Lawsuits against the personal guarantor of the corporate debtor can be pursued independently
Supreme Court bench made up of Justice S Abdul Nazeer and Justice Vikram Nath see its decree of 06.05.2021 in...
Debtor
Interim financing – A corporate debtor needs! A revolutionary investment opportunity
The goal of enacting the Insolvency and Bankruptcy Code, 2016 is eminent for all. However, the indefinite haircut offered to...
NCLAT Delhi Confirms Corporate Debtor Cannot Be Sent For Liquidation Just Because Liquidation Value Is Higher Than Resolution Plan Value
the National Company Law Appeal Tribunal ("NCLAT")main bench, composed of composed of Judge Ashok Bhushan (President), Dr Alok Srivastava (Technical...
Billionaire debtor! How Mike Adenuga Willfully Ignores a Mountain of Unpaid Bills and Evades Multiple Taxes
Like most wealthy Nigerians who flaunt a semblance of wealth while in front of banks, institutions and businesses with billions...
Limitation Periods and Debtor’s Obligations – A Recent Ontario Court of Appeal Ruling May Have Unintended Consequences
If you ask most litigants to name the thing that makes us most nervous, the answer usually misses a statute...
Bankruptcies of individual debtors up 30% in one year
Written by Abraham Galvan on April 12, 2022 Advertisement Unusual times continue for Miami-Dade businesses and personal bankruptcy cases. Contributing...
Lagos owes N658.96b, leading debtor states
Lagos has the highest debt, followed by Ogun, Rivers, Akwa Ibom By Jeph Ajobaju, Editor-in-Chief Lagos generates 45 billion naira...
Genesis Electronics Group and QED Connect Settle Judgment with Debtor to Dissolve Court Order
Logo GMSacha New Life style 2021 We are GMSacha Inchi GMSacha New Lifestyle 2021 Genesis Electronics Group and QED Connect...
Genesis Electronics Group Settles Judgment with Debtor to Dissolve Court Order
The court order prohibiting the company from issuing shares is dissolved and the company can continue to build for the...
[COLUMN] Is Chapter 7 or 13 more suitable for debtors with $50,000 credit cards? —
The debtor also has a collection lawsuit for $10,000 THE client is 48 years old and has just been sued...
Bankruptcy of the debtor: a legal analysis
Although the Bankruptcy Act offers certain benefits to stakeholders, the Act suffers from several shortcomings. For example, the law did...
GVAT Section 44 similar to a garnishment order; Requires debtor-creditor relationship: Gujarat High Court
"It may be said that in the interpretation of a fiscal law, considerations of equity are wholly irrelevant. Reasons of...
Drama as debtor gives man condition before he can repay 750,000 naira he borrowed since 2021, Nigerians react
A Nigerian, Olaseni Odukoya, came online to call someone he borrowed N750,000 since 2021 and refused to pay it all...
Debtor’s failure to object to charging order has disastrous consequences in Red Lion
This case arose out of a franchise hotel dispute. Getty Red Lion Hotels Franchising, Inc., obtained a judgment in 2019...
Utah Court of Appeals Allows Additional Remedy to Stop Judgment Debtor Hiding Behind Charging Order
Earthgrains Baking Companies, Inc. vs. Sycamore involved a long-term attempt by Earthgrains Baking Companies, Inc. ("Claimant") to collect a multi-million...
Alleged billionaire debtor: Contractors accuse 6th richest African, Mike Adenuga, of failing to pay debts of multi-million dollar company, Nigerian government petition
Some contractors at Conoil, an oil and gas conglomerate owned by Nigerian billionaire Mike Adenuga, are currently frustrated with the...
Video captures moment angry Nigerian man showed up at debtor’s house and took away his television, sparking backlash
A creditor gave his debtor an embarrassing surprise when he showed up at the Nigerian man's homeThe unidentified creditor walked...
Court of Appeal for Ontario: A Debtor’s Insurances Can Delay the “Discovery” of a Claim – Litigation, Mediation and Arbitration
In its recent decision, Thermal Exchange Service Inc. c. Metropolitan Toronto Condominium Corporation No. 12892022 ONCA 186, ("Heat Exchange Services")the...
Court of Appeal for Ontario: Debtor’s insurance may delay “discovery” of claim
In its recent decision, Thermal Exchange Service Inc. c. Metropolitan Toronto Condominium Corporation No. 12892022 ONCA 186, ("Heat Exchange Services")...
