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The plaintiff, who had previously filed for Chapter 7 bankruptcy, had received a discharge order. The letter included language that, even though the plaintiff was no longer personally liable due to bankruptcy, the letter was part of an effort to enforce the mortgage lien against the property. Read the ruling.
After working for a law firm based in Norfolk, Virginia handling business bankruptcy, creditorsrights, and civil litigation matters, I joined PRA Group, Inc. as Compliance Counsel.
Bankruptcy Code, Cross-Border Insolvency, for Continuing Legal Education credit, on June 24 at the 2021 annual conference of the Transportation Lawyers Association in Lake Tahoe, CA. Rick is the Chairman of the Bankruptcy and Creditors’ Rights Committee of the Transportation Lawyers Association.
Meek have been recognized in the January 2022 issue of Lawdragon’ s “500 Leading Bankruptcy & Restructuring Lawyers” List. Lawdragon says, “The start of the pandemic brought expectations for mountains of commercial bankruptcy work. Golden was named in the Bankruptcy & Commercial Litigation specialty.
On January 22, 2021, Rick Steinberg moderated a panel at the Transportation Lawyers Association virtual Chicago Regional Seminar entitled “An Update on Creditors’ Rights in Bankruptcy.”
In an important decision for debtors and creditors alike, the United States Bankruptcy Court for the District of Delaware has ruled that provisions in a limited liability company operating agreement, granting the company’s lender absolute power to prevent the company from filing a bankruptcy petition are unenforceable as against public policy.
Rick Steinberg will be giving presentations at the Transportation Lawyers Association annual conference on April 27 and 28 in San Diego entitled “Bankruptcy Basics for Transportation Counsel” and “Cross-Border Insolvency as it Relates to International Trade and Transportation: Chapter 15 of the U.S. Bankruptcy Code.”
When an adversary proceeding is transferred to the district court pursuant to a withdrawal of the reference, which rules—and deadlines—apply: those contained within the Federal Rules of Civil Procedure, or those contained within the Federal Rules of Bankruptcy Procedure? Rosenberg v. DVI Receivables XIV, LLC , 2016 WL 1392642 (11 th Cir.
Steinberg and the firm are pleased to announce that he will be speaking in an upcoming Strafford live video webinar, “Bankruptcy and Secured Creditor Priority: Identifying, Resolving, or Avoiding Hidden and Springing Liens” scheduled for Wednesday, October 6, 1:00pm-2:30pm EDT.
Rick is the Chairman of the TLA Bankruptcy and Creditors’ Rights Committee. Rick Steinberg presented a webinar to the Transportation Lawyers Association on February 16, 2023 entitled “Keep on Truckin’ Even After a Catastrophic Accident: Subchapter V as the Last Line of Defense.”
Lenders often go to great lengths to ensure their borrowers are Special Purpose Entities —entities whose assets will not be commingled with the assets of parent or affiliated companies—rendering bankruptcy filings by the SPE less likely. First, the court stated that “standing in a bankruptcy appeal is narrower than Article III standing.”
Anna is an associate in the Birmingham office where she practices in the firm’s Creditors’ Rights and Bankruptcy group. At Burr, Anna represents both creditors and debtors to enforce or restructure debt obligations. She also represents clients in general commercial disputes.
The Ninth Circuit BAP recently discussed on appeal the issue of whether a bankruptcy court may use the “fair and equitable” standard for confirmation in § 1129(b) to deny an oversecured creditor default interest on its claim to which it would otherwise be entitled under § 506(b). In Wells Fargo Bank, N.A. 819 (9 th Cir. amended 547 F.3d
Hanna is a partner in the firm’s Creditors’ Rights & Bankruptcy group. Her practice focuses on representing creditors and debtors, both in and out of court, on a variety of issues. Hanna helps clients enforce or restructure debt obligations, including through the bankruptcy process.
If you’re struggling with financial hardship, filing for bankruptcy can be an effective way to get back on your feet. But filing for bankruptcy in Indiana doesn’t mean every outstanding debt you’ve ever incurred gets wiped away. Declaring bankruptcy will discharge most types of debt but not others. What do we mean by this?
Weyman Carter – Bankruptcy & CreditorsRights. The Burr & Forman attorneys named among the “Legal Elite” list and their respective categories are: Adam Artigliere – Commercial Real Estate. Jennifer Blumenthal – Corporate Investigations. John Connell, Jr. Labor & Employment. Erik Doerring – Tax & Estate Planning.
Weyman Carter – Banking and Finance; Bankruptcy and Creditors’ Right. Michael Weaver – Bankruptcy and Creditors’ Right. Adam Artigliere – Residential Real Estate; Commercial Real Estate. Pam Baker – Environmental. Jennifer Blumenthal – Banking and Finance. Michael Burns – Government. Liz Crum – Healthcare.
Originally founded in 1993, the National Creditor Bar Association is dedicated to serving law firms engaged in the practice of creditorsrights law. The firm’s Bankruptcy and Recovery Practice Group represents debtors, committees, trustees, and creditors in and out of bankruptcy court.
