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14 May 2012, 6:30 am
The first is a general power of appointment (“GPA”) which permits the holder to appoint or direct the distribution of funds to anyone, including the holder, his or her creditors, his or her estate, or creditors of his or her estate. [read post]
14 May 2012, 3:39 am
.), chairman of the House Education and the Workforce Committee, Reps. [read post]
11 May 2012, 5:15 pm
According to Bloomberg, American Airlines (AMR) has assured its unsecured creditors committee that it will consider potential mergers as it puts together a reorganization proposal this summer. [read post]
9 May 2012, 7:40 am
In effect, the emergency manager would be like a bankruptcy or creditors’ receiver. [read post]
8 May 2012, 5:17 pm
" Quoting Lord Hoffmann in Cambridge Gas Transportation Corpn. v Official Committee of Unsecured Creditors of Navigator Holdings plc and Others [2007] 1 AC 508, Mrs. [read post]
3 May 2012, 7:18 am
The initial written program must be approved by the board of directors or a committee of the board of directors, and the board or senior management must be involved in the oversight and administration of the program. [read post]
1 May 2012, 10:21 am
In any later suit for payment, the creditor would also be able to collect reasonable attorneys’ fees. [read post]
28 Apr 2012, 12:39 pm
Committee trying to deal with negative notice for objections to claims. [read post]
23 Apr 2012, 5:11 am
• At 10 a.m., the Senate Banking Committee will hold a hearing on the collapse of MF Global. [read post]
20 Apr 2012, 10:11 am
The consequences of the authority vested in DRT under Sub-Section (3) of Section 17 necessarily implies that the DRT is entitled to question the action taken by the secured creditor and the transactions entered into by virtue of Section 13(4) of the Act. [read post]
20 Apr 2012, 9:52 am
According to the lawsuit, as reported by businessinsurance.com, after the bankruptcy filing a “notice of circumstances resulting in potential claims” was sent to Washington Mutual Inc. and its directors and officers by the official committee of unsecured creditors. [read post]
20 Apr 2012, 9:44 am
The consequences of the authority vested in DRT under Sub-Section (3) of Section 17 necessarily implies that the DRT is entitled to question the action taken by the secured creditor and the transactions entered into by virtue of Section 13(4) of the Act. [read post]
19 Apr 2012, 2:39 pm
Although the bill has cleared the Illinois House, the latest report says the bill has been postponed before the Senate Judiciary Committee. [read post]
19 Apr 2012, 12:39 pm
The Creditors' and Debtors' Rights section of the Association of American Law Schools invites paper proposals for the January 2013 conference program. [read post]
19 Apr 2012, 10:39 am
Directive 2011/7/EU of the European Parliament and of the Council of 16 February 2011 on combating late payment in commercial transactions (recast) (Text with EEA relevance) THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty on the Functioning of the European Union, and in particular Article 114 thereof, Having regard to the proposal from the European Commission, Having regard to the opinion of the European Economic and Social Committee [1], Acting in… [read post]
19 Apr 2012, 10:39 am
Directive 2011/7/EU of the European Parliament and of the Council of 16 February 2011 on combating late payment in commercial transactions (recast) (Text with EEA relevance) THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty on the Functioning of the European Union, and in particular Article 114 thereof, Having regard to the proposal from the European Commission, Having regard to the opinion of the European Economic and Social Committee [1], Acting in… [read post]
4 Apr 2012, 1:16 pm
See Official Committee of Unsecured Creditors of PSA, Inc. v. [read post]
28 Mar 2012, 6:58 am
Shri Sibal, however, submits that it is the amount due according to the secured creditor which shall have to be deposited to redeem the property. [read post]
28 Mar 2012, 6:54 am
Though the object of SARFAESI Act, 2002 is very good aiming at reducing ‘Non-Performing Assets” (NPA), the Constitutional Courts had to interpret the provisions of the Act dealing with many complicated issues and keeping in view the interests of the borrowers. [read post]
22 Mar 2012, 6:17 am
Scott has represented Chapter 7 and 11 debtors, creditors, creditor committees, trustees, court-appointed receivers and other interested parties in bankruptcy cases and bankruptcy litigation. [read post]
