Sentences with phrase «debtor company»

The phrase "debtor company" refers to a business or company that owes money to someone else or another company. It means that the company has borrowed funds or received goods or services on credit and needs to repay the amount owed. Full definition
In a CCAA restructuring, the debtor company remains in possession of its property and continues to conduct its business.
The procedure for corporate insolvency is similar to bankruptcy, but the statutory demand can be served by post on the registered office of the Debtor company and the minimum sum that can be pursued is # 750.
We may act for a debtor company attempting to restructure its affairs while holding off its creditors on one file, working for an accounting firm that is appointed by the court to act in the best interests of all creditors on a second file, and working for a secured creditor trying to recover as much as possible on the loans it made on a third file.
• The clients that you are dealing with, obviously there is the debtor company that isn't a repeat customer, but in a lot of respects you are dealing with the same people all the time.
Re Sanko Steamship Co Ltd [2015] EWHC 1031 (CH) Application for the remission of funds to the debtor company under the Cross-Border Insolvency Regulations 2006.
You sue here and take the judgment there, only to learn you essentially need to sue again and win in your debtor company's home country.
It is unlikely that any court would allow a debtor company to continue to operate on contaminated lands while, at the same time, sanctioning the compromise of its environmental obligations under insolvency law.
Foreign critical suppliers may be able to extract payment in full, for amounts owed to them by a debtor company in a Companies» Creditors Arrangement Act filing, by virtue of their location in a foreign country and the critical nature of the goods or services that they supply.
According to s. 11.4 of the CCAA, a critical supplier is one whose goods or services are critical to the continued operation of the debtor company.
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