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Are There Any Critical Vendors Left? ( February 2005 )
A fundamental rule in bankruptcy proceedings is that prepetition claims are not paid without a plan or separate order of the bankruptcy court. The Bankruptcy Code requires payment in a specified order of priority. In large cases, the plan process could take years, leaving a creditor without recovery for an extended period. Orders allowing payment of prepetition claims prior to the payments approved by a plan are rare. One of these rare possibilities is the request to deem a creditor "critical," usually in a first-day motion. -
Senate Passes Bankruptcy Reform Bill ( February 2000 )
This article summarizes the Senate Bankruptcy Reform Bill that was passed in the Senate on February 2, 2000. -
Financial Services Report--Fall 1998 ( September 1998 )
This Report discusses the Russian financial crisis, and recent developments in preference law under Bankruptcy Code section 547(c)(2). -
Revisions to the Bankruptcy Code Imminent ( November 1999 )
On May 5, 1999, the House of Representatives approved legislation entitled H.R. 833, which, if approved by the Sena. -
It Doesn't Pay to be Ordinary--Recent Developments in Preference Law Under Bankruptcy Code Section 547(c)(2) ( September 1998 )
Few travesties are more unsettling to creditors then the prospect of their account debtor's bankruptcy filing. Visions of minimal distributions on outstanding balances all too often prove a reality for the commercial lender or trade creditor, as members of the group that ultimately must suffer the consequence of our debt relief system. -
New Bankruptcy Bill Proposes Sweeping Changes for Creditors and Consumer Debtors ( July 1998 )
Once again in 1998, the number of consumer bankruptcy filings will exceed 1,000,000, surpassing the record set last.
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