Remove 2012 11
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Business Insolvencies at their highest since 1993

UK debt collections

Scotland and Northern Ireland, which have different bankruptcy laws to England and Wales, recorded the highest numbers of company insolvencies last year since 2012 and 2019 respectively, The Insolvency Service added. Many analysts expect the Bank of England to begin to cut interest rates from May or June.

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U.S. Bankruptcy Court Rejects Safe Harbor Claims of Bahraini Entities Seeking Setoff Rights

ABI

(“Tadhamon”), a Bahraini corporation, and Bahrain Islamic Bank (“BisB”), an Islamic commercial bank, could not assert rights of setoff under Bahraini Law and that no safe harbor provisions in title 11 of the United States Code (the “Bankruptcy Code”) protected them from returning owed funds. [1] 14]. . $20 Id at 444. [5]

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Equitable Mootness Applied Again: The Fifth Circuit Refuses to Hear an Appeal

PBWT

Equitable mootness is judge-made doctrine that arises during appeals of bankruptcy court orders, most often appeals of orders confirming chapter 11 plans. In May 2020, it filed for chapter 11 and, several months later, confirmed a plan. at *8 and 11. R2 Investments, LDC v. Charter Comm. (In In re Charter Comm.) , 691 F.3d

Debtor 65
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Determining a Debtor’s Center of Main Interest in a Highly Integrated Enterprise

ABI

Under Chapter 15 of title 11 of the United States Code (the “Bankruptcy Code”), a court may grant recognition to a debtor’s foreign proceeding as a foreign main or nonmain proceeding depending on the location of a debtor’s center of main interest (“COMI”) or establishment. [1] 11] Moreover, the facts did not rebut the presumption. [12]

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Debtors do not have the Burden to Prove Section 523(a)(8) applies to their Loans

ABI

American Bankruptcy Institute Law Review Staff. . Section 523 of Title 11 of the United States Code (the “Bankruptcy Code”) generally provides that a student loan cannot be discharged unless it would impose “undue hardship” on the debtor. [1] 1] See 11 U.S.C. § 11] See id at *1. [12] 14] See 11 U.S.C. §

Debtor 40
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Non-Income Producing Properties that Never Operated can be Single Asset Real Estate Under the Bankruptcy Code

ABI

John's University School of Law American Bankruptcy Institute Law Review Staff Title 11 of the United States Code (the “Bankruptcy Code”) contains certain provisions addressing “single asset real estate” or “SARE.” [i] i] See 11 U.S.C. § 101(51B); 11 U.S.C. § ii] 11 U.S.C. § at *2 (citing 11 U.S.C. §

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Debtor Allowed to Make Voluntary Contributions to Retirement Fund While Repaying Creditors

ABI

1] Following the filing of her petition for relief under Chapter 13 of title 11 of the United States Code (the “Bankruptcy Code”), Marlena Pizzo proposed a bankruptcy plan that would allow her to continue making contributions to her retirement plan, thereby resulting in unsecured creditors receiving less than 100% of their claims.

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