Search for: "Creditors Recovery Corporation"
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15 Apr 2017, 7:10 am
In the case of the very public litigation between holders of GO and Puerto Rico Sales Tax Financing Corporation (COFINA) debt, this has devolved into an acrimonious fight over the very legality of the COFINA bond issuances themselves. [read post]
6 Feb 2020, 5:29 pm
Our Catch of the Week arises out of misconduct in a corporate restructuring, features a unique whistleblower, and resulted in a $29 million recovery by the government. [read post]
15 Mar 2018, 12:25 pm
These request letters are on law corporation letterhead but signed by Mr. [read post]
29 Jan 2010, 1:41 pm
He focuses on complex Chapter 11 reorganization and liquidation proceedings, including prepackaged and pre-negotiated restructurings, and represents corporate debtors, creditors, and purchasers. [read post]
30 Jan 2007, 9:35 am
In a written statement submitted yesterday, the creditors said that the US Airways offer of cash and stock offers a "superior recovery for creditors compared to what they would receive under Delta's standalone Chapter 11 plan. [read post]
5 Jan 2023, 11:59 am
Even when these legal theories are “successful,” the creditor is typically only able to salvage a limited recovery against part of a debtor’s protected assets. [read post]
3 Jan 2018, 9:58 am
Was it a corporate debtor or a related entity of the debtor? [read post]
14 Oct 2015, 1:04 pm
Chapter 11 Chapter 11 is for corporations, partnerships, LLCs and even small businesses and individuals. [read post]
13 Jan 2010, 8:55 pm
The plan also provides for the release of claims against the debtors' officers and directors, which would prevent Finance II's estate or creditors from pursuing recoveries from them.As a result, the motion asserts that Finance II's creditors would receive greater recoveries, and hence be better off, if Finance II's case is converted to chapter 7. [read post]
5 Feb 2011, 10:21 am
The only cases in which the zone of insolvency debate matters are those to which the business judgment rule does not apply, shareholder and creditor interests conflict, and a recovery could go to directly to those who have standing to sue. [read post]
22 Dec 2008, 9:41 pm
"Tribune has a lot of valuable properties and a high level of cash flow, and we expect a good recovery from the matter," Mayer told the Am Law Daily. [read post]
12 Feb 2014, 11:47 pm
This is an opinion by Judge Holderman who held that a judgment creditor cannot force a judgment debtor to assign a potential legal malpractice claim to the creditor. [read post]
29 May 2019, 5:55 pm
The same business is continued under the new company, leaving any debts (such as taxes, amounts owing to creditors and employee entitlements) with the existing company, which is liquidated. [read post]
20 Feb 2018, 9:30 am
” We agree with the trial court that there is no basis in this situation for applying the alter-ego rule to allow the imposition of liability on defendant for Benner’s alleged misdeeds.The alter-ego theory allows a court to disregard a corporate entity in order to impose liability on a person or a subservient corporation for the corporation’s misdeeds. [read post]
16 Mar 2023, 8:35 pm
The latest accusations come from creditors in the bankruptcy case. [read post]
28 Jun 2012, 6:40 am
Kramer Levin also represented the Committee in formulating and negotiating a comprehensive plan of reorganization that distributed a recovery to unsecured creditors and gave control of the reorganized Company, including the ultimate ownership of Capmark Bank, to unsecured creditors. [read post]
30 Oct 2020, 9:11 am
Trust Fund Recovery Penalties: What are they? [read post]
9 May 2023, 8:42 am
As a result, all deposits, including eligible deposits of large corporates and excluded deposits, will rank above ordinary unsecured claims. [read post]
29 Sep 2011, 7:51 am
” This provision allows creditors to seek recovery of their claim in instances when a debtor may be trying to unfairly divert funds away from legitimate creditors. [read post]
11 Jun 2014, 1:11 pm
Why not just tell the creditors to pound sand? [read post]
