ABI

JANUARY 19, 2024

In 2017, Allegiance Bank loaned Burts Construction, Inc. the “Debtor”) $1.5 The loan was secured by a lien on “all assets of the debtor, including all accounts.” [1] 1] In May of 2020, Allegiance filed a UCC-1 Financing Statement with the Texas Secretary of State to perfect its lien on the debtor’s assets. [2]

Secured Creditor 40

Secured Creditor Bankruptcy Debtor Collateral 40

Fraser

JUNE 25, 2020

The petition date is the date on which a debtor files a chapter 11 bankruptcy proceeding. The debtor is required to serve all known creditors with notice of the commencement of the chapter 11 case. Such relief may include a request to pay some unsecured creditors (such as employees or “critical vendors”) ahead of others.

Creditors 72

Creditors Bankruptcy Unsecured Creditor Debtor 72

Hudson Weir

APRIL 15, 2021

Debentures are typically used by traditional lenders like banks to provide funding to large companies. This may include stock, cash, raw materials, debtors, fixtures and fittings, vehicles or intellectual property. This gives the lender a means of collecting the debt if the borrower cannot pay. Fixed charge debenture.

Unsecured Creditor 52

Unsecured Creditor Lender Creditors Secured Creditor 52

ABI

JANUARY 12, 2022

In In re Roman Catholic Church of Archdiocese of Santa Fe , the United States Bankruptcy Court for the District of New Mexico, held, in a matter of first impression, that bankruptcy courts have authority to confer derivative standing on creditors or committees to assert claims. [1] Union Planters Bank, N.A. the only trustee. [3]

Debtor 40

Debtor Bankruptcy Unsecured Creditor Creditors 40

Hudson Weir

MAY 13, 2021

Financial institutions, for example banks, will normally seek some kind of security when lending money. The bank requires genuine reassurance they can regain the money lent, should the loanee be unable to pay it back. The bank requires genuine reassurance they can regain the money lent, should the loanee be unable to pay it back.

Unsecured Creditor 52

Unsecured Creditor Lender Creditors Banks 52

PBWT

OCTOBER 20, 2020

Thuma of the United States Bankruptcy Court for the District of New Mexico has confirmed that a bankruptcy court may confer derivative standing on a committee to assert estate claims if a debtor in possession declines to assert them. [1] Union Planters Bank , 530 U.S. In In re Fox , 305 B.R. 912 (10th Cir. 1 (2000), was dispositive.

Bankruptcy 52

Bankruptcy Debtor Unsecured Creditor Creditors 52

Sawin & Shea

APRIL 17, 2024

The reason why creditors prefer you file Chapter 13 is because Chapter 7 bankruptcy discharges unsecured debts after the trustee liquidates nonexempt assets. This means that unsecured creditors, such as credit card companies, won’t receive what the debtor owes.

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 52

Debt RR

DECEMBER 13, 2019

Banks can seize business assets and liquidate as a last resort to cut their losses. Many businesses are both debtors and creditors. Secured Creditors. Unsecured Creditors. The lower a creditor is on the list, the less likely it is to receive a payout during liquidation. Noteholders. Management.

Chapter 7 bankruptcy 43

Chapter 7 bankruptcy Bankruptcy Creditors Retail 43