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What Are Creditors’ Rights During Insolvency Proceedings?

Hudson Weir

If your business is struggling to pay its debts when they fall due, its important to keep in mind what are creditors rights during insolvency proceedings? As a director of an insolvent company, your overriding duty moves from maximising profits for the owners to preventing further losses, with creditors repayments in mind.

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Prodigal Raises $12M in Series A Funding

Account Recovery

More proof that there is plenty of interest from investors in the accounts receivable management industry came yesterday, in the form of a $12 million Series A funding announcement from Prodigal, a technology company that provides an automation platform for debt buyers, debt collectors, and creditors rights law firms.

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Getting to Know Cara Cotter of Kaleo Legal

Account Recovery

After working for a law firm based in Norfolk, Virginia handling business bankruptcy, creditors rights, and civil litigation matters, I joined PRA Group, Inc. as Compliance Counsel.

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Rick Steinberg moderates panel at TLA seminar

Price Meese

On January 22, 2021, Rick Steinberg moderated a panel at the Transportation Lawyers Association virtual Chicago Regional Seminar entitled “An Update on CreditorsRights in Bankruptcy.”

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Rick Steinberg presents at Transportation Lawyers Association webinar

Price Meese

Rick is the Chairman of the TLA Bankruptcy and CreditorsRights 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.”

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Rick Steinberg to give presentation on Chapter 15 of Bankruptcy Code

Price Meese

Rick is the Chairman of the Bankruptcy and CreditorsRights Committee of the Transportation Lawyers Association. 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.

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Cox & Engel paper critiques federal student loan program

Public Citizen

Our core finding is that the Education Department adopts a creditors-rights framework for student loan repayment, which is inapposite for student loans because borrowers have unique, federal rights that are unavailable in market credit transactions.