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Solvent Debtors Must pay the Contractual Post-Petition Interest Rate on Unimpaired Claims

ABI

the United States Court of Appeals for the Ninth Circuit held that solvent-debtors are required to pay unimpaired creditors their bargained for post-petition interest rate. [1] 7] Generally, under the Bankruptcy Code, once a debtor files for bankruptcy, an unsecured claim no longer accrues interest. [8]

Debtor 40
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Crypto Exchange Platforms Grapple with Consequence of Filing Bankruptcy

PBWT

Exchange platforms also function similar to traditional securities brokers that facilitate the trading of investment products that are not typically held in the beneficial owner’s name. Furthermore, a debtor may use or sell its property either in the ordinary course of business or with court authorization.

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What Is Nonexempt Property In Bankruptcy, And Why Does It Matter?

Debt Free Colorado

In Chapter 7 bankruptcy proceedings, the phrase “non-exempt property” refers to a debtor’s estate property that does not qualify for a statutory exemption. ” The Trustee has the authority to seize and liquidate non-exempt property to benefit creditors. .” portion of the debtor’s home’s equity.

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What Are Debentures? Everything You Need To Know

Hudson Weir

This may include stock, cash, raw materials, debtors, fixtures and fittings, vehicles or intellectual property. In the case of insolvency or liquidation, a floating charge would give the lender priority over unsecured creditors in the order of repayment. Fixed charge debenture.

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All in a Day’s Work. Belk Achieves Confirmation of Pre-Packaged Plan in Record Time

PBWT

” [1] Critically, the plan leaves all unsecured creditors unimpaired. There are only a handful of examples, and for many debtors it is not an option. Protecting Trade. Leaving trade creditors unimpaired, while not legally required, is an essential pragmatic consideration. Due Process.

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Rough Justice: Third Circuit Issues Important Decision on Unfair Discrimination

PBWT

It also attempts to ensure that debtors and courts do not have carte blanche to disregard prebankruptcy contractual arrangements, while leaving play in the joints. [6] 6] Next, the senior noteholders argued that the Plan unfairly discriminates against them. August 26, 2020) (“ Tribune ”). [2] should benefit from. subordination.”

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International Debt Recovery Report reveals trickiest countries to recover from

UK debt collections

Recovering debts from overseas has never been easy but a trade report produced by Trade insurers Allianz Trade sheds some light on those countries where risk of not getting monies back are highlighted. The score covers 49 countries representing nearly 90% of global GDP and 85% of global trade.