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The automatic stay provides protection to debtors, mandating a full stop on collection activity. If creditors violate the stay, they can be held in contempt and forced to pay damages. The Second Circuit held foreclosure sale under residence titled to an LLC violates this stay.
Legal Question & Answers in Bankruptcy in New Jersey : Hi! Need some direction and help. I bought a house on Sheriff foreclosure sale
A recent U.S. District Court for the District of Delaware opinion, In re TPC Grp. Inc., provided another instance of an uptiering transaction withstanding legal scrutiny and provides...
A recent U.S. District Court for the District of Delaware opinion, In re TPC Grp. Inc., provided another instance of an uptiering transaction withstanding legal scrutiny and provides further support for the view that...
A group formed to claim insurance pay-outs owed to them by Syn Mun Kong Insurance (SMK) is looking to stage a gathering on Monday after the company’s rehabilitation petition was accepted by the Central Bankruptcy Court on May 18.