Nexa Collect
JUNE 19, 2020
Most Concrete Pumping companies do not require collateral for their accounts receivable; however, the Company may file statutory liens or take other appropriate legal action when necessary on construction projects in which collection problems arise. Typically, the Company does not charge interest on past-due trade receivables.
Qualco
SEPTEMBER 12, 2023
This approach involves taking proactive measures, even when the credit is still in good standing, and the creditor has not yet taken possession of the collateral. This categorisation is pivotal in effectively monitoring the collateral portfolio and ensuring consistent practices when performing valuation calculations.
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Jimerson Firm
JANUARY 25, 2021
When underwriting and servicing SBA loans, it is important for lenders and CDCs to ensure appropriate insurance coverages are in place to protect the collateral. As a condition for the loan, the SBA requires borrowers to maintain hazard insurance on all pledged collateral. 13 CFR § 120.160 ; SOP 50 10 5(K). SOP 50 57 2 ; SOP 50 55.
PBWT
AUGUST 16, 2022
The Bankruptcy Court for the District of Hawaii ruled that the extension was constructively fraudulent, and thus avoidable under Bankruptcy Code section 548. The Makaha Valley project was meant to include two golf courses, a country club, and the development of individual plots surrounding the golf courses for residential construction.
Hudson Weir
SEPTEMBER 11, 2023
To reduce the lender’s risk exposure, a secured business loan provides them with collateral – a company asset. Company assets could include anything from equipment and constructions to vehicles and intellectual property. In contrast, an unsecured loan provided by a lender does not involve a company asset’s usage as collateral.
Fraser
JUNE 25, 2020
Because debtors require sufficient cash to operate their businesses and pay for the administrative expenses of the chapter 11 process, many seek interim court approval for financing (called “debor-in-possession” or “DIP” financing) and/or the use cash collateral that is subject to a secured creditor’s lien. Proof-of-Claim Bar Date.
Jimerson Firm
JUNE 3, 2021
Therefore, the plaintiff was collaterally estopped from claiming entitlement to inspect the corporate records. It does not consider the more common situation where a shareholder is “constructively ousted” or “oppressed.”. The post Is a Former Shareholder That Was Ousted from a Corporation Entitled to Inspect the Corporate Records?
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