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% ...

Debt collection is a legitimate business — when done legally. But too often, debt collectors choose to push the boundaries, especially when they assume the person on the other end of the line isn't ...

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 ...

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

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 ...

In a recent decision in In re Harvest Sherwood Food, the U.S. Bankruptcy Court for the Northern District of Texas addressed all of these issues, and held a litigation funder that advanced $35 million ...

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 ...