Search for: "Debtors and Debtors in Possession"
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8 Feb 2017, 2:18 pm
Service providers were semi-successful in establishing themselves as necessary and critical vendors to the debtor in possession, ensuring some of the payment of pre-petition debt as well as payment for post-petition work. [read post]
8 Feb 2017, 2:18 pm
Service providers were semi-successful in establishing themselves as necessary and critical vendors to the debtor in possession, ensuring some of the payment of pre-petition debt as well as payment for post-petition work. [read post]
8 Feb 2017, 2:18 pm
Service providers were semi-successful in establishing themselves as necessary and critical vendors to the debtor in possession, ensuring some of the payment of pre-petition debt as well as payment for post-petition work. [read post]
8 Feb 2017, 2:18 pm
Service providers were semi-successful in establishing themselves as necessary and critical vendors to the debtor in possession, ensuring some of the payment of pre-petition debt as well as payment for post-petition work. [read post]
8 Feb 2017, 10:36 am
” In New York State Debtor & Creditor Law, homeowners can claim homestead exemptions in tenancy by the entirety. [read post]
7 Feb 2017, 9:27 am
Vanguard has obtained a $50 million debtor-in-possession financing facility underwritten by Citibank, JPMorgan Securities LLC and Wells Fargo Bank. [read post]
29 Jan 2017, 5:12 pm
The Act cannot apply because Chevron Canada is not the judgment-debtor in the Ecuadorian action. [read post]
23 Jan 2017, 2:52 pm
In a budget the size of Texas' even in a tight fiscal climate, that is not an insurmountable task; it's a function of whether legislators possess the political will. [read post]
17 Jan 2017, 8:49 am
The company currently is not seeking debtor-in-possession financing because it expects to have sufficient liquidity to continue its operations and meet its obligations, including paying employees, customers and vendors. [read post]
9 Jan 2017, 6:49 am
Such litigation puts a substantial strain on the lead bank’s resources to enforce the loan documents against the defaulted debtor, at a time when the parties should be sharing resources for loss mitigation. [read post]
4 Jan 2017, 2:39 pm
Both require a third party to take possession of a person’s assets. [read post]
30 Dec 2016, 10:07 am
If a debtor falls behind with the payments, the finance company may file a state court civil action to obtain possession of the jewelry, but can never purse a civil action to collect any money that is due on the debt. [read post]
26 Dec 2016, 9:19 am
The statute provides that if land is held by a debtor in joint tenancy, the share belonging to the debtor may be taken on execution, and it is thereafter held in common with the co-tenant. [read post]
13 Dec 2016, 7:10 am
But most Chapter 7 cases are no asset cases where the trustee never takes possession of a single asset. [read post]
4 Dec 2016, 9:10 am
Based upon this reasoning, Judge Sacca held that the automatic stay was not applicable to the landlord’s efforts to recover possession of the property and liquidating its claim against the Debtors. [read post]
30 Nov 2016, 10:00 am
§ 1101, business owners can maintain some control as “debtors in possession. [read post]
29 Nov 2016, 7:30 pm
Furthermore the EJC rules, that this legal remedy must allow the periods for challenging a judgment on an uncontested claim to be extended, not only in the event of force majeure, but also where other extraordinary circumstances beyond the debtor’s control prevented him from contesting the claim in question (Art. 19 (1) (b)). [read post]
23 Nov 2016, 1:17 pm
The characteristics of such frameworks include leaving the debtor in possession of its assets and affairs, staying enforcement proceedings that might interfere with restructuring negotiations, mandating disclosures for proposed restructuring plans, facilitating plan adoption by creditors in classes, including a cram-down option and an explicit absolute priority rule (pp. 30, 38, not mentioning a new value corollary ... though not using the troublesome phrase "on account of its… [read post]
18 Nov 2016, 10:00 am
Does the bankruptcy trustee (or the debtor in possession in a chapter 11) step into the debtor’s shoes contrary to an express provision in the LLC’s operating agreement restricting transfers by members and prohibiting a transferee or assignee of a member from becoming an LLC member without the other members’ consent? [read post]
18 Nov 2016, 10:00 am
Does the bankruptcy trustee (or the debtor in possession in a chapter 11) step into the debtor’s shoes contrary to an express provision in the LLC’s operating agreement restricting transfers by members and prohibiting a transferee or assignee of a member from becoming an LLC member without the other members’ consent? [read post]
