Plans that are not ERISA-qualified do not offer the same level of protection when it comes to creditors, bankruptcy and lawsuits. Common types of non-ERISA retirement accounts includeindividual retirement accounts (IRAs)without substantial employer involvement, such as the traditional and Roth IRA. ...
The latest FTX hearing comes just days after U.S. Bankruptcy Judge John Dorsey was ordered to approve the appointment of independent examiner Robert J. Cleary to investigate law firm Sullivan and Cromwell’s potential conflicts of interest in relation to the crypto exchange.Dorsey’s original Febru...
By that time, Pluralsight had borrowed $162.5 million from Vista's private equity fund through a "subscription line facility," a loan typically used as a bridge until money from fund investors for new investments comes in, the document shows. Vista had already marked...
A secured creditor may also simultaneously pursue its remedies under the SARFAESI Act as well as the DRT. For the application of the SARFAESI Act, the account of the borrower must be classified as Non-Performing Asset by the secured creditor and must have an outstanding balance ofINR 100,000o...
When a bank levy hits a big account, most judgment creditors go nuts during that20 day period when the Court Clerk holds garnished funds(per Tenn. Code Ann. § 26-2-407) before disbursement. Once the funds are paid out,though, I tell my clients to keep their fingers crossed fora bit...
The firm is now committed to issuing new bonds totalling $5 billion. The deal comes as other Chinese property giants including Evergrande and Country Garden struggle for survival. Country Garden—a private developer long considered financially sound before buckling under major debt —faces a hear...
Evergrande’s offshore bondholders could wind up last in line when it comes to getting paid in a restructuring. Distressed-debt veteran Michel Lowy said in a Bloomberg Television interview Friday that unfinished properties, unpaid contractors, homebuyers and the onshore creditors will all be pri...
companies need to take a hard look at their policies and ensure that they differentiate between direct disputes received from the consumer and indirect disputes received from a credit bureau and ensure that the investigation techniques differ depending on which of those avenues the dispute comes in....