PBWT

MAY 22, 2022

When a firm files for bankruptcy, SIPC provides insurance coverage that will help replace or restore the customers’ cash and investments. Should a firm file for bankruptcy, customers’ investments held in custodial wallets might be considered property of the bankrupt company.

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Bankruptcy Debtor Creditors Unsecured Creditor 109

Burr Forman

JANUARY 26, 2022

Meek have been recognized in the January 2022 issue of Lawdragon’ s “500 Leading Bankruptcy & Restructuring Lawyers” List. Lawdragon says, “The start of the pandemic brought expectations for mountains of commercial bankruptcy work. Golden was named in the Bankruptcy & Commercial Litigation specialty.

Lawyers 52

Lawyers Bankruptcy Unsecured Creditor Creditors 52

PBWT

FEBRUARY 7, 2021

A seat at the table: this is what you likely want when your financial interests are drawn into a bankruptcy court proceeding. This is especially true if you’re a creditor in a chapter 11 case. filed for bankruptcy under chapter 11, subchapter V of title 11 of the Bankruptcy Code. In re Fred Bressler , No.

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Creditors Bankruptcy Unsecured Creditor Unsecured Debt 73

Debt Free Colorado

JANUARY 27, 2022

You’ve undoubtedly heard of bankruptcy. Some people swear they’ll never file bankruptcy, while others regularly use it as a tool. Our competent bankruptcy attorney at Dray Legal can explain this in more detail. Our competent bankruptcy attorney at Dray Legal can explain this in more detail.

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Bankruptcy Chapter 7 bankruptcy Unsecured Creditor Debtor 75

PBWT

JANUARY 29, 2023

In 2022, there were several high-profile crypto bankruptcy filings. A big question in these cases is whether there will be any money to satisfy unsecured creditor claims. If there are funds to distribute, then the creditors’ claims will become more valuable, and the cases will become even more interesting.

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Bankruptcy Debtor Creditors Unsecured Creditor 65

Jimerson Firm

FEBRUARY 11, 2022

A construction project to a screeching halt when a property owner files for bankruptcy, creating a serious risk of substantial losses for the contractor, as well as subcontractors and suppliers. What Happens When a Property Owner Files for Bankruptcy? The Impact of Bankruptcy on the Construction Contract. See 11 U.S.C. §

Construction 98

Construction Bankruptcy Secured Creditor Debtor 98

Sawin & Shea

JANUARY 12, 2022

Debt elimination is typically one of the primary reasons a debtor will pursue bankruptcy. While filing for bankruptcy is often the best course of action if you are overwhelmed by debt and struggling to stay afloat, it’s important to understand what debts can and cannot be discharged in bankruptcy. How Debt Discharge Works.

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Student loans 52

Sawin & Shea

APRIL 10, 2024

Chapter 7 bankruptcy is a great financial solution for those struggling with debt, especially unsecured debts. With Chapter 7 bankruptcy, you as the debtor can discharge most unsecured obligations after liquidating nonexempt assets. For experienced bankruptcy lawyers in Indiana, contact Sawin & Shea, LLC.

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Chapter 7 bankruptcy Bankruptcy Debtor Unsecured Creditor 52

PBWT

JANUARY 30, 2023

The concept of “property of the estate” is important in bankruptcy because it determines what property can be used or distributed for the benefit of the debtor’s creditors. A recent decision from the United States Bankruptcy Court of the Southern District of New York illustrates such a situation.

Bankruptcy 65

Bankruptcy Debtor Unsecured Creditor Creditors 65

Fraser

JUNE 25, 2020

It should come as no surprise, therefore, that the economic downturn has led to a surge in corporate bankruptcy filings. According to data from Epiq Global, 722 companies sought bankruptcy protection around the U.S. For creditors to maximize their recoveries, they must stay informed and take action during a bankruptcy proceeding.

Creditors 72

Creditors Bankruptcy Unsecured Creditor Debtor 72

PBWT

MARCH 7, 2021

It is well known in the restructuring world that a debtor in bankruptcy can’t get a PPP loan. The debtor’s motion to dismiss drew creditor opposition. But the court concluded that allowing the debtor out of bankruptcy to seek a PPP loan made sense. The bankruptcy stayed the arbitration against the debtor.

Debtor 65

Debtor Bankruptcy Loans Unsecured Creditor 65

ABI

JANUARY 22, 2024

John’s University School of Law American Bankruptcy Institute Law Review Staff Under chapter 12 of title 11 of the United States Code (the “Bankruptcy Code”), a family farmer or fisherman can restructure its debts. In a Chapter 12 bankruptcy, the debtor generally proposes a plan for repaying creditors from future earnings. [1]

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Secured Creditor Creditors Bankruptcy Unsecured Creditor 40

ABI

JANUARY 23, 2024

John’s University School of Law American Bankruptcy Institute Law Review Staff Section 365(a) of title 11 of the United States Code (the "Bankruptcy Code") allows a bankruptcy trustee to assume and assign an executory contract of the debtor. [1] at *8 (citing Unsecured Creditors’ Comm. 11] Id.

