Sentences with phrase «of claims in bankruptcy»

Not exact matches

WEINSTEIN NDAs: The Weinstein Co, which failed in the wake of sexual harassment claims against co-founder Harvey Weinstein, filed for bankruptcy yesterday with plans to sell its entertainment assets.

The movie studio filed for bankruptcy in the wake of sexual harassment claims against co-founder Harvey Weinstein, and its assets went up for sale.

Then last September, Mt. Gox trustee Nobuaki Kobayashi, a top restructuring lawyer also representing Takata in the airbag - maker's bankruptcy, broke the news: Under Japanese bankruptcy law, the value of creditors» claims were capped at what they were worth back in 2014: $ 483 per Bitcoin.

Claiming assets of just $ 600,000 and liabilities thrice that (mostly to trade creditors), Dack's filed for bankruptcy in December.

While Bond King Bill Gross, founder of world's largest bond fund PIMCO, is going deep into California and New York munis, claiming the returns are still the best in the market despite the headline risk, even the discussion of bankruptcy as a bargaining chip has caused some to fear bond market hysteria.

A statement of claim filed by law firm McGuigan Nelson LLP alleges, in essence, that Platinum CEO Shariff Chandran and his sister Chitra Chandran, a director, colluded with Calgary businessman Riaz Mamdani to drive Platinum properties into bankruptcy.

Portis won't reveal exactly how much he lost through these alleged misdeeds, but among the assets in his 2015 bankruptcy filings he included a $ 1 million note from Ahmed's firm as well as «potential» claims of $ 2 million and $ 8 million against Brahmbhatt's and Rubin's firms, respectively.

A trust for General Motors holding many of the carmaker's liabilities from before its 2009 bankruptcy has revived a deal with plaintiffs suing over faulty ignition switches that might require the company to pay $ 1 billion in shares to resolve millions of claims.

According to the U.S. Court System Administration Office, there were 936,795 bankruptcy filings in 2014, the majority of which were individuals claiming Chapter 7.

The post reads: «We ask that those who disagree with the decision to file for bankruptcy to respect their fellow victims and to refrain from acting in ways that could undermine the claims of their fellow victims.

The researchers theorise that banks increasing their dividends harm the claims that its own bank creditors have on its balance sheet in a bankruptcy scenario, thereby weakening the financial strength of the whole network.

CryptosRUs recently reported on how the massive market correction experienced over the past 2 to 3 months has been directly correlated with an enormous sell - off of BTC held by Mt. Gox bankruptcy trustee Nobuaki Kobayashi, which he claimed was needed in order to raise funds to pay off company debts.

Paterson's secretary, Larry Schwartz, and NYC OTB President Greg Rayburn held a conference call earlier today to reiterate that the cash - strapped betting operation will shut down if the Legislature doesn't approve its restructuring plan, costing thousands of jobs and leaving the state on the hook for $ 540 million worth of pension liabilities and $ 100 million in outstanding bankruptcy claims.

Whenever you doubt that think of my list above or this simple fact: NYC has stayed in the black for twelve years (even though the mayor claimed otherwise more than once just to keep us fiscally conservative) and unlike many cities with far less social programs, NYC never had to entertain bankruptcy (e.g., Detroit goes under with $ 18 billion debt but NYC thrives with a $ 24 billion budget for DOE alone).

The claims process is part of a settlement agreement previously approved in the U.S. Bankruptcy court in Wilmington, Delaware and supported by Attorney General Eric Schneiderman, 23 other states, and the District of Columbia.

The first bankruptcy in the history of the TIFIA program, the filing was the immediate result of the burden of claims by the contractor that built the SBX Project, particularly the ongoing litigation costs.

Chrysler said yesterday in a letter to Congress that it would begin accepting product liability claims filed before June 10, 2009, the day it emerged from its government - backed bankruptcy as a new organization.Chrysler Group («new Chrysler») purchased many of Old Carco's («old Chrysler») assets on J

We've already reported on some of the liabilities Chrysler and GM were allowed to shed in their transformative bankruptcy proceedings, leaving behind hundreds of claims to be satisfied by the scraps leftover from their pre-bankrupt incarnations.

In the Chapter 13 Bankruptcy, the trustee pays creditors in order of the claim they hold — priority, secured and unsecureIn the Chapter 13 Bankruptcy, the trustee pays creditors in order of the claim they hold — priority, secured and unsecurein order of the claim they hold — priority, secured and unsecured.

In this case, you either have to pay the debt off including all interest and late fees incurred, wait for the statute of limitations to expire on unsecured debt or claim bankruptcy to get rid of the debt.

Finally, you can't be a debtor in a Chapter 11 bankruptcy, and you can't have received advance payments of the premium tax credit for yourself, your spouse, or anyone you signed up for health insurance coverage who isn't being claimed as a personal exemption on someone else's tax return.

In the context of proposals or bankruptcy, a creditor is a person having a claim provable under the Act.

She also claimed that a provision increasing the exemption amount to $ 350, found in § 33-15-415 (1)(c), did not apply because the annuity contracts were the property of the bankruptcy estate.

