Columbus, who chaired his former firm's bankruptcy group, focuses his practice primarily on business reorganization matters and out - of -
court debt restructurings in a wide range of matters for a diverse group of clients, including banks and other financial institutions, secured creditors, unsecured creditors, creditor committees, debtors, plan trustees and buyers of distressed assets.
We represent debtors, creditors, trustees, creditors» committees, institutional lenders and investors in connection with out of
court debt restructurings, acquisitions and financings, complex litigation, in addition to Chapter 7, 9, and 11 bankruptcy cases throughout the U.S..
Not exact matches
In some cases, these retailers were able to come to an agreement with their creditors and
restructure their
debts without going through bankruptcy
court, as the threat of bankruptcy motivates the creditors to negotiate.
The company won U.S.
court approval on Tuesday for its multi-billion dollar
debt restructuring plan after reaching a deal with more than 40 banks, unsecured creditors and shipyards.
The news comes just days after Bloomberg News reported that the one - time toy selling giant had been unable to find a buyer in bankruptcy
court or
restructure its
debt, and that it was preparing to liquidate its U.S. business.
SINGAPORE, April 29 - Noble Group will set a date for a special meeting to seek shareholder approval for a $ 3.4 billion
debt restructuring after a Singapore
court blocked its scheduled annual meeting following legal action by a dissident shareholder.
The provisions of Chapter 11 of the U.S. Bankruptcy Code allow businesses to find ways to reduce their
debt and
restructure their operations without having to be shut down and liquidated to satisfy
debts — instead of closing their doors, businesses can stay open, pay their employees, and take in revenue while developing a budget and a repayment plan for creditors (subject to the approval of the bankruptcy
court).
In a
debt restructuring (in bankruptcy
court or negotiated privately), they might lose money on the
debt, but as creditors, they get part or all of the equity of the
restructured company.
Sbarro expects to cut its
debt load by more than 80 percent, and said nearly all its lenders support its
restructuring, which requires
court approval.
And unlike Detroit, which was able to file under Chapter 9 of the U.S. bankruptcy code, there's no
court process under which Puerto Rico can
restructure its
debts — unless Congress changes the law.
The
debt -
restructuring petition was filed by Puerto Rico's financial oversight board in the U.S. District
Court in Puerto Rico under Title III of last year's U.S. congressional rescue law known as PROMESA.
You may be able to discharge or
restructure your credit card
debt through bankruptcy
court.
Cases of
debt - equity
restructuring inside or outside of
court, such as CIT unsecured senior bonds due in 2010
The Scam «We'll reduce your
debts by 70 % through a government mandated
debt relief program» «We
restructure your
debt through a 100 % legal program approved by the
court» «We work for you and not your creditors» Have you heard of these catchy slogans from
debt consultants who will tell you anything you would like to hear?
a) Disputes filed - 18 months b) Inquiries - 2 years c) Payment profile -5 years d) Information related to a consumers payment behavior such as slow payer, defaulted or absconded - 1 year e) Information relating to the action that a credit provider has taken against a consumer to enforce a
debt such as handed over, legal action or write - off - 2 years f) Debt restructuring - Until a clearance certificate is given g) Civil court judgments - 5 years or until the court removes it h) Administration orders (orders to put a consumer under administration)- 10 years or until the court removes it i) Sequestrations (order given by the court where the consumer is insolvent)- 10 years or until the court removes it j) Liquidations (order given by the court where the consumer is insolvent)- no time limit k) Court order removing a liquidation or sequestrations after all the debt was paid - 5 years l) Other information (information not covered above)- 2 years Other Useful Topics Learn how to dispute information on your credit report in South Afr
debt such as handed over, legal action or write - off - 2 years f)
Debt restructuring - Until a clearance certificate is given g) Civil court judgments - 5 years or until the court removes it h) Administration orders (orders to put a consumer under administration)- 10 years or until the court removes it i) Sequestrations (order given by the court where the consumer is insolvent)- 10 years or until the court removes it j) Liquidations (order given by the court where the consumer is insolvent)- no time limit k) Court order removing a liquidation or sequestrations after all the debt was paid - 5 years l) Other information (information not covered above)- 2 years Other Useful Topics Learn how to dispute information on your credit report in South Afr
Debt restructuring - Until a clearance certificate is given g) Civil
