Remove Creditors Remove Loans Remove Retail Remove Unsecured Creditor
article thumbnail

Recent Decision on Derivative Standing by a Creditors’ Committee to Challenge a Lender’s Liens

PBWT

In many chapter 11 cases, creditors’ committees can play a vital role in maximizing the recoveries of unsecured creditors. But the powers of creditors’ committees are circumscribed by both the Bankruptcy Code and case law. Bankruptcy Judge Joseph N. ’" Id. at *4 (citing In re Baltimore , 432 F.3d

article thumbnail

Ex TV Channel boss banned from being a Company Director

UK debt collections

But five unsecured creditors – owed a total of £347,860 – are unlikely to see the return of any of their money. The paperwork also revealed Mr Johnson had an outstanding loan of £100,000 from Rhino TV and had been asked to provide a sworn statement of his assets, liabilities, income and expenditure.

article thumbnail

How Businesses Use Corporate Debt Restructuring for Liquidity

Debt RR

Debts can quickly cripple a business, and negotiating more favorable terms with creditors is usually the best way out. Many businesses are both debtors and creditors. Creditors can cut their losses, and everyone can come to an agreement on how to move forward with a deal that benefits everyone involved. Past-Due Secured Debt.