On the somewhat unusual occasions when your judgment debtor has assets, the question turns to how do I maximize my judgment and collect every penny legitimately owed to my client? Here are some thoughts:
USA, Ohio, Insolvency & Restructuring, Litigation, Frost Brown Todd LLP, Interest, Accrued interest, Compound interest
The Indiana Lawyer Announced on March 31, 2011, that the Fair Finance Co.’s bankruptcy trustee had reached a $371,000 settlement with an Indianapolis attorney who was accused of defaulting on a 2003 loan from the business. The trustee had sued the Indiana attorney and his wife, saying that the couple failed to pay off a $250,000 loan that matured in 2006. Accrued interest had raised the amount owed to over $370,000.
USA, Indiana, Insolvency & Restructuring, Litigation, Frost Brown Todd LLP, Default (finance), Accrued interest, Trustee, United States bankruptcy court, US District Court for Northern District of Ohio