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19 Dec 2017, 2:53 pm
According to the Declaration of John McAlister, the Group General Counsel and Corporate Secretary of Expro International Group Holdings Limited (the indirect parent company for each of the Debtors), the Debtors’ bankruptcy seeks to implement a consensual financial restructuring that has the support of supermajorities of both the Debtors’ secured creditors and equity holders. [read post]
19 Dec 2017, 2:53 pm
According to the Declaration of John McAlister, the Group General Counsel and Corporate Secretary of Expro International Group Holdings Limited (the indirect parent company for each of the Debtors), the Debtors’ bankruptcy seeks to implement a consensual financial restructuring that has the support of supermajorities of both the Debtors’ secured creditors and equity holders. [read post]
19 Dec 2017, 9:10 am
In affirming summary judgment in favor of the insurer, Judge Patty Schwartz held that the elements of an accord and satisfaction were met: Under New Jersey law, the affirmative defense of accord and satisfaction requires the defendant to prove: “(a) a bona fide dispute as to the amount owed; (b) a clear manifestation of intent by the debtor to the creditor that payment is in satisfaction of the disputed amount; and (c) acceptance of satisfaction by the… [read post]
19 Dec 2017, 4:15 am
When it issued the proposals, the CFPB indicated that it expected to convene a second SBREFA panel in the “next several months” to address a separate rulemaking for creditors and others engaged in debt collection not covered by the proposals. [read post]
18 Dec 2017, 9:05 pm
Or they can choose Chapter 13, which usually requires five years of payments to creditors before any debts are eliminated, but blocks foreclosures and car repossessions as long as debtors can keep up. [read post]
18 Dec 2017, 11:41 am
Next, the DoD stated that the MLA Rule’s limitation on creditors using a check or other method of access to a deposit, savings, or other financial account maintained by a covered borrower does not prohibit the borrower from granting a security interest to a creditor in such an account. [read post]
18 Dec 2017, 7:38 am
Georgia law says the pawnbroker can keep the car; federal law says the bankruptcy court can "modify" a creditor's rights to such an asset. [read post]
17 Dec 2017, 8:22 pm
They limit pre-petition services to filing an “emergency petition” that reports nothing more than a list of the creditors. [read post]
17 Dec 2017, 3:28 pm
Why is the financial sector going so mad over Madden when only Midland Funding and Midland Credit Management are afflicted and in need of Congressional intervention? [read post]
17 Dec 2017, 3:28 pm
Why is the Financial Sector going so Mad over Madden when only Midland Funding and Credit Management have good cause to fret? [read post]
15 Dec 2017, 12:37 pm
BFI received widespread criticism from both unionized and union-free businesses, as the BFI test was unpredictable and fundamentally altered the law applicable to a number of business relationships including: user-supplier, contractor-subcontractor, franchisor-franchisee, parent-subsidiary, predecessor-successor, lessor-lessee, and creditor-debtor. [read post]
15 Dec 2017, 10:00 am
California creditors have a variety of tools available to enforce their legal rights. [read post]
15 Dec 2017, 8:07 am
Even if the settlement moots Crystallex’s alter ego claims, any creditor can replicate its litigation strategy. [read post]
15 Dec 2017, 5:55 am
As a creditor, your objective is to pursue any legal means allowable to obtain payment on the debt owed to you. [read post]
14 Dec 2017, 8:40 pm
At the Meeting of creditors, the trustee will examine your paperwork to make sure that every form has been properly completed, and all required documentation has been supplied. [read post]
14 Dec 2017, 8:40 pm
At the Meeting of creditors, the trustee will examine your paperwork to make sure that every form has been properly completed, and all required documentation has been supplied. [read post]
14 Dec 2017, 8:40 pm
At the Meeting of creditors, the trustee will examine your paperwork to make sure that every form has been properly completed, and all required documentation has been supplied. [read post]
14 Dec 2017, 4:38 pm
Deterring Holdout Creditors in a Restructuring of PDVSA Bonds and Promissory Notes (¿Cómo disuadir... [read post]
14 Dec 2017, 1:23 pm
The Debtor lists the number of creditors as between 100-200. [read post]
14 Dec 2017, 1:23 pm
The Debtor lists the number of creditors as between 100-200. [read post]
