Sentences with phrase «litigation against the debtor»

While the automatic stay is in place, most litigation against the debtor is stayed, or put on hold, until it can be resolved in bankruptcy court, or resumed in its original venue.

This time it was purportedly the representative of a Japanese law firm wanting local representation for litigation against debtors in the US.

Not exact matches

Chapter 11 debtors are also protected from litigation against the business through the use of an automatic stay.

Deals with clients in business litigation such as that between Pillsbury and the SonicBlue board may be perfectly reasonable in most situations, but in bankruptcy, where the interests of creditors are paramount in a debtor - in - possession situation, such a deal undermines the entire process because Pillsbury could not be expected to fully pursue claims against the board if Pillsbury was potentially on the hook for any damages by agreement.

Lead litigation counsel to Arch Coal, Inc. in all aspects of its Chapter 11 reorganization, including successfully defending against a challenge to proposed DIP financing at a contested evidentiary hearing and defending breach of fiduciary duty claims against the debtors» management.