General Creditor

• 26 CFR 1.465-8 - General rules; interest other than that of a creditor.

• Code of Federal Regulations - Title 26: Internal Revenue

• in Re: 310 Associates, Debtor. Gey Associates General Partnership, Creditor-Appellant, v. 310 Associates, Debtor-Appellee., 346 F.3d 31 (2nd Cir. 2003)

Leo Fox, Law Office of Leo Fox, New York, NY, for Appellant. Michael J. Venditto, Anderson, Kill & Olick, P.C., New York, NY, for Debtor-Appellee. Be...

• Federal Circuits

• Tax Issues with a Family Limited Partnership

The IRS allows individuals to create a Family Limited Partnership (FLP) to eliminate or decrease the estate and gift taxes while allowing the individual to control the assets. However, there are challenges to an FLP if the rules are not followed. Disadvantages of an FLP are failure to fund the FLP, failure to involve "business" assets only, liability of a parent as the general partner, limit creditor's access to the FLP's assets, and limit the percentage of the assets placed in the FLP.

• Allied Academies International Conference. Academy of Accounting and Financial Studies. Proceedings
• Vol. 14 Nbr. 2, July 2009

• General Creditor

An individual to whom money is due from a debtor, but whose debt is not secured by property of the debtor. One to whom property ha...

• West's Encyclopedia of American Law
• Fri–Jam

• Wilmington Trust Not a General Growth Properties Creditor.

No Credit Exposure Involved in Trustee Role Representing Bondholders WILMINGTON, Del. -- Wilmington Trust (NYSE:WL), a leading provider of instituti...

• Business Wire
• April 16, 2009

• Environmental Insurance Looks Promising in '08

The demand for environmental insurance is definitely growing. Such growth is in stark contrast to the insurance industry in general and indicates that revenue opportunities are available to agents and brokers who have the necessary product knowledge and insurance market access to seize them. This article will review some of the more common forms of environmental insurance available to producers and their clients. They include: 1. pollution legal liability insurance, 2. cost cap coverage, 3. liability buyout/liability transfer, 4. lenders liability pollution/secured creditor insurance, 5. storage tank liability insurance, 6. combined commercial general liability and pollution legal liability policies, 7. contractors pollution liability, and 8. professional liability for environmental ser...

• American Agent & Broker
• Vol. 80 Nbr. 2, February 2008

• 17 Collier Bankr.Cas.2D 244, Bankr. L. Rep. P 71,791 in the Matter of Jersey City Medical Center, Debtor. Appeal of Finch Fuel Oil Company. Appeal of Finch Fuel Oil Company, a General Unsecured Creditor in the Above Designated Bankruptcy Proceeding., 817 F.2d 1055 (3rd Cir. 1987)

George B. Gelman (Argued), Philip L. Guarino, Gelman & McNish, Hackensack, N.J., for appellant. Sheldon Schachter, Kleinberg, Moroney, Masterson & Sc...

• Federal Circuits

• 12 CFR 334.30 - Obtaining or using medical information in connection with a determination of eligibility for credit.

... B: REGULATIONS AND STATEMENTS OF GENERAL POLICY. PART 334: FAIR CREDIT REPORTING. Subpart D... of the following that participates as a creditor in a transaction:. (i) A State bank insured by the...

• Code of Federal Regulations - Title 12: Banks and Banking

• in Re Chase & Sanborn Corporation, F/K/a General Coffee Corporation, Debtors. Paul C. Nordberg, as Creditor Trustee, Plaintiff-Appellant, v. Societe Generale, Defendant-Appellee., 848 F.2d 1196 (11th Cir. 1988)

Joel S. Weiss, Esanu, Katsky, Korins & Siger, New York City, Ronald G. Neiwirth, Miami, Fla., for plaintiff-appellant. James L. Kerr, Davis, Polk & W...

• Federal Circuits

• Legal Aspects of Collecting an Account Receivable

When an attorney has a case referred to his office for collection, he should immediately acknowledge the claim in writing to the client or forwarder. Upon receiving a claim on behalf of a creditor, the attorney will first attempt to collect the money amicably without the necessity of the institution of a lawsuit. Whether by telephone conversation, personal interview, or with the assistance of a paralegal's investigation, the attorney will attempt to determine what the debtor entity has in the way of assets and liabilities, and what outstanding security interests the debtor may have, so he can write a knowledgeable report and make proper recommendations to the creditor or forwarder. In general, it is not a good idea to forward original documents to the attorney unless they are requested....

• Debt 3
• Vol. 24 Nbr. 6, November 2009