(June 12, 2014), resolved a split among federal appeals courts as to whether inherited IRA’s are shielded from creditors in bankruptcy.  Unlike traditional IRA’s, they are not.  The case […]

Read more

Tips for Preparing a Financial Statement for a Lender

June 13, 2014
|
0 Comments
|

 

Be truthful.     When filling out a financial statement for a lender, you must fully and accurately list all of your ownership interests in property and all of your debts.  If you provide a false financial statement to a lender and the lender extends credit to you based […]

Read more