Sentence examples for debtor funds from inspiring English sources

Such decisions include unanimous opinions like Young v. United States, in which the Court held that equitable tolling applies to the three-year lookback period for the non-dischargeability of taxes, and Citizens Bank v. Strumpf, in which the Court concluded that banks do not violate the automatic stay when they place a temporary hold on debtor funds in order to assess the possibility of set-off.

Servicing debt with interest and principal payments saps debtors of funds that could have been spent on goods and services, Hunt said.

The law bars a debtor from transferring funds in a way that protects one class of creditors over another.

Incomplete mergers can make it more difficult for an already cash-strapped debtor to obtain the funding it needs for its bankruptcy process an issue that has played out in recent months in the Chapter 11 cases of Energy XXI and Molycorp.

The article describes training scripts that suggest that debtors use 401(k) funds, home loans and credit cards to pay off their overdue taxes.

With no collateral, it's hard to get debtor-in-possession funding, so we could see more sales".

Clearlake and Wells Fargo are providing $37.5 million of "debtor-in-possession" funding during the period before any sale, which THQ are hoping can be concluded in 30 days.

The Second Circuit should decline to find that offshore feeder funds between the debtor (Madoff fund) and the ultimate foreign beneficiaries render the transfers beyond the reach of the Bankruptcy Code.

After winning, creditors can secure a court order to seize part of the debtor's paycheck or the funds in a bank account, a procedure called garnishment.

If he is right, the euro zone, officially a big net debtor, becomes a net creditor.Dodgy funds from poor countries, too, are attracted by the secrecy offered by some jurisdictions.

Bankers who originate problem loans keep advancing more funds to the debtors, to protect their earlier decisions.