Bankruptcy Code

Type: Keyphrase
Name: Bankruptcy Code
First reported 7 hours ago - Updated 7 hours ago - 1 reports

A dispute over a dispute: recent Bankruptcy Court decision dismisses involuntary chapter 7 petition due to bona fide disputes

Creditors contemplating the bold step of commencing an involuntary bankruptcy case against a putative debtor may wish to consider a recent decision of the Bankruptcy Court for the District of Minnesota Court, , where the court dismissed an involuntary ... [Published Lexology - 7 hours ago]
First reported 10 hours ago - Updated 10 hours ago - 1 reports

Oral argument on Detroit bankruptcy postponed in part

Last Friday, the Sixth Circuit postponed oral argument in some of the pending cases in the appeal from the bankruptcy judge’s decision that Detroit was entitled to creditor protection under Chapter 9 of the U.S. Bankruptcy Code and could try to alter ... [Published Lexology - 10 hours ago]
First reported 10 hours ago - Updated 10 hours ago - 1 reports

The interplay between section 502(d) of the Bankruptcy Code and SIPA’s requirement of “prompt” return of customer funds

Canons of statutory construction are used frequently to resolve ambiguities in the Bankruptcy Code. In arising out of the Madoff liquidation, Judge Rakoff of the Southern District of New York had to implement more than a few to creatively resolve a potential ... [Published Lexology - 10 hours ago]
First reported 12 hours ago - Updated 12 hours ago - 1 reports

Valuing a Secured Creditors Collateral: A Time Frame

Section 506(a)(1) of the Bankruptcy Code provides common-sense instruction that the allowed amount of a secured claim is equal to the value of the collateral securing the claim and that a claim is unsecured to the extent the claim exceeds such collateral ... [Published JD Supra - 12 hours ago]
First reported Jul 28 2014 - Updated Jul 29 2014 - 1 reports

The Examiners: Lisa Donahue on Argentina and Distressed Investors

As Argentina finds itself   on the verge of a second default , what blame, if any, does the distressed investing community hold? The real issue at play here isn’t who’s “right” or who’s “wrong,” but whether the appropriate legal and restructuring ... [Published WSJ.com: Bankruptcy Beat - Jul 28 2014]
First reported Jul 29 2014 - Updated Jul 29 2014 - 1 reports

Madoff bankruptcy decision offers protection for foreign investors

OverviewApplying the US Supreme Court's landmark decision in Morrison v National Australian Bank [2010] to the highest profile and widest-ranging securities fraud case in decades, the US District Court for the Southern District of New York has ruled that ... [Published Legal Week Law - Jul 29 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

07/28: Bankruptcies

Chapter 7Central Florida individuals and businesses that have filed for liquidation under Chapter 7 of the U.S. Bankruptcy Code include:YBS Hospitality LLC, doing business as CD's Melons, 1566 S. French Ave., Sanford. Filed: July 16. Assets: $115,797. ... [Published Orlando Sentinel - Jul 28 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

Bankruptcy court refuses to dismiss class suit claiming bank’s credit reporting practices violated Bankruptcy Code

On July 22, the U.S. Bankruptcy Court for the Southern District of New York rejected a bank’s motion to dismiss a putative class action adversary proceeding alleging that certain of the bank’s credit reporting practices violated U.S. bankruptcy law. In ... [Published Lexology - Jul 28 2014]
First reported Jul 27 2014 - Updated Jul 27 2014 - 1 reports

Veris Gold Corp. granted provisional relief in US

VANCOUVER, BC — Veris Gold Corp. was granted provisional relief under Section 1519 of the Bankruptcy Code in the United States as of Wednesday.This ruling recognizes the Canadian proceeding of Companies' Creditors Arrangement Act and as a result protects ... [Published Elko Daily Free Press - Jul 27 2014]
First reported Jul 25 2014 - Updated Jul 25 2014 - 1 reports