CA directs credit card debtor to settle obligation P3.3-M
Court of Appeal (File photo) MANILA - The Court of Appeal (CA) has upheld a local court's decision ordering a...
‘Totally humiliating’: Here’s how a Greensboro pastor is making time for bad debt | Local News
In his letter, Knotts acknowledged his embarrassment over his actions."All they did was order him to come to court and...
Take Trading workers protest at debtor’s premises – The Sun Nigeria
By Adebowale Johnson the The business relationship between two partners, Took Trading Company, an offshore support services company, and Century...
Withdrawing the CIRP can save the debtor company
JThe purpose of the Insolvency and Bankruptcy Code, 2016 (IBC) is to maximize the value of the debtor company's assets...
Complete Database of State Debtors | eKathimerini.com
The tax administration should easily access the detailed files of some 3.5 million taxpayers with debts to the state from...
11th Cir. Judge suggests High Court ruling ends debtor’s case
By Rosie Manins (February 22, 2022, 8:25 PM EST) — The Eleventh Circuit Chief Judge suggested Tuesday that a debtor's...
Your debtor’s assets are just a click away! – Insolvency/Bankruptcy/Restructuring
Turkey: Your debtor's assets are just a click away! February 22, 2022 Ersoy Bilgehan To...
Don’t make Nigeria a debtor nation, warns Afenifere FG, NASS – Blueprint Newspapers Limited
Buhari speaks with Senate Speaker Ahmed Lawan and Representative Speaker Femi Gbajabiamila during the former's previous visit to the National...
During moratorium, cannot sue against ‘corporate debtor’: High Court of Punjab and Haryana : The Tribune India
Tribune press service Saurabh MalikChandigarh, February 16The Punjab and Haryana High Court has made it clear that proceedings...
What do you do if a debtor fails to adhere to their confirmed bankruptcy plan? | Miller Canfield
A recent opinion from the Michigan Court of Appeals explained that when a debtor defaults under a confirmed Chapter 11...
What do you do if a debtor fails to adhere to their confirmed bankruptcy plan?
Related practices and jurisdictions Tuesday, February 15, 2022 A recent opinion from the Michigan Court of Appeals explained that when...
District Court Rules Passing Debtor Information to Third Party Violates FDCPA
On February 2, the U.S. District Court for the Eastern District of Pennsylvania refuse a motion by the defendant for...
When is a guarantee claim reduced by collection in the event of a debtor’s bankruptcy? | Morgana Lewis
Let's take the example of a lender who extends a term loan in the amount of $1 million to a...
When is a guarantee claim reduced by collection in the event of a debtor’s bankruptcy?
Overview Let's take the example of a lender who extends a term loan in the amount of $1 million to...
When is a guarantee claim reduced by collection in the event of a debtor’s bankruptcy? – Publications
Overview February 10, 2022 Let's take the example of a lender who extends a...
Fuel shortage looms as NNPC goes after debtor traders
The country could be plunged into another round of petrol shortages as the Nigerian National Petroleum Company (NNPC) Limited, overwhelmed...
Lender wins appeal against €573m restructuring debtor
By Lucia Osborne-Crowley (February 4, 2022, 4:54 p.m. GMT) – The Court of Appeal ruled on Friday in favor of...
IBC – Operational debt includes advance payment made to a debtor company for the provision of goods or services: Supreme Court
The Supreme Court observed that the operational creditor includes all those who provide or receive operational services from the debtor...
Debtor’s attorney failed to reduce attorney’s fees incurred for violation of Section 362(k) by rejecting settlement offer; Proceed to trial | Smith Debnam Narron Drake Saintsing & Myers, LLP
Section 362(k) of the United States Bankruptcy Code allows a person injured by a willful breach of the automatic stay...
Delaware Court Says Dismissal Eliminates Non-Debtor’s Exclusive Right to Provide Services to Debtor – Insolvency/Bankruptcy/Restructuring
Nine Point Energy Holdings, Inc. and its affiliates (collectively, "Nine Point" or "Nine Point Debtors") was an oil and gas...
Delaware Court Says Dismissal Eliminates Non-Debtor’s Exclusive Right to Provide Services to Debtor | Jones Day
Nine Point Energy Holdings, Inc. and its affiliates (collectively, "Nine Point" or "Nine Point Debtors") was an oil and gas...
