A debtor is a company or individual who owes money to a lender. Debtors are also often referred to as borrowers. Read about the laws that protect them.

Explore the benefits and challenges of debtor in possession (DIP) status, a key phase in the bankruptcy process, allowing ...

The U.S. Bankruptcy Code provides that if a debtor makes an intentional fraudulent transfer within one year of the filing of bankruptcy petition, the debtor will be denied a discharge. Since the ...

Collecting against an insolvent debtor (i.e., defendant) creates issues and places pressure on the creditor (i.e., plaintiff) to secure the debtor’s assets while final judgment in a lawsuit is pending ...

I don’t have money to give. Just go back.” At 2 p.m. on the 19th of last month, Park, 49 years old, who lives in an apartment ...

CommentaryAttorney Analysis from Westlaw Today, a part of Thomson Reuters. October 11, 2023 - In In re The Hacienda Company, LLC, No. 2:22-bk-15163, the U.S. Bankruptcy Court for the Central District ...

In a recent decision in In re Taing, the U.S. Bankruptcy Court for the District of Massachusetts held that a mortgagee holds a claim that could be modified by a Chapter 11 plan even if the debtor was ...

Tenancy by the entireties (known as TBE) is a form of property where husband and wife own property jointly, but on the death of one the entire interest automatically passes to the other (called the ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Texas law prohibits a debtor who is subject to a valid judgment from moving assets out of reach of creditors in order to hinder, delay, or defraud a judgment creditor. This legal restriction applies ...

Without memory, there is no debt. Put another way: Without story, there is no debt. The story of debt reached a historic moment this week. An outsized bubble of interlocking debt burst, leading to the ...