Collection Industry News

SEPTEMBER 29, 2020

Just in Time: New Bankruptcy Relief for Small Businesses. million of third-party debt is set to expire early 2021. The clock is ticking for small businesses (with debt of less than $7.5 million) to take advantage of a new way to restructure under chapter 11 of the Bankruptcy Code. By Jerrold L. million to $7.5

Bankruptcy 45

Bankruptcy Creditors Debtor Lawyers 45

Debt RR

DECEMBER 13, 2019

These unsecured debts come in the form of payments for goods and services already received, royalties, commissions, or salaries. When a business starts skipping payments for these basic operational debts, it’s a major red flag that it’s in financial trouble. It’s a last-ditch effort to avoid a Chapter 7 liquidation bankruptcy.

Chapter 7 bankruptcy 42

Chapter 7 bankruptcy Bankruptcy Creditors Retail 42

BN Lawyers

SEPTEMBER 30, 2019

Proponents are confident that the Plan provides not only a framework to reduce the Commonwealth’s debt to sustainable levels, but a path to exit bankruptcy. The Plan, combined with the completed COFINA debt restructuring, reduces the maximum annual amount of government net-tax supported debt service from $4.2

Unsecured Creditor 40

Unsecured Creditor Unsecured Debt Government Bankruptcy 40