Jimerson Firm

MAY 5, 2021

Some small businesses debtors will close without reorganizing and before having received forgiveness for or paying off the funds they received through the PPP loan and/or EIDL programs. Stay Tuned.

Collateral 98

Collateral Loans Government Debtor 98

In the Red

AUGUST 2, 2018

Chicago American Manufacturing, LLC , 686 F.3d The court held that under Section 365(g) of the Bankruptcy Code, rejection operates as a breach by the debtor but not as a termination of the contract. 3d 382 (7th Cir. Supreme Court to review the First Circuit’s decision. (As

Bankruptcy 100

Bankruptcy Debtor Manufacturing Trade 100

FFGN COLLECT NY

AUGUST 4, 2021

The debtor bought 45 truckloads of furniture from now-defunct restaurants and hired our client to pick up, move, and store the goods. The client performed their portion and then the debtor stopped paying. And, if the debtor was not paying , they might be able to sell the goods and artwork for far more than they were owed.

Manufacturing 40

Manufacturing Debtor Collections 40

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. The Court further noted that fraudulent conveyances at common law did not require a misrepresentation by a debtor to his creditor.

Creditors 40

Creditors Debtor Bankruptcy Manufacturing 40

PBWT

JULY 20, 2021

The Bankruptcy Code grants the power to avoid certain transactions to a bankruptcy trustee or debtor-in-possession. Glove, Inc. (“Plaintiff”) is a manufacturer of gymnastic grips and wrist supports. See, e.g., 11 U.S.C. §§ §§ 544, 547–48. Glove, Inc. , 21-10172-T11, 2021 WL 2405399 (Bankr.

Creditors 65

Creditors Bankruptcy Debtor Manufacturing 65

Nexa Collect

JANUARY 16, 2021

An alternative would be to allow a debtor to pay in interest-free and penalty-free installments. Are you a manufacturer of vintage toys with a very niche customer base and very few distribution centers? You can also include simple expedients to encourage quick invoice payment, such as offering prompt-payment discounts.

Manufacturing 130

Manufacturing Debtor Debt Recovery Collections 130

FFGN COLLECT NY

MARCH 31, 2023

Whether the defenses raised by the debtor are valid or not, a debtor defending a debt collection case can delay collection. A debtor can buy themselves time just by filing an answer to the summons and complaint. The debtor’s defenses were general in nature. Facts can be undisputed by way of the debtor’s conduct.

Judgment 52

Judgment Collections Debtor Education 52

FFGN COLLECT NY

OCTOBER 27, 2020

This happens with clients in all industries, but we find it especially common in specialty chemical clients in situations where the debtors rely on the products they’ve been cut off from due to non-payment. The debtor may allege their business can not survive without the creditor’s product. Each got what they wanted.

Collections 52

Collections Debtor Creditors Manufacturing 52

Credit Management Company

JUNE 4, 2019

While healthcare providers are most commonly associated with debt collection, lenders, manufacturers, service companies, retailers, contractors, and even independent contractors can benefit. Monitoring when certain debtors become solvent. Offering online payment options. Prioritizing accounts most likely to pay.

Collection Agencies 60

Collection Agencies Collections Agency Collections Healthcare 60

Burr Forman

AUGUST 10, 2020

Derek regularly represents debtors, creditors, committees, asset purchasers and other clients in matters related to insolvency, financial distress, and bankruptcy, both in and out of court. Derek is the chair of the firm’s Creditors’ Rights and Bankruptcy practice group and a Fellow in the American College of Bankruptcy.

Lawyers 40

Lawyers Bankruptcy Collateral Manufacturing 40

Troutman Sanders

NOVEMBER 13, 2023

On November 2, the Federal Housing Administration (FHA) announced its publication of updated appraisal requirements for valuation of certain manufactured homes. For more information, click here. State Activities: On November 9, the State of Minnesota enacted a bill, Chapter 70 — S.F.No.

Financial services 52

Financial services Manufacturing Debt Management Debtor 52

ABI

JANUARY 19, 2024

John’s University School of Law American Bankruptcy Institute Law Review Staff Endo Pharmaceuticals (“Endo”) develops, manufactures, markets, and distributes prescription pharmaceutical products. 22] The automatic stay is broad, and it generally enjoins all litigation against a debtor. [23] Kathleen Gatti St.

Bankruptcy 40

Bankruptcy Manufacturing Debtor Government 40

Burr Forman

JANUARY 7, 2022

Meryl Cowan is a member of the firm’s Labor & Employment group where she represents employers, manufacturers, and companies in all aspects of general employment, labor, and employment discrimination law.

Bankruptcy 52

Bankruptcy Creditors Secured Creditor Manufacturing 52

Burr Forman

JANUARY 7, 2021

Hanna’s practice focuses on representing creditors and debtors, both in and out of court, to, among other things, enforce and/or restructure debt obligations, including through the bankruptcy process. Birmingham. Hanna Lahr practices in the firm’s Creditors’ Rights & Bankruptcy group. Jacksonville.

Manufacturing 40

Manufacturing Bankruptcy Acquisition Creditors 40

ABI

JANUARY 19, 2024

1] Section 503(b)(9) states that after notice and a hearing, administrative expenses should be allowed for “the value of any good[s] received by the debtor within 20 days before the date of commencement of a case under this title in which the goods have been sold to the debtor in the ordinary course of such debtor’s business.” [2]

Bankruptcy 40

Bankruptcy Manufacturing Debtor 40

Collection Industry News

SEPTEMBER 29, 2020

million in light of the unprecedented financial distress being experienced by small businesses all across the county, including especially by small retailers and manufacturers, restaurants and services providers. million to $7.5 The increased debt limit, which became effective February 20, 2020, includes a one-year sunset.

Bankruptcy 45

Bankruptcy Creditors Debtor Lawyers 45

Debt RR

OCTOBER 13, 2019

For example, real estate or nonprofit entities are very different from traditional commercial businesses like a manufacturing plant or logistics company. So, when a business like Theranos went under, there were debtors with potentially three months or more worth of operating revenue on the line. DSCR for B2C.

Debt Recovery 44

Debt Recovery Creditors Lender Loans 44

Troutman Sanders

MAY 17, 2021

The proposed amendments include changing the definition of medical debt, allowing medical debtors to initiate contact and make voluntary payments, and preventing certain written communications from being sent via certified mail. On May 10, the Nevada Assembly Committee on Commerce and Labor submitted recommendations to S.B.

Financial services 52

Financial services Foreclosure Collection Agencies Collections Agency 52