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4 February 2016 | 10 replies
Bankruptcy is nothing more than a process whereby a debtor's assets are sold and the proceeds distributed to his/her creditors (assuming it is a liquidation vs. a reorganization).
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1 November 2019 | 21 replies
@Emily Di It looks like your problem is just a matter of consolidating and re-organizing your chart of accounts. as Michael mentioned, if you are using Plus version then you will need the Class feature (it needs to be activated in the settings) and create class for each property.
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23 October 2019 | 8 replies
They wouldn't process any funds in my district, instead the funds would be either paid directly to the lien holders in accordance with a Court Order approving a sale, or the liens would be transferred to proceeds pursuant to a Court Order and paid to the DIP (Debtor-in-Possession or seller) and paid out in accordance with a future Plan of Reorganization.
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24 November 2019 | 21 replies
I definitely will reorganize and reprioritize my budget to make it happen.
18 January 2019 | 4 replies
I just don't want to go back later and have to reorganize things.
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8 January 2020 | 11 replies
The beneficiaries will not have anything to inherit and there is no need to file for bankruptcy for the estate.However, if the beneficiaries want to save a particular piece of property from foreclosure and the property is underwater, the beneficiaries would have standing to file for bankruptcy in his or her individual capacity if they are otherwise eligible to file for Chapter 13 bankruptcy.If the beneficiaries stand to inherit real estate that is about to be foreclosed, filing for bankruptcy will stop the foreclosure sale and help the beneficiary reorganize the debts by paying the mixed mortgage payments in a Chapter 13 plan.
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15 December 2019 | 4 replies
However, the job became more difficult year by year - budget reductions, decision making, office politics, reorganizations, status reports, personnel reviews, layoffs, meetings, conference calls, outsourcing, etc.
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31 October 2017 | 25 replies
Divorcee using settlement $ to pay in advance to clear obligations while they reorganize life.
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1 May 2017 | 5 replies
Unfortunately the attorneys are on the fence, but I'm opposed to LLC primarily because keeping 50 to 100 "members" on the same page is next to impossible, not to mention having to reorganize for every deal, or if a member-owner dies or drops out.
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18 April 2017 | 33 replies
There have been some recent changes in the law that seem to accommodate reorganization without taxation, but make sure you set up your transaction correctly from start to finish.https://cre.nerej.com/important-changes-new-hampshires-transfer-tax-creates-opportunity/