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Creditor that Filed an Excessive Claim Draws Court’s Rebuke and Possible Sanctions

PBWT

This post is about a junkyard, hogs getting slaughtered, and a bankruptcy judge poised to sanction a creditor and her counsel. The phrase “hogs get slaughtered” is how the court characterized what can happen when a creditor’s claim is “beyond the pale.” ” In re U Lock, Inc. ” Id.

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Recent Decision on Derivative Standing by a Creditors’ Committee to Challenge a Lender’s Liens

PBWT

In many chapter 11 cases, creditors’ committees can play a vital role in maximizing the recoveries of unsecured creditors. But the powers of creditors’ committees are circumscribed by both the Bankruptcy Code and case law. Bankruptcy Judge Joseph N. ’" Id. 3d 96, 100 (2d Cir. ’" Id.

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Bankruptcy Court Won’t Dabble in Case Concerning a Marijuana Business

PBWT

Of course, Arizonans needed a place to buy the newly-legalized substance, and retail marijuana dispensaries emerged to meet the demand. Like many other retail businesses, those dispensaries needed suppliers, who in turn needed manufacturers, who themselves needed to procure equipment. Bankruptcy Court for the District of Arizona.

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Can Bankruptcy Get Rid of My Credit Card Debt in Broomfield, CO?

Debt Free Colorado

Finding Solutions to Discharge Your Credit Card Debt Many find themselves struggling if they should file for bankruptcy because of their credit cards. Fortunately, bankruptcy can offer a path toward financial relief from credit card debt. Qualifying for Chapter 7 bankruptcy depends on your income and expenses through the means test.

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Debt Collection Now and Post-Covid

Nexa Collect

A large number of creditors are stuck with unpaid invoices, and as their own efforts fail they tend to submit more accounts to collection agencies. One of the difficulties in accessing that data is the reporting of consumer information by creditors and by debt collection agencies, themselves. drop from 2019.

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Attempting Debt Collection Efforts After a Debtor Files for Bankruptcy

FFGN COLLECT NY

Are you or your collection attorney attempting debt collection efforts even though the debtor filed for bankruptcy? Enforcing a claim and/or a judgment against an entity or individual who has an active bankruptcy pending or who has received an order discharging them from liability is more than a bad idea. The debtor did not pay.

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A Bankruptcy Court May Temporarily Suspend Rent Obligation

ABI

American Bankruptcy Institute Law Review Staff. . Under section 365(d)(3) of title 11 of the United States Code (the “Bankruptcy Code”), a trustee or debtor in possession must generally pay rent in accordance with the terms of an unexpired lease. Under the Bankruptcy Code, a landlord is entitled to “adequate protection.” [xvi]