Search for: "Debtors and Debtors in Possession"
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22 May 2017, 10:00 am
After filing, you become a debtor in possession. [read post]
22 May 2017, 10:00 am
After filing, you become a debtor in possession. [read post]
11 Jan 2022, 6:51 pm
“Reading “any act . . . to exercise control” in §362(a)(3) to include merely retaining possession of a debtor’s property would make that section a blanket turnover provision. [read post]
4 Jan 2012, 3:10 pm
Finally, if the decedent had no domicile and possessed no property in the state of Florida, then the venue is proper where a debtor of the decedent resides. [read post]
24 Mar 2008, 7:45 pm
These include the following: the amount of cash to be used or borrowed, including any borrowing base formula and availability; material conditions to closing, including budget provisions; pricing and economic terms, including various fees; any effect on existing liens; any carve-outs from liens or superpriorities; any cross-collateralization; any roll-up provisions; any provisions that would materially limit the Court's power or discretion or the… [read post]
31 Oct 2012, 7:00 am
In most cases, the debtor becomes debtor-in-possession, and continues to operate the business and perform many of the functions of the trustee.In the Chapter 11 reorganization plan, the debtor groups and classifies debts and proposes repayment terms. [read post]
22 Sep 2011, 9:40 am
GMAC, where GMAC was held to have violated the discharge injunction for having refused to take possession of a vehicle surrendered in the debtor's Chapter 7 case. [read post]
22 Sep 2011, 9:40 am
GMAC, where GMAC was held to have violated the discharge injunction for having refused to take possession of a vehicle surrendered in the debtor's Chapter 7 case. [read post]
11 Jun 2010, 8:36 am
A bankruptcy trustee oversees the filing and execution of a Chapter 13 debtor’s plan. [read post]
27 Dec 2015, 8:06 pm
The case is unusual because the debtor obtained new counsel who converted his case from Chapter 7 (liquidation) to Chapter 11 (reorganization). [read post]
23 Feb 2010, 2:13 pm
(an affiliate of Thornburg Mortgage, Inc. that is being separately administered) filed a report of creditors' voting on its proposed plan.Cabrini Medical Center and Sea Launch Company, L.L.C. sought authority to borrow additional debtor-in-possession (or DIP) financing.Qimonda Richmond, LLC sought authority to sell certain assets to Texas Instruments Inc. [read post]
17 Dec 2009, 10:00 pm
John Bennardo, a general contractor and resident of Cold Spring Harbor, who's been a member since 2002, agreed to lend the club, as a debtor-in-possession, about $2 million. [read post]
14 Jul 2010, 12:30 am
" While the Creditors' Committee has not yet formally challenged the first lien lenders' claims and liens against the assets of Brown Media and its subsidiaries, it has until August 23, 2010 to do so pursuant to the terms of the bankruptcy court's order approving the debtors' debtor-in-possession (DIP) financing facility. [read post]
13 Oct 2020, 1:18 pm
” Bill also flags this writeup by law professor Keith Swisher, from a few years ago: “DQ Case of the Week: Negotiating to Work for the Opposing Firm” — “An associate represented the debtor-in-possession in a Chapter 11 bankruptcy, and essentially two secured creditors had claims to virtually all of the debtor’s assets. [read post]
26 Jul 2023, 11:39 pm
When considering ways to avoid losing your hard-earned possessions to creditors, several questions may come to mind. [read post]
2 Aug 2009, 9:15 am
Consumer debtors who file for Chapter 7 or Chapter 13 bankruptcy in New York, are allowed to keep certain possessions that are “exempt. [read post]
24 Oct 2005, 1:46 pm
But the case likely wouldn't be affected by the bankruptcy reforms because Judge McConnell hadn't yet granted possession to the landlord when bankruptcy was filed. [read post]
12 Feb 2015, 10:44 am
The debtor-in-possession has the right to engage in litigation, negotiate contracts and seek and accept loans. [read post]
24 May 2012, 3:00 pm
In addition, Chapter 11 does not require a trustee and the person running the bankruptcy is known as the “debtor in possession. [read post]
19 Sep 2017, 5:37 am
First, any person in possession of the judgment debtor’s property that can be used to satisfy the judgment—i.e. [read post]