Veris Gold granted provisional relief in the US

TORONTO (miningweekly.com) – Gold producer Veris Gold was this week granted provisional relief under Section 1519 of the US Bankruptcy Code in the United States.As of as of Wednesday, the ruling recognised the Canadian proceeding of the Companies' Creditors ... [Published Mining Weekly - Jul 25 2014]
First reported Jul 25 2014 - Updated Jul 25 2014 - 1 reports

U.S. House Adopts Cohen Amendment to Help Students Understand Risks of High-Interest Private Student Loans

[ WASHINGTON, DC ] - The U.S. House of Representatives today approved Congressman Cohen's amendment to H.R. 4984, the Empowering Students Through Enhanced Counseling Act, which would ensure that student loan borrowers are informed of and adequately understand ... [Published HispanicBusiness.com - Jul 25 2014]
First reported Jul 24 2014 - Updated Jul 24 2014 - 2 reports

FTI Consulting Honored at the 2014 Turnaround Atlas Awards

Private Equity Turnaround of the Year (Large Markets)Apollo Global Management and Metropoulos & Co. acquisition of certain assets, including Twinkies, Mini Muffins, Cup Cakes, Ho Hos, Zingers and Suzy Q brands from Hostess Brands under Chapter 11 of the ... [Published Indianapolis Business Journal - Jul 24 2014]

Quotes

...Id. at 963. Important to the Court's holding was the fact that the replacement value "accurately gauges the debtor's 'use' of the property. It values 'the creditor's interest in the collateral in light of the proposed [repayment plan] realty: no foreclosure sale and economic benefit for the debtor derived from the collateral equal to…its [replacement value.'" Id. at 963 (quoting In re Winthrop Old Farm Nurseries, 50 F 3d 72, 75 (1st Cir. 1995))
"There is no impact on any employee, pension or trade obligation of Algoma beyond the senior unsecured note-holders. This agreement provides for a comprehensive capital infusion, a substantial deleveraging of our balance sheet and the refinancing of all of Algoma's senior secured debt" an Algoma spokesperson said
...Also, by inviting the jury to "say so with your verdict" if it finds plaintiff sustained a permanent injury and that "the community does not approve of the defense tactics in this case" counsel for plaintiff Lucyna plainly asked the jury to "send a message" – an argument long condemned in New Jersey...
Cooney added that, "For more than four years claimants have waited to resolve their claims against Bondex for injuries they received for no other reason than that they worked hard during the course of their careers. This settlement ends the waiting period, and I am optimistic that the injured victims and their families will be swiftly compensated under this agreement."

