Video & Transcript Research : 'creditor'

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AZ

Arizona 2026 Regular Session

03/10/2026 - House Commerce

Commerce

Transcript Highlights:
  • Senate Bill 1252 adopts the Uniform Law Commission's Uniform Assignment for Benefit of Creditors Act,
  • The assets are distributed in an order of priority for the benefit of the assignor's creditors.
  • As mentioned by staff, this act is a uniform assignment for the benefit of creditors act.
  • Section 606 provides a process for notifying creditors, including ...real property.
  • Section 606 provides a process for notifying creditors, including options for them to opt out.
AZ

Arizona 2026 Regular Session

01/26/2026 - Senate Finance

Finance

Transcript Highlights:
  • an assignment for the benefit of creditors.
  • businesses and creditors alike.
  • and creditors alike.
  • So how and who creates the list of creditors and how do we know that the list of creditors is complete
  • Would the creditors be in better shape if they chose bankruptcy? Mr.
OK

Oklahoma 2026 Regular Session

Local and County Government Feb 24th, 2026

Local and County Government

Summary: The Senate Local and County Government Committee heard and advanced several bills dealing with municipal authority, land use, waste management, and transparency. Senate Bill 2106, by Senator Brooks, would require municipalities that use a reversion ordinance to change zoning back to a prior designation to compensate landowners for any loss in property value; it passed 8-0. Senate Bill 1471, by Senator Boren, as amended, would allow cities and towns to impose narrowly tailored fees related to solid waste and packaging impacts, with revenue limited to waste collection, recycling, cleanup, education, and related contamination-reduction efforts; members discussed microplastics, bag fees, and concerns about scope and oversight, and the bill passed 6-2. Senator Nysha and the chair spoke in support of the measure as a conservation and landfill-reduction tool. Senate Bill 2139, by Senator Hicks, was presented as a cleanup bill directing county clerks to remove discriminatory language from recorded plats, including digital records, after an ordinance amending a plat is adopted and recorded. The committee adopted a committee substitute, struck title, and advanced the bill 8-0. Senate Bill 2154, by Senator Reinhardt, would require lien holders to be notified before foreclosure proceedings begin when a municipal lien is filed; Senator Nice asked whether the notice period could be defined as 10 business days, and the author agreed to discuss that with stakeholders. That bill also passed 8-0. Finally, Senate Bill 1619, by Senator Hamilton, was broadened from an original focus on data centers to a general transparency measure for municipal and county governments. It would prohibit officials from using nondisclosure agreements to conceal how public tax dollars are spent, while still protecting proprietary business information. Members discussed constituent concerns about secretive economic development deals, and the bill passed 8-0. The committee then concluded its business and adjourned.
WA

Washington 2025-2026 Regular Session

House Civil Rights & Judiciary Feb 3rd, 2026 at 10:30 am

Civil Rights & Judiciary

Summary: The Civil Rights and Judiciary Committee heard staff briefings on several bills, including House Bill 2548 on hospital and provider material change transactions, House Bill 2453 on psychiatric pharmacists’ role in certain involuntary treatment petitions, House Bill 2640 on unauthorized UCC filings, House Bill 2095 on vulnerable users of public ways, House Bill 2386 on garnishment forms, and House Bill 2239 on family burial grounds on private land. The committee also discussed proposed substitutes and amendments, especially on HB 2095, where members debated liability standards, attorney fees, emergency vehicle exemptions, and reporting requirements. For HB 2548, members discussed transparency and disclosure in health care transactions, including notice requirements, filing fees, and Attorney General publication of pending and completed transactions. The committee adopted some amendments and rejected others. On HB 2095, it adopted amendments exempting emergency vehicles and clarifying collision report data, but rejected amendments that would have removed attorney fees, restricted liability further, or replaced the rebuttable presumption with a different civil cause of action. On HB 2239, the proposed substitute added setbacks from wells and springs, local remediation procedures, burial reporting to the Department of Archaeology and Historic Preservation, relocation procedures for remains, and disclosure requirements when property is sold. Members also noted that HB 2640 would give the Department of Licensing a process to refuse or terminate unauthorized filings submitted to harass or defraud debtors. At executive session, the committee voted all five bills out with due pass recommendations: Substitute House Bill 2548 passed 7-6, House Bill 2453 passed 8-5, House Bill 2640 passed 8-5, Substitute House Bill 2095 passed 8-5, House Bill 2386 passed 12-1, and Substitute House Bill 2239 passed unanimously 13-0.
MN

