Bankruptcy

By almost any measure, the FDIC has been successful in maintaining public confidence in the banking system. Prior to the establishment of the FDIC, large-scale cash demands of fearful depositors were often the fatal blow to banks that otherwise might have survived.

This means there was not enough evidence to convict the defendant. The case is dropped.

The ownership of your beneficial interest is automatically transferred to the Official Receiver dealing with your bankruptcy. If they believe the amount is enough to clear a large amount of your debt they may demand that the property is sold. They have three years to decide what to do with…

The loan reinstatement process allows you to restore your loan. With that, you will resume making regular mortgage payments. Importantly, you would keep your home and remove the threat of foreclosure, assuming that you can now keep up with your mortgage payment.

The GlassGlassCarter Glass (January 4, 1858 – May 28, 1946) was an American newspaper publisher and Democratic politician from Lynchburg, Virginia. He represented Virginia in both houses of Congress and served as the United States Secretary of the Treasury under President Woodrow Wilson.

You can apply to rent a home from a private landlord during or after bankruptcy. However before accepting you as a tenant, the landlord might check the Insolvency Register or credit file. This could mean you find it hard to rent a home, or you could be asked for a…

Lesson Summary. A trust account is a financial account set up to hold funds for the benefit of another, known as a beneficiary. Real estate brokers are required by state law to maintain these accounts to keep client funds separate from the business and personal funds of the broker and…

The two distinctive negotiation types are distributive negotiations and integrative negotiations. The Negotiation Experts’ sales course and purchasing negotiation training teach both methods. Both types are essential to negotiating successfully in business.

1 A grant in solemn form is made where a will is the subject of an action in which persons interested under another will or on intestacy are. made parties, because there are doubts about the validity of the will.

Primary tabs. A general appearance is made when a party first comes into court and appears in the case. The party may come for any reason that recognizes the authority of the court.

Contracts that are required to be in writing by the statute of frauds include: contracts for mortgage or lease of land and buildings. Agreements for a sale in which the total price is $500 or more are required by the UCC, to be recorded in a written contract.

As a result, filing bankruptcy can have a severely negative impact on your credit score. A Chapter 7 bankruptcy will remain on your credit reports and affect your credit scores for 10 years from the filing date; a Chapter 13 bankruptcy will affect your credit reports and scores for seven…

HOA Liens Defined There are several types of liens, one of which is an HOA lien. An HOA lien essentially happens as a result of a homeowner’s failure to pay dues. State laws usually dictate certain due-process requirements on how and when an HOA can foreclose on an assessment lien.

Unliquidated debt is that in which the total amount owed is unknown. This can arise in cases where debt amounts are in dispute or when they’re contingent on an event, such as a court case settlement.

—The bailment of goods as security for payment of a debt or performance of a promise is called ‘pledge’. The bailor is in this case called the ‘pawnor’. The bailee is called ‘pawnee’. —The bailment of goods as security for payment of a debt or performance of a promise is…

three yearsthree years. This means that creditors and debt collectors only have three years from the date of the last activity on an account to sue someone for a debt.

An FHA modification may lower your monthly mortgage payment. You may be eligible1 if: Your first mortgage is an FHA-insured home loan. You own the home and it’s your primary residence. Can an FHA loan be changed to conventional? Can you refinance an FHA loan to a conventional loan? Yes,…