Tag Archives: restructuring

ILN Today Post

Spedition Peterhänsel trotzt nach erfolgreicher Restrukturierung der Krise

Die Spedition Peterhänsel ist nicht von der aktuellen Stahlkrise betroffen und konnte nach der Restrukturierung und Umsetzung eines Insolvenzplans einen positiven Jahresabschluss vorweisen. Durch die Planüberwachung durch Rechtsanwältin Dr. Bettina E. Breitenbücher werden die Quotenzahlungen an die Gläubiger sichergestellt.

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ILN Today Post

Spedition Peterhänsel trotzt nach erfolgreicher Restrukturierung der Krise

Die Spedition Peterhänsel ist nicht von der aktuellen Stahlkrise betroffen und konnte nach der Restrukturierung und Umsetzung eines Insolvenzplans einen positiven Jahresabschluss vorweisen. Durch die Planüberwachung durch Rechtsanwältin Dr. Bettina E. Breitenbücher werden die Quotenzahlungen an die Gläubiger sichergestellt.

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Lone Thorup har fået sin bestalling som advokat

Lone Thorup kan nu kalde sig advokat, idet hun den 19. februar 2016 fik sin advokatbestalling af Justitsministeriet. Forinden har hun under sin ansættelse hos DAHL Advokatfirma gennemgået den 3-årige advokatuddannelse.

Af Joan Møller Rusbjerg

Gennem de seneste 3 år har Lone Thorup specialiseret sig i konkurser og rekonstruktion, herunder særligt insolvensretlig rådgivning omkring forhold før, under og efter konkursens indtræden og forsøg på afværgelse af samme. Lone beskæftiger sig primært med landbrug og har der igennem opnået stor viden og indsigt i juridiske problemstillinger som miljø, pant, salg af fast ejendom og økonomi. Disse problemstillinger gør sig gældende, når man som juridisk rådgiver skal håndtere nødlidende landbrugsengagementer til gavn for både landmand og panthavere.

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Business Restructuring and Bankruptcy: A practical guide for a surety when a principal files for bankruptcy

For a surety, the bankruptcy filing of a principal raises a number of issues and several challenges, but it does not necessarily mean a loss for the surety. With some preparatory steps, coupled with prompt and careful post-bankruptcy actions, the surety can protect its rights and minimize its loss.

Upon learning that one of its principals has filed for bankruptcy, a surety should first file a notice of appearance and request for service of papers. At the beginning of a bankruptcy case, a debtor will file what are commonly referred to as “first day motions.” The purpose of the first day motions is to facilitate the continued business operations of the debtor and protect the debtor’s assets from immediate loss. These first day motions are important and will influence how a surety’s bonded contract funds are handled.

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Business Restructuring and Bankruptcy Alert: The other side of the coin: Why healthy companies need reliable bankruptcy counsel

Healthy companies are probably not thinking about bankruptcy right now, but perhaps they should. While business bankruptcy filings have declined in recent years, bankruptcy litigation filings (adversary proceedings) have bucked that trend in certain jurisdictions. According to statistics published by the Administrative Office of U.S. Courts, the number of bankruptcy litigation filings grew last year in 10 districts, the most notable being the District of Delaware where bankruptcy litigation filings rose 72 percent. Rest assured, if there is money that might be recoverable, then debtors, trustees, creditors’ committees, and creditor trusts will think long and hard about using bankruptcy litigation to recover it.

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Business Restructuring and Bankruptcy Alert: The other side of the coin: Why healthy companies need reliable bankruptcy counsel

Healthy companies are probably not thinking about bankruptcy right now, but perhaps they should. While business bankruptcy filings have declined in recent years, bankruptcy litigation filings (adversary proceedings) have bucked that trend in certain jurisdictions. According to statistics published by the Administrative Office of U.S. Courts, the number of bankruptcy litigation filings grew last year in 10 districts, the most notable being the District of Delaware where bankruptcy litigation filings rose 72 percent. Rest assured, if there is money that might be recoverable, then debtors, trustees, creditors’ committees, and creditor trusts will think long and hard about using bankruptcy litigation to recover it.

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Business Restructuring Alert: The serious business of serving on the board of a college or university

While being recruited for and serving on the board of a college or university can be an honor, board members must recognize that they are accountable for the organization’s actions. In light of “The looming financial crisis for colleges and universities”, this responsibility cannot be taken lightly. Board members are legally required to be informed and active participants in corporate governance and, if the college is a non-profit, acting to fulfill the institution’s mission. Not surprisingly, the actual first duty owed by a board member is to understand his or her obligations.

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ILN Today Post

Court allows current lender to join past lender to proceedings for possession

Lenders will be interested in the decision recently delivered by Justice Hall in the NSW Supreme Court in ANZ v. Londish

ANZ commenced proceedings to enforce a loan of $3.27m made to Mrs Londish in 2009, secured over the family home at Warrawee.

Mrs Londish is defending the proceedings under the Contracts Review Act and under general law claiming that the loan and mortgage were unjust and unconscionable. More…

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Business Restructuring and Bankruptcy Alert: The key is in the code

An Eastern District of Michigan Bankruptcy Court (“Court”) recently held that a supplier to a bankrupt debtor was entitled to receive immediate payment on its 20-day administrative expense notwithstanding an outstanding avoidable transfer. More specifically, based on the Bankruptcy Code’s explicit distinction between a claim and an administrative expense, the Court found that section 502(d) of the Bankruptcy Code prevents payment of any claim of any entity that received an avoidable transfer, but does not preclude payment of an administrative expense.

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Business Restructuring and Bankruptcy Alert: The key is in the code

An Eastern District of Michigan Bankruptcy Court (“Court”) recently held that a supplier to a bankrupt debtor was entitled to receive immediate payment on its 20-day administrative expense notwithstanding an outstanding avoidable transfer. More specifically, based on the Bankruptcy Code’s explicit distinction between a claim and an administrative expense, the Court found that section 502(d) of the Bankruptcy Code prevents payment of any claim of any entity that received an avoidable transfer, but does not preclude payment of an administrative expense.

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