Sentences with phrase «before other creditors»

As Cromwell J says, whether it was ethical for the lawyer to let it happen, or to turn a blind eye to what was going on, was a different question from whether the law or equity imposed a duty on him to compensate her before his other creditors.

(Note: pay the IRS before any other creditors.)

For example, you can pay things like taxes or child support before other creditors since they generally are the highest priority creditors.

Since the IRS has claim before any other creditor this makes it nearly impossible to borrow future money.

Once the lien is filed all of your creditors will be notified and the IRS will have claim to your property before any other creditor.

Not exact matches

Investors holding floating - rate loans are considered preferred creditors relative to the issuer's other obligations: If the issuer defaults, loanholders will be paid before other investors, including bondholders.

And if you can't, talk to your creditor about setting up a payment plan or reviewing other repayment options they have before you go delinquent.

Some maritime liens and other claims give the relevant creditor a «secured» claim, one that is paid out first before the ordinary creditors.

Before you get to the point where you are facing repossession, contact your creditor and discuss other options.

Other creditors want to know that you'll honor your debts before they extend credit to you.

If your creditor report your balance to the bureau before your monthly payment, the higher balance is what the bureau is going to see — in other words, your credit report.

Your family distributes any of your assets during probate - If your family gave out antiques, family heirlooms or any other items of value before your debts have been settled, creditors can try to get them added back to your estate.

In other words, if the firm went out of business, all other creditors would be paid before the lender on the subordination agreement.

Perhaps you were worried about keeping your car and chose to pay it off before filing without making payments to your other creditors.

Before you agree to act as a cosigner on anyone's creditor accounts, discuss the expectations you have with the other person and seriously contemplate the possibilities of your involvement in someone else's account.

If the issuer has enough cash for paying off its creditors, rather than selling the underlying assets, the company uses the cash for paying the first mortgage bondholders before others.

If you or the designated beneficiary is not a New Hampshire, Massachusetts, Delaware, or Arizona, resident, you may want to consider, before investing, whether your state or the designated beneficiary's home state offers its residents a plan with alternate state tax advantages or other state benefits such as financial aid, scholarship funds and protection from creditors.

If you pay child support or taxes before paying other creditors, that's okay.

You should read the Investor Handbook carefully before investing and consider whether your, or the beneficiary's, home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in its qualified tuition program.

Creditors, landlords, employers and other interested parties can pull your credit reports to learn more about you before taking actions like opening a new account, renting you an apartment or hiring you.

Exhaust all other repayment measures before speaking with your creditors about debt settlement.

Priority debts are more important than the other debts you have and you need to contact your creditor and come to an arrangement before you can work out how much money you have left to deal with your non-priority creditors.

A debtor can not file under chapter 12 (or any other chapter) if during the preceding 180 days a prior bankruptcy petition was dismissed due to the debtor's willful failure to appear before the court or comply with orders of the court or was voluntarily dismissed after creditors sought relief from the bankruptcy court to recover property upon which they hold liens.

Secured creditors (among others, including Uncle Sam) are ahead of you, and the kinds of shenanigans people use to get themselves secured - creditor status before and during bankruptcy would turn your hair white if you understood them.

Some of the common things consumers do before they consider bankruptcy include: • Cash out their retirement funds to pay debt • Pay a debt settlement company to settle their debts • Settle their debt by dealing directly with the creditor or its attorney In some cases, these bankruptcy alternatives can be just what the doctor ordered, however in others they can put you in deeper trouble without meaningful debt relief.

If you or the designated beneficiary is not a Delaware resident, you may want to consider, before investing, whether your state or the beneficiary's home state offers its residents a plan with alternate state tax advantages or other state benefits such as financial aid, scholarship funds and protection from creditors.

The change is that companies offering debt relief services over the phone can not collect advance fees from you before settling or reducing your debt, before having an agreement for debt management or other services in place, or until you've made at least one payment to a creditor as a result of a plan negotiated by the debt relief provider.

If your account is one on which no finance or other charge is added before a certain due date, then creditors must mail their statements at least 14 days before payment is due.

Some creditors will never ask for this information, others will ask for it before any debt reduction negotiation begins and others will ask for it depending upon the status of the debt reduction negotiation.

In this case, you could lose all or part of your capital because other creditors of the scheme will be repaid before you.

Jane will have to wait until the senior bondholders and other creditors have been repaid before she gets any of her original investment back.

