Troutman Sanders

SEPTEMBER 12, 2022

The decision vacates a 2021 Southern District of New York ruling, which held that the lenders were not on constructive notice of the mistake and could rely on the discharge-for-value doctrine to retain the funds. billion loan to Revlon, Inc., Citibank administered a $1.8 funded by a group of lenders.

Lender 52

Lender Construction Loans Debtor 52

ABI

JANUARY 22, 2023

ii] Consequently, the designation of a debtor as a SARE may have significant ramifications in a case. million construction loan from Evertrust Bank (“Evertrust”) to build a hotel. [v] v] Because Evertrust refused to fund $4 million on the loan, The Source Hotel halted construction. [vi]

Bankruptcy 40

Bankruptcy Debtor Construction Foreclosure 40

Fraser

SEPTEMBER 28, 2020

If you’re owed money by a bankrupt debtor, you likely have to file a claim. A creditor must take care to ensure that the claim amount listed on the debtor’s schedules is accurate and the claim is scheduled against the right debtor (in cases involving more than one debtor entity). Do You Have to File a Claim? Walton, Jr.’s

Bankruptcy 52

Bankruptcy Creditors Debtor Construction 52

ABI

JANUARY 19, 2024

In evaluating the Texas Business & Commerce Code and title 11 of the United States Code (the “Bankruptcy Code”), the United States Bankruptcy Court for the Southern District of Texas, in In Re Burts Construction, Inc., In 2017, Allegiance Bank loaned Burts Construction, Inc. the “Debtor”) $1.5 1] In re Burts Constr.,

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Secured Creditor Bankruptcy Debtor Collateral 40

Taurus Collect

MARCH 5, 2024

Persistent Contact: Debt collectors may contact debtors through phone calls, emails, letters, or even personal visits. Consider a Payment Plan: Many debt collectors are open to negotiating payment plans that are manageable for the debtor. Over time, these can accumulate, significantly increasing the total amount owed.

Debt collector 52

Debt collector Asset liquidation Debtor Education 52

ABI

MARCH 9, 2020

(“Acis LP”) is a Delaware limited partnership investment adviser and collateralized loan obligation (“CLO”) manager. [4] 5] Acis was named as an alleged debtor in an involuntary petition for relief under chapter 11 of the Bankruptcy Code. [6] 4] Highland Capital Management L.P. 24]. Gandy ( In re Gandy), 299 F.3d

Bankruptcy 40

Bankruptcy Debtor Collateral Construction 40

Nexa Collect

APRIL 11, 2021

Even industries that were doing well, such as commercial construction, transportation, biopharmaceutical research and development, found themselves forced to completely overhaul their operations at an unprecedented cost. drop from 2019. Source: US Bureau of Labor Statistics. They are, by no means, exceptions.

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Collections Collections Agency Collection Agencies Construction 130

Burr Forman

DECEMBER 4, 2020

Financial institutions, servicers, lenders, and debt collectors must stay up-to-date on evolving federal and state laws stemming from the COVID-19 pandemic, as such laws impact all facets of consumer loan servicing and debt collection. In March of 2020, Burr published an article discussing the global pandemic’s impact on collection practices.

Financial Institution 52

Financial Institution Garnishment Collections Foreclosure 52

Troutman Sanders

MAY 17, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. For more information, click here. On May 13, the U.S. 248, which limits a collection agency’s ability to collect on medical debt.

Financial services 52

Financial services Foreclosure Collections Agency Collection Agencies 52

ABI

FEBRUARY 26, 2025

LLC ), the United States Court of Appeals for the Ninth Circuit found that thepresumption that a debtor has the requisite mens rea the intent to defraud his creditorswas properly inferred from the mere fact that he operated a business entity that met the objective elements of a Ponzi scheme. [1] Rund ( In re Epd Inv. 1] Jerrold S.

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