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sears background check

Filed: January 13th, Precedential Status: Precedential. Citations: None known. Docket Number: Your Notes edit none. Cited By 0 This case has not yet been cited in our system. Authorities 11 This opinion cites: Stern v.

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Marshall, U. P 67, Lawrence Jenson v. Continental Financial … 2 times General Motors Corp. Alliance Bond Fund, Inc. Please support our work with a donation. Sears appeals from the September 6, bankruptcy court order finding that the bankruptcy estate of AFY, Inc. We reverse.

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On September 27,Sears and AFY entered into a split dollar agreement defining their contractual relationship in sears background check life insurance policy naming Sears as the insured. The agreement provides that upon issuance of the policy Sears shall collaterally assign the policy to AFY. In the event the agreement is terminated, Sears has 30 days to repay AFY all premium amounts in exchange for a complete release of the collateral assignment and all indebtedness.

Failure to repay the premiums within the day period coupled with a request by AFY to transfer ownership requires Sears to transfer ownership of the insurance policy to AFY. The life insurance policy was issued by the IDS Sears background check Insurance Company2 and was received by Sears on the same day the split dollar agreement was signed: September 27, Sears did not collaterally assign the policy or sign any demand notes in favor of AFY.

Between andAFY made 15 premium payments.

sears background check

Sears is the debtor-in- possession in his case. In Schedule C, Sears elected to choose his exemptions under 11 U. Under Neb.]

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