众所周知,采矿业面临着艰难的局面。在最近几年的市场繁荣时期,矿业公司承担了空前庞大的债务。目前,随着商品价格的下降和再融资来源的枯竭,这些巨额的债务令许多公司步履维艰,严重威胁着它们的生存。
加拿大
若无法与债权人商定业务解决方案,公司应该考虑向债权人寻求破产法项下的保护。在加拿大拥有资产或在加拿大经营业务且债务金额在五百万以上的公司可获得联邦《公司债权人安排法》(简称,“CCAA”)项下的保护。
CCAA允许公司在重组公司事务时暂缓债权人追诉,同时根据某些条件维持对公司经营的控制。公司,特别是未达到五百万债务门槛的公司,还可以考虑联邦《破产法》项下的和解机制。在本文中,我们将讨论CCAA项下的程序。
CCAA项下程序的第一步是获得法院命令,该命令将暂缓债权人在三十日的初始期限内行使其权利,从而允许公司制定重组方案。在获得首个暂缓命令前,公司无需通知债权人,尽管在许多情况下,建议公司通知其债权人。
若公司能够证明其很有可能将提交重组方案,并且延期不会有损于债权人的整体利益,暂缓命令的期限还可以延长。下达暂缓命令时,法院还将任命独立第三方在命令生效期间,监控公司业务及财务事宜。监控人须向法院报告公司的业务行为,但并不管理或指导公司业务。
The automotive industry has recently enjoyed a strong period of sales growth and productivity. But even during this period, some manufacturers and raw materials suppliers continue to face pressures presented by financially troubled customers and suppliers. Witness for example the recent chapter 11 filings of Lee Steel Corporation and Chassix Holdings, Inc.
The Bankruptcy Code prevents an individual debtor from discharging certain debts, including, upon request of the creditor, debts for “fraud or defalcation while acting in a fiduciary capacity.” 11 U.S.C. § 523(a)(4). The Seventh Circuit recently confirmed in Stoughton Lumber Co., Inc. v. Sveum, No.
By no means do we think that we might reliably predict the outcome of such a politically charged case as King v. Burwell, No. 14-114, the latest challenge to the Affordable Care Act.
36238 Her Majesty the Queen v. Erin Lee MacDonald (Charter of Rights – Mandatory minimum sentences – Cruel and unusual punishment – Criminal law – Sentencing)
36153 Ryan Glenn Ziegler v. Her Majesty the Queen (Criminal law – Dangerous offender)
The existence of trusts that may be connected to a borrower’s assets can be a lending hazard. They do not appear on PPSA search print-outs and, in many cases, they are not shown on a borrower’s financial statements and cannot be searched through traditional due diligence methods.
The Bankruptcy Code exempts from discharge those debts arising from willful and malicious injuries caused by the debtor. 11 U.S.C. § 523(a)(6). Because debtors have a habit of filing bankruptcy soon after a judgment for such an injury is entered against them, bankruptcy courts often give a prior (state or federal) judgment issue-preclusive effect when the creditor seeks to have the debt declared non-dischargeable under § 523(a)(6).
Most bankruptcy lawyers might think that the dismissal of a bankruptcy proceeding and the revesting of the bankruptcy estate’s assets in the debtor bring an end to the bankruptcy court’s jurisdiction.
The Iowa Commissioner of Insurance (the “Commissioner”) filed a petition, on January 29, 2015, seeking to liquidate CoOpportunity Health, Inc. (“CoOpportunity”), a Consumer Operated and Oriented Plan (“CO-OP”) established under the Affordable Care Act (“ACA”) that has sold health insurance on the Iowa and Nebraska Exchanges.