Search for: "The Official Committee of Unsecured Creditors" Results 1 - 20 of 311
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18 Mar 2024, 5:23 pm by Karina Lytvynska
Besides ticket sales, its income relied on an endowment and contributions.[18] The Opera filed for Chapter 11 bankruptcy in 2013 after an unsuccessful fundraising effort and an accumulated $44 million deficit.[19] Significant losses included a structural deficit since 2003 and endowment losses in 2008.[20] Creditors ranged from the New York City Ballet to former chorus members to ticket holders for canceled shows.[21] In October 2013, the general manager filed a voluntary bankruptcy… [read post]
2 Dec 2023, 10:40 am by Amy Howe
Purdue Pharma and the Official Committee of Unsecured Creditors, a committee appointed by the trustee to represent the interests of creditors who do not hold a share of Purdue Pharma’s property, insist that they do not. [read post]
24 Nov 2023, 7:38 am by CMS
The idea behind the concept is that in international insolvency, English courts, where possible, should cooperate with foreign office holders to distribute assets to creditors. [read post]
Judge John Dorsey of the United States Bankruptcy Court District of Delaware rejected in part and ruled in favor in part of a motion Friday by bankrupt cryptocurrency trading company FTX’s debtors and the Official Committee of Unsecured Creditors requesting the company’s customer list stay private. [read post]
15 Mar 2023, 2:15 pm by Sherin and Lodgen
Yesterday FDIC posted updated FAQs on its website providing additional details for its depositors, borrowers and creditors. [read post]
15 Mar 2023, 2:15 pm by ngritacco
Yesterday FDIC posted updated FAQs on its website providing additional details for its depositors, borrowers and creditors. [read post]
10 Mar 2023, 12:54 pm by Kalvis Golde
Ad Hoc Committee of OpCo Unsecured Creditors 22-772Issue: Whether an unwritten “solvent-debtor exception” overrides the Bankruptcy Code’s statutory text and allows creditors in solvent-debtor cases to recover amounts that the code disallows. [read post]
30 Dec 2022, 4:05 am by Howard Friedman
According to an Open Letter from the Official Committee of Unsecured Creditors recommending that abuse victims vote to accept the plan:Under the Plan, the Debtor, its affiliates and their insurers will create a settlement fund of approximately $121.5 million (the “Settlement Amount”) upon the effective date of the Plan. [read post]
15 Dec 2022, 8:00 am by CFM Admin
December 2022 Clients, Friends, Associates: As we near the end of 2022, we have highlighted some recent industry updates that we believe may impact our clients. [read post]
15 Dec 2022, 4:00 am by CFM Admin
December 2022 Clients, Friends, Associates: As we near the end of 2022, we have highlighted some recent industry updates that we believe may impact our clients. [read post]
5 May 2022, 9:01 pm by Kate Waldock
One option is to encourage the formation of two separate Official Committees of unsecured creditors such as a bondholders’ committee as well as a committee for other general unsecured creditors. [read post]
28 Apr 2022, 4:00 am by Paul J. Winterhalter
In the normal chapter 11 case, quite often, the larger unsecured creditors are permitted to band together and form an official recognized committee to be authorized to negotiate their best treatment from the debtor. [read post]
28 Apr 2022, 4:00 am by Paul J. Winterhalter
In the normal chapter 11 case, quite often, the larger unsecured creditors are permitted to band together and form an official recognized committee to be authorized to negotiate their best treatment from the debtor. [read post]
31 Mar 2022, 7:00 pm by Daniel Jin
Secured creditors traditionally have a very strong position under Dutch insolvency law (provided that, in light of a Dutch Scheme, the rights of secured creditors could potentially be affected), with the Netherlands considered to be among the most secured creditor-friendly jurisdictions in Europe. [read post]
10 Mar 2022, 6:21 pm by Andrews & Thornton
” Arik Preis, a lawyer for the official committee of unsecured creditors in the Purdue bankruptcy, which includes individual victims and other parties, said that Dr. [read post]
12 Oct 2021, 8:59 am by Melissa Jacoby
Ryan Hampton, author of a book about the Purdue Pharma bankruptcy published earlier this month, is a "national addiction recovery advocate, community organizer, author, and person in long-term recovery" who also was a member of the Purdue Pharma bankruptcy official unsecured creditors' committee. [read post]
12 Oct 2021, 8:59 am by Melissa Jacoby
Ryan Hampton, author of a book about the Purdue Pharma bankruptcy published earlier this month, is a "national addiction recovery advocate, community organizer, author, and person in long-term recovery" who also was a member of the Purdue Pharma bankruptcy official unsecured creditors' committee. [read post]
20 Mar 2020, 2:04 pm by Andrews & Thornton
  She represents her clients as counsel to the Co-Chair of the Official Committee of Unsecured Creditors in Purdue Pharma (In re Purdue Pharma L.P., Bankruptcy No. 19-23649, Chapter 11) She has served to represent victims in eight major bankruptcies. [read post]
19 Mar 2020, 10:35 am by Chris Wesner
The Debtors do not identify those creditors, arguing that doing so would create a “run on the bank” while eliminating any leverage the Debtors have in their negotiations with the creditors. [read post]
21 Feb 2020, 11:17 am by Adam Levitin
As a result, official committees are unlikely to be the catalyst for a venue transfer motion. [read post]