Search for: "Creditors Recovery Corporation"
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11 Jan 2012, 11:21 am
On 1 December 2011, the Victorian Government commenced the Farm Debt Mediation Scheme which makes it compulsory for creditors to offer mediation to farmers before commencing debt recovery proceedings on farm mortgages. [read post]
2 Feb 2010, 2:40 pm
" While Bernie's Agency Agreement with Hilco Merchant Resources, LLC (which is conducting the going-out-of-business sales) provides for Hilco to pay Bernie's 80.3% of the aggregate cost of its merchandise, expected to be approximately $11.4 million, that amount is less than Bernie's secured debt of $12.7 million.While Bernie's and its secured creditor, RBS Citizens National Association, negotiated carve-outs for certain priority claims, including claims of… [read post]
8 Mar 2012, 1:08 pm
A mediator then convenes a meeting between the farmer and all creditors to review the recovery plan and attempt to negotiate an arrangement with creditors. [read post]
29 Sep 2018, 12:38 am
The Insolvency and Bankruptcy Code, 2016 is not an Act for recovery of money claim, it related to initiation of Corporate Insolvency Resolution Process. [read post]
12 Jun 2007, 9:53 am
This presumably means that any suit by the creditor will be in the name of the corporation, and any recoveries will go to the corporation, to be shared by all corporate constituents. [read post]
13 Dec 2010, 6:34 am
He pays the business creditors and consumer creditors his available cash flow for five years. [read post]
24 May 2016, 9:37 am
The Vertical Funds include Vertical Recovery Management, LLC, Vertical Mortgage Fund I, LLC, Vertical US Recovery Fund, LLC, and Vertical US Recovery Fund II, LLC. [read post]
29 Nov 2009, 11:54 am
The common scenario in the regard is the LLC or Corporate entity that owes employment tax, that may later be assessed as a trust fund recovery penalty against the owner. 3. [read post]
5 Jul 2015, 8:25 am
Putting outsiders in charge might make eminent sense in corporate bankruptcy. [read post]
29 Jul 2009, 6:26 am
The information required to be included includes the following:Schedule A: Real PropertySchedule B: Personal PropertySchedule C: Property Claimed as ExemptSchedule D: Creditors Holding Secured ClaimsSchedule E: Creditors Holding Unsecured Priority ClaimsSchedule F: Creditors Holding Unsecured Nonpriority ClaimsSchedule G: Executory Contracts and Unexpired LeasesSchedule H: CodebtorsThe Statement of Financial Affairs includes information regarding such topics as revenues,… [read post]
11 Jun 2007, 10:18 am
Me. 1824)(No. 17,994), held that directors of insolvent liquidating corporations were fiduciaries for creditors. [read post]
7 Nov 2010, 9:44 pm
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]
20 Oct 2008, 5:03 am
A successful challenge can turn first or second lien secured debt into "back-of-the-line" capital contributions, enabling unsecured creditors to realize a much greater recovery. [read post]
22 Mar 2010, 12:12 pm
Unwinding such transfers, typically made from the debtor to a third party located in the same country, is often an important source of recovery for creditors. [read post]
23 Apr 2020, 6:58 am
Chapter 13 filings are reserved for only individual debtors, not corporations or partnerships. [read post]
23 Apr 2020, 6:58 am
Chapter 13 filings are reserved for only individual debtors, not corporations or partnerships. [read post]
27 Jul 2009, 4:00 am
Justice Fried cited a number of cases in which courts enforced creditor claims against successor corporations formed after the debtor corporation was administratively dissolved. [read post]
29 Dec 2008, 2:59 pm
The Bell Group Ltd (in liq) v Westpac Banking Corporation [No 9] [2008] WASC 239 dealt with a claim started in 1995 by the liquidators of Bell Group against 21 banks challenging the way in which securities were given and taken in 1990 by Bell Group following its takeover by Bond Corporation and seeking recovery of the proceeds of realisation (about $1.5 billion). [read post]
26 Mar 2021, 8:12 am
March 25, 2021) (click here for .pdf), the plaintiffs are three corporations that sued the Debtor for fraud and securities violations in state court. [read post]
7 Jun 2012, 6:37 am
Distributions of funds earned as an S corporation are generally a tax-free recovery of basis. [read post]
