Tag Archives: Unsecured

Priority, Secured, and Unsecured Debts in Chapter 13

When you file for Chapter 13 bankruptcy, you enter into a payment plan to pay off your debts. However, not all debts are treated equally by the bankruptcy code. Some debts must be paid first, other debts must be paid … Continue reading

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Using An Unsecured Loan to Avoid Gift Tax

Estate planning is among the most important areas of tax strategy. It was recently impacted by the Tax Cuts & Jobs Act (“Act”) when the estate tax exemption was increased.  The Act increased the estate tax exemption from $5.5 million to … Continue reading

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Bank May Seek Attachment On Unsecured Guaranty Even If Principal Loan Is Secured

Question: May a Bank who made a construction loan secured by real property seek a right to attach order and writ of attachment against a third party guarantor on its unsecured guaranty security? Answer: Yes, according to the Fourth District … Continue reading

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2-year-old girl dies after unsecured mirror at Payless store falls on her

ATLANTA (March 5, 2018) – A 2-year-old girl died Friday night after a mirror fell onto her at a Payless ShoeSource store in Riverdale. Georgia. According to FOX News, Ifrah Siddique was inside the store with her family around 8 p.m. … Continue reading

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Considerations for Service on an Unsecured Creditors Committee

With bankruptcy filings up by more than 25% in the recent past, and with the promise of many more to come in the near future, an increasing number of businesses and individuals may find themselves listed amongst the largest unsecured … Continue reading

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