Hudson Weir

JANUARY 26, 2024

A restructuring plan can be used for numerous debt restructuring purposes, such as: Debt rescheduling A compromise in the amount of debt Refinancing Arrangements can be made with both secured and unsecured creditors under a restructuring plan. How does a restructuring plan work?

Unsecured Creditor 52

Unsecured Creditor Creditors Secured Creditor Unsecured Debt 52

Debt RR

DECEMBER 13, 2019

These unsecured debts come in the form of payments for goods and services already received, royalties, commissions, or salaries. When a business starts skipping payments for these basic operational debts, it’s a major red flag that it’s in financial trouble. Secured Creditors. Unsecured Creditors.

Chapter 7 bankruptcy 42

Chapter 7 bankruptcy Bankruptcy Creditors Retail 42

BN Lawyers

MARCH 23, 2020

Unsecured lenders should generally be willing to defer payments. For an unsecured creditor to obtain a recovery, it would need to engage in a months-long legal process to obtain a judgment that could be halted at any point by a chapter 11 bankruptcy reorganization.

Bankruptcy 67

Bankruptcy Creditors Lender Lawyers 67

PBWT

FEBRUARY 7, 2021

The plan proposed to pay unsecured creditors $300,000 over five years and to make regular mortgage payments to the secured creditors. The plan classified the Harris County claim as an impaired secured claim that would be paid in full in five years, contingent on the County's agreement.

Creditors 73

Creditors Bankruptcy Unsecured Creditor Unsecured Debt 73