Creditor's Rights. Legal news and articles for April 25 - 26, 2017

Asst. AG calls proposal to buy Dusty Old Cars business a 'get out of jail free card'Release Dispute Slows Outer Harbor Ch. 11 Disclosure MoveMortgage Electronic Registration Systems VS bEYERSDo Trustees Have a Duty to Consider Decanting?Real Property & Title Insurance Update: Week Ending April 14 & 21, 2017Homeland Spring 2017: Resolving rural conflictsRidgeview Homeowners Association vs De HaroNew UK Insolvency Rules – Are Your Commercial Agreements Up-To-Date?Gayle Dunne seeks go-ahead to question bankruptcy trusteeLiveVox Joins InsideArm's Exclusive Innovation Council Leadership Committee Sharing Cloud Contact Center ...'Get lined up': Alberta gas producer's demise leaves long list of creditors and costly messesAlitalia Expected to Start Bankruptcy ProceduresA Dispute As To “Dispute”TITLE INSURANCE UPDATEOn the Eve of a New Insolvency Code

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Toshiba shares rise after report Westinghouse may file bankruptcy Tuesday
Fox BusinessMarch 27, 2017

TOKYO – Shares in Toshiba Corp <6502.T> rose on Monday morning after a report that U.S. unit Westinghouse Electric Co could file for bankruptcy protection as early as Tuesday and is seeking support from South Korea's Korea Electric Power Corp <015760 ...more »

Peabody Energy exits bankruptcy
St. Louis Business JournalApril 4, 2017

Peabody Energy Corp. said Monday that it has emerged from Chapter 11 bankruptcy protection and will begin trading again Tuesday on the New York Stock Exchange under the ticker symbol BTU, the same as prior to its bankruptcy filing. Sponsored by ...more »

Creditor's Rights. News and Stories

Asst. AG calls proposal to buy Dusty Old Cars business a 'get out of jail free card'
The Union LeaderApril 26, 2017

Reich Brothers Business Solutions LLC sent a letter to the bankruptcy trustee about its interest in buying the business for $1.5 million, Boffetti said. One condition, he said, is that the attorney general issue a “no adverse action” letter for ...more »

Release Dispute Slows Outer Harbor Ch. 11 Disclosure Move
Law360 (subscription)April 25, 2017

... plans for bankrupt port operator Outer Harbor Terminal LLC stayed at anchor Tuesday, after a Delaware judge concluded that the company and creditors need a quick court ruling first on unsecured creditor rights to pursue $25 million in prepetition ...more »

Mortgage Electronic Registration Systems VS bEYERS
Republican EagleApril 25, 2017

Balance of Tract #2 - From an iron monument on the South line of said Section 22 distant 370 feet East of the Southwest corner thereof, at the Southerly right of way line of State Trunk Highway No. 61; run Northeasterly along the Southerly right of way ...more »

Do Trustees Have a Duty to Consider Decanting?
WealthManagement.comApril 25, 2017

Indeed, it evidenced “the settlor's intent to protect the trust income and principal from invasion by the beneficiary's creditors.” Withdrawal rights. The court determined that Paul's withdrawal rights weren't inconsistent with the trustees' decanting ...more »

Real Property & Title Insurance Update: Week Ending April 14 & 21, 2017
JD Supra (press release)April 25, 2017

Foreclosure/Attorneys' Fees: mortgage foreclosure plaintiffs seeking attorney's fees must support their claim with competent, substantial evidence of the number of hours worked and evidence that those hours and hourly rate are reasonable - Henderson v ...more »

Homeland Spring 2017: Resolving rural conflicts
Tri-State Livestock NewsApril 25, 2017

A situation that is all to familiar to Amanda Zaluckyj, full time lawyer, daughter of Michigan corn and soybean farmers and owner of the blog, The Farmers Daughter USA. According to ... "If mediation doesn't work and an agreement can't be reached, then ...more »

Ridgeview Homeowners Association vs De Haro
Hastings Star GazetteApril 25, 2017

THE TIME ALLOWED BY LAW FOR REDEMPTION BY THE MORTGAGORS, THE MORTGAGORS' PERSONAL REPRESENTATIVES OR ASSIGNS, MAY BE REDUCED TO FIVE WEEKS IF A JUDICIAL ORDER IS ENTERED UNDER MINNESOTA STATUTE, ...more »

New UK Insolvency Rules – Are Your Commercial Agreements Up-To-Date?
The National Law ReviewApril 25, 2017

These changes will impact on commercial contracts governed by English law. Currently, many contracts are drafted so that “Insolvency” is defined to include the holding of a creditors' meeting in relation to one of the contracting parties. The fact that ...more »

Gayle Dunne seeks go-ahead to question bankruptcy trustee
Irish TimesApril 25, 2017

Gayle Dunne, wife of bankrupt developer Sean Dunne, wants court orders allowing her lawyers to cross-examine her husband's bankruptcy trustee as part of her bid to overturn an order freezing her assets below €50million. Chris Lehane, the official ...more »

LiveVox Joins InsideArm's Exclusive Innovation Council Leadership Committee Sharing Cloud Contact Center ...
insideARM.comApril 25, 2017

The Innovation Council will help facilitate regular dialogue between industry leaders on how advancements through technology and other innovations are essential to the success of organizations that engage in debt collection (whether creditor, agency ...more »

'Get lined up': Alberta gas producer's demise leaves long list of creditors and costly messes
CBC.caApril 25, 2017

In Alberta, most landowners don't own the mineral rights below their land and are required to allow access to energy companies that want to drill wells. Landowners like the Strongs are paid an annual lease rate that typically totals a few thousand dollars.more »

Alitalia Expected to Start Bankruptcy Procedures
U.S. News & World ReportApril 25, 2017

Alitalia says it's still flying normally for now, after employees rejected a government-brokered deal of salary cuts and layoffs cuts aimed at avoiding bankruptcy for Italy's financially troubled flagship airline. (AP Photo/Antonio Calanni, File) The ...more »

A Dispute As To “Dispute”
Live LawApril 25, 2017

As earlier mentioned, the sales contract between Uttam and AIC was governed by English law; therefore, the corporate debtor raised an objection that the operational creditors cannot proceed without dealing with English law. The objection was raised in ...more »

TITLE INSURANCE UPDATE
Mondaq News Alerts (registration)April 25, 2017

... the Securities Act of 1933 and Exchange Act of 1934, and Rules 10(b) and 10b-5 because the Exclusion only applies to fraudulent conveyances or transfers pursuant to federal bankruptcy, state insolvency or similar creditors' rights laws – Banner Bank v.more »

On the Eve of a New Insolvency Code
Lexology (registration)April 25, 2017

A bill containing an entirely new Insolvency Code was presented to the House of Representatives on 20 April 2017. The need for a robust insolvency framework has received substantial attention due to the ongoing economic and financial crisis.more »

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