Search for: "Unsecured Creditors Committee " Results 381 - 400 of 576
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7 Mar 2010, 12:06 pm by Randall Reese
On Friday, the United States Trustee for Region 21 announced the appointment of an Official Committee of Unsecured Creditors in the Swoozie's Inc. bankruptcy case. [read post]
3 Mar 2010, 7:36 pm by Randall Reese
  Equity holders would still receive their pro rata share of $287,500 and, again, only if unsecured creditors voted in favor of confirmation of the plan. [read post]
1 Mar 2010, 9:35 am by Randall Reese
Embedded below, you will find a chart summarizing all of the professional retention applications filed by Official Committees of Unsecured Creditors during the month of February (through Friday, February 26th). [read post]
25 Feb 2010, 5:46 pm by Randall Reese
Trustee, its Official Committee of Unsecured Creditors and an ad hoc committee of noteholders. [read post]
24 Feb 2010, 6:56 pm by Randall Reese
  Other assets have also been sold pursuant to smaller transactions, including pursuant to blanket de minimis asset sale procedures approved by the bankruptcy court.The proposed plan of liquidation reflects the terms of a proposed settlement reached between members of the Official Committee of Unsecured Creditors representing holders of general unsecured claims against Midway (referred to as Class 3A claims) and members representing holders of… [read post]
24 Feb 2010, 6:56 pm by Randall Reese
  Other assets have also been sold pursuant to smaller transactions, including pursuant to blanket de minimis asset sale procedures approved by the bankruptcy court.The proposed plan of liquidation reflects the terms of a proposed settlement reached between members of the Official Committee of Unsecured Creditors representing holders of general unsecured claims against Midway (referred to as Class 3A claims) and members representing holders of… [read post]
24 Feb 2010, 1:20 pm by By MICHAEL J. DE LA MERCED
Hours after General Growth Properties unveiled its reorganization plan, which would split itself in two and make Brookfield Asset Management one of its largest investors, the mall operator's unsecured creditors committee has raised concerns about the plan. [read post]
23 Feb 2010, 4:42 pm by Daniel Corbett
” From Reuters: “New York City’s claim to the name of the landmark Central Park restaurant Tavern on the Green has caused crippling delays and left some creditors with little chance of getting their money, the bankrupt restaurant’s unsecured creditors committee said. [read post]
16 Feb 2010, 7:14 pm by Randall Reese
Joe's Holding Corporation, its Official Committee of Unsecured Creditors, and its Prepetition (pre-bankruptcy) Term Loan B Secured Creditors have filed a joint response and objection to the United States Trustee's request to convert G.I. [read post]
10 Feb 2010, 6:04 pm by Randall Reese
The United States Trustee for Region Four (which includes the Eastern District of Virginia) filed a notice with the bankruptcy court today identifying the members of the Official Committee of Unsecured Creditors in the bankruptcy cases of Movie Gallery Inc. and its affiliates. [read post]
7 Feb 2010, 9:21 pm by Randall Reese
  Such an agreement, according to Olsen's Mill, is inappropriate because the Creditors' Committee "has no authority to waive claims of the estate on behalf of unsecured creditors" and "has apparently attempted to negotiate the terms of a sub rosa plan without notice, adequate disclosure and an opportunity for the unsecured creditors to vote to either accept or reject such a proposal. [read post]
2 Feb 2010, 7:42 pm by Joseph C. McDaniel
What if one of your creditors garnishes that dough out of your account? [read post]
2 Feb 2010, 2:40 pm by Randall Reese
  These agreements, according to the Committee, cause general unsecured creditors to be "left out in the cold" and should have been rejected "unless and until the Debtor and Citizens agree to provide general unsecured creditors with a chance to recover in this case. [read post]
1 Feb 2010, 6:10 pm by Randall Reese
  Proofs of claim filed by tort claimants will be accessible only by the debtor, its counsel, its insurers, counsel to the Official Committee of Unsecured Creditors and its members, and other parties allowed access by an order of the court.netDockets has made a complimentary copy of the bar date order available on JDSupra.About netDockets:With over 1.5 million documents filed in over 800 of the largest corporate chapter 11 bankruptcy cases, all professionally-coded to… [read post]
31 Jan 2010, 1:16 pm by Randall Reese
  He pegged those losses at approximately $100 million per month and the resulting decrease in recoveries to unsecured creditors at up to 6% of the face value of their claim per month and stated that the Committee members ultimately decided that the likelihood of finding acquirers was too low to justify the reduced recoveries. [read post]
31 Jan 2010, 12:28 pm by Randall Reese
The United States Trustee for Region 2 announced the appointment of the Official Committee of Unsecured Creditors for Uno Restaurant Holdings Corporation and its approximately 150 affiliates that filed for chapter 11 bankruptcy protection on January 20, 2010. [read post]
17 Jan 2010, 11:53 pm by Randall Reese
Late last week, the United States Trustee for Region 2 announced the appointment of the Official Committee of Unsecured Creditors for Mesa Air Group, Inc. and its affiliates. [read post]
12 Jan 2010, 7:30 pm by Randall Reese
However, multiple objections to the asset sales have been filed with the court, including objections by the Official Committee of Unsecured Creditors and Genmar Yacht Acquisition, LLC (an affiliate of Patriarch Partners and an unsuccessful bidder) filed yesterday after conclusion of the auction.netDockets has made a complimentary copy of the auction report available on JDSupra.About netDockets:With over 1.5 million documents filed in over 800 of the largest corporate… [read post]
10 Jan 2010, 2:22 pm by Joseph C. McDaniel
And since it's a crime (no kidding) to fail to list assets, or to fail to list creditors, you need to list 'em all. [read post]
8 Jan 2010, 10:37 am
However, the Chapter 11 bankruptcy would have also required the company to engage professionals to market the company, to draft the requisite sale motion or plan and to investigate the tax implications of transferring net operating losses, and to pay for the professionals hired by the committee of unsecured creditors largely to mirror the work performed by the company. [read post]