Sentences with phrase «securing court approval»

Not exact matches

But even without a competing bid, Buffett's deal faces a difficult road securing the approval of a bankruptcy court judge without Elliott supporting it.

The VA usually requires a two - year waiting period following a Chapter 7 bankruptcy or foreclosure before it will insure a loan, and borrowers in Chapter 13 must have made at least 12 on - time payments and secure the approval of the bankruptcy court.

As last minute efforts to secure a buyer over the weekend proved unsuccessful, the second largest bookstore in the United States announced in a news release on Tuesday that the group has submitted a proposal with Hilco and Gordon Brothers to the courts for approval.

The debtor shall obtain court approval to obtain secured credit and unsecured credit outside the ordinary course of business.

The VA usually requires a two - year waiting period following a Chapter 7 bankruptcy or foreclosure before it will insure a loan, and borrowers in Chapter 13 must have made at least 12 on - time payments and secure the approval of the bankruptcy court.

It was also a term of the agreement that the periodical payment order would be funded in accordance with the Damages Act 1996 (DA 1996), ss 2 (4) or 2 (5) and that the method by which the payments were to be funded — so that they were «reasonably secure» — was to be determined and the court's approval obtained.

As a result of the transaction which has received both shareholder and court approval, senior secured creditors (including entities managed by Carlyle and affiliates of Värde Partners) hold 96 % of the shares in the new Bis holding vehicle, a Cayman exempted company.

The VA usually requires a two - year waiting period following a Chapter 7 bankruptcy or foreclosure before it will insure a loan, and borrowers in Chapter 13 must have made at least 12 on - time payments and secure the approval of the bankruptcy court.