These restrictions significantly limit, and in some cases prohibit, among other things, our and certain of our subsidiaries' ability to incur additional debt, provide guarantees, create liens on assets or enter into business combinations. Failure to comply with these restrictions would constitute a ...
The principal advantage of this avenue, say Pearce and DiLullo, is that the assets are thus protected from individual creditors who might otherwise file liens on the assets. "Composition agreements," meanwhile, can be used in situations where creditors agree to receive proportional (pro rata) ...
Kirk O'Neil is Editor-Writer for TheStreet. Kirk earned his bachelor's degree in Government-Journalism from Sacramento State University. He has worked as West Coast Editor for Bisnow Commercial Real Estate News, and as a reporter on the corporate bankruptcy and...
Popular vodka distiller Never Forget Brands, which manufactures GameDay Vodka and Spiked canned vodka cocktails, on July 10 filed for Chapter 11 bankruptcy facing judgment liens from the National Football League's Buffalo Bills, owed $560,000, and New England Patr...