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27 Jul 2009, 4:00 am
  Justice Fried cited a number of cases in which courts enforced creditor claims against successor corporations formed after the debtor corporation was administratively dissolved. [read post]
23 Jul 2009, 8:40 am
French's bankruptcy case and the bankruptcy cases of over 600 other major corporations using netDockets. [read post]
20 Jul 2009, 4:48 pm by Moderator
He is also a highly influential member of Obama's Council of Economic Advisors.In it's article, The Nation tells us, "Last week in Washington we got a rare look inside the global private banking industry, whose high purpose it is to gather up the assets of the world's wealthiest people and many of its worst villains, and shelter them from tax collectors, prosecutors, creditors, disgruntled business associates, family members, and each other. [read post]
17 Jul 2009, 1:08 am
The bank intends to try to go past Heller's main partnership to the partner corporations that composed it, and assert they were liable for debts to the banks. [read post]
16 Jul 2009, 9:35 am
., which in turn is a subsidiary of American Leisure Group, Limited (a British Virgin Islands corporation). [read post]
15 Jul 2009, 5:20 am
Mom is severely injured but makes a reasonable recovery and $250,000 in medical bills. [read post]
13 Jul 2009, 2:44 am
”     The Court said that the question was not whether the creditors might benefit from any recovery. [read post]
29 Jun 2009, 11:37 am
  You see the FDIC acts in several capacities; they wear two hats so to speak.The FDIC's corporate capacity. [read post]
18 Jun 2009, 5:19 pm
Lexington Coal Company, LLC Issue: Whether the Sixth Circuit erred in holding that administrative-expense priority does not extend to all payments due under a contract entered or assumed by the debtor during a bankruptcy case   and in holding that a creditor’s claim against a bankruptcy estate arises only when the creditor’s right to payment accrues under state law. [read post]
18 Jun 2009, 2:31 am
It should also be considered to what extent the Regulation should not only permit the recovery of penalties by the creditor, but also those which are collected by the court or fiscal authorities. [read post]
16 Jun 2009, 2:34 pm
The judge involved also said that Madoff's creditors would benefit from the consolidation "because SPIC is underwriting the costs of the recovery. [read post]
22 May 2009, 4:48 pm
Equity interests are the interests of shareholders or a corporation or members of a limited liability company. [read post]
8 May 2009, 3:47 pm
This blog is written by their Bankruptcy & Corporate Restructuring Department, which represents debtors, creditors’ committees, institutional and individual creditors, secured parties, venture capitalists, equity holders, trustees, receivers and parties with substantial interests in insolvency proceedings throughout the United States. [read post]
16 Apr 2009, 11:19 pm
Here is the update on the numbers of debt buyer lawsuits and lawsuits filed by the creditor Capital One during the week of April 6, 2009, in Alabama: Arrow Financial Services 31 Asset Acceptance 75 Atlantic Credit & Finance 69 Cach, LLC 8 Cap One Bank 222 Cavarly Portfolio Services, LLC 4 Delta Capital Resources, LLC 7 Harvest Credit Management, LLC 1 Hilco Receivables LLC 13 Lionheart Funding LLC 1 LVNV Funding 27 MCM Holdings LLC 3 Merchants Adjustment Services, Inc. 11 Midland… [read post]
13 Apr 2009, 3:19 am
Read this interview with a former S&L regulator, William Black, who criticizes the recovery efforts. [read post]
12 Mar 2009, 9:04 am
“The creditors are going to take a bath, that’s for sure. [read post]
8 Mar 2009, 7:46 pm
This was not fatal to the breach of fiduciary duty claim, because Mississippi case law provides that, in a closely held corporation, the chancellor may treat a shareholder's derivative suit as a direct action and order an individual recovery so long as it does not prejudice the interests of the creditors, expose the corporation to multiple actions, or prejudice recovery for all other interested parties. [read post]
7 Mar 2009, 8:32 am
Much the same way that you pay your credit card bill every month, a creditor uses a structured settlement to pay out what they owe to a person on a regular schedule. [read post]
25 Feb 2009, 12:26 am
The document also shows who Heller's creditors could target as they seek to be paid through Heller's bankruptcy. [read post]