Search for: "Unsecured Creditors Committee " Results 461 - 480 of 576
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28 May 2012, 11:38 am by Poppy Weston-Davies, Olswang LLP
In answering the issues, the Court of Appeal relied upon the (minority) judgment of Lord Hoffman in Cambridge Gas Transportation Corporation v Official Committee of Unsecured Creditors of Navigator Holdings [2006] UKPC 26, and Re HIH Casualty and General Insurance Ltd [2008] UKHL 21, finding that foreign court proceedings could in fact be recognised in this case under the Model Law. [read post]
  A simple majority of 50% +1 is required for approval of the proposal, so if one creditor holding more than 50% of the unsecured debt votes against the proposal, the proposal is rejected. [read post]
27 Mar 2020, 2:49 pm by doug
Committees: Unsecured creditor committees will not be formed in small business cases unless they are specifically ordered by a judge for cause. [read post]
10 Nov 2015, 9:08 am by Pamela Foohey
None who spoke made legal objections to the plan, and the attorney for the unsecured creditors' committee also did not object. [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]
29 May 2014, 4:51 am by Kevin LaCroix
Following the bankruptcy filing, the committee of unsecured creditors sent the holding company’s former directors and officers a demand letter, asserting that the downstream capital contribution was wrongful and had been made in breach of their fiduciary duties and seeking damages. [read post]
21 Oct 2015, 11:41 pm by Anna Gelpern
The relative order of repayment priority among the various obligations of different Puerto Rico issuers is a big bone of contention for the 20 different creditor committees formed to negotiate with the government. [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]
7 Jan 2019, 11:35 am by ccollins
News of Brown Rudnick’s appointment came almost immediately after the Official Committee of Unsecured Creditors asked for discovery to look into possible claims. [read post]
26 Dec 2011, 4:48 pm
Group structures also have certain incidental effects: the possibility of limiting liability to separate entities that may be thinly capitalized so as to adversely affect the interests of third parties dealing with such entities (especially its unsecured creditors such as tortious creditors) and also provide greater scope for related-party transactions that may not be on arm’s length basis thereby enabling promoters to extract greater value from the company to the… [read post]
30 May 2012, 9:20 am
Prior to the bankruptcy Tousa, Inc. had issued in excess of $1 billion dollars of public bonds which were unsecured but guaranteed by certain of its subsidiaries. [read post]
22 Mar 2013, 6:12 am by Melissa Jacoby
The decision grants summary judgment in Official Committee of Unsecured Creditors of Motors Liquidation Company v. [read post]
29 Dec 2005, 8:55 am
Financially troubled consumers rushed to file before Oct. 17 because the new law is expected to pressure more debtors into Chapter 13 bankruptcy programs, which require them to pay creditors on a court-approved schedule, rather than into Chapter 7, which discharged most of their unsecured debts. [read post]
4 Oct 2010, 11:38 pm by Jean Braucher
A debtor with a big debt payment on a car loan gets that as an allowance, to be paid to the secured creditor in chapter 13, and thus that money is not available to pay unsecured creditors. [read post]
10 Nov 2014, 7:09 am by Melissa Jacoby
And, unlike the accepting classes, the dissenting classes in Detroit had no mechanism to coordinate a settlement with the City (had there been an unsecured creditors' committee, the story might be different). [read post]
5 Apr 2011, 5:09 am
The Official Committee of Unsecured Creditors brought an adversary proceeding on behalf of the Conveying Subsidiaries seeking recovery of the settlement funds received by the Transeastern Lenders in the July 31 Transaction.  [read post]
15 Jan 2021, 4:56 pm by Adam Levitin
Sea Girt's petition does not include a completed Form 204, which would list is largest non-insider unsecured creditors. [read post]
28 Mar 2011, 7:02 pm by Tomassi Law Associates
Zell Pressures Tribune Committee to Drop Claims Sam Zell is pressuring the Tribune Co. creditorscommittee to drop parts of the lawsuit filed against him in November. [read post]