Search for: "Debtors and Debtors in Possession"
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1 Mar 2011, 11:16 pm
The right conferred upon the debtor or the surety under Section 17 is a right to save one's own property. [read post]
18 Nov 2008, 8:00 pm
Unfortunately, many corporations that have filed for bankruptcy recently could not secure adequate debtor-in-possession financing or cannot generate sufficient revenues to sustain their business models. [read post]
13 May 2009, 6:02 am
If there is debtor in possession financing, cash collateral issues can become more complicated. [read post]
22 Feb 2010, 1:08 am
" The companies' strategy for the cases is somewhat unclear from the pleadings, as it is seeking a small amount of debtor-in-possession financing from the parent company, Dollar Financial Group, Inc., in order to preserve "the Debtors' ability to restructure or to provide an orderly wind-down for franchisees and their customers. [read post]
8 Jan 2020, 9:20 am
The code mandates that the contractor, to execute the lien, must be in possession of the subject property and the monetary claim must have a nexus to the subject property. [read post]
23 Apr 2010, 9:19 am
In a bankruptcy filed under Chapter 11 of the United States Bankruptcy Code, a bankruptcy trustee is not used, rather the debtor manages the property of the bankruptcy case and the bankruptcy is therefore termed a “debtor in possession. [read post]
8 Mar 2021, 8:05 am
” “Like the ethics rules, the Bankruptcy Code prohibits the involvement of lawyers who possess an ‘adverse interest. [read post]
23 Jul 2010, 11:19 am
As part of their Chapter 13 case, the debtors in the Cormier case filed a motion with the judge to force their home mortgage lender, American Home Mortgage Service, Inc., to “hurry up” and foreclose and take possession of the property; the Cormiers were incurring insurance and other ongoing expenses while the case was in progress. [read post]
22 Jul 2010, 9:02 am
Even when no repossession action was legally allowed, some collectors reportedly threatened to repossess a debtor’s possessions in lieu of payment. [read post]
15 Mar 2010, 8:29 am
Thus, creditors cannot take further action against a debtor directly. [read post]
26 Jan 2012, 2:30 pm
The suit claims that the bank actively deceived many people involved in the bankruptcy process, including Chapter 7, Chapter 13, and Chapter 11 trustees; bankruptcy judges; creditors; creditor attorneys; debtors, debtors in possession, and debtors’ attorneys; and the Office of the United States Trustee. [read post]
15 Mar 2011, 2:22 pm
Ms Reeves objected to discharge under Section 523(a)(2)(A) of the Bankruptcy Code, which requires evidence (1) that the debtor made a false representation or omission, which he either knew was false or that was made with reckless disregard for the truth; (2) that the debtor possessed an intent to deceive or defraud; and (3) that the injured person justifiably relied on the false representation. [read post]
21 Jan 2013, 7:08 am
As a debtor, all of your property becomes part of the bankruptcy estate. [read post]
15 Jul 2013, 2:54 pm
Instead, the debtor serves as a quasi-trustee, called the Debtor-in-Possession (the DIP — no, that’s not a juvenile insult, just an acronym). [read post]
19 May 2009, 4:37 pm
This means that normally a NYC Marshal will not take your possessions to pay off a judgment. [read post]
25 Jul 2023, 7:02 am
Additionally, we possess the expertise to domesticate foreign child support liens specific to Wilson County. [read post]
25 Jul 2023, 7:13 am
Corporations do not possess any exempt property. 2. [read post]
29 Jun 2012, 12:02 pm
If the non-debtor spouse dies before the debtor spouse, the creditor can step into the shoes of the debtor spouse and take the entire property. 3. [read post]
31 May 2019, 10:00 pm
The more knowledge you possess, the better you’ll be able to put yourself on solid financial ground. [read post]
16 Jul 2012, 12:41 pm
In Ohio, separate hearings are held to determine the issues of whether the property owner is entitled to retake possession of the property from the tenant and the amount of rent and other damages that the tenant owes to the owner. [read post]
