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24 Jun 2016, 11:52 am
The creation of the local audit committee was seen by the present government as another “tool” to force creditors to the negotiation table, in tandem with the defunct creole bankruptcy act, but was probably never intended to be fully carried out. [read post]
21 Apr 2020, 9:03 am
As with rent payments and collections, the Act explicitly states that no borrower is relieved of its obligation to pay its mortgage, and no creditor or mortgagee is restricted from ultimately recovering mortgage payments. [read post]
22 Oct 2019, 4:57 pm
The new streamlined small business chapter 11 bankruptcy will allow for a trustee to be appointed to the case to manage payments, there will be no creditor committees, no monthly reports and cram downs may be available. [read post]
27 Mar 2020, 2:49 pm
Committees: Unsecured creditor committees will not be formed in small business cases unless they are specifically ordered by a judge for cause. [read post]
21 Apr 2020, 2:30 pm
Most SBRA cases will not involve creditor committees. [read post]
22 Oct 2019, 4:57 pm
The new streamlined small business chapter 11 bankruptcy will allow for a trustee to be appointed to the case to manage payments, there will be no creditor committees, no monthly reports and cram downs may be available. [read post]
27 Aug 2015, 7:27 am
Congressional action to amend the bankruptcy code to provide Puerto Rico with the same relief afforded the states has been the subject of prior testimony before Congressional committees. [read post]
6 May 2014, 8:27 am
The Senate companion bill is S. 1907.Representative Barr, a key member of the House Financial Services Committee, said that the legacy debt securities of CLOs must be protected from the medicine that the Volcker Rule prescribes. [read post]
3 Aug 2016, 8:05 am
The disclosure would help investors and creditors make informed decisions and also assist the SEC in its oversight and monitoring of banks. [read post]
8 Nov 2014, 10:43 am
Jeff practices in the areas of commercial transactions, creditors’ rights, bankruptcy and agricultural law. [read post]
1 May 2010, 7:15 am
” As proposed, the revised Rule 2019 [5] broadens the disclosure requirement to apply to (a) every “entity, group, or committee” that represents or consists of more than one creditor and (b) upon a motion of a party in interest or on the Court’s own motion, to any entity that seeks or opposes the granting of any relief. [read post]
15 Dec 2008, 11:01 pm
Lee Rosenbaum breaks the news this evening that "the NY State Board of Regents' Cultural Education Committee this afternoon voted in favor of revised rules ... which would prohibit most museums and historical societies in the state from using deaccession proceeds to defray debts, operating expenses, and most capital expenses. ... [read post]
16 May 2016, 8:45 am
The national rules committee is drafting new bankruptcy forms with the unrepresented in mind. [read post]
7 Nov 2018, 4:24 pm
An administrative dissolution will not, however, discharge the corporation’s liability to creditors. [read post]
10 Dec 2018, 3:21 pm
An administrative dissolution will not, however, discharge the corporation’s liability to creditors. [read post]
30 Dec 2017, 7:51 pm
There exist a group of specific issues related to bankruptcy liquidation, such as how to expand the pool of assets available to the creditors, balance the interests of various creditors, deal with the relationship between creditor committees (under the bankruptcy law) and financial institution creditors committee (these committees were put in place from 2016, see more details here). [read post]
27 Apr 2008, 3:20 pm
The case is Pension and Employee Stock Ownership Plan Administrative Committee of Community Bancshares Inc. v. [read post]
9 Feb 2021, 9:42 pm
It might also be possible for the Official Creditors Committee to pursue them derivatively. [read post]
22 Jan 2011, 2:52 pm
This is highest honor the Debtor-Creditor Section of the Oregon State Bar is able to bestow on a member. [read post]
1 Nov 2009, 8:58 pm
[16] When creating a plan of reorganization, the United States Trustee appoints one or more committees to represent the creditors and their interests as well as the interests of the stockholders. [17] When developing a plan of reorganization and working with the company in trouble, certain steps are followed to ensure its success: (1) Debtor company develops a plan with committee (2) Company prepares a disclosure statement and reorganization… [read post]
