Search Results for: "Creditor"
What powers is a receiver granted in order to achieve its goals? Understand a receiver’s scope and powers within a state equity receivership.
NOTICE OF PUBLIC SALE OF PERSONAL PROPERTY ASSETS OF CARLSON WIRELESS TECHNOLOGIES INC, UNDER THE UNIFORM COMMERCIAL CODE PLEASE TAKE NOTICE THAT on April 11, 2023, at the hour of 10:00 a.m., Pacific Daylight Time, Mr. Ian Cruise, as successor secured creditor (“Secured Creditor”) of Carlson Wireless Technologies Inc. (“Borrower”), will hold a public foreclosure sale via Zoom under Section 9-610 of the Uniform Commercial Code as adopted in California from time to time (“UCC”), of all of the personal property collateral pledged to Secured Creditor under the parties’ Loan and Security Agreement, as amended (“Collateral”). The Borrower is in the business of TV White Space technology, providing broadband data to remote areas via the unused parts of the UHF TV spectrum. The Collateral includes, without limitation: All of Borrower’s: (i) accounts, contract rights, general intangibles, chattel paper, documents and instruments as such terms are defined in the UCC, including, […]
There may be many business reasons and benefits for a debtor who chooses to liquidate under Chapter 11 rather than Chapter 7.
A distressed business has a multitude of options to explore. Understand how subchapter V of Chapter 11 can be used to restructure a business.
Bernard Madoff’s infamous Ponzi scheme left victims in its wake worldwide and resulted in numerous bankruptcy and insolvency proceedings around the world. How far can the trustee’s power reach?
NOTICE OF PUBLIC SALE BY ORDER OF THE ASSIGNEE FOR THE BENEFIT OF CREDITORS OF INTERNATIONAL SPRING COMPANY, INC. SALE OF ASSETS: Notice is hereby given that on Wednesday, March 29, 2023 at 2:00PM CDT (the “Date of Sale”), in the offices of Rally Capital Services, LLC, 350 North LaSalle St, Suite 1100, Chicago, IL 60654, Howard B. Samuels, not individually, but solely as Assignee for the Benefit of Creditors (the “Assignee” or “Seller”) of International Spring Company (“ISCO”) and authorized agent of JHG Leasing, LLC and Warnock Spring Mfg., Co. (the “Equipment Companies”), shall hold a public auction to offer for the sale of substantially all assets of ISCO and equipment owned by the Equipment Companies (collectively the “Sale Assets”) including the Seller’s right, title and interest in and to all of its assets whether tangible or intangible, real or personal or mixed, owned or leased (including indirect and […]
Being or becoming a bad bankruptcy client usually has something to do with failing to provide adequate information to the attorney. Find out what NOT to do so you can be a good bankruptcy client.
What is a state law receivership? Understand the difference between state law receiverships and federal bankruptcy law, and what opportunities can come from receiverships.
A supplier to a potentially bankrupt retailer can mitigate losses by invoking the right to suspend delivery, demanding adequate assurance, and more.
Chapter 15 bankruptcy is a tool for foreign companies with assets in the United States to get assistance from a U.S. bankruptcy court.