Category: Uncategorized
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Collection of Debt
Thursday, March 22, 2012 Garnishment of Reverse Mortgages When garnishing the assets of a judgment debtor, it is not unusual for several parties to come forward and claim an interest in the assets that are the subject of the garnishment. When a bank account is the target of the garnishment, the bank itself will often…
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Originally posted on The Hedge : 4 Tips to Winning Your Midland Funding Lawsuit Midland Funding is a debt buyer that buys Arizona debts in huge volume. If you have been sued by Midland Funding your first thought was likely “Midland who?” After getting over the unsettling experience of being sued it is important you…
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A Nevada Strategy WARBUCKS
A Nevada Strategy WARBUCKS / RED, INC. Most people can benefit immensely by utilizing the Warbucks-Red, Inc. Strategy. The strategy is based on two very simply principles: 1.) The corporation is separate from its owner, and 2.) That true asset protection can only occur when the incentive to sue is removed. Let’s take a look…
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Web Resources
Legal California Codes & Statutes Federal Codes & Statutes Supreme Court of the United States Supreme Court of California Superior Court of California, San Diego County Superior Court of California, Imperial County Superior Court of California, Orange County United States District Court, Southern District of California United States Court of Appeals for the Ninth Circuit…
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Beware of the Second Trust Deed Ponzzi scheme
Of late I have had three clients who have contracted with companies who claim they can settle the second trust deed on the clients home for pennies on the dollar. They clients must pay the agreed amount up front and to the scamming company. As an example this client paid 40,000.00 to settle a 112,000.00.…
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California Chapter 11 Bankruptcy Law
California Chapter 11 Bankruptcy Law California businesses have a couple of options to deal with dire financial conditions, and filing for a Chapter 11 bankruptcy can be an attractive option. However, it can be a bit complex, and to be successful, the business should consult experienced legal counsel to prepare the necessary filings. Definition Chapter…
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How Creditors Get Paid Under a Chapter 11 Plan
Obviously, the debtor doesn’t have sufficient ready funds to pay all creditors at the time of filing. Instead, an approved plan relies on future business earnings and profits to address creditor debts. The debt claims are prioritized with taxes owed being paid first. Secured claims will come next and unsecured debts follow third with partial…
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Don’t Declare Bankruptcy Before You Need To
Today, many people are deciding to declare bankruptcy. With so many people being laid off, a lot of people are deciding to file for bankruptcy but you need to realize that it is not for everyone. There are other ways to pay off debt without going to such an extreme; indeed, an option that should…
abc Assignment for benefit of creditors 