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11 Apr 2013, 12:43 pm
This edition also reports on some of our recent representations, including for official committees of unsecured creditors in Chapter 11 cases involving major retailers and others, and our work for Chapter 11 debtors. [read post]
12 Jun 2007, 9:53 am
Cases like Cybergenics permit a court to give a creditors' committee derivative standing to sue on the estate's behalf. [read post]
28 Sep 2012, 9:14 am
Roberta is formerly general counsel of Advanta Bank and senior counsel of PNC Bank, N.A., and has held numerous leadership roles in the American Bar Association, including Chairperson of the International Subcommittee of the Consumer Financial Services Committee. [read post]
7 Feb 2019, 12:40 pm
The fifth bill, S-3415, would require the filing of certain contact information of creditors with a residential mortgage foreclosure complaint and pending legal action. [read post]
16 Oct 2009, 1:59 pm
The bill has currently been referred to the House Committee on Financial Services. [read post]
9 May 2008, 11:30 am
FN57.See Gheewalla, 930 A.2d at 103 (explaining that its rationale for not recognizing direct fiduciary duty claims by creditors was that “[d]irectors of insolvent corporations must retain the freedom to engage in vigorous, good faith negotiations with individual creditors for the benefit of the corporation”) (citing Production Resources, 863 A.2d. at 797). [read post]
30 Dec 2010, 7:40 pm
The creditors appointed to serve on the Committee are:International Paper Co.Commodity Specialists CompanyCargill Inc.Novus International Inc.Install Inc.The Creditors' Committee has selected the law firm of Lowenstein Sandler, PC as its proposed counsel (counsel appointment requires court approval, which has not yet been sought). [read post]
27 Oct 2013, 7:18 am
The Official Committee of Unsecured Creditors, et al., 2007 WL 542150 (S.D.Fla. 2007) the Court noted that voting on chapter 11 plan is governed by rules designed to insure the integrity and manageability of the voting process. [read post]
25 May 2012, 3:20 pm
I'm rarely able to physically attend these meetings, but always find time to read the excellent materials circulated to committee members. [read post]
11 Jul 2008, 2:28 pm
Financial institutions and creditors should take note - the mandatory compliance date for these rules is November 1, 2008. [read post]
7 Apr 2010, 2:47 pm
And if you're really lucky, the garnishing creditor also gets sued by the Chapter 7 Bankruptcy Trustee for receiving a preference in the 90 days prior to filing!! [read post]
9 Jul 2015, 4:10 am
Yesterday's Wall Street Journal reports that in a motion filed June 29 (full text), the Official Committee of Unsecured Creditors (representing victim claimants) presented the bankruptcy court with a seven-minute video urging victims to come forward before the deadline. [read post]
12 Jun 2007, 12:56 am
Among the key features are a court-appointed administrator, a creditors' meeting and creditors' committee, voluntary and creditor-initiated bankruptcy proceedings, and reorganization, liquidator, and settlement mechanisms. [read post]
19 Dec 2023, 9:05 pm
Unsecured debt of distressed companies is a popular investment for certain hedge funds, not least because it often allows the funds to serve on a distressed company’s unsecured creditors’ committee (UCC) shortly after the firm files for Chapter 11 bankruptcy. [read post]
30 Jun 2010, 3:03 pm
In 2008, Bayou's unsecured creditors' committee filed an arbitration claim against two Goldman units. [read post]
23 Dec 2013, 2:32 pm
Moore, the PSC and the Unsecured Creditors Committee under which the Cadden and Conigliaro families, the insurers of NECC and related company Ameridose, have promised to pay to a compensation fund an amount that may exceed $100 million. [read post]
1 Dec 2015, 8:08 am
It will be fascinating to see what the committee decides as it endeavors to balance the comments by the different constituencies, the consumer debtors, the consumer creditors, the Chapter 13 Trustees and the Bankruptcy Judges. [read post]
6 Jun 2014, 7:15 am
Gove, an ordinance would also provide that the creditor responsible for the residential property, if located out-of-state, would be responsible for appointing an in-State representative or agent to interact with the municipality. [read post]
13 Oct 2015, 6:37 am
As proposed in the 188th Report of the Maryland Standing Committee on Rules of Practice and Procedure, however, the bond isn’t without limits. [read post]
28 Mar 2018, 3:55 am
The EBA proposes that the Guidelines should apply to the new payment initiation service providers (PISPs) and account information service providers (AISPs) under the PSD2 and credit intermediaries and non-credit institution creditors under the MCD. [read post]
