Collection Industry News

SEPTEMBER 29, 2020

Just in Time: New Bankruptcy Relief for Small Businesses. A unique opportunity for Chapter 11 restructuring of small businesses with up to $7.5 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.

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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. See 11 U.S.C. § Mahwah Bergen Retail Group, Inc. § 524(g).

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Debtor Bankruptcy Manufacturing Retail 65

Debt RR

DECEMBER 13, 2019

Businesses that file for Chapter 11 bankruptcy have all of their affairs (debts, assets, or otherwise) reorganized by a judge. It’s a last-ditch effort to avoid a Chapter 7 liquidation bankruptcy. Retailers Gymboree, Charlotte Russe, Payless, Roberto Cavalli, and Diesel filed Chapter 7 bankruptcies in 2019.

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Chapter 7 bankruptcy Bankruptcy Creditors Retail 43

Fraser

JULY 7, 2020

While much attention has been paid to the struggles of businesses, such as restaurants and retail establishments, to survive the economic downturn wrought by the COVID-19 pandemic, those who lend to such businesses for the purchase of real estate are also dealing with the fallout.

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Collection Industry News

OCTOBER 21, 2022

Leisure and retail property vacancy rates also remain above pre-pandemic levels, Local Data Company figures show, at 10.6% Footfall at UK retail destinations is down around 15% on average in 2022 compared to 2019, according to Springboard data. respectively. HSBC (HSBA.L) But the government’s Sept.

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Retail Lender Loans Acquisition 40

Troutman Sanders

DECEMBER 27, 2022

Critically, the SEC asserted that FTT, the native token of the FTX exchange platform, “was offered and sold as an investment contract” at the time of its 2019 offering and was therefore a security. DFS will host a webinar to provide an overview of the proposed guidance on January 11, 2023 at 10:30 a.m. For more information, click here.

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