Search for: "Offical Committee of Unsecured Creditors"
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11 Mar 2015, 4:21 am
In November 2005, the bankruptcy court authorized the Committee of Unsecured Creditors to file an adversary proceeding against Causey, Shealey and the individual members of the Home’s board. [read post]
9 Feb 2007, 2:12 pm
And the committee for unsecured creditors contends that payments to partners were done improperly at a time when the firm should have known it was insolvent, an assertion that lawyers for Coudert deny. [read post]
16 Nov 2022, 8:55 am
The creditors’ committee is typically comprised of the debtor’s seven largest unsecured creditors, and the creditors’ committee can (and generally should) engage legal counsel to ensure adequate representation of all creditors’ rights. 3. [read post]
3 Jun 2013, 1:24 am
Those are the types of carriers that a director or officer wants on his or her side. [read post]
11 Jun 2013, 1:42 am
On June 14, 2008, the unsecured creditors committee filed an adversary proceeding in the bankruptcy matter against a total of 19 former directors and officers of TOUSA and related entities. [read post]
3 Apr 2016, 5:05 pm
” Often the list of claimants named in this coverage carve-back will include the creditors’ committee as well. [read post]
20 Oct 2011, 5:25 am
The court reinstated claims pushed by an unsecured creditors committee against individual officers and board members. [read post]
20 Aug 2009, 7:36 am
" The investigation of the taping, done by one of the officers of the largest creditor, was directed by a committee of the unsecured lenders, or second-tier creditors. [read post]
1 Nov 2011, 8:03 am
Counsel to the Committee of Unsecured Creditors in the Chapter 11 bankruptcy case of Greater Atlanta Brokerage Solutions, LLC (dba Re/Max of Greater Atlanta), formerly one of the largest residential real estate brokers in the United States. [read post]
10 Dec 2011, 7:54 pm
JP Morgan Chase, with over $1.2 billion in corporate bonds, and Deutsche Bank, with $1 billion in bonds, are two of its larger unsecured creditors. [read post]
13 Feb 2012, 8:42 am
This edition also reports on some of our recent representations, including our work for official committees of unsecured creditors in Chapter 11 cases involving major retailers and others. [read post]
7 Dec 2006, 8:32 am
If there isn't enough money to pay secured creditors, then secured creditors will join the ranks of the unsecured creditors. [read post]
20 Jun 2023, 12:15 pm
The unsecured creditors committee in the case objected to the motion, arguing that the insurance proceeds of the D&O policies were property of the estate and that advancing defense costs to the directors and officers would deplete the coverage available to the debtor. [read post]
26 Apr 2010, 2:25 am
The Pennsylvania case is Allegheny Health—fully titled Official Committee of Unsecured Creditors of Allegheny Health Education and Research Foundation v. [read post]
25 Oct 2007, 3:40 pm
When a corporation is insolvent, however, its creditors take the place of the shareholders as the residual beneficiaries of any increase in value.Consequently, the creditors of an insolvent corporation have standing to maintain derivative claims against directors on behalf of the corporation for breaches of fiduciary duties. [read post]
21 Apr 2020, 6:52 am
The limit expansion, in addition to other changes, will help SMEs in the following ways: Simplifying the Chapter 11 plan process Disbanding committees of unsecured creditors to cut costs Giving SMEs permission to retain equity under some circumstances Shortening deadlines in some cases These changes and their benefits work towards the best interests of SMEs to protect them against creditors now that the pandemic has disrupted business. [read post]
6 May 2014, 8:35 am
Bankruptcy Court, Eastern District of Florida); Representing Official Committee of Unsecured Creditors in Syroco, Inc. chapter 11 case; securing recovery for creditors despite case’s administrative insolvency and conversion to chapter 7. [read post]
25 Nov 2009, 10:29 am
In some cases, the creditor’s committee can demand a new management team be put in place, and it may be headed by executives from the creditor companies. [read post]
14 Oct 2011, 7:49 am
” See Official Comm. of Unsecured Creditors v. [read post]
15 Jun 2010, 6:55 pm
AeroThrust Corporation The Official Committee of Unsecured Creditors asked the Delaware bankruptcy court to convert the chapter 11 cases of AeroThrust Corporation to chapter 7 liquidations yesterday. [read post]
