At the end of my October blog post, Dear Debtor, You Said I was Your First Priority, a VIP!, I suggested that you might want to join a “support group” called the “Official Committee of Unsecured Creditors” (fondly referred to as the OCC or GUCCs), if you felt angry or depressed about your unsecured
Dear Debtor, You Said I Was Your First Priority, a VIP!
In my May 26th post, I raised several questions that unsecured creditors in any Chapter 11 case should know the answers to and take action where appropriate. One of those questions is “Am I entitled to priority payment?” This is also important to answer in a Chapter 7 case.
Your delinquent customer told you
50 Cent Bankruptcy Success Story
The results are in!
As I mentioned in my May 25th blog post, Curtis James Jackson III, better known as rapper 50 Cent (“Jackson”) was scheduled for his bankruptcy confirmation hearing yesterday (July 6th).
All impaired creditor classes voted in to accept Jackson’s proposed plan of reorganization (“Repayment Plan”). He filed his own declaration
Chapter 11 Claims – Am I Disputed, Unliquidated, Contingent or Forgotten?
In my May 26th post, I raised several questions that unsecured creditors in any Chapter 11 case should know the answers to and take action where appropriate. In my prior posts, I have already addressed “first-day motions” and creditors’ meetings. Let’s move on to three more questions about claims.
The answers to
Creditors’ Meeting – Gold Mine for Information?
In my May 26th post, I raised several questions that unsecured creditors in any Chapter 11 case should know the answers to and take action where appropriate. In my June 2nd post, I addressed the first question on “first-day motions”.
Let’s move on to the second question – When is the “meeting of
Chapter 11 Cases Move Fast – First Day Motions
In my May 26th post, I raised several questions that unsecured creditors in any Chapter 11 case should know the answers to and take action where appropriate.
At least 5 Chapter 11 cases (Nirvana Inverrary Lofts, Inc., Inverrary Resort Hotel Condominium Assoc., Inc., Alrames S.A. de C.V. Corp., HDRepair.com Corp.,
Iron Bridge Tools Has A New Tool In Its Belt – Chapter 11 Bankruptcy
Yesterday, Iron Bridge Tools, Inc., a full-service design, development, and distribution company serving the consumer and professional hand-tool market, filed for Chapter 11 bankruptcy protection in Fort Lauderdale (Case No. 16-17505-RBR).
Among the 20 largest creditors are ZheJiang Everpower ($9,885,335.75), Everpower Group Co., Ltd. ($2,800,000), Meridian Int’l Co. ($1,274,057.43), True Value ($490,805.42), Retract-A-Bit ($396,658.22),
50 Cent On Top and Running Towards Confirmation Finish Line
Since my April 15th blog post, Curtis James Jackson III, better known as rapper 50 Cent (“Jackson”), has made it past the disclosure statement approval phase of his bankruptcy case, and is running towards the plan confirmation finish line.
The confirmation hearing is scheduled for July 6th. At that hearing, the Court will decide
50 Cent – What’s the Plan?…and More About Disclosure
Since my April 8th blog post, Curtis James Jackson III, better known as rapper 50 Cent (“Jackson”), filed his proposed First Amended Plan and Disclosure Statement. The deadline for creditors and parties-in-interest to object to Jackson’s Disclosure Statement is April 27th, followed by a May 18th hearing on approval.
Jackson’s Plan proposes to allow
50 Cent Delay on Amended Plan and Disclosure Statement
As a follow up to my Monday post, Curtis James Jackson III, better known as rapper 50 Cent (“Jackson”), filed a Motion to Extend Time to File Amended Disclosure Statement and to File Objections Regarding Amended Disclosure Statement (“Extension Motion”) yesterday. Accordingly, it looks like we may have a short delay finding out about