Minnesota 2025-2026 Regular Session

Commerce Committee Meeting - 2025-04-01

Commerce Finance and Policy

Transcript Highlights:
  • notice, if you in bad faith take action to frustrate the execution levy, thus requiring the judgment creditor
  • to petition the court to resolve the problem, you will be liable to the judgment creditor for costs
  • this notice and then do something in bad faith to... "...try to block or stop the levy, and if the creditor
Bills: HF2543, HF2566, HF2627
MN

Minnesota 2025-2026 Regular Session

House Commerce Finance and Policy Committee 4/1/25

Commerce Finance and Policy

Transcript Highlights:
  • notice, you in bad faith take action to frustrate the execution levy, thus requiring the judgment creditor
  • You will be liable to the judgment creditor for costs and reasonable attorneys' fees, plus an amount
  • If you get this notice, then do something in bad faith to try and block or stop the levy, and the creditor
  • <00:02:52.519><c> Judgment</c> Levy thus requiring the Judgment Levy thus requiring the Judgment creditor
  • to petition the court to creditor to petition the court to resolve<00:02:54.959><c> the</c><00:02:55.200
Bills: HF2543, HF2566, HF2627
WA

Washington 2025-2026 Regular Session

Senate Law & Justice Feb 2nd, 2026 at 10:30 am

Law & Justice

Transcript Highlights:
  • The garnishment process is a remedy that allows a judgment creditor to obtain the debtor's funds or property
  • And the garnishment process is a remedy that allows a judgment creditor to obtain the debtor's funds
Summary: The committee first suspended the five-day notice requirement and then held a public hearing on Senate Bill 5962, which would remove spring blade knives from the list of dangerous weapons while keeping restrictions on carrying them in schools, child care facilities, and other sensitive places. Staff explained the current law and the bill’s effect. Supporters, including Knife Rights and the prime sponsor, said the law is outdated, inconsistent, and harmful to workers and manufacturers; one testifier also argued the bill should go further and remove added carry restrictions. Testimony was overwhelmingly in favor, and the hearing closed with the chair noting the bill had 50 pro and 2 con sign-ins. The committee then heard Senate Bill 6105, which raises the wage garnishment exemption for judgments arising from medical debt from 30 to 60 times the state minimum wage, while keeping the 80% disposable earnings exemption and adding clearer notice requirements. The sponsor and supporters from patient, consumer, AARP, and anti-poverty groups argued that medical debt is often unexpected and that the higher exemption would help families avoid financial collapse and keep working. Opponents from collectors and receivables groups said the bill was not developed through a stakeholder process, could create compliance and privacy problems, might increase litigation and fees, and could worsen provider financial strain. The hearing ended with 33 pro and 107 con sign-ins. Next, the committee took testimony on Senate Bill 6203, which would clarify that out-of-state convictions can include foreign-country convictions for offender scoring if obtained with sufficient due process and fairness safeguards. The sponsor said the bill closes a gap identified by a recent Washington Supreme Court decision. Prosecutors supported the concept and suggested simplifying the language, while the Sentencing Guidelines Commission, public defenders, and defense advocates opposed it, arguing the due process standard is undefined, foreign legal systems are hard to evaluate, and the bill could create unequal and costly litigation. The hearing closed with 2,997 pro and 67 con sign-ins. Finally, the committee began hearing Senate Bill 6296, a broad involuntary treatment bill that expands who may petition for detention under the ITA, changes procedures for less restrictive alternative treatment and assisted outpatient treatment, adds firearm surrender compliance steps, and requires more law enforcement involvement in some detentions. The sponsor said the bill addresses gaps in transport, firearm surrender, AOT access, and Joel’s Law. Supporters from providers and counties backed parts of the bill, especially information sharing and removing the AOT declarant requirement, but many stakeholders including DCRs, disability rights advocates, behavioral health organizations, hospitals, and public defense raised concerns about due process, capacity, rural transport, law enforcement liability, vague standards, and unintended consequences. The hearing was still underway at the end of the transcript.
TX
Transcript Highlights:
  • Chairman, this bill... ...strengthens the justice court process for both creditors and debtors and is
  • I'm here on behalf of the Texas Creditors Bar Association, and we are in favor of this bill.
  • I'm here on behalf of the Texas Creditors Bar Association and we are in favor of the bill.
  • I achieve a balance between the creditor and the debtor.
  • The bill also protects creditors and heirs by applying existing estate law. rules. With that, Mr.
OK