So if we can not allow piecemeal bankruptcies to clear the system, then what is the alternative except national bankruptcy — which takes the form of meeting all the claims in nominal terms and then hyper - inflating?

Russ Wood Says: JVDeLong wrote — So if we can not allow piecemeal bankruptcies to clear the system, then what is the alternative except national bankruptcy — which takes the form of meeting all the claims in nominal terms and then hyper - inflating?

The same set of questions can be applied to the balance sheet where the debt investor asks what it would take for his claim to be impaired in bankruptcy, or wiped out in full.

In the event of company bankruptcy, preferred shareholders have a higher priority claim on company assets than common shareholders.

With that out of the way, let's delve into the details of how to file bankruptcy in Ohio, what sort of exemptions you can claim so you can keep your property, and where the bankruptcy courts are located.

This is a person underneath the judge that is in charge of heading most bankruptcy claims and cases.

In a chapter 12 case, to participate in distributions from the bankruptcy estate, unsecured creditors must file their claims with the court within 90 days after the first date set for the meeting of creditorIn a chapter 12 case, to participate in distributions from the bankruptcy estate, unsecured creditors must file their claims with the court within 90 days after the first date set for the meeting of creditorin distributions from the bankruptcy estate, unsecured creditors must file their claims with the court within 90 days after the first date set for the meeting of creditors.

According to bankruptcy rule 3002 (a), Necessity for Filing, an unsecured creditor or an equity security holder must file a proof of claim or interest for the claim or interest to be allowed, except as provided in Rules 1019 (3), 3003, 3004, and 3005.

Filing Chapter 7 or Chapter 13 Bankruptcy does not discharge all debts including student loans, current tax obligations, debts from willful and malicious injuries to persons or property, debts for personal injuries caused from the debtor's operation of a motor vehicle while under the influence of alcohol or drugs, debts from fraudulent actions, Debts that were not included in the bankruptcy schedules in time to allow creditors to file proofs of claim (unscheduled debts), and child support or spousaBankruptcy does not discharge all debts including student loans, current tax obligations, debts from willful and malicious injuries to persons or property, debts for personal injuries caused from the debtor's operation of a motor vehicle while under the influence of alcohol or drugs, debts from fraudulent actions, Debts that were not included in the bankruptcy schedules in time to allow creditors to file proofs of claim (unscheduled debts), and child support or spousabankruptcy schedules in time to allow creditors to file proofs of claim (unscheduled debts), and child support or spousal support.

If you file for bankruptcy claiming a high amount of debt in relation to your income, the bankruptcy court could look back on your credit applications to determine how you came to amass it.

A bankruptcy judge has ruled in favor of a Maryland resident who claimed she could not repay her student loans because her Asperger's syndrome prevents her from holding a job.

Although this program operates at a loss, it has saved this country billions of dollars in potential bankruptcy claims since its inception.

The right, available in most states and in the bankruptcy process, to treat your residence as exempt property that can not be sold to satisfy the claims of unsecured creditors.

This will include a proof of claim which creditors can complete in order to submit a claim for their share of any proceeds realized during your bankruptcy or proposal, including any payments you make.

As to how the court handles a claim in bankruptcy, there are three different types of claims that can be paid during the process.

Prior to 2008, Western District of New York courts held that when a husband and a wife both file bankruptcy and one spouse has a life insurance policy with cash value and the other spouse as the beneficiary, the bankruptcy trustee, as trustee for both the owner and beneficiary of the policy, could claim in the cash value.

A claim in bankruptcy is a formal written assertion by a creditor of their right to a payment from the debtor during the process.

As long as the bankruptcy does not involve payment of a dividend to creditors (there's a deadline for creditors to file claims in this situation), the creditor can be added at any time.

It's considered a legal domestic support obligation as part of one's divorce proceedings, and won't hold up in a bankruptcy claim.

In my proposal, the Treasury Secretary would initiate the process, but then would get handed off to a special bankruptcy court for adjudication of claims.

Bank debt is a loan to a corporation that typically has first priority to make claims on the company in bankruptcy, ahead of the bondholders, much less the preferred stockholders and the common equity.

Speed kills; a handoff to the bankruptcy court with the US Treasury backstopping the firm in the short run would be the best minimalist solution, stopping contagion, and allowing for an orderly resolution of competing claims under conditions transparent to the US taxpayer.

On Monday, the Department of Education released a Federal Register Notice requesting public comment on how to evaluate «undue hardship» in student loan bankruptcy claims.

Preferred stock is special stock sold to particular institutions or individuals that grant the holder priority over common stock holders in terms of dividends and bankruptcy claims.

The letter must support the claims of extenuating circumstances; confirm the nature of the event that led to the bankruptcy or «foreclosure - related action» (also known as a short sale in Fannie Mae terminology), and illustrate the borrower had no reasonable options other than to default on his or her financial obligations.

Can we make the claim that the lack of a bank account is a factor in bankruptcy filings?

With foreclosures and bankruptcies on the rise these past few years, mortgage banks are not as quickly to cooperate in short sales, quit claims, or a deed in lieu of foreclosure.