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Unsecured Creditor Bankruptcy Debtor Creditors 40

Sawin & Shea

SEPTEMBER 22, 2021

If you are married and preparing to file for bankruptcy, you may be wondering how it will affect your spouse. While you can file individual bankruptcy, there are still potential consequences for your spouse. What Happens to Our Property When I File for Bankruptcy? What Happens to Property Transfers When I File for Bankruptcy?

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Unsecured Creditor 52

Sawin & Shea

SEPTEMBER 22, 2021

If you are married and preparing to file for bankruptcy, you may be wondering how it will affect your spouse. While you can file individual bankruptcy, there are still potential consequences for your spouse. What Happens to Our Property When I File for Bankruptcy? What Happens to Property Transfers When I File for Bankruptcy?

Bankruptcy 52

Bankruptcy Chapter 7 bankruptcy Unsecured Creditor Creditors 52

Sawin & Shea

SEPTEMBER 21, 2022

Filing for Chapter 13 bankruptcy can be both challenging and stressful. An increase in income will likely impact your Chapter 13 repayment plan, and you are obligated to report wage increases to your bankruptcy trustee. For experienced Chapter 13 bankruptcy attorneys in Indiana , contact the offices of Sawin & Shea, LLC.

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Chapter 13 bankruptcy Bankruptcy Unsecured Creditor Lawyers 94

Sawin & Shea

APRIL 17, 2024

Chapter 13 bankruptcy is an invaluable financial tool for those struggling with overwhelming debt, and it can pave the way for a fresh start. Unlike Chapter 7 , Chapter 13 bankruptcy allows you to avoid liquidating your non-exempt assets. What Is a Chapter 13 Bankruptcy Filing?

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 52

PBWT

APRIL 6, 2021

Unsecured Creditors Committee et al. , Bankruptcy Court for the District of New Mexico confirmed a plan that had been proposed by the unsecured creditors' committee. The debtor hired a criminal defense attorney, but the bankruptcy court denied the debtor’s application to retain defense counsel.

Unsecured Creditor 65

Unsecured Creditor Debtor Bankruptcy Creditors 65

Foster Swift

JULY 8, 2020

A Chapter 13 bankruptcy plan requires a debtor to satisfy unsecured debts by paying all “projected disposable income” to unsecured creditors over a five-year period. In a recent case before the U.S. 1] Read More › Tags: 6th Circuit Court of Appeals , Chapter 13.

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Chapter 13 bankruptcy Unsecured Creditor Unsecured Debt Debtor 52

Debt RR

APRIL 22, 2021

Now you hear the dreaded news: Your non-paying customer is filing for bankruptcy. However, if the debtor owes a significant amount, you may want to consider pursuing the debt in bankruptcy court. A Chapter 11 commercial bankruptcy filing is a serious legal matter that brings its own unique set of time constraints.

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Debtor Unsecured Creditor Bankruptcy Creditors 54

PBWT

OCTOBER 28, 2020

In December of last year, we wrote about the Fifth Circuit’s two decisions – Ultra I , from January 2019, and Ultra II , from December, which replaced Ultra I – regarding make-whole claims in the Ultra Petroleum bankruptcy cases. The Fifth Circuit remanded this question to the Bankruptcy Court. You can find it here.

Debtor 52

Debtor Bankruptcy Unsecured Creditor Creditors 52

PBWT

OCTOBER 20, 2020

In an important affirmation of the rights and duties of a creditors’ committee, Bankruptcy Judge David T. 1] Prior to filing for bankruptcy in 2018, the Roman Catholic Church of the Archdiocese of Santa Fe reportedly made transfers totaling more than $150 million to certain trusts. the actual, necessary expenses.

Bankruptcy 52

Bankruptcy Debtor Unsecured Creditor Creditors 52

PBWT

JULY 8, 2020

These claims are entitled to priority for actual and necessary goods and services supplied to a debtor in bankruptcy. The goods or services must result in a benefit to the bankruptcy estate. In Whistler’s bankruptcy case, Nabors filed an administrative expense claim in the amount of $4.32 § 503(b)(1)(A).

Bankruptcy 52

Bankruptcy Unsecured Creditor Secured Creditor Debtor 52

ABI

JANUARY 19, 2024

John’s University School of Law American Bankruptcy Institute Law Review Staff An unpaid secured lender with a prepetition mortgage does not have a right to receive payment of proceeds from a postpetition sale of real property. 2] In 2022, the Debtor commenced a chapter 11 bankruptcy case. [3]

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Secured Creditor Bankruptcy Debtor Collateral 40

Troutman Sanders

JANUARY 10, 2023

At the time Celsius filed for bankruptcy on July 13, 2022, it had approximately 600,000 Earn Accounts, which consisted of $4.2 At the time Celsius filed for bankruptcy on July 13, 2022, it had approximately 600,000 Earn Accounts, which consisted of $4.2 For more information, click here. On January 4, the U.S.

