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11 Oct 2022, 8:23 am
Companies can isolate newfound creditors to only the exposed toxic assets. [read post]
11 Oct 2022, 5:15 am
It is also useful to produce a list of know creditors and names and contact data of the decedent’s heirs. [read post]
10 Oct 2022, 6:00 pm
The post UK Supreme Court Rules on ‘Creditors’ Interest Duty’ appeared first on Brown Rudnick. [read post]
10 Oct 2022, 6:00 am
Defendants moved to dismiss the new claims on the grounds that plaintiffs were not creditors of the transferees, and thus lacked standing, and that plaintiffs had sought improperly to unwind transactions, rather than plead a right to payment. [read post]
9 Oct 2022, 5:33 am
Both the High Court and the Court of Appeal rejected BTI’s creditor duty claim. [read post]
8 Oct 2022, 5:30 am
Life happens, we do not set out to owe our creditors money we cannot payback. [read post]
6 Oct 2022, 5:23 pm
Under the MLA, creditors are required to disclose a “Statement of the MAPR,” advising that federal law provides protections to members of the Armed Forces and their dependents relating to extensions of consumer credit, and that the cost of that credit may not exceed an APR of 36%, including certain costs and fees. [read post]
6 Oct 2022, 8:18 am
Which law firms have the most experience representing creditor committees in Chapter 11 bankruptcies? [read post]
6 Oct 2022, 8:10 am
Like other Lex Machina modules, the Chapter 11 Bankruptcy Module provides insights into judges, courts, debtors, creditors, creditor committees, and trustees involved in Chapter 11 proceedings over the last 13 years. [read post]
6 Oct 2022, 8:00 am
These meetings include the meeting of creditors and the debtor’s examination. [read post]
5 Oct 2022, 11:30 pm
These payments are made with the intention that the payment is made “in full and final settlement” to a creditor, and the reason for this will be discussed in detail below. [read post]
5 Oct 2022, 5:41 am
The debts don’t get wiped out, but the creditors aren’t able to take your assets if you’re under a plan. [read post]
5 Oct 2022, 5:30 am
Once a creditor obtains a judgment against a debtor in order for the creditor to obtain payment from the debtor the creditor will attempt to enforce the judgment. [read post]
5 Oct 2022, 4:20 am
In this significant case for company law, the Supreme Court considered the existence, content and engagement of the so-called ‘creditor duty’ for the first time. [read post]
5 Oct 2022, 4:05 am
The creditor duty is not a free-standing duty that is owed to creditors. [read post]
4 Oct 2022, 2:57 pm
The Pension Benefit Guaranty Corporation (PBGC) insurance program is providing $192.8 million in funding to rescue the underfunded the Freight Drivers and Helpers Local Union No. 557 Pension Plan (the “Plan”). [read post]
4 Oct 2022, 9:57 am
The trust has creditor protection and tax benefits. [read post]
4 Oct 2022, 9:05 am
Substantively, this settlement is a reminder to all creditors and loan servicers to ensure that they are providing SCRA interest rate benefits for the entirety of servicemembers’ eligibility periods. [read post]
4 Oct 2022, 8:55 am
Here is the abstract: Sovereign borrowers needing debt relief in the 21st century must face three sets of creditors — commercial lenders (usually bondholders), traditional Paris Club government creditors and non-Paris Club bilateral creditors like China. [read post]
4 Oct 2022, 8:08 am
Before this amendment, a bankruptcy trustee or any creditor with a judgment could take control of the right to collect unpaid support and pay that money to creditors. [read post]
