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28 Mar 2016, 12:24 pm
While the bankruptcy trustee (in this case, the Creditors Committee, by delegation) had the power to pursue these claims (under section 544(b)), it chose not to, most likely because section 546(e) prohibited it from doing so. [read post]
5 May 2022, 9:01 pm
One option is to encourage the formation of two separate Official Committees of unsecured creditors such as a bondholders’ committee as well as a committee for other general unsecured creditors. [read post]
7 Mar 2010, 12:06 pm
The members of the Creditors' Committee are: Design Design, Inc. [read post]
14 Jul 2010, 12:30 am
Also yesterday, Bankruptcy Judge Dorothy Eisenberg entered an order scheduling an expedited hearing on the Creditors' Committee's motion. [read post]
17 Nov 2010, 10:29 am
Well played, lawyers for the Lehman Brothers' creditors committee. [read post]
10 Apr 2008, 9:03 am
Bankruptcy Court in Delaware, authorized the committee of unsecured creditors in the Fedders North America, Inc. bankruptcy to file a lawsuit on behalf of the bankruptcy estate. [read post]
13 Apr 2010, 6:11 pm
The unsecured creditors’ committee wants to pay 11-lawyer McGrane Greenfield $1 million up front to pursue more than $58 million it says the banks shouldn’t have. [read post]
8 Mar 2010, 9:31 am
According to the news release from the committee, the program provides grants to state programs that "help agricultural producers, their creditors and various agencies address disputes, including loan problems and USDA adverse decisions. [read post]
22 Jul 2008, 12:05 am
The firm of Sonnenschein Nath & Rosenthal which represented the Creditor's Committee for the month before the chapter 11 case was converted to chapter 7 has filed a fee application seeking $235,000 in fees. [read post]
27 Jun 2013, 8:44 am
Watts The United States Bankruptcy Court for the District of Delaware (the “Court”) recently upheld a $23.7 million make-whole payment (the “Make-Whole Payment”) in In re School Specialty (Case No. 13-10125), denying the assertion by the Official Committee of Unsecured Creditors (the “Committee”) that the fee is unenforceable under the United States Bankruptcy Code and applicable state law. [read post]
30 Apr 2009, 12:50 am
If you jam your assets into a trust AFTER creditors come into existence, the trust won't protect your assets from creditors who extended credit before the trust came into existence. [read post]
13 Aug 2014, 12:11 pm
A recent Finance Committee report criticizes banks' refusal to write down secured debt, as "this stance is in direct contravention to stated Government policy. [read post]
13 May 2024, 10:00 pm
Creditors' Committee Objections Review this discussion of common creditors' committee objections in Chapter 11 bankruptcy cases. [read post]
13 Sep 2011, 9:50 am
I think this is already the rule in Colorado, and such a rule could inappropriately eliminate entity-based defenses available to managers in derivative cases and procedural protections such as special litigation committees. [read post]
22 Dec 2008, 9:41 pm
The creditors' committee includes committee co-chairs JPMorgan Chase & Co. and Warner Bros. [read post]
17 May 2010, 5:21 pm
The motion was opposed by the Official Committee of Unsecured Creditors appointed in PTC's bankruptcy cases, but only to the extent that the appointment of a retiree committee could result in additional professional fees to the bankruptcy estates. [read post]
9 Nov 2011, 4:32 pm
An official committee of unsecured creditors in the Chapter 11 case of derivatives and commodities broker MF Global Holdings has hired Dewey & LeBoeuf as counsel, while a SIPC trustee from Hughes Hubbard & Reed has filed papers with a U.S. district court showing that the firm is willing to discount its hourly rates by 10 percent to work on the case. [read post]
15 Jun 2008, 2:43 pm
If this second mechanism includes addressing claims of creditors, the panel recognizes that legislation to integrate this mechanism with the judicial bankruptcy process may be necessary. [read post]
6 Jun 2007, 3:46 pm
Brunette specializes in Creditors' Rights, commercial litigation and business bankruptcy representing creditors, trustees, and creditors committees. [read post]
6 Jun 2007, 3:46 pm
Brunette specializes in Creditors' Rights, commercial litigation and business bankruptcy representing creditors, trustees, and creditors committees. [read post]
