Search for: "Debtors and Debtors in Possession"
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13 Dec 2011, 5:51 am
Should debtor persist that no payment will be made without a review of paperwork he believes you possess, reconsider your position and realize you will not prevail if you go to court with the lack of paperwork. 5. [read post]
22 Jul 2009, 6:19 am
” The courtconceded that suits by debtors-in-possession are for the benefit of their creditors, but ruled that under the terms of the insurance policy the corporation was an insured even as a debtor-in-possession. [read post]
7 Oct 2019, 7:46 am
A very common example of such is garnishment of a debtor’s wages from his employer, or garnishment of a debtor’s bank account. [read post]
7 Oct 2019, 7:46 am
A very common example of such is garnishment of a debtor’s wages from his employer, or garnishment of a debtor’s bank account. [read post]
26 May 2021, 9:47 am
A creditor with a perfected security interest in collateral can take possession of the asset(s) in two ways. [read post]
2 Jul 2012, 3:42 pm
When a debtor files for chapter 7 or chapter 13 bankruptcy, they are allowed certain protections under the bankruptcy code. [read post]
11 Oct 2010, 11:56 am
This is no different then the legal theory “you can only give title to what you own”.What this Debtor did was simply allow the IRS to take his tax refund and hold it in their possession until such time as he may need to pay taxes in the future. [read post]
17 Aug 2010, 6:13 am
The business becomes a debtor in possession, maintaining control and ownership of their assets and continuing their regular operations. [read post]
15 Jun 2016, 4:16 am
This sometimes involves taking possession of the secured assets. [read post]
21 Aug 2019, 4:29 am
The Fifth Circuit balanced the debtor’s interest in minimizing the costs of administering its estate with a counterparty’s economic interest in its property sitting idle in the debtor’s possession. [read post]
19 Oct 2009, 10:11 pm
Furthermore, Black’s Law Dictionary provides that “acquire” means “[t]o gain possession or control of; to get or obtain. [read post]
10 Nov 2009, 4:06 pm
The company, headquartered in Phoenix, sought court approval for a $6.75 million debtor-in-possession (or DIP) financing facility to be provided by Wells Fargo Bank, N.A. [read post]
18 Jul 2017, 12:05 pm
In addition to these domestic support obligations, a chapter 7 debtor cannot discharge other debts owed to a spouse, former spouse, or child of the debtor which arise from a divorce decree or separation agreement under 11 U.S.C. [read post]
11 Jun 2020, 12:32 pm
Some of the normal Chapter 11 requirements, such as monthly operating reports, special Debtor in Possession bank accounts and supervision by special Trustees provide protection to creditors and parties in interest. [read post]
30 Dec 2016, 10:07 am
If a debtor falls behind with the payments, the finance company may file a state court civil action to obtain possession of the jewelry, but can never purse a civil action to collect any money that is due on the debt. [read post]
28 Nov 2010, 11:32 pm
On November 22, 2010, BNA Subsidiaries, LLC filed a notice with the Delaware bankruptcy court stating that it had reached an agreement with the lender for its debtor-in-possession (or DIP) financing facility on for the extension of a deadline set forth in the final order approving the financing facility. [read post]
25 Aug 2022, 7:00 am
New Financing Package Is Still No Guarantee of Financial Recovery for 27,000 L Bond Investors The Texas Southern Bankruptcy Court has approved a new debtor-in-possession financing package for GWG Holdings. [read post]
3 Feb 2010, 6:44 am
The bankruptcy estate consists of not only assets in the possession of the debtor but also their rights to stuff they don’t yet have. [read post]
17 Apr 2015, 5:42 am
Alcede to `deliver possession and control’ of `passwords for the Debtor's social media accounts, including but not limited to Facebook and Twitter’ to Mr. [read post]
19 Jan 2010, 9:14 pm
In fact, they are so emotionally attached that they cannot stand for a day to pass unless they have that particular home or particular car in their possession. [read post]
