Lance Martin

Oct 7, 2024 | mondaq.com | Lance Martin

That last one may be a head-scratcher, but it's the most relevant historical contribution in that list for lenders and special assets departments (at least for doing your job). The Statute of Elizabeth abolished transfers of property done to delay, hinder, and defraud creditors. North Carolina, like most states, has a modern statute – the Uniform Voidable Transactions Act – that codifies this 450-year-old prohibition on disposing of assets to evade your creditors and makes such transfers voidable.

Oct 2, 2024 | jdsupra.com | Lance Martin

The 16th Century gave plenty to the world – Leonardo da Vinci's "Mona Lisa," the Scientific Revolution, the Protestant Reformation, Michaelangelo's "David," and the Statute of Elizabeth. That last one may be a head-scratcher, but it's the most relevant historical contribution in that list for lenders and special assets departments (at least for doing your job). The Statute of Elizabeth abolished transfers of property done to delay, hinder, and defraud creditors.

Oct 1, 2024 | natlawreview.com | Lance Martin

The 16th Century gave plenty to the world – Leonardo da Vinci's "Mona Lisa," the Scientific Revolution, the Protestant Reformation, Michaelangelo's "David," and the Statute of Elizabeth. That last one may be a head-scratcher, but it's the most relevant historical contribution in that list for lenders and special assets departments (at least for doing your job). The Statute of Elizabeth abolished transfers of property done to delay, hinder, and defraud creditors.

Oct 1, 2024 | wardandsmith.com | Lance Martin

October 1, 2024 The 16th Century gave plenty to the world – Leonardo da Vinci's "Mona Lisa," the Scientific Revolution, the Protestant Reformation, Michaelangelo's "David," and the Statute of Elizabeth. That last one may be a head-scratcher, but it's the most relevant historical contribution in that list for lenders and special assets departments (at least for doing your job). The Statute of Elizabeth abolished transfers of property done to delay, hinder, and defraud creditors.

Aug 19, 2024 | mondaq.com | Lance Martin

A creditor in this exalted category can recover principal, interest (including default-rate interest if the debtor defaulted before bankruptcy), fees, charges, tip, tax, you name it. A lender also may recover its legal fees, including legal fees incurred after the debtor files bankruptcy. If a lender finds itself in this privileged position, then bankruptcy should be a mild nuisance. You need counsel to monitor the case, protect your interests, and ensure the debtor does nothing improper.