Financial services 52

Financial services Unsecured Creditor Bankruptcy Banks 52

Troutman Sanders

NOVEMBER 8, 2023

Ultimately, the plaintiff filed for chapter 7 bankruptcy protection, listed the defendant as an unsecured creditor, and obtained a discharge of her debt. The defendant offered a “pause” program that allowed the plaintiff to suspend service for up to nine months at a cost of $5 per month, which the plaintiff accepted.

Creditors 52

Creditors Chapter 7 bankruptcy Unsecured Creditor Debt collector 52

ABI

JANUARY 13, 2022

American Bankruptcy Institute Law Review Staff. . In In re Marlena Joy Pizzo , the United States Bankruptcy Court for the District of South Carolina held that a debtor may voluntarily contribute to her retirement plan while paying creditors under a bankruptcy plan. [1] Tags: Consumer Bankruptcy

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Debtor Creditors Unsecured Creditor Chapter 7 bankruptcy 40

PBWT

OCTOBER 27, 2021

In many chapter 11 cases, creditors’ committees can play a vital role in maximizing the recoveries of unsecured creditors. But the powers of creditors’ committees are circumscribed by both the Bankruptcy Code and case law. Bankruptcy Judge Joseph N. ’" Id. 3d 96, 100 (2d Cir.

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Creditors Debtor Collateral Unsecured Creditor 59

ABI

JANUARY 19, 2024

While the arbitration was pending, Debtor filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code, which resulted in a stay of the arbitration. [7] 8] Under the Bankruptcy Code, Debtor was required to cure any defaults in the Ground Lease before it could be assumed. [9] Matthew Hanauer St.

Debtor 40

Debtor Bankruptcy Unsecured Creditor Retail 40

PBWT

JULY 28, 2022

In addition, one major cryptocurrency exchange platform recently warned investors that, in the event of bankruptcy, its users’ assets may be treated as property of the estate, which would leave users in the unfortunate position of being treated as unsecured creditors. Then, the bankruptcy filings actually started.

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Bankruptcy Unsecured Creditor Trade Loans 65

PBWT

JULY 25, 2021

Debtors are permitted to pay them amounts owing when a bankruptcy case is filed. Accordingly, critical vendors often recover more on their pre-petition claims than other unsecured creditors. In other words, critical vendors could receive a full recovery, while other creditors only receive a fraction of what they are owed.

Debtor 65

Debtor Bankruptcy Unsecured Creditor Creditors 65

Sawin & Shea

APRIL 24, 2024

Before someone makes a bankruptcy filing, it is not uncommon for debtors to feel as if they have to make some tough decisions. Which creditors can they pay? This typically occurs because the debtor doesn’t have the money to pay all of their creditors, so they feel they need to rank which ones are more important to pay first.

Bankruptcy 52

Bankruptcy Unsecured Creditor Debtor Creditors 52

ABI

JANUARY 12, 2022

1] Facing litigation by, among others, the Attorney General for the State of New York, the National Rifle Association and an affiliate filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in Texas. [2] of Unsecured Creditors v. Tags: Bankruptcy Litigation John’s University School of Law.

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Bankruptcy Unsecured Creditor Debtor Creditors 40

Sawin & Shea

MARCH 23, 2021

Car repossession is one of the many reasons people contact the Indiana bankruptcy attorneys here at Sawin & Shea. You may still have the option of keeping your car through bankruptcy. Bankruptcy Offers a Way to Keep Your Vehicle. Filing for Bankruptcy ASAP. Let’s look at what you can do to prevent losing your car.

Repossession 52

Repossession Chapter 13 bankruptcy Bankruptcy Creditors 52

ABI

JANUARY 22, 2023

John's University School of Law American Bankruptcy Institute Law Review Staff In In re PG&E Corp. , the United States Court of Appeals for the Ninth Circuit held that solvent-debtors are required to pay unimpaired creditors their bargained for post-petition interest rate. [1] 1] In January 2019, PG&E Corp.

Debtor 40

Debtor Bankruptcy Creditors Unsecured Creditor 40

Hudson Weir

SEPTEMBER 11, 2023

Naturally, this could have significant implications for directors’ financial situation and in some cases, it leads to bankruptcy. Personal debt solutions, aside from declaring bankruptcy, include starting an individual voluntary arrangement (IVA). Summary: Unsecured and secured loans – what if a company can’t repay?

Loans 52

Loans Collateral Secured Creditor Unsecured Creditor 52

CICM

JUNE 9, 2021

Preferential creditors – employees of the company owed arrears of wages and holiday pay. Secondary preferential creditors – some HMRC arrears. Secured creditors – with a floating charge. Unsecured creditors. Creditors’ Voluntary Liquidation (CVL) report. 10% in number of creditors. 10 creditors.

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Unsecured Creditor Secured Creditor Creditors Credit Management 40