Sentences with phrase «creditor claims against the estate»

Not exact matches

Creditors only have a set period of time to make a claim against an estate.

It may seem tempting to declare bankruptcy to avoid the long arm of the FRO; however, your support arrears merely become a claim that is made against your estate, with the FRO dealing directly with the bankruptcy trustee like any other creditor.

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.

Creditors, for example, get 6 months in which to make their claims against the estate and the executor has 3 months to make a decision to dispute a claim.

Also worth noting that distributions to heirs at law, which is the formal name for people who take via intestacy statutes, are often inferior, at least in part, to the claims of creditors against your probate estate, although sometimes a family provision or «exempt property» or a joint tenancy or beneficiary designation, will have priority over a creditor's claims.

Publication makes certain all unknown creditors have an opportunity to present their claims against the estate.

Once notified, all creditors have the chance to inform you of their claim against assets in the estate.

You are the executor, personal representative or attorney for a deceased's estate and are required to notify all potential creditors of their opportunity to present a claim against the estate.

He has acted in a wide range of matters including for example commercial / construction disputes, expropriation of real estate (against TransLink and others), professional negligence claims, debtor / creditor matters, shareholder disputes, insurance matters (including product liability), and lessor / lessee disputes (real estate and vehicles — including Personal Property Security Act and Bankruptcy and Insolvency Act matters), among others.

In addition to his real estate practice, he also has significant experience representing lenders in contractual claims against borrowers and guarantors in courts throughout Michigan, as well as representing judgment creditors in post-judgment collection actions.

They will collect all the claims against your estate and use any assets to pay your creditors.

Such a partnership is frequently used to minimize estate tax and to protect against creditor claims.