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15 Sep 2010, 9:45 am by Joseph C. McDaniel
But while unsecured creditors (credit card creditors, medical bill creditors, and personal loan creditors are usually in this category) generally get depressed and go to sleep after a filing, and might file a proof of claim in the case so if there's a distribution they might get paid a few pennies on the dollar, other sorts of creditors may move faster. [read post]
6 Sep 2010, 4:01 pm by Randall Reese
The members of the Creditors' Committee are: McDonnel Corp. [read post]
3 Sep 2010, 9:20 am by Joseph C. McDaniel
FIND AN ARIZONA BANKRUPTCY ATTORNEY WHO IS BOARD CERTIFIED IN BANKRUPTCY LAW, AV RATED, AVVO 10 RATED, ON SUPERLAWYERS, OR JUST VERY EXPERIENCED AND A FORMER CHAIR OF SOME BANKRUPTCY SECTION OR COMMITTEE. [read post]
30 Aug 2010, 2:46 pm by Joseph C. McDaniel
I periodically talk to really smart people who have a new religion; the belief in an all-powerful, all-benevolent personal Chapter 11 Bankruptcy, which will permit an individual to manifest an all-powerful ability to force both secured creditors and unsecured creditors to negotiate! [read post]
25 Aug 2010, 4:02 pm by Randall Reese
The United States Trustee announced the membership of the Official Committee of Unsecured Creditors appointed in the bankruptcy cases of Riviera Holdings Corporation and its affiliates. [read post]
17 Aug 2010, 6:13 am by Scott Sagaria
In all Chapter 11 proceedings, a creditors' committee represents the majority of the unsecured creditors, and negotiates the best possible payment options for them. [read post]
17 Aug 2010, 6:00 am
Small Business Chapter 11 In some smaller cases the U.S. trustee may be unable to find creditors willing to serve on a creditors' committee, or the committee may not be actively involved in the case. [read post]
16 Aug 2010, 12:18 am by Randall Reese
On Friday, the United States Trustee for Region 12 filed a notice identifying the members of the Official Committee of Unsecured Creditors appointed in the bankruptcy case of Veblen East Dairy Limited Partnership. [read post]
16 Aug 2010, 12:05 am by Randall Reese
The United States Trustee for Region 3 announced the membership of the Official Committee of Unsecured Creditors appointed in the bankruptcy cases of Universal Building Products, Inc. and its affiliates. [read post]
12 Aug 2010, 7:57 am
The committee is appointed by the U.S. trustee and ordinarily consists of unsecured creditors who hold the seven largest unsecured claims against the debtor. 11 U.S.C. [read post]
11 Aug 2010, 4:50 pm by Randall Reese
The Official Committee of Unsecured Creditors for Trade Secret, Inc. and its affiliates filed applications today seeking court authority to retain legal counsel and financial advisors. [read post]
9 Aug 2010, 4:51 pm by Randall Reese
The United States Trustee announced the appointment of the Official Committee of Unsecured Creditors in the American Safety Razor Company bankruptcy cases last week. [read post]
3 Aug 2010, 8:56 am by Joseph C. McDaniel
Sorry.A creditor is not a creditor if that creditor was paid in full, and is therefore owed no money whatsoever; then a creditor is no longer a creditor, and does not have to be listed as a creditor.ON THE OTHER HAND, now the credit card creditor has received a preference payment, if we file a bankruptcy case for you within 90 days (if it's an ordinary unsecured creditor, like a credit card) or within a year (if the… [read post]
2 Aug 2010, 4:29 pm by Randall Reese
Interestingly, the Official Committee of Unsecured Creditors appointed in the chapter 11 cases initially sought conversion of the cases in October of last year (for more on that motion, please see an earlier post). [read post]
30 Jul 2010, 3:34 pm by Randall Reese
" The Official Committee of Unsecured Creditors appointed in the cases asked the bankruptcy court to appoint a chapter 11 trustee or, alternatively, an examiner in a motion filed earlier this month. [read post]
29 Jul 2010, 12:44 am by Randall Reese
The Acting United States Trustee for Region 2 identified the members of the Official Committee of Unsecured Creditors appointed in the chapter 11 bankruptcy cases of Innkeepers USA Trust and its affiliates on Wednesday. [read post]
26 Jul 2010, 4:21 pm by Joseph C. McDaniel
You learn how an unsecured creditor becomes a judgment creditor, and how it then becomes a lien holder if it takes the next steps. [read post]
21 Jul 2010, 8:54 am by Joseph C. McDaniel
In specific, if your unsecured debt is about as much as you make in a year, there's an excellent chance that you'll be filing a bankruptcy of some sort, because the numbers just don't work. [read post]
14 Jul 2010, 4:10 pm by Randall Reese
Point Blank Solutions Creditors' Committee Seeks Trustee Also yesterday, the Official Committee of Unsecured Creditors appointed in the chapter 11 cases of Point Blank Solutions Inc. and its affiliates asked the Delaware bankruptcy court to appoint a chapter 11 trustee for the companies (or, if the court is not inclined to appoint a trustee, to appoint an examiner). [read post]