court judgments - 5 years or until the court removes it h) Administration orders (orders to put a consumer under administration)- 10 years or until the court removes it i) Sequestrations (order given by the court where the consumer is insolvent)- 10 years or until the court removes it j) Liquidations (order given by the court where the consumer is insolvent)- no time limit k) Court order removing a liquidation or sequestrations after all the debt was paid - 5 years l) Other information (information not covered above)- 2 years Other Useful Topics Learn how to dispute information on your credit report in South Af
court judgments - 5 years or until the
court removes it h) Administration orders (orders to put a consumer under administration)- 10 years or until the court removes it i) Sequestrations (order given by the court where the consumer is insolvent)- 10 years or until the court removes it j) Liquidations (order given by the court where the consumer is insolvent)- no time limit k) Court order removing a liquidation or sequestrations after all the debt was paid - 5 years l) Other information (information not covered above)- 2 years Other Useful Topics Learn how to dispute information on your credit report in South Af
court removes it h) Administration orders (orders to put a consumer under administration)- 10 years or until the
court removes it i) Sequestrations (order given by the court where the consumer is insolvent)- 10 years or until the court removes it j) Liquidations (order given by the court where the consumer is insolvent)- no time limit k) Court order removing a liquidation or sequestrations after all the debt was paid - 5 years l) Other information (information not covered above)- 2 years Other Useful Topics Learn how to dispute information on your credit report in South Af
court removes it i) Sequestrations (order given by the
court where the consumer is insolvent)- 10 years or until the court removes it j) Liquidations (order given by the court where the consumer is insolvent)- no time limit k) Court order removing a liquidation or sequestrations after all the debt was paid - 5 years l) Other information (information not covered above)- 2 years Other Useful Topics Learn how to dispute information on your credit report in South Af
court where the consumer is insolvent)- 10 years or until the
court removes it j) Liquidations (order given by the court where the consumer is insolvent)- no time limit k) Court order removing a liquidation or sequestrations after all the debt was paid - 5 years l) Other information (information not covered above)- 2 years Other Useful Topics Learn how to dispute information on your credit report in South Af
court removes it j) Liquidations (order given by the
court where the consumer is insolvent)- no time limit k) Court order removing a liquidation or sequestrations after all the debt was paid - 5 years l) Other information (information not covered above)- 2 years Other Useful Topics Learn how to dispute information on your credit report in South Af
court where the consumer is insolvent)- no time limit k)
Court order removing a liquidation or sequestrations after all the debt was paid - 5 years l) Other information (information not covered above)- 2 years Other Useful Topics Learn how to dispute information on your credit report in South Af
Court order removing a liquidation or sequestrations after all the
debt was paid - 5 years l) Other information (information not covered above)- 2 years Other Useful Topics Learn how to dispute information on your credit report in South Afr
debt was paid - 5 years l) Other information (information not covered above)- 2 years Other Useful Topics Learn how to dispute information on your credit report in South Africa.
Bankruptcy is a judgment from a
court that removes or
restructures your
debt.
The company worked out deal with some of its priority bondholders (folks who own almost $ 2 billion of Arch
debt) which included a formal
restructuring under the supervision of a bankruptcy
court.
Max has acted in a wide variety of
restructuring and insolvency cases, including cross-border, private and
court - supervised
debt workouts and
restructurings, receiverships, bankruptcies, winding - ups, secured transaction and priority disputes.
PlayPower Holdings successfully
restructured its operations out of
court last week, reaching an agreement with lenders to eliminate $ 145 million in
debt.
And we have acted in a wide spectrum of cases, including private and
court - supervised
debt workouts and
restructurings, receiverships, bankruptcies, winding - ups, secured transaction and priority disputes, directors» and officers» liability, lender liability and shareholder disputes.
He also devotes a large portion of his practice to
debt restructuring, and has managed over $ 2.5 billion in federal, state and out - of -
court proceedings.
Canadian Airlines, in connection with a
court - supervised plan of arrangement for the
restructuring of Canadian Airlines $ 3.5 billion
debt through CCAA proceedings.
To avoid asset sales, General Growth would need to get its creditors to agree to
restructured or reduced
debt and have its plan approved by the bankruptcy
court.