Bankruptcy and Manufacturing - Creditor Collections Today

E-Bike manufacturer goes into liquidation

UK debt collections

AUGUST 3, 2023

Amsterdam-based VanMoof, an e-bike manufacturer, has gone into liquidation in the UK. The bid comes after VanMoof’s declaration of bankruptcy, and the court of Amsterdam lifting the suspension of payment proceedings for VanMoof Global Holding BV, VanMoof BV, and VanMoof Global Support BV.

Manufacturing

Manufacturing Repossession Acquisition Bankruptcy

Bankruptcy Court Won’t Dabble in Case Concerning a Marijuana Business

PBWT

FEBRUARY 10, 2022

Like many other retail businesses, those dispensaries needed suppliers, who in turn needed manufacturers, who themselves needed to procure equipment. Rosinbomb manufactures and sells “organic extraction presses utilizing a combination of heat and pressure to generate organic concentrates.” ” In re Mayer , 2022 Bankr.

Bankruptcy

Bankruptcy Manufacturing Debtor Retail

Dudley Resources – Your Funding Source for Debtor Payments and Settlements

Collection Industry News

AUGUST 1, 2023

For instance, Company X, a manufacturing firm, found itself facing financial difficulties when one of its major clients filed for bankruptcy, leaving them with a substantial amount of unsold machinery and equipment. Partner with us to experience the power of strategic asset recovery for yourself or your debtor companies.

Debtor

Debtor Retail Startups Manufacturing

Regulatory Exception to Automatic Stay Allows Court to Hear Antitrust Case

ABI

JANUARY 19, 2024

John’s University School of Law American Bankruptcy Institute Law Review Staff Endo Pharmaceuticals (“Endo”) develops, manufactures, markets, and distributes prescription pharmaceutical products. Endo filed a notice of suggestion of bankruptcy and automatic stay of proceedings in the D.C. Kathleen Gatti St.

Bankruptcy

Bankruptcy Manufacturing Debtor Government

Releases: How Did We Get Here and What is Next?

PBWT

MARCH 28, 2022

Facing massive liability from current plaintiffs as well as an unknown and unknowable group of future plaintiffs, asbestos manufacturers filed for chapter 11. This approach became so widely accepted that it is now codified in the Bankruptcy Code. 2015) (upholding bankruptcy ruling approving third-party releases). § 524(g).

Debtor

Debtor Bankruptcy Manufacturing Retail

JUST IN TIME: NEW BANKRUPTCY RELIEF FOR SMALL BUSINESSES – NEW YORK LAW JOURNAL

Collection Industry News

SEPTEMBER 29, 2020

Just in Time: New Bankruptcy Relief for Small Businesses. million) to take advantage of a new way to restructure under chapter 11 of the Bankruptcy Code. million) to take advantage of a new way to restructure under chapter 11 of the Bankruptcy Code. million of third-party debt is set to expire early 2021. By Jerrold L.

Bankruptcy

Bankruptcy Creditors Debtor Lawyers

Trademark Licensees Take Note: The Supreme Court Might Review The Tempnology Decision — And Whether A Licensee Can Keep Trademark Rights After Rejection

In the Red

AUGUST 2, 2018

The twists and turns of the In re Tempnology LLC bankruptcy case have been a frequent subject on this blog for good reason. The case addresses whether a trademark licensee, whose licensor files bankruptcy and rejects the license agreement, retains any rights to use the trademark — or instead is out of luck. A Wild Ride.

Bankruptcy

Bankruptcy Debtor Manufacturing Trade

In A Major Victory For Trademark Licensees, Supreme Court Holds That Rejection Of A Trademark License Does Not Terminate The Licensee’s Rights

In the Red

MAY 21, 2019

v Tempnology, LLC case: Whether, under §365 of the Bankruptcy Code, a debtor-licensor’s “rejection” of a license agreement—which “constitutes a breach of such contract,” 11 U.S.C. One of its first motions in the bankruptcy case was to reject the Agreement and the focus quickly turned to the trademark license. 3d 382 (7th Cir.