More Content

All (358) | News (267) | Reports (0) | Blogs (78) | Audio/Video (0) | Fact Sheets (4) | Press Releases (8)
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Good Enterprises trustee: some creditors got ea... [Published Lancaster Online - 2 hours ago]
WMI Liquidating Trust Announces Cash Distributi... [Published BusinessWeek - 3 hours ago]
WMI Liquidating Trust Announces Cash Distributi... [Published Financial Services - 3 hours ago]
Detroit creditor makes case before U.S. appeals... [Published Detroit Free Press - 4 hours ago]
This latest round of banker bonus bashing is lu... [Published Telegraph - 6 hours ago]
A dispute over a dispute: recent Bankruptcy Cou... [Published Lexology - 7 hours ago]
SIPC's Brokerage Account 'Insurance' Scam: Take... [Published Forbes.com - 7 hours ago]
Oral argument on Detroit bankruptcy postponed i... [Published Lexology - 10 hours ago]
The interplay between section 502(d) of the Ban... [Published Lexology - 10 hours ago]
Valuing a Secured Creditors Collateral: A Time ... [Published JD Supra - 12 hours ago]
In re Brown: replacement value applies even whe... [Published Lexology - 18 hours ago]
Chattanooga Bankruptcy Attorneys Clark & Washin... [Published CW Atlanta - 19 hours ago]
Atlanta Bankruptcy Attorneys Clark & Washington... [Published CW Atlanta - 19 hours ago]
Bankruptcy court confirms GSE reorganization plan [Published Plastics News - Jul 29 2014]
Bondex trust agreement $360 million lower than ... [Published The Southeast Texas Record - Jul 29 2014]
Essar revamps foreign biz [Published Business Standard India - Jul 29 2014]
Hilco Industrial to Conduct Private Treaty Sale... [Published Enhanced Online News - Jul 29 2014]
Madoff bankruptcy decision offers protection fo... [Published Legal Week Law - Jul 29 2014]
Delaware court enforces subordination agreement... [Published Lexology - Jul 29 2014]
A Maryland Law Firm Helping Consumers In Financ... [Published Scoop Asia - Jul 29 2014]
Daily Decision Service Alert: Vol. 23, No. 140 ... [Published New Jersey Law Journal - Jul 29 2014]
07/28: Bankruptcies [Published Orlando Sentinel - Jul 28 2014]
$800 Million Trust To Settle Asbestos Claims, s... [Published Scottrade - Jul 28 2014]
Bankruptcy court refuses to dismiss class suit ... [Published Lexology - Jul 28 2014]
The Examiners: Lisa Donahue on Argentina and Di... [Published WSJ.com: Bankruptcy Beat - Jul 28 2014]
5 Most Common Reasons That Corporations Suffer ... [Published Insurance News Net - Jul 28 2014]
Tax Changes You Should Be Aware Of [Published Nuwire Investor - Jul 28 2014]
RPM International Inc. Announces Agreement in P... [Published CW Atlanta - Jul 28 2014]
Defending Debt Settlement as a Law Practice [Published PRWeb - Jul 28 2014]
The Uniform Voidable Transaction Act And The Sh... [Published Forbes.com - Jul 27 2014]
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Blogs

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The Examiners: Lisa Donahue on Argentina and Di... [Published WSJ.com: Bankruptcy Beat - Jul 28 2014]
As Argentina finds itself   on the verge of a second default , what blame, if any, does the distressed investing community hold? The real issue at play here isn’t who’s “right” or who’s “wrong,” but whether the appropriate legal and restructuring ...
Breaking the Impasse on Dodd-Frank [Published Brookings: Latest From Brookings - Jul 24 2014]
Battle lines have solidified in the four years since enactment of the Dodd-Frank financial regulation reform law (formally, the Wall Street Reform and Consumer Protection Act of 2010). Opponents argue that the law harms the economy and should be repealed. ...
2013 Report Shows Fewer Debtor Assets, More Rep... [Published U.S. Courts News - Jul 24 2014]
Individuals filing for bankruptcy in 2013 reported fewer assets, lower total liabilities, and lower median income when compared to filers in the preceding year, according to a report recently filed by the federal Judiciary with Congress. The report also ...
South Nassau Urgent Care is First Step in Resto... [Published PR.com Press Releases - Jul 19 2014]
Oceanside, NY, July 19, 2014 --( PR.com )-- When the doors to the new South Nassau Urgent Care Center (SNUCC) at Long Beach opened at 9AM on Tuesday, July 1, it was the first time since the day before SuperStorm Sandy struck on October 28, 2012, that ...
Crumbs Receives Approval of First Day Motions a... [Published EON Business - Jul 18 2014]
NEW YORK--(EON: Enhanced Online News)--Crumbs Bake Shop, Inc. ("Crumbs")(OTC Pink:CRMB), a New York based cupcake specialty store chain, today announced that the U.S. Bankruptcy Court for the District of New Jersey has approved all of the First Day Motions ...
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Press Releases

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WMI Liquidating Trust Announces Cash Distributi... [Published Financial Services - 3 hours ago]
Windsor Petroleum Transport Corporation And Sev... [Published Financial Services - Jul 15 2014]
Genco Successfully Completes Financial Restruct... [Published Financial Services - Jul 09 2014]
Banner Announces Termination of Purchase Agreem... [Published GlobeNewswire: Acquisitions News - Jun 30 2014]
TelexFREE™ Issues Statement [Published Financial Services - Apr 18 2014]
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