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6 Apr 2020, 5:27 am
The government owes more than $6.5 billion to creditors, which averages some $19,000 per resident. [read post]
6 Apr 2020, 12:47 am
., the running of the CSED period is suspended for the period during which the government is prohibited from collection (the duration of the bankruptcy proceeding unless a stay is lifted by motion of a creditor) plus 6 months thereafter. [read post]
5 Apr 2020, 2:03 pm
., are seeking delayed payments on loans by its largest creditor Deutsche Bank. [read post]
5 Apr 2020, 9:32 am
The trustee for the Debtor filed suit against Creditor to recover a number of payments which had been made to the Creditor during the 90-day preference window. [read post]
5 Apr 2020, 9:07 am
As companies seek bankruptcy protection, the likelihood is that Trustee and creditor claims will follow. [read post]
4 Apr 2020, 4:40 pm
Petersen is Partner at Hackleman, Olive & Judd handling complex commercial and construction litigation, contract and business disputes, real estate litigation, and representation of creditors in bankruptcy and insolvency proceedings. [read post]
4 Apr 2020, 4:40 pm
Petersen is Partner at Olive Judd handling complex commercial and construction litigation, contract and business disputes, real estate litigation, and representation of creditors in bankruptcy and insolvency proceedings. [read post]
3 Apr 2020, 3:37 pm
Any creditor is allowed to contest the debtor’s designation, and occasionally some do. [read post]
3 Apr 2020, 1:18 pm
This is also known as a “creditor meeting” , where any of your creditors can choose to appear. [read post]
3 Apr 2020, 11:49 am
District Court for the Southern District of New York held that because a subpoena duces tecum previously issued to the insured by a post-judgment creditor of a non-insured entity was not a “claim” against the insured, the subpoena and a later-filed lawsuit against the insured could not qualify as […] [read post]
3 Apr 2020, 9:42 am
Do it: write each of your creditors with a short explanation of how the pandemic has impacted you. [read post]
3 Apr 2020, 6:39 am
The Government may be softening the position on wrongful trading and introducing a moratorium for companies while they seek a rescue or restructuring on insolvency procedures, but there is very little detail on these proposed changes and until more is known it is business as usual for directors who should be making decisions , on a reasonable basis, to ensure so far as possible that the company’s stakeholders, most notably the creditors, get the best return possible… [read post]
2 Apr 2020, 12:39 pm
Contact your creditors. [read post]
2 Apr 2020, 10:51 am
The CARES Act provides no relief from the “best interests of creditors” test requiring that creditor get what they would have had you filed a Chapter 7 liquidation case. [read post]
1 Apr 2020, 9:05 pm
In 2018, former CFPB Director Mick Mulvaney announced a new supervision rule stating that the CFPB has supervisory authority over student loans owned by private creditors but not over federally held student loans, a notable policy shift from the Obama Administration. [read post]
1 Apr 2020, 4:32 pm
Francis KeanOne of the questions for companies facing financial difficulties both in the U.S. and in the UK is the extent to which the boards of the companies owe duties to creditors to try to avoid creditors’ losses as the companies approach insolvency. [read post]
1 Apr 2020, 1:25 pm
You should retain an attorney if you can’t pay your creditors during unemployment during the coronavirus pandemic. [read post]
1 Apr 2020, 1:25 pm
You should retain an attorney if you can’t pay your creditors during unemployment during the coronavirus pandemic. [read post]
1 Apr 2020, 12:12 pm
Tomorrow we start to pick up the pieces of our businesses and protect what remains from the claims of creditors. [read post]
1 Apr 2020, 9:37 am
This alert highlights certain key matters impacting technology and high growth businesses, and investors who invest in those businesses, at this unprecedented time in world history. [read post]
