Search for: "The Unsecured Creditors Committee" Results 21 - 40 of 575
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12 Dec 2022, 1:05 am by Aaron Moss
Here, the debtors-in-possession (Campbell and Luke Records) and the estates’ Unsecured CreditorsCommittee (representing the creditors who were owed money) created a joint plan to pay the bankruptcy estates’ debts. [read post]
30 Nov 2022, 5:50 am by Albena Petrakov, Esq.
The Debtors’ position, supported by the senior secured lender, equity owner of Alto Maipo, the parties to a restructuring support agreement and the unsecured creditor’s committee, was that the requested relief was in rem because (i) the Court had statutory in rem jurisdiction over all property of the Debtors’ estates, wherever located, under 28 U.S.C. [read post]
29 Nov 2022, 3:15 am by Liz Dunshee
The part of the petition that caught my eye is that the SEC is one of the largest creditors! [read post]
16 Nov 2022, 8:55 am by Edelboim Lieberman Revah PLLC
The creditorscommittee is typically comprised of the debtor’s seven largest unsecured creditors, and the creditorscommittee can (and generally should) engage legal counsel to ensure adequate representation of all creditors’ rights. 3. [read post]
21 Jul 2022, 7:02 am by dparker
” In essence, in the event of Coinbase’s bankruptcy, its customers’ crypto assets may not be returned, and such clients could be treated as general unsecured creditors, meaning they would not have a claim to specific crypto assets held with Coinbase and could only recover the value of their crypto assets to the extent the bankruptcy estate has assets remaining after more senior claims are satisfied. [read post]
21 Jul 2022, 3:02 am by Danielle Parker
” In essence, in the event of Coinbase’s bankruptcy, its customers’ crypto assets may not be returned, and such clients could be treated as general unsecured creditors, meaning they would not have a claim to specific crypto assets held with Coinbase and could only recover the value of their crypto assets to the extent the bankruptcy estate has assets remaining after more senior claims are satisfied. [read post]
20 Jun 2022, 3:00 am by michael
However, in a Chapter 11 bankruptcy, the debtor’s top creditors will assemble a committee. [read post]
For example, the largest U.S. centralized exchange recently disclosed that its users would be at risk of becoming unsecured creditors if the exchange were to file for bankruptcy. [read post]
5 May 2022, 9:01 pm by Kate Waldock
One option is to encourage the formation of two separate Official Committees of unsecured creditors such as a bondholders’ committee as well as a committee for other general unsecured creditors. [read post]
11 Apr 2022, 3:45 am by NWDRLF
Trustee encourages interested unsecured creditors to organize a creditorscommittee and play an active role in pushing the case forward. [read post]
31 Mar 2022, 7:00 pm by Daniel Jin
Secured creditors traditionally have a very strong position under Dutch insolvency law (provided that, in light of a Dutch Scheme, the rights of secured creditors could potentially be affected), with the Netherlands considered to be among the most secured creditor-friendly jurisdictions in Europe. [read post]
18 Mar 2022, 6:00 am by Christopher G. Hill
Creditor’s committees, secured versus unsecured, even where the courthouse is are all things someone who knows their way around the Bankruptcy Courthouse can help you navigate. [read post]
10 Mar 2022, 6:21 pm by Andrews & Thornton
” Arik Preis, a lawyer for the official committee of unsecured creditors in the Purdue bankruptcy, which includes individual victims and other parties, said that Dr. [read post]
12 Oct 2021, 8:59 am by Melissa Jacoby
Ryan Hampton, author of a book about the Purdue Pharma bankruptcy published earlier this month, is a "national addiction recovery advocate, community organizer, author, and person in long-term recovery" who also was a member of the Purdue Pharma bankruptcy official unsecured creditors' committee. [read post]
12 Oct 2021, 8:59 am by Melissa Jacoby
Ryan Hampton, author of a book about the Purdue Pharma bankruptcy published earlier this month, is a "national addiction recovery advocate, community organizer, author, and person in long-term recovery" who also was a member of the Purdue Pharma bankruptcy official unsecured creditors' committee. [read post]
29 Sep 2021, 8:11 am by Dan Bressler
“The unsecured creditorscommittee applied to retain Law Firm as counsel to the committee. [read post]
10 Jun 2021, 4:05 pm by Nicholas Gebelt
This Committee firmly rejected the idea of mandatory or involuntary chapter XIII in the 90th Congress. [read post]
21 Apr 2021, 12:24 pm by Lydia Estep
Some of those benefits include (a) not having a committee of unsecured creditors appointed (except for cause, after notice and a hearing) whose attorney’s fees would be paid by the debtor’s estate, (b) 90 days from the petition date for the debtor to file a plan, (c) elimination of the ability of other parties to file a competing plan, (d) a much easier road to confirmation of a Chapter 11 plan with elimination of the absolute priority rule and the… [read post]