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31 Dec 2022, 6:00 am
It allows them to restructure their debts and get a fresh start, while also providing creditors with some level of protection. [read post]
30 Dec 2022, 7:21 pm
You’ll be required to disclose your assets, liabilities, and income as part of the petition, and you’ll also be required to attend a meeting with your creditors, known as the “341 meeting. [read post]
30 Dec 2022, 12:04 pm
The claimant applied for a declaration that he held the mortgage debt by subrogation, was entitled to payments and this debt post dated the mental health moratorium and so was not caught by it, or that that there was right to request a review under the subsequent extension of the mental health moratorium as an additional debt The High Court held i) The claimant had acted under a mistake, the defendant had been unjustly enriched as a result, and the claimant was subrogated to the mortgage… [read post]
30 Dec 2022, 7:13 am
., company/seller, creditors, advisers), and the deal closes. [read post]
30 Dec 2022, 4:05 am
According to an Open Letter from the Official Committee of Unsecured Creditors recommending that abuse victims vote to accept the plan:Under the Plan, the Debtor, its affiliates and their insurers will create a settlement fund of approximately $121.5 million (the “Settlement Amount”) upon the effective date of the Plan. [read post]
28 Dec 2022, 11:18 am
., company/seller, creditors, advisers), and the deal closes. [read post]
25 Dec 2022, 5:00 pm
Apparently, the duped parties were able to delay the foreclosure by forcing the entity that owns the building into bankruptcy, and the AG has appeared in that proceeding, which will provide an opportunity to negotiate with the developer’s creditors. [read post]
23 Dec 2022, 9:03 pm
AKV, an association to protect creditor rights recognized by Austrian authorities, deals with insolvency cases in courts. [read post]
23 Dec 2022, 6:36 am
For example, in the event of litigation, creditors or other parties may be able to use the information disclosed in your company’s Chapter 11 filing to their advantage. [read post]
23 Dec 2022, 5:48 am
Not only can trusts and foundations help protect assets, but an effectively crafted estate plan can protect assets from attachment by outstanding creditors as well. [read post]
23 Dec 2022, 3:58 am
The post Ranking Creditors: Chinese Companies are Dead Last. appeared first on Harris Bricken Sliwoski LLP. [read post]
22 Dec 2022, 4:48 pm
The post Look At The Biglaw Firm Representing The FTX Creditors Committee appeared first on Above the Law. [read post]
22 Dec 2022, 2:02 pm
For the repossession to be legal, the creditor must file a lawsuit against the family and obtain the official order from a judge. [read post]
22 Dec 2022, 8:00 am
Simply put, the creditor cannot have his cake and eat it too. [read post]
22 Dec 2022, 8:00 am
Simply put, the creditor cannot have his cake and eat it too. [read post]
22 Dec 2022, 6:20 am
As part of the bankruptcy process, a bondholder committee was formed to allegedly protect the rights of L-Bond owner/creditors. [read post]
22 Dec 2022, 2:55 am
To raise capital, one option for firms and governments is to sell bonds, paying interest to creditors who purchase the bonds. [read post]
21 Dec 2022, 6:34 am
Photo by Tierra Mallorca on Unsplash For most people, it can be very scary when a lawsuit is filed against them. [read post]
21 Dec 2022, 5:30 am
In exchange for this huge debt relief, a person who files for bankruptcy (aka the “debtor”), is required to make payments to creditors in a chapter 13 repayment plan and, in some circumstances, is required to surrender property to pay creditors in a chapter 7 case. [read post]
21 Dec 2022, 3:57 am
The appellant contended that its outstanding fees were payable in priority to sums payable to other creditors in PHRL’s liquidation and asserted an equitable lien over sums of money recovered or preserved in the course of the London Litigation. [read post]
