Search for: "Debtors and Debtors in Possession"
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28 Jan 2014, 9:28 am
The debtor still owns the personal property and retains possession of it, but the creditor also has an interest in it as well. [read post]
2 Apr 2015, 2:20 pm
” Is this money which is with the trustee “in the possession” of the debtor? [read post]
9 Feb 2010, 7:25 pm
After gaining possession of the stock the creditor can take all the assets of the corporation, such as bank accounts and accounts receivable, and the creditor can close the corporate business. [read post]
9 Feb 2010, 7:25 pm
After gaining possession of the stock the creditor can take all the assets of the corporation, such as bank accounts and accounts receivable, and the creditor can close the corporate business. [read post]
22 Dec 2014, 9:21 am
If a settlement of a claim is expected in the near future, most debtors are better off filing a Chapter 7 case so that they can be free of debt before they obtain possession of a large settlement. [read post]
24 Jan 2022, 11:49 am
These assets include some equity in a debtor’s home, cars, tools, jewelry, personal possessions, some cash and accounts, and some other assets. [read post]
9 Jun 2015, 5:23 pm
” The term “Company” was defined as IEAM, its subsidiaries, and “any such organization as debtor-in-possession. [read post]
5 Feb 2010, 9:31 pm
Earnings are defined to include compensation received by the judgment debtor, in the possession of the judgment debtor, held in accounts in a bank or any other financial institution, or, in the case of a receivable, compensation that is due the judgment debtor. [read post]
8 Apr 2014, 4:18 pm
The Bankruptcy Court found that the debtor did not possess the requisite intent to live permanently at the property on the date of the filing of the bankruptcy case and that he had therefor abandoned the property as being his homestead. [read post]
21 Jan 2010, 3:11 pm
Sometimes because those possessing the judgments do not know how to access the judgment debtor’s assets, but more often than not it is because they do not have any…well, at least not enough to pay off the judgment. [read post]
16 Apr 2014, 9:00 am
it appears that a debtor can exempt up to the $15,000 of his interest in a lot of land and buildings thereon "rightly possessed by lease or otherwise" and occupied by him or her as a residence. [read post]
19 Mar 2020, 10:35 am
Introduction Murray Metallurgical Coal Holdings, LLC (“Met Holdings”) and its affiliated debtors and debtors in possession (collectively, the “Debtors”) have filed a motion—commonly known as a “critical vendors motion”—seeking authority to pay the prepetition claims of certain creditors that supply them with critical goods and services (the “Motion”) (Doc. 8). [read post]
23 May 2013, 12:38 pm
CPLR § 5225(b) to an entity that does not have actual possession or custody of a debtor’s assets, but whose subsidiary might have possession or custody of such assets? [read post]
29 Feb 2020, 1:43 pm
The Debtor’s Case Must Be Simple. [read post]
16 Sep 2009, 5:59 pm
In Chapter 11, the debtor will typically retain possession of assets and continue to operate the business. [read post]
29 Jul 2013, 8:25 am
As a debtor in possession, the corporation's board of directors and management remain in control -- literally "in possession" -- of the company's assets. [read post]
30 Oct 2018, 11:00 am
Delaware Case No. 17-12560-KJC) has overruled the final objection to the Chapter 11 Liquidation Plan (“Plan”) for the Woodbridge Group of Companies, LLC and its affiliated debtors in possession (collectively, “Woodbridge” or the “Debtors”). [read post]
6 Jun 2007, 3:12 pm
He has represented a wide variety of constituencies in bankruptcy and troubled debt matters, including secured creditors, lessors, credit enhancers, indenture trustees, Chapter 11 and 7 trustees, debtors-in-possession, creditors' committees, and acquiring parties and their lenders.Click here for full biographyE-mail: dmccarty@sheppardmullin.com [read post]
14 Jun 2013, 11:11 am
Debtors often wonder what will happen to their car when they file bankruptcy. [read post]
28 Dec 2012, 6:00 am
Centennial will continue operations as a debtor-in-possession under the Chapter 11 Bankruptcy Code. [read post]
