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4 May 2021, 6:13 am
Mainly relating to the voting process by classes of creditors on the draft safeguard or rehabilitation plan, this pending reform is expected to provide for the set-up of more homogeneous classes of creditors and the possibility, under certain conditions, which are still to be determined, to impose on dissenting classes a plan that was accepted by one class of creditors only (cross class cram down), similar to what is provided for in the context of a US… [read post]
4 May 2021, 3:21 am
BTI argued “that directors owe a duty to consider the interest of creditors in any case where a proposal involves a real, as opposed to a remote, risk to creditors”. [read post]
3 May 2021, 12:07 pm
Raleigh, NC Business, Construction, & Creditor's Rights AttorneysVaried backgrounds and expertise of dedicated attorneys and staff providing clients with effective and efficient legal advice and representation throughout North Carolina. [read post]
3 May 2021, 1:00 am
This appeal will consider whether the trigger for the directors’ duty to consider creditors is merely a real risk of, as opposed to a probability of or close proximity to, insolvency. [read post]
2 May 2021, 9:58 pm
The proceeds will be allocated to your creditors based on the payment plan. [read post]
2 May 2021, 8:01 am
Chem Rx subsequently filed for bankruptcy and unsecured creditors and shareholders filed claims against Paramount’s board of directors arguing that the board of directors breached their fiduciary duties by acquiring Chem Rx. [read post]
30 Apr 2021, 3:58 pm
In Purdue, the UST is focused on a measly million of fees, and is AWOL on the issues that affect billions in creditor recoveries. [read post]
30 Apr 2021, 10:58 am
My gym filed a creditor proposal this week. [read post]
29 Apr 2021, 11:31 pm
The proceeds of the sale will then be used to pay the creditors. [read post]
29 Apr 2021, 10:00 am
A debt collection agency is a separate company that many lenders and creditors use to facilitate the retrieval of unpaid debts from consumers. [read post]
29 Apr 2021, 6:50 am
The lien notice is an alert to creditors that the government has legal rights to your property. [read post]
29 Apr 2021, 5:01 am
In the worlds of data protection and privacy, too often there is a decoupling of national security issues and what might be termed non-national security issues despite the clear interplay between the two realms. [read post]
28 Apr 2021, 11:53 am
Based on the new general QM rule’s original mandatory compliance date of July 1, 2021, for applications received on or before June 30, 2021, creditors could rely on the original general QM rule, the new general QM rule, or the temporary QM rule based on a loan being eligible for sale to Fannie Mae or Freddie Mac (often referred to as the “GSE Patch”), as long as Fannie Mae and Freddie Mac did not exit conservatorship. [read post]
28 Apr 2021, 10:35 am
If a creditor already has a judgment against you, even more than 10 years ago, they can garnish right now! [read post]
28 Apr 2021, 10:23 am
If the debtor is not eligible for a Chapter 7 the means test will calculate the disposable income available to repay creditors in a Chapter 13 bankruptcy. [read post]
27 Apr 2021, 9:41 am
Some people with creditor concerns have significant amounts of cash held in banks or... [read post]
27 Apr 2021, 5:30 am
” Enron’s fraud cost investors over $60 billion, and that does not consider losses to customers, employees, vendors and creditors, or the distrust it caused in the capitalist system. [read post]
26 Apr 2021, 2:35 pm
However, it is possible the rule could influence how a state regulator or court might apply a state debt collection law that applies more broadly to creditors and incorporates FDCPA prohibitions. [read post]
26 Apr 2021, 10:34 am
If the debtor is not eligible for a Chapter 7 the means test will calculate the disposable income available to repay creditors in a Chapter 13 bankruptcy. [read post]
26 Apr 2021, 7:45 am
And a bankruptcy lawyer is your resource after you get your discharge about how your old debts appear on your credit report, and what to do if old creditors try to collect from you afterwards. [read post]
