The what, where, when and how of filing an accurate Bankruptcy Proof of Claim is outlined here, along with a nine-point checklist to guide you through the process.
Many people do not know that there are three categories of creditors in Chapter 7 and 11 bankruptcies: secured, unsecured, and the third – executory contracts and unexpired leases, which require a separate listing in Schedule G.
Most business people don't recognize the moment that an account they are selling to goes bad. Frankly, most business people don't know what to look for, even when the clues are right there.
What exactly is involved in filing bankruptcy? The steps in the liquidation process – as provided for under Title 11, Chapter 7 of federal bankruptcy law – are outlined here.
We complete our Introduction to Bankruptcy with an overview of the reorganization process provided for under U.S. Title 11, Chapter 11 of federal bankruptcy law.
As appealing as it may initially appear, filing a petition for bankruptcy against a delinquent debtor may create more problems than it solves. Be sure you understand the legal requirements and responsibilities involved before going with this option.
"The creation of a market in bankruptcy claims is the single most important development in the bankruptcy world since the Bankruptcy Code’s enactment in 1978," according to Georgetown University Associate Professor of Law, Adam J. Levitin. So, who's selling and who's buying, and what's it all about?
With the establishment of the Unsecured Creditors' Committee, the US Congress gave unsecured creditors a seat at the Chapter 11 Bankruptcy table.
While overall U.S. Business Bankruptcies have declined in recent years, a bankruptcy filing by just one of your top customers could have detrimental effects on your company.
You call to collect and your debtor tells you you’re out of luck – they've filed Chapter 11. What do you do? Here's a seven-point checklist to help protect your rights.