When judgment debtor pleads ‘no plea’, enforcement court must investigate before issuing arrest warrant: Kerala High Court
The High Court of Kerala has recently ruled that if a judgment debtor appears in court after receiving a notice...
California Bankruptcy Court Says Debtor Barred From Challenging State Court Fraud Judgment Void – Finance & Banking
United States: California Bankruptcy Court Says Debtor Barred From Challenging State Court Fraud Judgment Void January 27,...
California Bankruptcy Court Says Debtor Barred From Challenging State Court Fraud Judgment Void
The United States Bankruptcy Court for the Central District of California recently ruled that a debtor cannot challenge the discharge...
Liability of the personal guarantor of the debtor company vis-à-vis the insolvency and bankruptcy code
In accordance with article 128 of theIndian Contracts Act, 1872, the liability of a guarantor coincides with that of the...
Singapore Court Provides Guidance on Conducting Debtor’s Bankruptcy Application
introduction Debtor bankruptcy claims may be considered less common than creditor bankruptcy claims. The law relating to the conduct of...
Delaware court rules dismissal eliminates non-debtor’s exclusive right to provide services to debtor
Nine Point Energy Holdings, Inc. and its affiliates (collectively, "Nine Point" or "Nine Point Debtors") was an oil and gas...
Canada’s first Certified Debtor Advocates have completed their training and are ready to serve Canadians in financial difficulty
The Canadian Debtors Association raises the bar of expertise available to help those in debtHAMILTON, ON, January 11, 2022 /CNW/...
Vietnam ousts UK as No. 9 debtor in Q3
NINTH DEBTOR: Central bank official Pan Ya-hui said the increase in the number of companies relocating their investments to Southeast...
Vietnam replaces UK as Taiwan’s 9th debtor at end of Q3
Taipei, Dec. 25 (CNA) Vietnam became Taiwan's ninth-largest debtor at the end of the third quarter, as rising tensions between...
“Don’t harass us! Debt collectors given a cold shower by a ‘debtor’ with a garden hose, Singapore News
When debt collectors showed up at her front door, one woman decided to pour cold water on the problem –...
UCC Funding Statements and Debtor Name Errors: Litigation Continues
Section 9 of the Uniform Commercial Code, enacted in all fifty states plus the District of Columbia with relatively few...
Ch. 7 Debtor Cannot Block New Litigation Funding Deal, Appeals Court Says
The names of companies and law firms listed above are auto-generated based on the text of the article. We are...
Chinese action against debtor countries in Africa
What is another attempt to acquire foreign assets due to loan default, China reportedly took control of Uganda's Entebbe International...
Post-Claim California Private Retirement Plan to Protect Non-Exempt Debtor Assets Deemed Gluck Sham
A retirement plan is for retirement, not for asset protection Getty I first wrote about California private retirement plans about...
NCLT cannot give the debtor company time to repay its debt once it is satisfied with this default and the debt is due – NCLAT – Company Law/Commercial Law
India: NCLT cannot give the debtor company time to repay its debt once it is satisfied that the...
Alpha Latam Management, LLC and Debtor Affiliates Receive U.S. Bankruptcy Court Approval for Sale of Colombian Assets to CFG Partners Colombia SAS
MIAMI, November 19, 2021 /PRNewswire/ -- Alpha Latam Management, LLC and certain of its affiliates that have filed voluntary petitions...
Synchrony Bank to pay $3.5 million settlement in debtor harassment case – SFBay
Synchrony Bank and the Santa Clara County Attorney's Office announced a $3.5 million settlement Monday following allegations that the bank...
Can I hold a debtor’s bank account hostage? | Ward and Smith, Pennsylvania
For creditors dealing with debtors in the shadow of bankruptcy, a common scenario repeats itself. The creditor repossesses the security,...
Can I hold a debtor’s bank account hostage?
November 10, 2021 For creditors dealing with debtors in the shadow of bankruptcy, a common scenario repeats itself. The...
Are debtors ready to dance? How corporate debtors like Johnson & Johnson are starting Texas in two steps and how creditors can step in
Fraudulent conveyances and actions to avoid them are second nature to debtor and creditor attorneys. Although the exact requirements may...