Oklahoma 2026 Regular Session

Civil Judiciary REVISED: Links added Feb 5th, 2026

Civil Judiciary

Summary: The committee considered a series of House bills, mostly on civil procedure, public records, insurance, local government, and liability issues. Early measures included HB 4139, creating the Oklahoma Home Warranty Transparency Act to improve disclosures in home service contracts; HB 4143, raising the property-damage threshold for Oklahoma City officers to work traffic collisions from $300 to $3,000; HB 4144, clarifying that arrest and incident reports must include a brief summary; and HB 3974, allowing counties in multi-county jails to limit lawsuits to the county that placed the inmate in the facility. Each of these bills received a motion, no debate, and a unanimous due-pass recommendation. The committee also heard HB 3303, which was presented as a response to an insurance claim dispute involving fault allocation after a red-light crash. The author said the bill would align with Oklahoma Insurance Department processes and could be revised further before oversight; members raised concerns about jury verdicts and whether the bill could affect premiums. HB 3790, giving homeowners a five-day cooling-off period after door-to-door home repair sales, and HB 3697, a procedural fix codifying extra time defendants can already obtain by reservation, also advanced unanimously. HB 3262, a request bill from the Oklahoma County Sheriff’s Office to update warrant fees, was amended to say “up to” and then passed 7-2. Additional bills approved included HB 4226 on timelines for judicial recusals, HB 2936 barring people convicted of pedophilia from adopting, HB 3322 on interpreting statutes when multiple versions exist, HB 4296 protecting a notary’s home address from publication, HB 3278 creating a process to resolve Open Meetings Act violations without court, HB 4202 moving radiology reimbursement rates in workers’ compensation to the fee schedule, HB 3648 extending Governmental Tort Claims Act coverage to OU Health entities, HB 3500 removing a nine-month delay for filing a transfer-on-death deed confirmation, and HB 3037 adding certain students working under professors to the employee definition for tort-claim purposes. The committee also laid over HB 2941, HB 2959, HB 387, HB 4176, and HB 419, and adjourned after reporting the remaining bills due pass.
VT

Vermont 2025-2026 Regular Session

Senate Session - 2026-05-06 - 11:00AM

Vermont Senate Floor Meeting

Transcript Highlights:
  • </c> debtors and creditors. debtors and creditors.
  • If the creditor rejects the claim, the creditor may recommence collection activities but may not sell
  • <c> a</c><01:57:20.200><c> complete</c> Once a creditor receives a complete Once a creditor receives
  • If the creditor such determination.
  • If the creditor rejects the claim, the creditor<01:58:24.560><c> may</c><01:58:25.600><c> recommence
Keywords: 927, senate, all
KY

Kentucky 2026 Regular Session

Senate Standing Committee on Judiciary (2-19-26)

Judiciary

Transcript Highlights:
  • those assets from my creditors.
  • </c> insulate those assets from my creditors. insulate those assets from my creditors.
  • </c> my creditors can get to that. my creditors can get to that.
  • </c><00:13:28.079><c> in</c> are worried about their creditors in are worried about their creditors in
  • </c><00:13:55.200><c> can</c> a rule that says if my creditors can a rule that says if my creditors can
Keywords: 958, all
LA

