Sentences with phrase «unsecured creditors»

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.

The bankruptcy and restructuring attorneys have extensive experience representing both secured and unsecured creditors in all bankruptcy matters.

Some capital guaranteed or protected investments are secured against separate assets, whereas with other investments, investors only rank as unsecured creditors if things go wrong.

The corporate bond is not secured against company property but you are ranked ahead of other unsecured creditors.

You must pay your secured debts in full with interest while the court will typically allow you to pay unsecured creditors only what you can afford.

Trustee: In Chapter 7, an individual charged with attempting to obtain a dividend for unsecured creditors.

Within the creditors, secured creditors take priority over unsecured creditors.

Typical unsecured creditors include credit card issuers, medical providers, and payday lenders.

This was because of the other interests involved, including employees, secured creditors and other unsecured creditors such as suppliers and self - employed contractors.

You may have had a debt with an ordinary unsecured creditor that you have not heard about for a very long time.

In the bankruptcy, unsecured creditors did not receive any distributions and the wife, therefore, received nothing.

In chapter 7 cases filed by consumers, unsecured creditors usually get nothing.

If you have equity in your home, you could take out a home equity loan to repay unsecured creditors.

In a business bankruptcy employees who are owed wages are preferred creditors, and receive payments before regular unsecured creditors.

Gift cards are considered loans and gift card holders are considered unsecured creditors.

While you may receive a refund, it is unlikely because unsecured creditors such as gift card holders are the lowest priority.

Every penny after expenses must go toward paying back unsecured creditors.

You may get some of your money back after secured and senior unsecured creditors are paid, but before other company debts are paid.

Typically, bankruptcy courts only require one group of unsecured creditors to support a takeover bid.

When your second mortgage becomes unsecured it then falls into the pool of general unsecured creditors and paid a dividend or possibly nothing depending upon the facts of the case.

The corporate bond is not secured against company property and you are not ranked ahead of other unsecured creditors.

Doesn't pay unsecured creditors all of the debt owed.

In a Chapter 7 bankruptcy, some of this property in the bankruptcy estate may be sold to repay unsecured creditors.

The next deadline that comes up on the radar is the proof of claim deadline for the general unsecured creditors such as credit cards.

A preferred creditor is paid in priority to regular unsecured creditors.

A Company Voluntary Agreement (CVA) provides a company (Debtor) experiencing financial difficulties with a quick and flexible way of essentially restructuring its debts with unsecured creditors with a view to continuing its business.

In normal parlance: the Trustee would pay out all proven claims by unsecured creditors in the bankruptcy in full, and the remaining lottery winnings would be returned at the time of discharge.

Bankruptcy exemptions are legal statutes, either state or federal, which will protect a certain portion of your assets from unsecured creditors when you file for bankruptcy protection.

Among the largest unsecured creditors listed in the petition are the Pension Benefit Guaranty Corp., which is the US government's insurer for failed private - sector pension plans, and the Marlin Firearms Company Employees Pension Plan.

China Cement concerned the question of whether and in what circumstances directors of Cayman Islands» companies are authorised to seek to commence court supervised restructuring proceedings (which provide the protection of a moratorium on unsecured creditor action) by presenting a winding - up petition and applying for the appointment of provisional liquidators.

However one of the fundamentals of bankruptcy is that viagra substitut ordinary unsecured creditors owed money have to wait in line for the receiver to decide how best to deal with the insolvent business.

Together, they will represent a 394 - page list of unsecured creditors who combine for over $ 500 million owed.

, USBC, E.D. Calif. — lead debtor's counsel for medical device manufacturer (U.S. subsidiary of insolvent Dutch multinational conglomerate) in liquidating chapter 11 case; structured, negotiated and confirmed compromise plan that provided 85 % cash payment to unaffiliated unsecured creditors while avoiding lengthy and expensive litigation over treatment of affiliates.

According to the US Courts website, not all debts need to be paid in full in Chapter 13 proceedings: The plan need not pay unsecured claims in full as long it provides that the debtor will pay all projected «disposable income» over an «applicable commitment period,» and as long as unsecured creditors receive at least as much under the plan as they...

As used in this chapter, «debt settlement services» means any of the following services that a person performs, offers to perform, or represents, either directly or by implication, that the person will perform with respect to a debt between a buyer and one (1) or more unsecured creditors or debt collectors: (1) A renegotiation of the debt.

As if to underscore that point, the committee representing unsecured creditors in the bankruptcy filed a tersely worded document with the bankruptcy court in Houston on Tuesday objecting to ATP's latest attempt to line up financing.

If your bond issuer goes bankrupt, secured creditors like banks are paid first, followed by unsecured creditors like bondholders.

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Advising a major unsecured creditor during a Chapter 11 proceeding regarding appropriate valuation of the debtor's prepetition environmental liabilities.

, USBC S.D Fla. — represented Official Creditors» Committee of chapter 11 debtor Polar Air Cargo; through ligation and negotiation obtained very favorable separate plan treatment of Polar Air unsecured creditors.

In re Jomed, Inc. et al., USBC, E.D. Calif. — lead debtor's counsel for medical device manufacturer (U.S. subsidiary of insolvent Dutch multinational conglomerate) in liquidating chapter 11 case; structured, negotiated and confirmed compromise plan that provided 85 % cash payment to unaffiliated unsecured creditors while avoiding lengthy and expensive litigation over treatment of affiliates.

Since in a bankruptcy proceeding unsecured creditors generally get paid before common shareholders, creditors who are afraid they might lose their investment can sometimes force a bankrupt company to accept a bid that undervalues its stock, notes Todd Sullivan, a Massachusetts - based investor and author of the Value Plays blog.

[1] Being that the case arose in Minnesota, perhaps Circuit Judge Michael Melloy channeled Keillor, one of that state's great humorists, when he authored the opinion in The Official Committee of Unsecured Creditors v.

After Phoenix - based regional carrier Mesa Air Group filed for bankruptcy in 2010, The American Lawyer reported on the feeding frenzy of 27 firms scrambling to advise unsecured creditors in the case.

Unsecured creditors objected to the low valuation, at which point Wangxiang emerged as a serious potential contender for Fisker's assets.

Because unsecured loans are more risky, unsecured creditors often impose higher interest rates on the money you borrow.

Unsecured creditors loan you money based on your promise to pay.