5. The debtor filed for bankruptcy as they were unable to repay their debts. 由于无力偿还债务,债务人申请破产。 6. The court ordered the debtor to pay back the outstanding amount within 30 days. 法院命令债务人在30天内偿还未清偿的金额。 7. The company's accounts receivable shows the total ...
Debtor-in-possession (DIP) financing allows companies that have filed for bankruptcy protection underChapter 11to borrow capital to restructure and continue trading. DIP loans usually have priority over existing debt, equity, and other claims and are facilitated in the hope that the distressed company...
Bankruptcy Dismissals And the Failure to Provide Timely Payment Advice In the past, where bankrupt firms were filing payment advices and judges were not as concerned that the advices were filed within the necessary time period, now, increasingly the U.S. Bankruptcy Courts are forcing debtors and ...
A debtor, in the context of bankruptcy, is a person or entity that has filed a petition for relief under the Bankruptcy Code.债务人,在破产的背景下,是指根据破产法提交了救济申请的个人或实体。This means they are seeking legal protection and assistance in managing their debts and assets.这意味...
A debtor in possession (DIP) is a business or an individual that has filed forChapter 11bankruptcy protection but still holds property to which creditors have a legal claim under alienor othersecurity interest. A DIP may continue to do business using those assets. However, it is required to ...
U.S. Trustee approved non-profit organization providing the pre-filing bankruptcy credit counseling course for bankruptcy filers. Receive your certificate immediately after completing the course.
Debtor-in-possession (DIP) financing is designed for businesses in financial distress that plan to file for Chapter 11 bankruptcy or have already filed for it. This type of financing allows businesses to access the capital they need to continue operations while reorganizing under bankruptcy protection...
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give a judgment creditor, or a bona fide purchaser for value of real estate, and deem the trustee to have all of those rights as of the moment before the bankruptcy was filed, even if no such creditor existed in the real world.
Under bankruptcy, a creditor is one who has an allowable claim when the bankruptcy petition is filed, although there are some exceptions to allow the debtor to get postpetition credit, which may be necessary for a business to operate.