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2 Mar 2021, 6:00 am
The tort claimants committee representing abuse victims in the process “has been frustrated with the response by local councils to requests for document production and information on their financial assets,” according to the AP, and has alleged that local councils are withholding information about its assets, including a $345.4 million note that the Boy Scouts claim is a restricted asset (and therefore unavailable to creditors), but which the tort claimants… [read post]
17 Feb 2021, 10:59 am
What's with the motion to reconstitute the Official Creditors' Committee? [read post]
11 Feb 2021, 4:00 am
According to WXOW News, the Catholic Diocese of Winona-Rochester, Minnesota which filed for bankruptcy reorganization in 2018 has agreed with its creditors' committee to settle clergy sex-abuse claims from 145 claimants for $21.5 million. [read post]
10 Feb 2021, 7:06 am
” The brief also argues that Regulation B has for nearly 50 years expressly provided that the term “applicant” includes those who have received credit from a creditor. [read post]
9 Feb 2021, 9:42 pm
It might also be possible for the Official Creditors Committee to pursue them derivatively. [read post]
20 Jan 2021, 6:48 am
” The post Opinion analysis: A narrow win for creditors appeared first on SCOTUSblog. [read post]
15 Jan 2021, 8:54 pm
First of all, it means that creditors must apply all necessary measures and concessions so that the debtor can return to pay. [read post]
15 Jan 2021, 4:56 pm
If he's too conflicted, that will mean that the court will either have to appoint a trustee or let a creditors' committee pursue the claims. [read post]
4 Jan 2021, 2:02 pm
U.S. businesses should raise their guard as well as encourage employees and others they deal with to avoid and take steps to avoid getting caught up in potentially fraudulent novel coronavirus (“COVID-19”) related or leveraged scams while also taking steps to ensure the defensibility of their own COVID-related dealings with respect to COVID relief programs and Federal Sentencing Guideline and other exposures heightened by the COVID-driven operational changes and events. [read post]
9 Dec 2020, 7:15 am
As with current law, the CBRA exempts certain property of the debtor from creditors' claims. [read post]
3 Dec 2020, 8:33 am
The Debtor, Creditors Committee and Wells Fargo agreed that the best way to pay creditors was to sell the Debtor’s assets as a going concern. [read post]
23 Nov 2020, 8:05 pm
The amendments address issues identified by an Advisory Committee made up of federal judges, bankruptcy attorneys, and others. [read post]
18 Nov 2020, 11:07 am
The Subchapter V trustee acts as a fiduciary for creditors, in lieu of an appointed creditors’ committee. [read post]
10 Nov 2020, 5:19 am
(The Committee is a group of private-market participants convened to ensure a successful transition from LIBOR.) [read post]
6 Nov 2020, 6:30 am
Schwarcz (Duke University), on Wednesday, November 4, 2020 Tags: Bonds, COVID-19, Debt securities, Debtor-creditor law, Financial crisis, Insurance, Risk, Securitization, Systemic risk Unions Are Democratically Organized, Corporations Are Not Posted by David Madland, Malkie Wall, and Danielle Root, Center for American Progress, on Wednesday, November 4, 2020 Tags: Boards of Directors, ESG, Human capital, Labor… [read post]
26 Oct 2020, 5:12 am
A draft report, which was prepared by MEP Lara Wolters (S&D) for the European Parliament Committee on Legal Affairs, illustrates what the prospective EU legal framework for corporate due diligence could potentially look like. [read post]
23 Oct 2020, 1:44 am
Statutory Debt Repayment Plan (SDRP): This measure builds on existing legislation to enable the Government to impose SDRPs on creditors and to provide for a charging mechanism by which creditors will contribute to the funding of the Breathing Space Scheme (both Breathing Space and the SDRP). [read post]
11 Oct 2020, 6:13 pm
., Oct. 9, 2020), a New Mexico federal bankruptcy court granted an unsecured creditors committee-- apparently representing primarily clergy sex abuse victims-- derivative standing to pursue claims that some $150 million in assets actually belong to the Archdiocese, not to individual parishes. [read post]
6 Oct 2020, 8:42 am
Creditors who grant and/or carry out servicing activities for certain mortgage loans (where debtors are individuals), are required to register with the BoS. [read post]
30 Sep 2020, 10:28 pm
A creditors’ committee ensures fair representation to the unsecured creditors. [read post]
