Under article 55 of the Spanish Insolvency Law, it is not allowed after the insolvency order to take individual enforcement action or initiate tax or administrative enforced collection proceedings against the debtor’s property; although until approval of the liquidation plan, administrative enforcement proceedings in which an attachment order has been issued are allowed to continue, together with enforcement actions for employee claims in which the insolvent company's assets have been attached, although certain restrictions apply.
El Tribunal Supremo concluye que la prohibición de ejecuciones una vez abierta la fase de liquidación opera tanto sobre créditos concursales, como sobre los créditos contra la masa, se trate de créditos administrativos o de otros acreedores.
In Popular Auto, Inc. v. Reyes-Colon (In re Reyes-Colon), Nos. 17-1971, 17-1972, 2019 WL 1785039 (1st Cir. April 24, 2019), the First Circuit recently ruled that “special circumstances” does not authorize a bankruptcy court to use its equitable powers to contravene the numerosity requirement for an involuntary petition under section 303(b)(1) of the Code. This twelve year dispute did not end well for the petitioning creditors.
Un deber fiduciario es una obligación de índole legal consistente en velar por los intereses y actuar en beneficio de otra persona.
Addressing unknown future claims in a chapter 11 bankruptcy involves two competing concerns: (a) providing a debtor with a fresh start and (b) providing an unwitting claimant with due process. These competing concerns clash when a debtor seeks to confirm its plan of reorganization, which is intended to provide remedies to all the debtor’s creditors and provide the debtor with a discharge of all pre-confirmation liabilities.
In Keystone Gas Gathering, L.L.C.v. Ad Hoc Committee of Unsecured Creditorsof Ultra Resources, Incorporated (In re Ultra Petroleum Corporation), Case No. 17-20793, –F.3d–, 2019 WL 237365 (5th Cir. Jan. 17, 2019) (Oldham, J.), the Fifth Circuit Court of Appeals recently held that a class of creditors is not “impaired” by a reorganization plan simply because it (a) incorporates the Bankruptcy Code’s restrictions on payment of unmatured interest and (b) fails to award unsecured creditors interest at the contractual rate.
Una sentencia del Tribunal de Justicia de la Unión Europea (TJUE) avala sustituir una cláusula abusiva de vencimiento anticipado en un préstamo hipotecario por la aplicación del artículo 693.2 de la Ley de Enjuiciamiento Civil (LEC), según el cual es válido y no abusivo iniciar una ejecución hipotecaria por impago de al menos tres cuotas mensuales.
La Ley Reguladora de los Contratos de Crédito Inmobiliario introduce un nuevo régimen de vencimiento anticipado de préstamos hipotecarios sobre vivienda habitual de personas físicas
In an order rendered on December 18, 2018, Madrid Commercial Court no 1 allowed a debtor under an insolvency order to sign and homologate a refinancing agreement after the opening of the insolvency proceedings.
The Real Estate Credit Law introduces a new regime of early termination of mortgage loans on an individual´s main residence