Search for: "Creditors Recovery Corporation"
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18 Apr 2007, 6:22 am
The court held that it was equally clear the trustee could not prosecute the FDCPA claim as a class action because of “inhere conflicts in a trustee’s duty as trustee - primarily maximizing recovery for the estate’s creditors - and the duty of a class representative to maximize recovery for the class. [read post]
19 May 2008, 10:23 am
Braver, as a creditor of the entity, would be entitled to payments earned. [read post]
17 Oct 2016, 4:26 pm
The lenders in the credit facility, the Verbeeks argued, were not seeking recovery under the credit facility, but were claiming that they had been misled, and therefore the exclusion was not triggered. [read post]
3 Jan 2022, 12:58 am
” The court also emphasized that “crucially, on one issue, plaintiff and defendants agree: [the corporation] has unpaid creditors” and that “as such, there may be creditors with claims superior to plaintiff which precludes direct recovery by plaintiff. [read post]
4 Feb 2022, 8:21 am
It certainly includes family, affiliated corporations and LLC’s, and their officers. [read post]
7 Jul 2011, 2:47 am
” In re Bank of New England Corporation, 2011 U.S. [read post]
7 Jul 2011, 2:47 am
” In re Bank of New England Corporation, 2011 U.S. [read post]
26 May 2016, 12:59 pm
Penny Corporation, Civ No 15-515, District of Minnesota). [read post]
10 Feb 2010, 6:29 pm
However, all creditors would receive a projected 100% recovery on their claims pursuant to the plan of reorganization (general unsecured creditors would not receive any interest on their claims under the plan). [read post]
14 Mar 2023, 6:01 pm
The potential for “haircuts” on recovery of uninsured deposits existed. [read post]
4 Oct 2023, 2:08 pm
Such lawsuits have become more common in recent years and it is important for Directors, Officers, shareholders, insurers, employees, creditors, suppliers and financial advisors to understand what derivative actions are and what risks they present. [read post]
8 May 2009, 3:47 pm
This blog is written by their Bankruptcy & Corporate Restructuring Department, which represents debtors, creditors’ committees, institutional and individual creditors, secured parties, venture capitalists, equity holders, trustees, receivers and parties with substantial interests in insolvency proceedings throughout the United States. [read post]
23 Feb 2010, 5:00 am
They claim to have lined up $1.8 billion in financing for an alternative plan that would increase the recovery for creditors. [read post]
Mount Vernon Monetary Management Corp. Files for Chapter 11 Protection After Appointment of Receiver
28 May 2010, 12:58 am
" According to court filings, Applebaum intends to utilize the chapter 11 cases to: "marshal all assets of the Debtors’ estates; continue the orderly marketing process and sell the Debtors’ valuable businesses and assets in an expedited manner pursuant to Section 363 of the Bankruptcy Code to maximize value and minimize the administrative expenses associated with maintaining these assets; identify, coordinate and execute on other potential… [read post]
18 Sep 2006, 8:40 am
Second, some poor debtors - lone parents on social assistance for example - are judgment-proof meaning that judgments for money recoveries obtained by their creditors are of no effect because these debtors do not have sufficient non-exempt property or income to satisfy the judgment. [read post]
21 Jul 2011, 4:15 am
Using available funds to pay other creditors when the business is unable to pay the employment taxes is an indication of willfulness. [read post]
8 Apr 2016, 6:47 am
We do not represent government, corporations or large business interests. [read post]
30 Apr 2011, 8:59 am
Suppose you place your assets in a corporation. [read post]
5 Aug 2019, 5:12 am
But with a secured loan, creditors can repossess the collateral and sell it. [read post]
5 Aug 2019, 5:12 am
But with a secured loan, creditors can repossess the collateral and sell it. [read post]
