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18 Jan 2007, 4:43 pm
DID YOU KNOW that the Bankruptcy Code allows compensation to creditors from estate assets for their expenses incurred while assisting the prosecution of a bankruptcy crime? [read post]
14 Dec 2008, 9:42 am
A Fistful of Dollars: Hedge Funds, Private Equity and Bankruptcy The presence of hedge funds and private equity in bankruptcy has become more prevalent in recent years, altering, sometimes dramatically, the outcome of troubled companies' reorganization efforts. [read post]
21 Oct 2023, 5:55 am by Russell Knight
Department of Revenue, 2019 IL App (1st) 182197, ¶ 26 “It is a fundamental and wholesome provision of the law which requires a trustee must act in good faith in the administration of his trust, and that requirement means that he must act honestly and with finest and undivided loyalty to his trust” Sauvage v. [read post]
20 Jan 2015, 10:23 am by Dheeraj K. Singhal
Many paralegals are highly skilled in preparing petitions since it is mostly entry of information and can answer administrative questions. [read post]
4 Dec 2008, 6:16 pm
Food and Drug Administration denied the company's application to sell and market the drug last year, according to this story in the Austin American-Statesman. [read post]
2 Mar 2022, 10:18 am by Allen Graves
Incomes exempt from garnishment include social security disability benefits, workers compensation, unemployment benefits, pensions, retirement plan income, and veteran’s administration benefits. [read post]
15 Dec 2017, 6:43 am by Cannabis Law Group
This article follows up on a memo issued by the same officials in April, urging private trustees in charge of administration of bankruptcy cases to report any cannabis activity to the DOJ. [read post]
31 Mar 2009, 10:35 am
In the United Kingdom, only individuals and partnerships can file for bankruptcy, corporations must file for a liquidation or administration. [read post]
21 Aug 2019, 4:29 am by Charles Sartain
Administrative claims and priority status Administrative claims are claims that arise post-bankruptcy and constitute “the actual, necessary costs and expense of preserving the estate. [read post]
31 Mar 2020, 9:00 am
In an opinion issued on March 24, 2020, the District Court for the District of Delaware held that pre-petition environmental fines accrued by Exide Technologies were dischargeable debts in Exide’s Chapter 11 bankruptcy case and that penalties that Exide accrued during the pendency of its bankruptcy case were not entitled to administrative priority. [read post]
17 Feb 2009, 9:08 pm
A bankruptcy judge in the Northern District of Ohio has forbidden a creditor from using information on its own electronic database to prove an administrative claim against a debtor's estate because it refused to provide the debtor with access to the database throughout the discovery process By Patrick Ryan In re LTV Steel Co., 307 B.R. 37 continue… [read post]
11 Jan 2011, 8:30 am
[SCOTUSblog backgrounder] that debtors who apply for Chapter 13 bankruptcy cannot use a car payment as a deduction from their repayment plan if the debtor has paid off the automobile. [read post]
2 Sep 2011, 11:51 am by sustainabilitypepper
Several prominent U.S. solar manufacturers — such as Solyndra and others singled out by the Obama Administration as examples of preferred “green energy” production projects — have filed for reorganization under protection of the bankruptcy laws in recent weeks. [read post]
2 Aug 2022, 3:30 am by Jaclyn Neo
Sofia Ranchordás, Empathy in the Digital Administrative State, 71 Duke L. [read post]
10 Sep 2009, 3:32 am
Judge Judith Boulden of the United States Bankruptcy Court for the District of Utah entered an order yesterday converting the chapter 11 bankruptcy case of PWJ Holdings, LLC to a chapter 7 case. [read post]
9 May 2021, 11:18 am by Robert Manchel
Your small business could qualify for a loan backed by the Small Business Administration. [read post]
19 Feb 2007, 10:53 pm
A couple of months ago I posted on the new "20 day goods" administrative claim enacted as part of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 ("BAPCPA"). [read post]