ABI

JANUARY 12, 2022

1] In 2012, the Archdiocese of Santa Fe (“Debtor”) along with its 90 parishes began restructuring its assets after creating the Archdiocese of Santa Fe Real Estate Corporation (“RE Corp.”). [2] 2] Debtor then created a real estate trust and a financial assets trust, both effective January 1, 2013, and made RE Corp. the only trustee. [3]

Debtor 40

Debtor Bankruptcy Unsecured Creditor Creditors 40

PBWT

AUGUST 13, 2020

On Friday August 7th, the NAACP filed a motion to intervene in the chapter 11 bankruptcy cases of Purdue Pharma L.P. and its affiliated debtors (collectively, “ Debtors ”). [1] 11] And according to recent WSJ reporting, the DOJ is seeking as much as $18.1 August 7, 2020) (“ Motion ”). [2]

Bankruptcy 65

Bankruptcy Debtor Lawyers Government 65

PBWT

JULY 20, 2021

The Bankruptcy Code grants the power to avoid certain transactions to a bankruptcy trustee or debtor-in-possession. See, e.g., 11 U.S.C. §§ June 11, 2021). §§ 544, 547–48. Is there a general requirement that these avoidance powers only be used when doing so would benefit creditors? Glove, Inc. ,

Creditors 65

Creditors Bankruptcy Debtor Manufacturing 65

ABI

JANUARY 13, 2021

In response to the economic fallout of the global COVID-19 pandemic, Congress passed the CARES Act, a part of which made government-guaranteed loans available to qualified small businesses through the Paycheck Protection Program (“PPP”). [i] iv] Hidalgo contended that the regulation violated anti-discrimination provisions in 11 U.S.C. §

Bankruptcy 40

Bankruptcy Loans Debtor Government 40

Collection Industry News

AUGUST 18, 2020

However, this will likely change soon, as in June 2020 the minister for legal protection published a preliminary draft of the Temporary Deferral of Payments Act 2020 for online consultation. dissolve an agreement with the debtor. With Parliament in recess until the end of August 2020, some delay is probable.

Bankruptcy 40

Bankruptcy Debtor Creditors Judgment 40

PBWT

SEPTEMBER 24, 2020

Other relevant COVID-19 developments include: As of May 11, 2020, per General Order M-548, the Court “may waive the PACER Fees for pro se parties to a case or proceeding who certify that he/she is indigent and having to pay the PACER Fees would cause an unreasonable burden” [2]. .”

Bankruptcy 40

Bankruptcy Debtor Creditors Government 40

Consumer Financial Services Law

JULY 21, 2021

The bankruptcy court order held mortgage servicer Newrez, LLC (“Newrez”) and the holder of the mortgage note at issue in civil contempt for failing to abide by the terms of the individual debtors’ confirmed chapter 11 plan (the “Plan”). Beckhart , 2020 U.S. Newrez, LLC v. Beckhart , No. 7:20-cv-00192-BO, 2021 U.S. July 6, 2021).

Bankruptcy 40

Bankruptcy Debtor Creditors Loans 40

Burr Forman

DECEMBER 4, 2020

As 2020 comes to a close, it would be an understatement to say that the COVID-19 pandemic has significantly impacted the way we conduct business and live our everyday lives. In March of 2020, Burr published an article discussing the global pandemic’s impact on collection practices. State Responses.

Financial Institution 52

Financial Institution Garnishment Collections Foreclosure 52

Collection Industry News

OCTOBER 6, 2020

The company is currently not seeking new orders to seize debtors’ wages or bank account funds, she said. To earn a profit on that investment, Encore and other debt buyers pursue debtors in near perpetuity. In 2020, about $472.50 Last year, on average, the company paid 8.6 cents on the dollar for each account.

Debt collector 40

Debt collector Garnishment Banks Foreclosure 40

PBWT

JUNE 22, 2021

These questions were evoked by a recent decision of the Bankruptcy Court in Delaware [4] on an issue that arises fairly often—is this entity permitted to be a debtor in a case under a particular Chapter, or under the Code at all? Judge Sontchi properly asks, “what law governs whether EH-REIT is a business trust”? [6]

Debtor 65

Debtor Bankruptcy Government Collections 65

Fico Collections

JANUARY 26, 2022

The payment deferrals enacted in 2020 will likely result in future repayment challenges once collection activities resume. While Government will likely take a hand in directing the pace of some collection activities, others will be determined by the debt holder. Collection Predictions 2021: Uncertainty and Opportunity.

Collections 52

Collections Student loans Student Loans Government 52

Burr Forman

AUGUST 20, 2020

Grossman dismissed the Seven Stars bankruptcy case [1] based on the debtor’s election to proceed under Subchapter V of Chapter 11 [2] after the expiration of the statutory deadlines for filing a plan and holding a status conference. But, in return for these benefits, the SBRA imposes strict deadlines on debtors.

Debtor 40

Debtor Bankruptcy Creditors Government 40

ABI

JANUARY 21, 2020

2] In In re Matamoros, the United States Bankruptcy Court in the Southern District of New York held that the City could not recoup the advance salary received by Fernando Matamoros (the “Debtor”) because the Debtor’s military service occurred over three separate occurrences. [3] from the City and $153,581.10 from the military. [6]

Bankruptcy 40

Bankruptcy Debtor Creditors Secured Creditor 40

Collection Industry News

OCTOBER 3, 2022

Bankruptcy judges are technically authorized under Article I, which governs the legislative branch and authorizes the establishment of a uniform system of federal bankruptcy laws. Thus, the rules governing appeals of orders or judgments in bankruptcy cases are somewhat different than those in other civil litigation. 28 U.S.C. §

Bankruptcy 40

Bankruptcy Judgment Debtor Government 40

Troutman Sanders

JANUARY 20, 2022

state banking regulators dropped a lawsuit, seeking to block the federal government from granting bank charters to fintech companies after the company that was first in line modified its business plan. On January 11, the FTC issued a blog post to help consumers take advantage of the U.S. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Debt collector 52

Troutman Sanders

JUNE 28, 2021

Department of the Treasury released guidance in the form of updated frequently asked questions (FAQs) and fact sheet to continue supporting the rapid deployment of emergency rental assistance by states, territories, localities, and tribal governments. For more information, click here. For more information, click here.

Financial services 52

Financial services Financial Institution Collection Agencies Collections Agency 52

Troutman Sanders

FEBRUARY 13, 2024

The judge stated that since Genesis never transferred the assets, they cannot be considered as collateral pledged by the debtor. Genesis filed for Chapter 11 protection in January 2023 with $5.1 Supreme Court unanimously ruled that government agencies can be sued for violations of the Fair Credit Reporting Act (FCRA).

Financial services 52

Financial services Student loans Student Loans Collection Agencies 52