Discover what makes a debtor nation. Learn how they function, their global financial role, and why the U.S. is a leading debtor nation. Ideal for understanding global economics.

While Chapter 11 does not require debtor insolvency, it does require good faith (applicable to the petition and the plan), ...

A bank levy involves taxing UK banks for economic risks and enabling creditors to freeze accounts to reclaim debts, balancing ...

The term “small business debtor” originated in 1994 with Congress’s first attempt at a streamlined chapter 11 process for businesses that had insufficient assets to fund a typical bankruptcy ...

There are two questions that estate planners commonly ask when they have a client in financial distress: (1) If the Debtor has a history of tithing or making other charitable contributions, can the ...

Although the Bankruptcy Act provides some benefits to the stakeholders, the Act suffers from several loopholes. For example, the Act failed to address corporate body and cross-border bankruptcy issues ...

A debtor or borrower is a person or organization that borrows money from a financial institution, usually tied to a loan or credit card. The Fair Debt Collection Practices Act protects debtors from ...

In this modern world that we live in, consumers are protected and have certain rights when it comes to debt collection. The practices of debt collection agencies have to abide by rules through the ...

Bankruptcy Code Section 329(a) mandates the disclosure of an attorney’s transactions with a debtor. Federal Rule of Bankruptcy Procedure 2016(b) implements the attorney disclosure requirements ...

A beer wholesaler in Washington state, Crown LLC was owned 51% by a company called Crown Distributing Company of Everett, Inc. ("Crown of Everett") that itself was owned by Debtor. The other 49% was ...