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29 Jan 2014, 9:38 pm
If a trustee or debtor assumes a construction contract, the debtor’s bankruptcy estate becomes bound by the contract, and all amounts owed thereafter by the debtor under the contract are usually entitled to be paid in full as administrative expenses. [read post]
30 Nov 2009, 1:15 am
Bankruptcy cases filed in the U.S. federal courts continued to surge in the twelve months ended September 30, 2009, according to statistics released on November 25, 2009 by the Administrative Office of the U.S. [read post]
26 Sep 2017, 5:00 am
District Court judges are more likely to affirm the Bankruptcy Court’s decision (30% of cases pending since 2009) than to reverse, remand and/or vacate (7%) The most common issues in bankruptcy appeals include Administration, Objection to Proof of Claim, and Dismissal and Conversion. [read post]
26 Sep 2017, 5:00 am
District Court judges are more likely to affirm the Bankruptcy Court’s decision (30% of cases pending since 2009) than to reverse, remand and/or vacate (7%) The most common issues in bankruptcy appeals include Administration, Objection to Proof of Claim, and Dismissal and Conversion. [read post]
22 May 2009, 4:48 pm
If the creditor is owed a post-bankruptcy administrative expense that the debtor has not agreed to pay in the ordinary course of its business the creditor will want to file a motion for allowance and payment of an administrative expense with the bankruptcy case. [read post]
17 Apr 2007, 2:29 pm
At long last, the Administrative Office of the Courts yesterday released the fourth quarter and annual 2006 bankruptcy filing statistics; the headline on the Courts' press release reads, "Bankruptcy Filings Plunge in Calendar Year 2006". [read post]
24 Oct 2011, 9:21 am
The good news is that the Social Security Administration has announced that next year, for the first time since 2009, there will be a cost of living adjustment in Social Security benefits in the amount of 3.6%. [read post]
9 Aug 2010, 7:20 am
Step 4: File the Chapter 7 bankruptcy petition in the bankruptcy court serving your district. [read post]
15 Oct 2017, 11:53 am
Meanwhile, there are approximately 800,000 bankruptcies filed every year, according to the Administrative Office of the U.S. [read post]
20 May 2015, 2:03 pm
Joint Administration Motion at 2-4. [read post]
30 Sep 2019, 9:14 am
According to the Small Business Administration (SBA), the average survival rate of a small business at five years is only 48.2 percent. [read post]
18 Nov 2022, 4:46 pm
Discharging Student Loans Just Got Easier The Biden Administration recently announced new guidance for the Department of Justice for handling Federal Student Loans in Bankruptcy. [read post]
15 Mar 2018, 7:38 am
Mortgages from the Veterans Administration (VA) are easier to obtain. [read post]
10 Oct 2011, 11:08 pm
The exact day you file your bankruptcy petition can make quite a difference in the administration of your case. [read post]
4 Dec 2023, 7:25 am
“Supreme Court tackles Sackler family liability protections in opioid settlement; The Biden administration is questioning a bankruptcy plan that lets the Sackler family avoid future lawsuits related to the opioid epidemic”: Lawrence Hurley of NBC News has this report. [read post]
3 Mar 2009, 7:40 pm
Under bankruptcy law, a “domestic support obligation” is any debt incurred before or after a bankruptcy filing that is owed to or recoverable by a spouse, former spouse, child or governmental unit; in the nature of alimony, maintenance or support; and established pursuant to the terms of a divorce decree, separation agreement, property settlement agreement, court order or administrative determination. [read post]
27 Apr 2016, 1:40 pm
Paladin’s liabilities include over $22 million owed under a 2008 Credit Facility with MUFG Union Bank N.A. as administrative agent, and trade debt. [read post]
6 Jun 2016, 12:13 pm
For more information on the Thompson & Knight’s Bankruptcy and Restructuring Practice, please visit www.tklaw.com/bankruptcy-and-restructuring/. [read post]
4 Aug 2016, 12:26 pm
For more information on the Thompson & Knight’s Bankruptcy and Restructuring Practice, please visit www.tklaw.com/bankruptcy-and-restructuring/. [read post]
8 Mar 2021, 6:30 am
Administrative expenses are accorded an even higher priority in the bankruptcy proceeding than wages that were owed prior to the company filing for bankruptcy. [read post]
