Chapter 11Outside of bankruptcy, the right of a secured creditor to “credit bid” allows the secured creditor to compete with cash bids in foreclosure to assure that the secured creditor’s collateral is not sold for less than the secured creditor thinks it is worth. In reorganization cases ...
A Chapter 7 bankruptcy can be listed in credit reports for up to 10 years from the bankruptcy filing date, and a Chapter 13 bankruptcy can be listed for up to 7 years after filing. Note that because a Chapter 13 case usually takes about 3 to 5 years from filing to discharge, a ...
If you filed for Chapter 7 bankruptcy, it typically takes four to six months after you've filed for everything to be discharged. This means you'll have to wait four to six months to be able to apply for a new line of credit. If you filed for Chapter 13 bankruptcy, it could take ...
Chapter 11 was a monumental achievement when it was enacted as part of the Bankruptcy Code in 1978. Reflecting the financial world of the times, chapter 11 and related provisions effected a carefully calibrated balance between the rights and powers of competing stakeholders. A core component of ...
Relaxation of the perfect capital markets assumption allows for higher capital to raise expected earnings by reducing the expected costs of financial distress and bankruptcy that are built into the costs of uninsured debt. Relaxing the symmetric-information assumption allows banks that expect to have ...
If you are enrolled in a Debt Management Plan, lenders for auto loans or mortgages are likely to view you as if you are in a Chapter 13 bankruptcy, as both approaches require the intercession of a third-party to resolve the debt problem. Expect a higher interest rate loan if you need ...
Specifically, we partition firms into two groups (fellows vs. rivals) based on the sign of their PCORR with an industry participant that subsequently filed for Chapter 11 bankruptcy. We find that non-distressed firms that have a positive (negative) pre-event return comovement with the filing ...
The Account Party covenants and agrees that on and after the date hereof until the Facility Termination Date: Section 12.1.LC Issuer’s Consent Rights to Plan. The Account Debtor shall not propose or consent to a Chapter 11 plan (a “Plan”) or entry of an order in the Bankruptcy Case ...
In the fourth quarter, these laggard borrowings doubled at the three BDCs, and stood at 6.4% of loans outstanding for KKR, 4.5% for Oaktree and 1.2% for BlackRock. One example is a $47 million Oaktree loan to online retailer Thrasio LLC, which filed for Chapter 11 bankruptcy protection...
SVB Financial Group, the firm that owned Silicon Valley Bank, filed for Chapter 11 bankruptcy protection on Thursday. Shares of First Republic fell roughly 16% after tumbling over 19% in extended hours, despite a group of banks swooping in to offer the bank $30 billion in deposits Thursday...