Search for: "Debtors and Debtors in Possession"
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4 Jan 2009, 2:03 pm
In a Chapter 11 bankruptcy case, the debtor, the person or company that files the case, is a debtor in possession. [read post]
15 Oct 2007, 10:23 am
A debtor in possession ("DIP") is a bankruptcy debtor who retains possession of property of the estate. [read post]
21 Jun 2018, 12:45 pm
A Chapter 11 business bankruptcy works quite different from a personal bankruptcy (Chapter 7 or Chapter 13), with the biggest difference being who is in … Read more The post What is Debtor-in-Possession Financing? [read post]
19 Apr 2018, 10:49 am
It begins the same way: with a voluntary petition in bankruptcy court (although creditors […] The post What is a “debtor-in-possession” ? [read post]
7 Jun 2013, 5:40 am
What are the duties of the lawyer represent the debtor-in-possession? [read post]
25 Aug 2006, 3:31 am
That simply means that once the debt is reduced to a judgment, I will attempt to garnish bank accounts, garnish wages, have the Sheriff take possession of personal property, have the Sheriff take possession of automobiles and put a lien on any real property the debtor owns. [read post]
24 Feb 2015, 11:37 am
§ 727(d)(2) because the debtor knowingly and fraudulently took possession of proceeds from a $150,000 EEOC award, failed both to notify the Trustee that the funds had arrived and to turn the funds over to the Trustee as required, [...] [read post]
1 Dec 2010, 8:34 am
The county court rule provided for a "personal order of garnishment," which, unlike ordinary garnishment orders directed at third parties like banks and employers, would order the debtor herself to turn over any non-exempt funds in the debtor's possession, regardless of whether such funds actually existed. [read post]
4 Apr 2014, 5:40 am
· Limited Powers as Debtor-In-Possession: Unlike Chapter 11, there is always a trustee in a Chapter 13 case. [read post]
21 Jun 2017, 5:05 pm
Capitol became custodian of the bankrupt estate as a debtor in possession. [read post]
24 Aug 2011, 2:28 pm
Panel members have served as Trustee, Creditors Committee counsel, Debtor's counsel, and special litigation counsel in law firm... [read post]
15 Jun 2011, 9:21 am
The court indicated that a trustee could try to sell the debtor’s property but that the debtor should retain possession unless the trustee finds a buyer who will pay more than the mortgage debt. [read post]
29 Jun 2011, 9:33 am
If the mortgage lender buys the trustee’s ownership position the lender can take immediate possession and eliminate the debtor’s foreclosure defenses. [read post]
9 Jul 2010, 7:20 am
The Debtors complain that Household Finance first misled the Debtors into believing that the loan they would receive would be the "best available" and on terms favorable to the Debtors. [read post]
10 Nov 2022, 5:25 am
However, a creditor may use a citation to discover assets to gain information about money or property that is in a debtor's possession, and they may seek a non-wage garnishment order that will allow them to seize any non-exempt assets in order to collect a judgment that is owed. [read post]
9 Dec 2011, 7:10 pm
Some states laws allow high value for possessions; other states have very low values for possessions. [read post]
11 Mar 2021, 7:58 am
When the bankruptcy court appointed a trustee, and thereby deposed [Debtor] as the debtor-in-possession, it stripped him of the ability to do—or to seek permission to do— any of those things. [read post]
10 Sep 2009, 5:08 pm
" The acronym "DIP" stands for "Debtor in possession" and refers to the company that filed the Chapter 11 case. [read post]
12 Jun 2023, 11:30 pm
Thus, the words ‘full management control’ found in s140(1)(a) of the Companies Act must be interpreted as including the power to vote for or against a plan for a debtor company. [read post]
5 Aug 2014, 10:07 am
In both cases the goods were loaded on the vessel of the port of shipment more than 20 days before the debtor filed bankruptcy, but the debtor took physical possession of the goods in the United States during this 20-day period. [read post]