Louisiana 2026 Regular Session

Civil Law and Procedure Apr 27th, 2026

Civil Law and Procedure

Transcript Highlights:
  • So when does the money go back to the judgment debtor, only if the judgment creditor does not acquire
  • So we're trying to get the money back to the insurance company, the judgment creditor, if the debtor.
  • .. if the judgment creditor does not use all of the money that's been adjudicated by a court for the
  • or the creditors themselves, don't want to advance the money because it's less than $1,000.
  • sheriff disperse it to the creditor?
Summary: The committee first heard Senate Bill 476, which would add clearer warning language for garnishees responding to interrogatories and create a limited procedure for a new trial when a garnishee can show it never held property or owed the debtor during the garnishment period. After brief questions about how garnishment works, the bill was reported favorably without objection. Senate Bill 260, a youth athletics coaches training bill, was then amended to remove language about the department using donated funds to purchase courses and was reported as amended. House Bill 79, by Chairman Carter, would remove the damages cap for carbon capture release claims. Carter argued carbon capture should be treated like other industries and not receive special liability protection, and the committee reported the bill favorably without objection. The committee also took up Senate Bill 424, which clarifies that electronic service applies only to counsel of record representing a party, and Senate Bill 180, a constitutional amendment allowing a surviving spouse of a deceased disabled veteran to make a one-time transfer of an expanded property tax exemption to another qualifying homestead. SB 180 received a ballot-language amendment and a 6.88 report before being reported as amended. The longest discussion centered on House Bill 1089, which creates “care accounts” for future medical damages in delictual actions. Supporters said the bill would ensure future medical awards are used for medical care, reduce abuse, and function like a restricted account with a card or similar payment mechanism; opponents raised concerns about the account being owned by the judgment debtor, possible reversion of unused funds to the wrong party, administrative confusion, and impacts on survivors of trafficking and sexual abuse who may need flexible, trauma-informed care outside standard billing codes. After extensive testimony and debate, the committee adopted an amendment set and reported the bill favorably by a 6-1 vote, with Representative Carter voting no. Finally, House Bill 437 was heard and amended. The bill would prohibit expert witnesses from having a pecuniary interest in the outcome of the case, while still allowing inquiry into an expert’s prior testimony history. An amendment excluded criminal traffic and juvenile proceedings, and the committee continued discussion with testimony from supporters and opponents as the transcript ended.
AZ

Arizona 2026 Regular Session

03/10/2026 - House Commerce

House Commerce Committee of Reference

Transcript Highlights:
  • As mentioned by staff, this act is a uniform assignment for the benefit of creditors act.
  • An assignment for the benefit of creditors is a flexible alternative to a bankruptcy or receivership,
  • . ...them and distributing them to satisfy the distressed business's creditors.
  • Section 606 provides a process for notifying creditors, including ...debtor's remedy selected by the
  • Section 606 provides a process for notifying creditors, including options for them to opt out.
Summary: The Commerce Committee met and, after deciding not to hear Senate Bill 1254, took up three bills in order: SB 1181, SB 1252, and SB 1415. SB 1181 would revise requirements for certification of public accountants and was described as identical to House Bill 2476, which had already passed the House. A representative of the Arizona Society of Certified Public Accountants testified in support, explaining that the bill creates additional pathways to CPA licensure and is intended to keep Arizona CPAs competitive; no questions were raised. SB 1252 would adopt the Uniform Assignment for Benefit of Creditors Act. Staff explained it as a framework for transferring a distressed business's assets to an assignee who liquidates them and distributes proceeds to creditors. A Uniform Law Commission counsel testified that an assignment for the benefit of creditors can be a flexible alternative to bankruptcy or receivership, giving the debtor more control while requiring the assignee to act as a fiduciary and maximize creditor distributions. The bill was presented without opposition. SB 1415 would set qualifications for salaried employees of insurers or managing general agents to obtain an adjuster license without taking the Arizona adjuster exam, and would limit that license to adjusting claims as a salaried employee. A State Farm representative supported the bill, saying it responds to other states requiring Arizona-based company adjusters to obtain additional licensing and testing, which could affect thousands of employees; the bill would allow those already licensed and tested elsewhere to obtain Arizona licensure without another exam, while new applicants after January 1 would still need Arizona licensure and testing. All three bills received unanimous due pass recommendations by 10-0 votes, and the committee adjourned.