Search for: "The Unsecured Creditors Committee " Results 161 - 180 of 575
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14 Nov 2014, 2:58 pm by Dheeraj K. Singhal
There is also no creditor’s committee, which would ordinarily be costly and could interfere with the continuation of the business operations. [read post]
10 Nov 2014, 7:09 am by Melissa Jacoby
And, unlike the accepting classes, the dissenting classes in Detroit had no mechanism to coordinate a settlement with the City (had there been an unsecured creditors' committee, the story might be different). [read post]
28 Oct 2014, 2:44 pm by Dheeraj K. Singhal
In larger cases, a creditorscommittee is appointed with its own attorneys, paid by the debtor in possession, who can approve or disapprove of the plan submitted by the debtor in possession, submit their own plan, or have a plan “crammed” down. [read post]
12 Sep 2014, 10:34 am by Melissa Jacoby
Trustee appointed an unsecured creditors' committee, but the court vacated the appointment and disbanded the committee. [read post]
13 Aug 2014, 12:11 pm by Jason Kilborn
The new system provides a framework for debtors and their secured creditors to negotiate a so-called Personal Insolvency Arrangement, or PIA, to reduce and/or otherwise restructure home loans and other secured (and unsecured) debt. [read post]
30 Jul 2014, 3:29 pm by James Hamilton
Professor Thomas Jackson of University of Rochester business school, and a member of the Federal Deposit Insurance Corporation’s (FDIC) Systemic Resolution Advisory Committee, testifiedthat in two key places, the Dodd-Frank Act envisions bankruptcy as the preferred mechanism for the resolution of SIFIs. [read post]
29 May 2014, 4:51 am by Kevin LaCroix
Following the bankruptcy filing, the committee of unsecured creditors sent the holding company’s former directors and officers a demand letter, asserting that the downstream capital contribution was wrongful and had been made in breach of their fiduciary duties and seeking damages. [read post]
6 May 2014, 8:46 am by Ed. Microjuris.com Puerto Rico
Marini-Biaggi serves on the Local Bankruptcy Rule Committee of the U.S. [read post]
6 May 2014, 8:35 am by Ed. Microjuris.com Puerto Rico
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]
24 Feb 2014, 8:18 am by Dheeraj K. Singhal
Purpose of Filing A Chapter 11 bankruptcy allows you to keep your business operating, though you will have to answer to a committee of unsecured creditors and in some cases relinquish control to the trustee if there is evidence of gross mismanagement or fraud. [read post]
21 Feb 2014, 7:26 pm by Mary Pat Dwyer
The petition of the day is: Official Committee of Unsecured Creditors of Quebecor World (USA) Inc. v. [read post]
14 Feb 2014, 12:00 pm by Mary Pat Dwyer
  Official Committee of Unsecured Creditors of Quebecor World (USA) Inc. v. [read post]
10 Feb 2014, 9:09 am by Dheeraj K. Singhal
If there are any remaining assets, the unsecured creditors including shareholders and owners are paid last. [read post]
24 Jan 2014, 12:57 am by Kevin LaCroix
In explaining the statute’s omission of officers, the court cited to the legislative committee’s comments to the statute, which seems to acknowledge that officers were intentionally excluded from the statute for the following reason:   Although a non-director officer may have a duty of care similar to that of a director, his ability to rely on factual information, reports or statements may, depending upon the circumstances of the particular case, be more limited than in the… [read post]
24 Jan 2014, 12:57 am by Kevin LaCroix
In explaining the statute’s omission of officers, the court cited to the legislative committee’s comments to the statute, which seems to acknowledge that officers were intentionally excluded from the statute for the following reason:   Although a non-director officer may have a duty of care similar to that of a director, his ability to rely on factual information, reports or statements may, depending upon the circumstances of the particular case, be more limited than in the… [read post]
2 Jan 2014, 2:10 pm by Bob Eisenbach
It also reports on some of our recent representations, including for official committees of unsecured creditors in Chapter 11 cases involving major retailers and others, and our work for Chapter 11 debtors. [read post]