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17 Mar 2009, 6:08 am
They are: when the purpose of the reorganisation is deemed to have been achieved, if the company requests a termination and a decision to proceed to composition has not been passed, if the company fails to participate in the creditors’ meeting, if the administrator or a creditor so requests and the purpose of the reorganisation is deemed not to be possible to achieve and if a special cause otherwise exists for a termination. [read post]
23 Feb 2007, 8:00 pm
It is construed as the full transfer of a proprietary right by the debtor to the creditor, under the condition subsequent of satisfaction of the obligation the collateral is to secure. [read post]
24 Feb 2010, 7:48 pm
One of the most contentious issues was the creditor’s petition threshold. [read post]
5 Nov 2009, 2:00 pm
The Trustree's role is to protect your creditors. [read post]
19 Feb 2011, 4:16 am
It is the debtor's responsibility to turn assets into cash if needed in order to pay the minimum amount that it is determined their creditors must receive during the case. [read post]
30 Jul 2007, 7:00 am
Meetings of creditors, also known as "341 meetings," are scheduled about 4-6 weeks after filing a bankruptcy petition. [read post]
18 Feb 2008, 9:42 am
But corporations perform another function, which may be even more important for startups: corporations shield the corporate assets contributed by one shareholder from being raided by the creditors of other shareholders. [read post]
15 Feb 2020, 3:05 pm
The motion was joined by the creditors committee and one of the debtor in possession's largest debt holders. [read post]
18 Mar 2011, 4:39 am
In order to do so, the debtor must pay its unsecured creditors 100% in full or ask permission from the court. any times, it is in the debtor's best interest to convert the case over to a Chapter 7 if the plan payments are not affordable. [read post]
1 Dec 2006, 9:30 am
In the beginning of November, four creditors owed $1.4 million initiated an involuntary bankruptcy against Pennsylvania bottled water producer Le-Nature. [read post]
4 Oct 2012, 7:30 am
This allows the liquidator to come to arrangements with creditors of the firm. [read post]
30 Dec 2010, 11:56 am
The overall scheme to rebuilding your credit is to make payments on time to as many creditors as you can. [read post]
6 Apr 2016, 10:40 am
The question is whether it is playing against the House of Representatives, and its heavy handed PROMESA draft bill, or its creditors. [read post]
19 Apr 2010, 4:05 am
The creditor continued proceedings against the debtor in a Rabbinical court after the bankruptcy petition had been filed and the stay took effect. [read post]
10 May 2011, 9:00 am
It is, what should I wear to my first meeting of creditors? [read post]
22 Jan 2009, 1:00 pm
If the debt collector or bill collector is not the original creditor, then ask for proof that the original creditor has sold its debt to the collection agency.Section 809 (U.S.C. [read post]
1 May 2009, 5:46 pm
From this trustee’s point of view, it was more important for the creditors to be paid quickly than it was that the creditors were being paid in full over the term of the plan. [read post]
28 Nov 2017, 5:20 pm
Creditors Win Big on Michael Vick Because of how the Chapter 11 bankruptcy was arranged, his creditors received almost every penny they were owed. [read post]
21 May 2015, 6:14 am
Creditors While not always the case, creditors are the ones that most often object to a discharge. [read post]
5 Mar 2012, 11:56 am
I have rarely seen creditors or trustees challenge homestead exemptions under th 10 year fraud provision. [read post]