Section 310 (a)(1)(viii), as amended, will ensure that before consumers sign any contracts with or make any payments to a debt relief company, they will be informed of pertinent material facts including, among other things: (i) how long it will take to settle each debt; (ii) the cost to settle each debt; (iii) that the service will not stop harassing creditor calls or other collection efforts; (iv) that results are not guaranteed, and (v) that the settlement program may adversely impact the consumer's credit rating.

If you sign a contract, get a copy of the signed papers before you leave the dealer or other creditor.

Priority debts are the types of debts that Congress has determined should be paid first before any other type of creditor is paid.

If the issuer becomes insolvent (that is, can't pay its debts), you may get some of your money back after secured creditors (like the issuer's bank) are paid but before other unsecured creditors are paid.

You may get some of your money back after secured creditors are paid, but before other unsecured creditors are paid.

Before lending money, banks and other creditors look to a consumer's credit history — basically a record of whether or not you've paid your bills — to make sure the borrower is likely to repay them.

Besides for federal student loan debt, with all other unsecured debt, a creditor must first take you to court and win a default judgement — before they can garnish your wages.

Before any debts of the estate are paid, the executor or administrator should see to the publication of the proper advertisement for creditors, claims and other claims against the estate.

If the debtor does not pay the amount of a Small Claims Court judgment and does not work out a payment plan, a creditor must wait 30 days from the date of the judgment before using other legal means to collect.

any other thing done (or not done) by the creditor before or after the making of the agreement or related agreement.

Recent cases include: Axiom Litigation Financing Fund (acting for the «receiver / liquidator» of a Caymans Islands fund: # 110m dispute); Frauntled Management Limited v Featherwood ($ 13m investment dispute before the BVI Court of Appeal); BBX Capital Asset Management v Royal Bank of Canada & Ors ($ 30m Cayman dispute relating to transaction to defraud creditors / sham trusts); Trinity Management Group Ltd v Burke Consolidated Ltd (s. 184I / s.175 BVI dispute); Maruti Holdings PTE Limited v Sinclair Strategies Limited (BVI jurisdictional challenge); QVT Fund & Ors v China Zenix Auto International Limited (s. 184I and s184C BVI dispute: interim injunction) In addition, the international nature of commercial fraud often results in Paul advising in relation to proceedings before off - shore courts such as in VTB v Nutritek (advised on interim relief in Cayman Islands and maintenance of BVI injunction in light of UK Supreme Court decisions) and in other off - shore jurisdictions such as Jersey, Guernsey and Nevis.

However, because there is still some ambiguity in the law on this point, the estate trustee should reach out to the estate's unsecured creditors to let them know (a) that the estate does not have enough money to pay all debts in full and (b) that the estate trustee is planning to pay the estate taxes before paying the other debts.

An extensive review of the sales records, reconciling them to purchases and stock, analysing work in progress and long term contracts, modelling customer purchasing patterns, and an analytical review of debtors and creditors, showed that the directors had fraudulently inflated sales by recording sales before goods despatched, hid increases in debtors in fixed assets and other balance sheet items, and had double counted invoices and proformas relating to the same sales.

[10] This Court has no jurisdiction to suspend the precedential value of Grant Thornton Ltd. v. Alberta Energy Regulator and introduce another legal regime — the one in place before Chief Justice Wittmann released his judgment — for the governance of other bankrupts, receivers and trustees in bankruptcy and secured creditors for a period commencing with the date of pronouncement of any stay order and ending with the date the Supreme Court of Canada either resolves an appeal against this Court's judgment or dismisses the applicants» leave - to - appeal application.

This rule applies where, before the company goes into liquidation there have been mutual credits, mutual debts or other mutual dealings between the company and any other creditor of the company proving or claiming to prove for a debt in the liquidation.

Rule 60.18 allows a creditor to examine a debtor, among other things, about the reason for nonpayment, the disposal of a debtor's property before or after the making of the order, or any other matter pertinent to the enforcement of a judgment.

For those assets and debts you are going to transfer to the other person or change from joint to individual, amend the account and title before the divorce is final, that way you aren't relying on your ex-spouse to make payments on a debt that is still classified by the creditors as joint.

When your records are no longer needed for tax purposes, the IRS recommends checking with insurance companies or creditors before discarding paperwork in case others require you to keep records longer than the IRS does.

The Bureau expects creditors will conduct due diligence, and coordinate with settlement agents and other parties as necessary, to obtain information about the terms of the consumer's transaction so that the consumer receives a reliable Closing Disclosure three business days before consummation.