Bankruptcy Creditors Manufacturing 
PBWT
JULY 20, 2021
The Bankruptcy Code grants the power to avoid certain transactions to a bankruptcy trustee or debtor-in-possession. Is there a general requirement that these avoidance powers only be used when doing so would benefit creditors? Glove, Inc. (“Plaintiff”) is a manufacturer of gymnastic grips and wrist supports.
PBWT
FEBRUARY 10, 2022
Like many other retail businesses, those dispensaries needed suppliers, who in turn needed manufacturers, who themselves needed to procure equipment. Rosinbomb manufactures and sells “organic extraction presses utilizing a combination of heat and pressure to generate organic concentrates.” ” In re Mayer , 2022 Bankr.
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UK debt collections
AUGUST 3, 2023
Amsterdam-based VanMoof, an e-bike manufacturer, has gone into liquidation in the UK. The Dutch company confirmed through an email to its customers that the company is undergoing a Creditors’ Voluntary Liquidation. On Monday, July 31, US-based Micromobility.com announced that it has submitted a non-binding bid to acquire VanMoof.
Burr Forman
AUGUST 10, 2020
Bankruptcy and Restructuring Lawyers. Derek is the chair of the firm’s Creditors’ Rights and Bankruptcy practice group and a Fellow in the American College of Bankruptcy. Mike is also a partner in the firm’s Creditors’ Rights and Bankruptcy Practice Group.
The Creditors Rights
JUNE 21, 2016
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. Chrysalis Manufacturing Corp. Congress added the term “actual fraud” when it enacted the Bankruptcy Code in 1978. Ritz , 2016 WL 2842452 (2016).
Collection Industry News
SEPTEMBER 29, 2020
Just in Time: New Bankruptcy Relief for Small Businesses. million) to take advantage of a new way to restructure under chapter 11 of the Bankruptcy Code. million) to take advantage of a new way to restructure under chapter 11 of the Bankruptcy Code. million of third-party debt is set to expire early 2021. By Jerrold L.
PBWT
MARCH 28, 2022
Facing massive liability from current plaintiffs as well as an unknown and unknowable group of future plaintiffs, asbestos manufacturers filed for chapter 11. This approach became so widely accepted that it is now codified in the Bankruptcy Code. 2015) (upholding bankruptcy ruling approving third-party releases). § 524(g).
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