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16 Sep 2007, 10:51 pm
Here's a common provision:This Agreement shall terminate, without notice, (i) upon the institution by or against either party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of either party's debts, (ii) upon either party making an assignment for the benefit of creditors, or (iii) upon either party's dissolution or ceasing to do business. [read post]
21 Aug 2007, 2:05 pm
As intangible personal property in the form of stock certificates is physically located in Marion County, the complaint includes a claim for foreclosure relating to those stock certificates, and the receivership estate is being administered in Marion County, we conclude that preferred venue exists in Marion County. [read post]
31 Jul 2007, 12:13 pm
Reciprocal of America was the parent of ANLIR, also in receivership in Tennessee, and which was formerly the legal malpractice carrier endorsed by the Virginia State Bar. [read post]
2 Jul 2007, 2:40 pm
A share of the assets subject to a floating charge is reserved for distribution to unsecured creditors in priority to the chargeholder in an administration, liquidation or receivership (s176A Insolvency Act 1986 - see below). [read post]
2 Jul 2007, 2:40 pm
A share of the assets subject to a floating charge is reserved for distribution to unsecured creditors in priority to the chargeholder in an administration, liquidation or receivership (s176A Insolvency Act 1986 - see below). [read post]
28 Jun 2007, 7:10 am
  The DFS argues that MMA preemption is explicitly limited and inapplicable to receivership proceedings. [read post]
6 Jun 2007, 8:24 am
  The major changes in the new bill are provisions concerning surplus lines/nonadmitted insurers and the insolvency/guaranty funds.In the new bill, surplus lines is added as a type of business that a person with a federal producer’s license would be authorized to sell under the federal charter program; moreover, the new bill prohibits/preempts the levying of state premium taxes on surplus lines policies except in the state where the insured maintains its principal place of… [read post]
24 May 2007, 6:26 pm
Some that I wonder about are: (a) where does it say in the Code that administrative expenses come after secured claims (it was the other way around in receiverships with regard to "six month" claims) and (b) where exactly does it say that a chapter 11 debtor can't pay prepetition debts in the ordinary course of business? [read post]
21 May 2007, 7:51 am
For a person interested in the history of corporate bankruptcy, living in Northern New Jersey can be great fun, as every day provides reminders of the great bankruptcy cases of the past, particularly those involving the many railroads that once converged here, all of which were in receiverships and/or section 77 proceedings at various points in time. [read post]
16 May 2007, 8:44 am
  Lenders do enter into receivership or trusteeship arrangements, specifically so they can have somebody do the tough, active work to their satisfaction but without their direct involvement in management. [read post]
10 May 2007, 8:09 am
  Former mayor, former HUD regional administrator, today's happy receiver   Receivership, as the judge contemplates, is a remedy for incompetence or insubordination, not insolvency, a distinction the judge has chosen to overlook:   Still, Judge Kevin McCarthy has said the agency's troubled finances are no reason for the victims to remain unpaid. [read post]
10 May 2007, 6:29 am
And the average railroad went through 1 receivership (because several went through 2 to 4 during this period). [read post]
10 May 2007, 1:08 am
Yeh, well, okay, so I overdid it--an absence of sobriety in the marshalling of railroad receivership statistics. [read post]
9 May 2007, 9:37 am
Evidently nobody told them that bankruptcy created Cravath, just as Cravath created bankruptcy--the firm's roots are inextricably intertwined with the golden age of railway receiverships in the 19th Century. [read post]
8 May 2007, 2:48 am
Receivership prevents notice of intention from being given Melville Dundas Ltd. and Others v. [read post]
7 May 2007, 5:22 am
Here, the Appellate Division affirms the orders (1) approving the receiver's accounting; (2) awarding attorney's fees to the receiver, and (3) confirming the receiver's proposal to put $200,000 from the receivership account into an investment plan recommended by an investment broker and the mother had accepted. [read post]