Search for: "Creditors Recovery Corporation"
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16 Oct 2011, 6:42 pm
Bankruptcy Court, Northern District of Florida, Panama City Division.Bankruptcy -- Unclaimed funds -- Release of funds -- Funds locators as alleged assignees of former debtors, whose assets were fully administered and distributed in Chapter 11 liquidating plans confirmed several years ago, filed applications to withdraw funds deposited into court's registry, representing distributions in liquidating plan unclaimed by creditors entitled to the funds -- After confirmation of liquidation… [read post]
14 Oct 2011, 7:49 am
Sept. 21, 2011), the Third Circuit considered (i) whether the Official Committee of Unsecured Creditors (the “Committee”) was able to demonstrate material factual issues to support a “deepening insolvency” claim (which is a claim alleging the fraudulent increase in corporate debt or prolongation of the corporation’s existence after it is insolvent) and (ii) whether the application of the business judgment rule and the in pari delicto doctrine… [read post]
13 Oct 2011, 2:31 pm
§ 11701.101 et seq. (2011), the “Municipalities Financial Recovery Act”) exists for municipal bankruptcies. [read post]
10 Oct 2011, 11:14 am
Nationwide Recovery Systems: Commingling trust account funds collected for creditors with the agency’s operating fund, thereby engaging in an act or practice that demonstrated the firm was untrustworthy, financially irresponsible, or otherwise incompetent. [read post]
9 Oct 2011, 12:56 pm
The IRS may have a more cordial view now that the prospect of recovery has been made a bit dimmer and losses more likely to be supportable. [read post]
8 Oct 2011, 4:36 am
The term does not include – (A) any officer or employee of a creditor while, in the name of the creditor, collecting debts for such creditor; (B) any person while acting as a debt collector for another person, both of whom are related by common ownership or affiliated by corporate control, if the person acting as a debt collector does so only for persons to whom it is so related or affiliated and if the principal business of such person is not the collection… [read post]
3 Oct 2011, 4:41 pm
And if no DIP lender appeared, might that fact serve as a signal about the arguable lack of wisdom in subordinating to any other creditor? [read post]
3 Oct 2011, 2:45 am
Vincent Paul, (2011) 4 SCC 171 the Supreme Court found that there were no rules or guidelines framed by the Kerala Financial Corporation for sale of properties. [read post]
30 Sep 2011, 7:19 am
What won't work, according to Schwab Responding to President Obama's Sept. 8 jobs speech, Schwab agrees with Obama that "our recovery will be driven not by Washington, but by our businesses and our workers. [read post]
29 Sep 2011, 7:51 am
” This provision allows creditors to seek recovery of their claim in instances when a debtor may be trying to unfairly divert funds away from legitimate creditors. [read post]
10 Sep 2011, 1:32 pm
Sections 2 and 5 also limit the recovery of a creditor who acquired the right to obtain payment for an obligation secured by the real property from another person who owned that obligation. [read post]
6 Sep 2011, 12:56 pm
Chapter 11 cost comes in two flavors: the out of pocket cost of the professionals and the cost to creditors that is reflected in their recovery. [read post]
6 Sep 2011, 9:55 am
The restrictions are set forth in Sections 500 to 509 of the California Corporations Code, and are commonly referred to collectively as “Section 500.[1]” These provisions are designed to protect the interests of creditors and senior equity holders against transactions that might undermine their seniority in the capital structure. [read post]
4 Sep 2011, 7:05 am
" Many corporations are also cutting and hoarding. [read post]
4 Sep 2011, 7:04 am
” Many corporations are also cutting and hoarding. [read post]
24 Aug 2011, 2:00 am
The Parties’ Positions The Trustee’s method for calculating “net equity” under SIPA, known as the Net Investment Method, limits recovery to net losers. [read post]
1 Aug 2011, 5:41 am
In the aftermath of this decision, every corporation will be inserting class action waivers into their arbitration clauses, if they haven’t already, and may be emboldened to go much further. [read post]
21 Jul 2011, 4:15 am
Using available funds to pay other creditors when the business is unable to pay the employment taxes is an indication of willfulness. [read post]
20 Jul 2011, 6:50 am
Equity is variable – variable recovery, variable timing. [read post]
7 Jul 2011, 2:47 am
” In re Bank of New England Corporation, 2011 U.S. [read post]