MedMen Responds to Debtor’s ‘Defamation’ Charges
By Sarah Jarvis (November 3, 2021, 9:36 p.m. EDT) – MedMen argued this week that a bankruptcy court legitimately converted...
Irvine’s Zimbabwe sues debtor over $1.6m
By Mary Taruvinga IRVINE'S Zimbabwe Limited is suing a Zvishavane-based company, Innoe Fraser Investments, after it failed to pay a...
Buhari and Osin’s Chronic Debtor Wife
Let me call this scheme Buhari Onigbese Aya Osin (Osin's chronic debtor wife). Osin is the Yoruba deity of royalty....
The United States remains the largest debtor of Taiwanese banks for the 24th consecutive quarter
Taipei, Oct 2 (CNA) The United States remains the largest debtor to Taiwanese banks, with local exposure reaching an all-time...
U.S. Bankruptcy Court Grants PAL Access to $505M in ‘Debtors in Possession’ Financing │ GMA News Online
Flag carrier Philippine Airlines Inc. (PAL) announced on Friday that it has received approval from a United States bankruptcy court...
Bankrupt debtor trumps SBA in District of Arizona PPP loan dispute | Snell and Wilmer
The Paycheck Protection Program (“PPP”) was a repayable loan program administered by the U.S. Small Business Administration (“SBA”) that was...
Why Can’t I Pursue My Fraudulent Transfer Action After Debtor’s Bankruptcy (and Other Interesting Information)
Bankruptcy practitioners will tell you that when a business declares bankruptcy, the representative of the estate, whether it is the...
Man ties debtor to N4.6m debt
Lagos Police rescued a debtor, Reuben Alozie, who was tied to a stake by his creditor, for an unpaid debt...
MTN maintains its position as largest debtor with N578 billion in external loans
… others rely on cash flow to pay off their debts. Nigeria's largest telecommunications company, MTN, retained its position as...
Legal options in Thailand when a debtor can’t (or won’t) pay
COVID-19 and the resulting containment measures to limit outbreaks in Thailand have caused significant financial hardship for many economic operators,...
Legal options in Thailand when a debtor cannot (or will not) pay – Insolvency/Bankruptcy/Restructuring
Thailand: Legal options in Thailand when a debtor can't (or won't) pay September 07, 2021 Tilleke &...
Bankrupt Limetree Bay refinery gets $10m debtor funds in possession to relax
Aug 11 (Reuters) - The Limetree Bay refinery can secure an additional $10 million in debtor-in-possession (DIP) financing this month,...
Zimbabwe: Nuns take debtor to court over $12,000 debt
The DOMINICAN Missionary Sisters of the Sacred Heart of Jesus (the nuns) sued Yananai Nyasha after she failed to repay...
Repatriation to the United States of $18 million of debtor’s money in Swiss bank accounts in Schwarzbaum
Failure to file FBAR comes with significant penalties Getty In United States vs. Schwarzbauma U.S. magistrate in the Southern District...
Judicial cross-currents in the law of debtors and creditors §278
In his legendary article in volume 10 (1897) of the Harvard Law Review, "The Path of the Law", Oliver Wendell...
Cleveland man who killed debtor, shot woman and dog over $200 gets life sentence
CLEVELAND, Ohio — A Cleveland man whose December 2019 trip to a Stockyards neighborhood apartment to collect a $200 debt...
CannTrust Announces Court Approval for Funding of C$22.5 Million Debtor in Possession and CCAA Exit Credit Facility
VAUGHAN, ON, April 30, 2021 /PRNewswire/ - CannTrust Holdings Inc. ("CannTrust" or the "Company") (unlisted) announced today that it has...
CannTrust Holdings Inc. Obtains CA$22.5 Million Commitment for CCAA Debtor in Possession and Exit Credit Facility Financing
Company awaits approval from Ontario Superior Court of Justice VAUGHAN, ON, April 20, 2021 /PRNewswire/ - CannTrust Holdings Inc. ("CannTrust"...
Keep and pay offers mutual benefits to creditor and debtor
An overview of keep and pay What is keep and pay?Keep and pay is a bankruptcy exemption where a debtor...
Historic victory! The debt collector did not deceive the debtor who refused to give his name
A debt collector must verify the identity of a communication recipient to ensure proper party contact while avoiding disclosure of...