Bancarrota

Financial distress The Companies Act defines “financially distressed”, to mean that it appears to be: i. reasonably unlikely that the company will be able to pay all of its debts as they fall due and. payable within the immediately ensuing six months, or. ii. Como se sabe se uma empresa…

The gap mortgage is an interim document that secures the new money lent to the borrower in a CEMA financing, and counsel for borrower and lender typically focus primarily on negotiating the terms of the consolidated mortgage. O que significa a lacuna nos empréstimos? A diferença é a distância entre…

This simply is not the case. A power of attorney is no longer valid after death. The only person permitted to act on behalf of an estate following a death is the personal representative or executor appointed by the court. Assets need to be protected. Qual é a primeira coisa…

O que é um exemplo de modificação de um empréstimo? As formas típicas em que um empréstimo é modificado incluem: (1) alterações da taxa de juro, tais como uma redução da taxa de juro ou uma alteração de uma taxa flutuante para uma taxa fixa, (2) uma extensão do prazo…

The opening statement at the beginning of the trial is limited to outlining facts. This is each party’s opportunity to set the basic scene for the jurors, introduce them to the core dispute(s) in the case, and provide a general road map of how the trial is expected to unfold.…

Involuntary administration. Involuntary administration occurs when it is not the company that decides to go into administration, but the creditors. This usually happens after a company has failed to repay its debts. O que se entende por administração voluntária? O que é a administração voluntária? Um processo de insolvência em…

around four yearsaround four years. Uma escritura de confiança expira na Califórnia? O Código Civil da Califórnia §882.020 prevê que um DOT tem um estatuto de limitações de 60 anos após o registo do DOT se o DOT não incluir uma cópia de uma nota promissória subjacente nem indicar a…

A constructive trust is created to remedy (or make up for) a situation where there is “unjust enrichment.” If someone has possession of property (money, real estate, or other assets) that they should not have because they obtained it unfairly through fraud or breach of a fiduciary duty, this is…

Momentary footswitches only stay on when your foot remains pressed on the pedal. They’re best used for short-term sound effects like controlling a keyboard or synthesizer sustain and patch advance, drum machine or sequencer start and stop, and more. Qual é a diferença entre um pedal de travamento e um…

If a judgment is entered against you, a debt collector will have stronger tools, like garnishment, to collect the debt. The CFPB’s Debt Collection Rule clarifying certain provisions of the Fair Debt Collection Practices Act (FDCPA) became effective on November 30, 2021. Como é que se contorna um Julgamento? Existem…

In general, a Z-score below 1.8 suggests a company might be headed for bankruptcy, while a score closer to 3 suggests a company is in solid financial positioning. O que é um bom valor Z-score? De acordo com a Calculadora de Percentil a Z-Score, o z-score que corresponde ao percentil…

Qual é o objectivo de uma sociedade gestora de participações sociais bancária? Uma sociedade holding bancária é uma empresa que detém uma participação de controlo num ou mais bancos, mas que não oferece ela própria serviços bancários. As sociedades holding não gerem as operações diárias dos bancos que possuem. No…

Third party litigation funding (TPLF) is a multibillion-euro global industry that allows hedge funds and other financiers to invest in lawsuits in exchange for a cut of any settlement or award. The industry operates in the shadows, meaning that no one knows who has invested in a lawsuit. O que…

Rescission is when a contract is rendered null and void, and so is no longer recognized as legally binding. The courts can free non-liable parties from their agreed obligations and, when possible, will effectively seek to restore them to the position they were in before the contract was signed. O…

Special appearance is a tool defendants can use to challenge a court’s jurisdiction over them. If a court does not have personal jurisdiction or there are other errors like for service of process, many states allow defendants to challenge the lawsuit without submitting to a court’s jurisdiction. Como posso obter…

The term remoteness refers to the legal test of causation which is used when determining the types of loss caused by a breach of contract or duty which may be compensated by a damages award. Qual é o significado do afastamento dos danos? O que significa o Remoteness? Se o…

When must a escrow account be interest bearing? 1. By default, all escrow accounts are interest bearing. É oferecido interesse em conta caução? A conta Escrow deve ser sem juros. 5. Não serão permitidas facilidades com base em fundos ou sem fundo contra os saldos da conta Escrow. Quem fica…

A Lien Release is a form that removes a lien on a property once the property owner pays the lienor in full. The lienor is the person who placed the lien against the property. A lien is a protective legal document that establishes the lienor’s claim to another party’s assets…

TRID is actually a combination and condensed version of two such regulations: the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA). Qual é a relação entre a TILA-RESPA e o questionário Trid? Qual é a relação entre TILA, RESPA, e TRID? A Lei Dodd-Frank exige…

Despite its technical-sounding name, the subordination agreement has one simple purpose. It assigns your new mortgage to first lien position, making it possible to refinance with a home equity loan or line of credit. Signing your agreement is a positive step forward in your refinancing journey. O que é que…