Search Results for: "Creditor"
What benefits creditors more? When considering federal court receivership vs. bankruptcy, bankruptcy is often more predictable, but costly.
A composition agreement is an out of court agreement between the debtor and two or more creditors regarding payment arrangements on a debt.
Like a professional fee carve-out, secured creditors may also agree to a carve-out for unsecured creditors to appease the court and creditors’ committee.
Erica DeGlopper’s 48% distributional interest in Art Shay Archive Project, LLC will be sold on November 8th, 2023.
An assignment for the benefit of creditors (ABC) can be a faster and more cost-effective alternative for a chapter 11 or 7 liquidation. Understand more about this alternative for selling distressed assets effectively.
In a Delaware assignment for the benefit of creditors case, court approval is not required for a sale, but, time, money, and preference can factor.
Let’s take a look at bankruptcy from the secured creditor’s perspective (they play a large role in a distressed business situation). Read about what a secured creditor should know when a business files for bankruptcy.
Being an unsecured creditor is not an enviable position. How must unsecured creditors conduct themselves to mitigate the risks associated with distress?
A creditor is the holder of a claim. There are two major types of creditors: secured creditors and unsecured creditors. To learn more about each, read Dealing with Corporate Distress 02: These Are the People in Our Neighborhood: An Overview of Parties in Chapter 11.
Assignment for Benefit of Creditors (ABC) might mitigate loss and preserve going-concern value for the company and its secured creditor.