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Preventive measures to avoid bankruptcy risk.(SELECTED TOPIC)
For most unsecured creditors, a corporate bankruptcy filing spells disaster. Bankruptcy has increasingly become a vehicle for controlled auctions by Chapter 11 debtors that primarily benefit their banks. Unsecured creditors face the prospect of recovering only a few cents on the dollar.
In this climate, it is worth taking a few minutes to review possible strategies for increasing your chances of repayment on a commercial credit account. This article attempts to provide a few options for obtaining greater certainty of payment. It also outlines new bankruptcy remedies that may increase recoveries by unsecured creditors. Finally, this article briefly reviews the ...
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Before the Bankruptcy Reform Act of 1994, there was no provision...return of goods program. The Bankruptcy Reform Act of 1994 added a new section...double the cash distribution to unsecured creditors to approximately 80 percent...
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...Protection Act (Bankruptcy Reform Act) on October...implications of the Bankruptcy Reform Act. "No one...have viewed the Bankruptcy Reform Act largely as...of bankruptcy, unsecured creditors may be pushed even...
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- Press release article from: PR Newswire July 14, 2005 700+ words
...safety net of bankruptcy once bankruptcy reform goes into effect may be unfounded...regardless of the percentage that unsecured creditors would receive in the repayment...file Chapter 7 under the bankruptcy reform law. The remaining 14...
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- Magazine article from: HFN The Weekly Newspaper for the Home Furnishing Network Zaczkiewicz, Arthur June 30, 2003 700+ words
...get Congress to pass a commercial bankruptcy reform bill that would offer relief to unsecured...the idea of passing laws to help unsecured creditors has taken center stage. Earlier...that offer little or no relief to unsecured creditors seeking the reclamation of products...
- Business Bankruptcy Reform: Winners and Losers: Provisions in the new...
- Magazine article from: Collections & Credit Risk Ladwig, Kit August 1, 2005 700+ words
...represented the Commercial Law League of America during the bankruptcy reform process. The business bankruptcy situation is different...the debtor rejects the lease, the landlord joins the unsecured creditors at the back of the payout line. But if the lease is accepted...