From Burr & Forman’s Jacksonville office: Armando Nozzolillo is a member of the firm’s Creditors’ Rights and Bankruptcy practice group. About Burr & Forman LLP.
4) Collection of the loan balance is not barred by a valid legal defense, such as discharge in bankruptcy or the statute of limitations; (5) The borrower has not engaged in fraud, misrepresentation, or other financial misconduct; and. (6) illness), paying it would cause financial hardship. (4)
2016) should give pause to all buyers of assets from bankruptcy estates. The question in this particular situation was whether the sale was free and clear of claims purchased by consumers prior to the bankruptcy filing and which had a defective ignition switch. An appeal was certified directly to the Second Circuit.
Many lenders attempt to render their borrower bankruptcy remote by requiring the borrower to have on its board a director, known as a “blocking director,” whose consent is required for any bankruptcy filing. If they don’t, a lack of the blocking director’s consent may not prevent the borrower from filing bankruptcy. 899 (Bankr.
The United States District Court for the Southern District of Alabama subsequently held the Crawford decision as placing the FDCPA and the Bankruptcy Code in irreconcilable conflict. The court further noted that a “right to payment” under the Bankruptcy Code “is nothing more or less than an enforceable obligation.” 443 (2007).
Neff then filed his third bankruptcy case, a chapter 7 proceeding, more than one year following the recording of the quit-claim deed. The court stated: “At the core of the Bankruptcy Code are the twin goals of ensuring an equitable distribution of the debtor’s assets to his creditors and giving the debtor a fresh start.”
Essentially, a workout agreement restructures the material terms and conditions of the SBA loan in order to: avoid actions such as foreclosure or bankruptcy; allows the borrower to cure the default and improve their ability to repay the loan; and enables the lender or CDC to maximize their recovery on the loan. SOP 50 57 ; SOP 50 55.
Section 523(a)(2)(A) of the Bankruptcy Code allows a creditor to obtain a judgment denying its debtor a discharge of debts incurred by false pretenses or actual fraud. Husky sued Ritz under a Texas statute which allows creditors to hold shareholders responsible for corporate debts under circumstances involving actual fraud.
Future Stars: Erich Durlacher , Atlanta – Creditors’ Rights and Bankruptcy. John Coleman III , Birmingham – Labor and Employment. Marcel Debruge , Birmingham – Labor and Employment. Henrietta Golding , Myrtle Beach – Labor and Employment. About Benchmark Litigation.
Defendant has filed a Chapter Petition under the Federal Bankruptcy Code; e. Defendant has entered into a contract to sell the property that is the subject of this matter and plaintiff wants to give the defendant an opportunity to consummate the sale and pay off the debt that is due and owing to plaintiff; d.
Congress enacted § 1328(f) of the Bankruptcy Code when its passed BAPCPA. For some unknown reason, HSBC never responded to the debtors’ objection, and the bankruptcy court entered an order disallowing HSBC’s secured claim. The Ninth Circuit in In the Matter of Blendheim , 803 F.3d 3d 477 (9 th Cir. [1] In re Shelton , 735 F.3d
For example, when a borrower becomes insolvent or files for bankruptcy, the lender can still attempt to mitigate its damages by seeking to recover all or a portion of its damages from the guarantor. See, e.g. , Guirlinger v. Goldome Realty Credit Corp., 2d 1135, 1136 (Fla.
does not apply to hotel revenues stems from a line of bankruptcy cases decided in the early 1990s. However, recently, the Fourth DCA in Seaspray Resort, Ltd v. 3d 333, 335 (Fla. 4th DCA 2018) recognized that the idea that Section 697.07
Professional firms in all industries saw a new “normal” come to life and creditorsrights attorneys and their firms were no exception. Mark is a one of NARCA’s speakers on many of the creditor’srights issues impacting NARCA members. NARCA's values are: Professional, Ethical, Responsible.
Cicero, III joins the Creditors’ Rights & Bankruptcy practice group. She earned her undergraduate degree from Huntington College and her law degree from the Samford University Cumberland School of Law. Jackson Freese joins the Torts & Products Liability practice group.
Importantly, the Act gives the court a new power to, similar to as in bankruptcy proceedings, stay certain actions to enforce claims against receivership property. 714.14, Fla.
For example, if the court entered a final judgment of foreclosure after the borrower filed a petition for bankruptcy in federal court, the judgment will be void and therefore, must be set aside. Citibank, N.A. Unknown Heirs , 197 So. 3d 1214, 1215 (Fla.
? On today's episode of the Extra Credit #podcast, we take a look at how Subchapter V bankruptcy filings dilute a creditor'srights.? Hear advice from the experts, Jason Torf and Lynnette Warman!
Johns University School of Law American Bankruptcy Institute Law Review Staff In In re SVB Fin. 5] In turn, Financial Group filed for chapter 11 bankruptcy on March 17, 2023. [6] 5] In turn, Financial Group filed for chapter 11 bankruptcy on March 17, 2023. [6] Hanting Wang St. The FDIC did not timely file a proof of claim. [7]
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