Search for: "Debtors and Debtors in Possession"
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1 Nov 2013, 5:30 am
If it's in this category, then the contract becomes part of the bankruptcy estate, which means it no longer belongs to your employer, but instead belongs to the trustee or the debtor in possession.Bankruptcy estate: Once it is considered part of the bankruptcy estate, the trustee or debtor in possession will decide whether to assume the contract or reject it.Contract is assumed: If they assume it, then it remains intact and the bankruptcy estate assumes … [read post]
27 Oct 2013, 7:46 am
After the bankruptcy case was reinstated, the state court denied the motions and granted motion for issuance of writ of possession. [read post]
25 Oct 2013, 5:44 pm
For many Americans, a house and a car are two of the most valuable possessions they will ever own. [read post]
24 Oct 2013, 12:03 am
Its legal representative possesses general power of attorney under Art. 34 of the Civil Procedure Code and this gives him the right to represent him in the open by the creditor bankruptcy . [read post]
24 Oct 2013, 12:03 am
Its legal representative possesses general power of attorney under Art. 34 of the Civil Procedure Code and this gives him the right to represent him in the open by the creditor bankruptcy . [read post]
24 Oct 2013, 12:03 am
Its legal representative possesses general power of attorney under Art. 34 of the Civil Procedure Code and this gives him the right to represent him in the open by the creditor bankruptcy . [read post]
18 Oct 2013, 1:25 pm
If the paint store is not incorporated, the bankruptcy trustee will see $50,000 of assets to liquidate and will probably order the debtor to cease business operations and demand immediate possession of the store. [read post]
17 Oct 2013, 2:04 pm
SIPA defines “customer” as follows:(A) IN GENERALThe term ‘customer’ of a debtor means any person (including any person with whom the debtor deals as principal or agent) who has a claim on account of securities received, acquired, or held by the debtor in the ordinary course of its business as a broker or dealer from or for the securities accounts of such person for safekeeping, with a view to sale, to cover consummated sales, pursuant to… [read post]
10 Oct 2013, 8:49 am
¶ 41 Our legislature has enacted a special rule which discourages debtors from unduly prolonging collection lawsuits with obdurate denials. [read post]
23 Sep 2013, 1:00 pm
If eligible for Chapter 9 protection, Detroit is poised to procure debtor-in-possession (“DIP”) financing to help meet its obligations. [read post]
8 Sep 2013, 6:33 pm
Under the statutory scheme, the debtor must come forward with evidence that he was not in default of his payments to the creditor, which the husband failed to do. [read post]
24 Aug 2013, 6:06 am
Debtor argued that the language in the pawn agreement created a security interest, and because he was in possession of the vehicle and the pawn had no matured as of the petition date, the lien could be avoided pursuant to §522(f). [read post]
16 Aug 2013, 2:44 am
Even though the same creditor has judgments against both spouses for the same amount of money, the creditor does not possess a joint judgment. [read post]
15 Aug 2013, 12:48 pm
Mulvaney for his view, Dallas Fed President Richard Fisher noted that, if the reorganized firm cannot repay the Treasury for its debtor-in-possession financing, Section 214 says that the repayment should be clawed back via a special assessment on the company’s SIFI competitors. [read post]
7 Aug 2013, 5:39 pm
You may also be able to "avoid" security interests in some of your possessions so that you don't have to pay those debts. [read post]
2 Aug 2013, 6:28 am
The Plaintiff also failed to carry her burden under section 523(a)(4) (embezzlement), as the evidence was undisputed that the invested funds were never in Donnan’s possession or control. [read post]
1 Aug 2013, 7:09 pm
Thus, when the primary purpose of a lawsuit is to recover money damages and the action does not directly affect the title to or the right of possession of real property, the filing of a notice of lis pendens is not authorized. [read post]
30 Jul 2013, 1:47 pm
In short, exemptions provide legal options for debtors to keep their possessions during and after bankruptcy. [read post]
29 Jul 2013, 8:25 am
As a debtor in possession, the corporation's board of directors and management remain in control -- literally "in possession" -- of the company's assets. [read post]
29 Jul 2013, 4:25 am
As a debtor in possession, the corporation’s board of directors and management remain in control – literally "in possession" — of the company’s assets. [read post]
