When individual debtor Larry Addington filed for bankruptcy, he owned a 36% membership interest in a limited liability company called Ultra Energy Resources, LLC (Ultra). In turn, Ultra owned a 100% ...
A bank levy involves taxing UK banks for economic risks and enabling creditors to freeze accounts to reclaim debts, balancing ...
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Alert: SSA can garnish your tax refund or OPM pension if you have an outstanding overpayment
The Social Security Administration (SSA) utilizes the Treasury Offset Program (TOP) to collect delinquent debts. TOP, managed by the Department of the Treasury, allows the government to offset federal ...
Vendors, landlords, and other creditors often feel a sense of security when doing business with Chapter 11 debtors. The Bankruptcy Code, and even court orders entered at the outset of a bankruptcy ...
We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. And while debt collectors do have a lot of power in that situation, they ...
The power of a bankruptcy trustee or chapter 11 debtor-in-possession ("DIP") to avoid pre-bankruptcy preferential transfers is an important tool designed to promote the bankruptcy policy of equality ...
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