Creditors in the consumer credit industry face many challenges in managing bankrupt accounts.
Committees
It happens every Friday afternoon, usually around 2 p.m.
When an irate creditor comes to bankruptcy court in a chapter 7, 12 or 11 case in which an individual debtor is holding a check issued by the debtor that was disho
On April 20, 2005, President Bush signed into law the Bankruptcy Abuse Prevention and Consumer Protection Act (hereinafter, the “BAPCPA” or the “Act”). The Act has an effective date of October 17, 2005 and, with some exceptions, its provisions will apply only to cases filed after the effective date.
For the purposes of this article, consider the history and recent business practices of a company we’ll call JKL Shoes. JKL, a privately-held company, is a well-established, family-owned women’s footwear manufacturer. Consider these facts:
Randolph vs. IMBS Inc. et al. 368 F.3d 726 (7th Cir. 2004)
Much of the commentary on the pending bankruptcy legislation has focused on consumer bankruptcies. However, several provisions of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, S. 256 (the “Act”), are specifically targeted to health care bankruptcies.
The Bond Market Association (BMA) and the Loan Syndications and Trading Association (LSTA) have jointly drafted a model order for use in chapter 11 proceedings to
An issue receiving much recent attention in the courts and among commentators is the nature and extent of the documentation required to be attached to proofs of un
Can a court ordered stay of proceedings under the Canadian restructuring statute, the Companies’ Creditors Arrangement Act (the “CCAA”) apply to a contract for the supply of natural gas? This depends in part on whether the contracts fall within the definition of “eligible financial contracts” under the CCAA, and, in part, on the terms of the contracts.