Category: Uncategorized
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Calculating the Preference Period:
Effective Date of the Trasfer and the Inapplicability of Federal Rule of Bankruptcy Procedure 9006(a) to the Trustee’s Avoidance Powers By Richard Ruszat A threshold issue to preference litigation is the determination of whether a transfer occurred within the applicable preference period. The Bankruptcy Code empowers a trustee to avoid any transfer in interest made…
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Workout Experts for Financially Distressed Companies The The McCandless Law Firm
Workout Experts for Financially Distressed Companies The The McCandless Law Firm is among Northern California’s most experienced workout specialists for creditors, boards, investors and executive management of financially distressed companies. Workouts include managed, out-of-court business terminations as well as an Assignment for Benefit of Creditors (“ABC”), a recognized liquidation path governed by state instead of…
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Why Does a Chapter 11 Cost So Much?
by Brett Weiss, Maryland Bankruptcy Attorney · Posted in Uncategorized Costs Of Chapter 11 Bankruptcy inShare When I give lectures on individual and small business Chapter 11 cases, I always advise new Chapter 11 attorneys to buy a thick towel for their desk. After I get a confused look from the audience, I explain: “It’s…
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Loan Workouts, Modifications, Debt Restructuring
Why You Need Us and What We Will Do For You. There are several reasons why it makes sense to hire an experienced loan workout specialist attorney firm such as the Birch Law Group when problems occur. Firstly, by virtue of our 29-year history as an active and well-respected player in the commercial mortgage finance…
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Commercial Real Estate Loan Workouts that Prevent Foreclosure
Whether your lender is a local bank or a securitized CMBS lender, when loan workout discussions break down, the parties often find the property proceeding down the costly and painful path to foreclosure. Our goal is to avoid foreclosure at all costs. The unfortunate reality of a foreclosure sale is that the borrower rarely receives…
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Illegal Foreclosures
OCC Findings: Illegal Foreclosures, Critical Deficiencies posted by Alan White At today’s Senate Banking Committee hearing on Dodd-Frank implementation, Comptroller John Walsh’s testimony gave a preview of some findings from the federal agencies’ investigation of mortgage servicing and the robosigning scandal: “In general, the examinations found critical deficiencies and shortcomings in foreclosure governance processes, foreclosure…
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Foreclosure and Mortgage debt
Bankruptcy Filings Rising Faster Than Expected posted by Bob Lawless In March 2009, data from Automated Access to Court Electronic Records (AACER) report there were almost 131,000 total U.S. bankruptcy filings for a rate of 5,945 filings per business day. That is a 9.2% increase from February and a year-over-year increase of 38.1%. It also…
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“Bankruptcy Data”
131 posts categorized “Bankruptcy Data” Big-Bankruptcy Empirical Research Post-Op (3): Jack-knife Fights and Pencils in Zimbabwe posted by Jonathan Lipson If you have followed me this far–and it’s understandable if you haven’t–you might be curious to know what ultimately came of LoPucki’s Big-Bankruptcy Empirical Research Conference, which I “live-blogged” (is that a verb?) yesterday. The…
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workout “works”
San Diego Developer Uses Commercial Loan Workout Specialist to “Fight the Bank” and Save Investors San Diego-based commercial real estate workout firm Breakwater Equity Partners saves investor equity through a creative workout process. ShareThis Email PDF Print Most of our clients are very sophisticated developers or investors, but they do not realize how much leverage…
California ABC System 