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RMAI Update August 2024

RMAi Blog

Seventh Circuit Rejects Consumer’s FCRA and FDCPA Claims Arising from Post-Bankruptcy Collection and Reporting Freeman v. The consumer filed for bankruptcy and eventually cured her pre-petition mortgage default through her bankruptcy plan payments. LLC Lateral Technology Law Office of James R. 23-2512, 2024 U.S.

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Derogatory Public Record or Collection Filed? Here’s What It Means For Your Business

tillful

A derogatory mark on a credit report refers to a negative item such as a late payment, a loan default, a repossession, or a foreclosure. According to Dun & Bradstreet , they can include liens, judgments, bankruptcies, UCC filings, and business registrations. Bankruptcy filings : Five years. Trade data : 60 months.

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Navigating The Debt Collection Landscape In Indonesia

MNS Credit Management Group

If a debtor does not pay his lawful debt, then he is construed as defaulting or being negligent in fulfilling his lawful obligations. It also states clearly that any debt collection has to follow regulation number 23/6/PBI/2021 and Article 191 para (1) in accordance with bank of Indonesia regulations and applicable laws.

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What the Corporate Veil Is and How to Prevent Piercing It

tillful

Continuing with the above bankruptcy example, if the veil is pierced, then an owner’s personal assets could be seized to cover the business’s outstanding debts. Beyond bankruptcy, liability can come into play when corporations are sued or when they default on debts.

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Selling a Business to a Competitor: 12 Business Experts Share Their Advice

Fundera

Charles Vethan, CEO of Vethan Law Firm. This counter-party risk has two components: default risk, where the buyer simply chooses not to perform as agreed in the buyout agreement, and credit risk or bankruptcy risk, where the buyer is unable to perform due to insolvency or bankruptcy.”. Know Who You’re Working With.

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12 Business Experts’ Advice on Selling Your Business to a Competitor

Fundera

Charles Vethan, CEO of Vethan Law Firm. This counter-party risk has two components: default risk, where the buyer simply chooses not to perform as agreed in the buyout agreement, and credit risk or bankruptcy risk, where the buyer is unable to perform due to insolvency or bankruptcy.”. Know Who You’re Working With.