2022 11 
Collection Industry News
OCTOBER 17, 2022
Baxter, October 15, 2022. Under section 363 of the Bankruptcy Code, a debtor-in-possession in a chapter 11 bankruptcy proceeding can seek court approval to sell some or all of the debtor’s assets, free and clear of all claims and encumbrances. Once approved, the debtor will market the assets to potential purchasers.
PBWT
OCTOBER 30, 2022
The ramifications of uneven increases to fees in chapter 11 bankruptcies continue to ripple through federal courts. Trustee fees chapter 11 debtors had to pay in virtually every district in the U.S. The maximum amount for large debtors increased dramatically, from $30,000 to $250,000 quarterly. 1770 (2022).
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
PBWT
SEPTEMBER 30, 2022
To encourage parties to transact with debtors in bankruptcy, the Bankruptcy Code in corporate bankruptcies provides highest priority to “administrative expenses,” which include “the actual, necessary costs and expenses of preserving the estate.” ” 11 U.S.C. § ” 11 U.S.C. §
PBWT
OCTOBER 24, 2022
Although the court found that the IOM proceeding was a “foreign proceeding,” it also held that the debtor’s center of main interests wasn’t in the IOM and the debtor didn't have an establishment there. 22-10039, 2022 LEXIS 2932 (Bankr. arising from the debtor’s sale of certain aircraft.
PBWT
DECEMBER 28, 2022
22-1016, 2022 U.S. Years before the debtor (ACCJ) filed for bankruptcy, it had entered into a contract with another entity (RLT). In 2018, ACCJ filed for chapter 11. RLT later filed its own chapter 11 case. Substantial contribution claims are governed by section 503(b) of the Bankruptcy Code. 11 of this title.”
ABI
JANUARY 19, 2024
8] In 2022, while the appeal was pending, Endo and certain affiliates filed voluntary petitions for bankruptcy under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York. [9] 10] 11 U.S.C. § 11] 11 U.S.C. §
Troutman Sanders
JANUARY 18, 2023
Throughout the latter half of 2022, filing for bankruptcy became a reality for many high-profile crypto firms. However, on June 12, 2022, Celsius issued a memo informing its customers of its decision to pause withdrawals from the platform due to “extreme market conditions.” But on January 4, 2023, the U.S.
Expert insights. Personalized for you.
40 
Let's personalize your content