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Delaware Bankruptcy Court Issues Decision on Whether a Debtor Can Be a “Financial Participant”

PBWT

We have blogged previously about section 546(e) , the Bankruptcy Code’s safe harbor for certain transfers otherwise subject to avoidance as preferences or fraudulent transfers. In September 2015, Samson Tulip and other Samson entities filed for bankruptcy. See 11 U.S.C. § § 546(e). ” Id. ” Id.

Debtor 59
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Delaware Bankruptcy Court Teaches Important Lesson on Timely Lien Perfection

PBWT

Bankruptcy Judge Karen B. Ruling on plaintiff-debtor Southland Royalty Company LLC’s motion for partial summary judgment, Judge Owens found that Halliburton did not obtain a lien on Southland’s production of oil, natural gas, or their proceeds. Perfect your liens on time or you may lose them. in her recent decision.

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CFPB Filed A Judgment Against An Illinois-based Payment Processor

Collection Industry News

On January 18, the CFPB filed a proposed final judgment against an Illinois-based third-party payment processor BrightSpeed Solutions and its founder Kevin Howard (collectively, “defendants”), which ceased operations almost three years ago, settling claims that the defendants facilitated payments for telemarketing fraudsters targeting seniors.

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Why Buffalo is a hub for illegal debt collectors

Collection Industry News

In recent years, authorities have either fined, seized or issued judgments totaling $120.4 Some of the debts have been discharged in bankruptcy cases. million in fines, penalties, cash seizures and judgments against local debt collectors over the past several years, but only a fraction of that amount has been paid.

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A giant US hospital chain says it’s leading the fight against medical debt. Not all patients agree

Collection Industry News

In September 2024, itannouncedit would take the bold step of canceling thousands of debt judgments held as liens against patients homes in multiple states, including North Carolina, where the fast-growing chain is headquartered. The hospital chain sued them in 2013 and won a judgment for $5,771. Some felt helpless.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

The OAG also found that the debt collection law firm illegally continued to pursue consumers for debts that were already paid or partially paid, and sometimes garnished wages for judgments that were completed. billion to Gemini Earn Program (Earn) customers through the Genesis Global Capital, LLC (GCG) bankruptcy proceeding.