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”  The waiver is intended to provide Eligible Lenders comfort that bankruptcy courts will follow and enforce the 95/5% economic risk allocation of the Main Street loan programs. [read post]
7 Jul 2020, 2:06 pm by Joe Rosenbaum
A bankruptcy judge in Illinois has opined on at least one instance where a party to a real estate lease agreement can take advantage of such a clause. [read post]
7 Jul 2020, 1:18 pm by John McFarland
Moreover, the coronavirus crisis may well lead to further bankruptcies and more consolidation in the shale industry, which could put assets into the hands of big firms with stronger balance sheets, boosting profitability. [read post]
7 Jul 2020, 10:28 am by Ryan Grotz
Court of Appeals for the Sixth Circuit recently held that wages withheld as a voluntary 401(k) contribution prior to filing bankruptcy were not considered "disposable income" under a Chapter 13 bankruptcy plan. [read post]
7 Jul 2020, 10:07 am by J Eric Lockridge and Katilyn Hollowell
The Bankruptcy Code provides that a debtor in bankruptcy can reject executory contracts, but cannot reject a real property covenant that runs with the land. [read post]
7 Jul 2020, 9:07 am
When a bankruptcy case is filed you are saying to the Court, I have listed everything I own or have an interest in. [read post]
7 Jul 2020, 8:50 am by SharedLABS
• Chapter 7 Bankruptcy When you file chapter 7 bankruptcy, your bankruptcy trustee will collect any of the nonexempt property to sell and distribute the revenue to the creditors. [read post]
7 Jul 2020, 4:50 am by jaxlawcenter
Chapter 7 Bankruptcy When you file chapter 7 bankruptcy, your bankruptcy trustee will collect any of the nonexempt property to sell and distribute the revenue to the creditors. [read post]
6 Jul 2020, 9:00 pm
If you are struggling financially as a result of losing your job or being forced to close your business during the novel coronavirus (COVID-19) pandemic, you are not alone. [read post]
6 Jul 2020, 2:55 pm by Unknown
  Unlike Hostess, which was in bankruptcy, it will be interesting to see whether Coca-Cola will sell the brand. [read post]
6 Jul 2020, 2:14 pm
Three Latin American carriers, two of which are Delta Air Lines partners, have filed for bankruptcy protection in the U.S. due to COVID-19. [read post]
6 Jul 2020, 2:14 pm
Three Latin American carriers, two of which are Delta Air Lines partners, have filed for bankruptcy protection in the U.S. due to COVID-19. [read post]
Specifically, our presenters will address: What is going on in courts across the country, and how/when are they rescheduling How will state, federal, and bankruptcy courts run post-pandemic Will we be able to have jury trials How long this “new normal” is expected to last Necessary tools needed to adapt and keep your cases moving forward Moderator: Scott Carlson, Partner, Seyfarth Shaw Speakers: Suzanna Bonham, Partner, Seyfarth ShawGina Ferrari, Partner, Seyfarth ShawWilliam… [read post]
6 Jul 2020, 11:13 am by leemedia
You can do this by learning more about the provisions under which you qualify to file for bankruptcy. [read post]
6 Jul 2020, 9:14 am
If you are contemplating filing bankruptcy, I would want to know what are the pros and cons of filing bankruptcy. [read post]
6 Jul 2020, 7:43 am by Cathy Moran
  Central to the bankruptcy tax myth is the claim that taxes can’t be discharged in bankruptcy. [read post]
6 Jul 2020, 6:51 am by Sam
Filing Chapter 7 Bankruptcy Involves Filling out all of the necessary forms Being present in  … Read more The post Breaking It Down: What Is Chapter 7 Bankruptcy? [read post]