Search for: "Reorganized Debtors"
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29 Aug 2023, 4:14 am
Omnibus Objections to Claims Use this template, as debtor’s counsel, to file multiple objections to claims in one objection. [read post]
21 Aug 2023, 9:01 pm
Most notably, they include: Purdue Pharma, Boy Scouts of America, USA Gymnastics, and the Catholic Church.Why should the debtor be given federal statutory protection from legitimate legal claims based on the debtors’ very failure to protect victims who are simply seeking justice? [read post]
17 Aug 2023, 6:58 am
Taylor also earned distinction in Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law. [read post]
10 Aug 2023, 1:41 pm
In Sept. 2021, a bankruptcy court in Delaware confirmed the reorganization plan, over the objection of (among others) the U.S. [read post]
30 Jul 2023, 2:00 am
Bankruptcy is a process that provides individuals with an opportunity to come out of financial problems and reorganize their debts. [read post]
26 Jul 2023, 11:39 pm
The debtor petitions the bankruptcy court to start a bankruptcy case. [read post]
24 Jul 2023, 10:00 pm
Third-Party Releases in Plans Review this practice note for the requirements for third-party releases in Chapter 11 plans of reorganization. [read post]
21 Jul 2023, 3:53 pm
The trustee program is funded by fees, most of which are paid by companies that file for bankruptcy under Chapter 11 of the Bankruptcy Code, which provides for reorganization. [read post]
19 Jul 2023, 6:18 am
† In a Chapter 11 reorganization, the debtor’s legal bills must be submitted to the court for review before payment, in order to assure their reasonableness, so as to distribute the bankruptcy estate fairly according to the law. [read post]
30 Jun 2023, 5:42 pm
While debtors in bankruptcy generally need to avoid taking on additional debt, debtor-in-possession financing is a notable exception. [read post]
16 Jun 2023, 11:28 am
Non-tribal commercial entities in a Chapter 11 reorganization have the ability to obtain some level of debt relief and certainty. [read post]
8 Jun 2023, 7:43 am
As such, the Court outlined seven different factors for courts to consider, including the identity of interests between the debtor and released parties, whether the claims against the debtor and non-debtor are factually intertwined, the scope of the third-party release, how necessary the release is to the plan of reorganization, whether the released parties contributed assets to the plan, the number of creditors who approved the plan and whether the plan provides… [read post]
1 Jun 2023, 4:50 am
Repayment Plan: Debtors propose a 3-5 year plan to repay a portion or all of their debts based on their disposable income. [read post]
30 May 2023, 10:26 am
While the automatic stay is designed to give a debtor a chance to reorganize their finances without interference from creditors, there are some situations where debtors may take inappropriate actions after filing for bankruptcy that would prevent creditors from being able to protect their financial interests. [read post]
18 May 2023, 5:16 am
Sanctions work, but targets adapt. [read post]
16 May 2023, 4:41 pm
Chapter 7 bankruptcy, also known as liquidation bankruptcy, involves the sale of the debtor’s non-exempt assets to repay creditors. [read post]
11 May 2023, 11:46 am
Chapter 13, on the other hand, is a reorganization bankruptcy that allows debtors to keep their assets and pay off a portion of their debts over time. [read post]
10 May 2023, 9:01 pm
In all the other cases, the debtor completed or is pursuing either a going-concern sale or a stand-alone reorganization in Chapter 11. [read post]
2 May 2023, 3:21 pm
This requires both the creditor and debtor to provide an appraisal of the property to the sheriff’s office. [read post]
26 Apr 2023, 4:05 am
., April 19, 2023), a New York federal bankruptcy court held that two groups of claims filed in the Chapter 11 Bankruptcy Reorganization of the Rockville Centre Diocese should be expunged. [read post]
