Tag Archives: creditor

How Creditors Get Paid Under a Chapter 11 Plan

Obviously, the debtor doesn’t have sufficient ready funds to pay all creditors at the time of filing. Instead, an approved plan relies on future business earnings and profits to address creditor debts. The debt claims are prioritized with taxes owed … Continue reading

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Creditor laws and the fair debt collection practices act fdcpa

Creditor Laws While creditors must follow specific laws when it comes to collecting on debts, creditors often resort to unscrupulous collection practices which violate the Fair Debt Collection Act and risk being fined, or sued, depending upon the severity of … Continue reading

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