Bankruptcy

Bankruptcy Debtor Manufacturing Law Firms

Five Key Provisions Construction Material Suppliers Should Include in Customer Credit Agreements

Jimerson Firm

JANUARY 23, 2023

Material suppliers in the construction industry will often need to extend credit to their contractor and subcontractor customers due to the payment cycle on construction projects that can often run 30 days, 60 days or even longer.

Construction

Construction Manufacturing Bankruptcy Judgment

Bed Bath & Beyond plans to liquidate all inventory and go out of business

Collection Industry News

APRIL 13, 2023

New YorkCNN — Bed Bath & Beyond, the store for seemingly everything in your home during the 1990s and 2000s, filed for bankruptcy on Sunday. The company secured a $240 million loan to help fund its operations during bankruptcy. A bankruptcy filing does not necessarily mean that a company is going out of business.

Bankruptcy

Bankruptcy Retail Manufacturing Loans

Online fashion giant served with winding up petition

UK debt collections

JUNE 10, 2022

It is claimed that Office workers at the online brand have stopped answering the phones as angry suppliers and debt collection agencies continually call demanding payment, a source within the company claims. But in March and April, payments to suppliers started becoming an issue again and sales were poor.

Retail

Retail Creditors Repossession Manufacturing

Supreme Court Expands Creditors’ by Allowing Denial of a Discharge Under Sec. 523(a)(2)(A) if Debtor Transfers Assets in Violation of State Fraudulent Transfer Statute

The Creditors Rights

JUNE 21, 2016

Section 523(a)(2)(A) of the Bankruptcy Code allows a creditor to obtain a judgment denying its debtor a discharge of debts incurred by false pretenses or actual fraud. Chrysalis Manufacturing Corp. Congress added the term “actual fraud” when it enacted the Bankruptcy Code in 1978. Ritz , 2016 WL 2842452 (2016).

Creditors

Creditors Debtor Bankruptcy Manufacturing

Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

FEBRUARY 8, 2021

Senators Tammy Baldwin, Sheldon Whitehouse, Sherrod Brown, Elizabeth Warren, and Richard Blumenthal introduced the Medical Bankruptcy Fairness Act of 2021. The act would reform the current bankruptcy code due to the COVID-19 pandemic. On February 2, U.S. For more information, click here.

Financial services

Financial services Foreclosure Student loans Student Loans

Waves of Small Business Insolvency expected over next few years

UK debt collections

SEPTEMBER 21, 2021

Euler Hermes’s forecasts are based on three indicators that can help detect small business insolvency and corporate distress four years before a bankruptcy. Automotive manufacturers and suppliers rank among are among the most exposed, with around 36% within the sector exposed to the risk of insolvency. “For

Manufacturing

Manufacturing Construction Government Bankruptcy

Creditor Collections Today

E-Bike manufacturer goes into liquidation

Bankruptcy Court Won’t Dabble in Case Concerning a Marijuana Business

Trending Sources

Dudley Resources – Your Funding Source for Debtor Payments and Settlements

Regulatory Exception to Automatic Stay Allows Court to Hear Antitrust Case

Releases: How Did We Get Here and What is Next?

JUST IN TIME: NEW BANKRUPTCY RELIEF FOR SMALL BUSINESSES – NEW YORK LAW JOURNAL

Trademark Licensees Take Note: The Supreme Court Might Review The Tempnology Decision — And Whether A Licensee Can Keep Trademark Rights After Rejection

In A Major Victory For Trademark Licensees, Supreme Court Holds That Rejection Of A Trademark License Does Not Terminate The Licensee’s Rights

Five Key Provisions Construction Material Suppliers Should Include in Customer Credit Agreements

Bed Bath & Beyond plans to liquidate all inventory and go out of business

Online fashion giant served with winding up petition

Supreme Court Expands Creditors’ by Allowing Denial of a Discharge Under Sec. 523(a)(2)(A) if Debtor Transfers Assets in Violation of State Fraudulent Transfer Statute

Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Waves of Small Business Insolvency expected over next few years

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