When will a judge adjourn a hearing when faced with an application on the basis that a party is suffering from COVID-19?
This was a question recently encountered by Simon Newman on an application under s.366 of the Insolvency Act 1986 requiring the Respondents to deliver up documents in their possession to a Trustee in Bankruptcy.
The Ninth Circuit on June 1 affirmed a key bankruptcy principle that liens may survive and “pass through” the bankruptcy process even if the underlying claim secured by the lien is disallowed. The facts in Lane v. The Bank of New York Mellon (Ninth Cir. Ct. Of Appeals, No. 18-60059, June 1, 2020) are all too familiar – a mortgage loan originated by Countrywide Home Loans wound up in a huge pool of securities with The Bank of New York Mellon serving as trustee for the certificate holders. Countrywide had endorsed the promissory note in blank, which made it payable to the bearer.
受疫情影响，英国越来越多的企业出现运营困难。虽然英国政府出台了多种补救措施，但仍会有很多企业将不可避免地面临破产。对因各种原因可能受到英国公司破产影响的中国公司或个人，本文将从英国破产法角度简要介绍英国公司破产程序、这些程序对于公司和普通债权人的保护，以及担任破产公司董事需要关注的问题。
一. 公司什么时候算破产？
英国的破产法规定主要来源于《1986年破产法》（Insolvency Act 1986）和《1986年破产规则》（Insolvency Rules 1986）。虽然《1986年破产法》没有给破产以明确的定义，但采用了"无力偿还债务"的概念。因此，在英国公司破产一般包含两种情况：一是公司没办法支付债务（现金流量破产 – Cash-flow insolvency），二是公司负债大于资产（资产负债表破产- Balance-sheet insolvency）。
现金流量破产一般表现为公司没办法支付其现有的债务。值得注意的是，即使公司可以支付现有债务，但如果没办法支付其在不远的未来产生的债务也将被视为破产。
In response to the COVID-19 pandemic, the Slovak government and Parliament have approved another measure to help entrepreneurs overcome the negative impacts of this crisis on their businesses. The bankruptcy moratorium is an opt-in model and entrepreneurs are entitled to apply for such temporary bankruptcy protection subject to certain conditions. However, before applying various legal and business consequences should be assessed.
Who can apply?
In a small victory for landlords of bankrupt tenants, the Bankruptcy Court for the Southern District of Texas has ruled that the Chuck E. Cheese parent company may not use its bankruptcy filing to avoid paying its rent.
The United States Congress revived the age-old tradition of passing a lame-duck Christmas Tree appropriations bill to fund the government and provide a second wave of much-needed COVID-19 relief legislation.[1] The nearly 5,600-page bill includes temporary alterations to the Bankruptcy Code to help thos
Canadian Insolvency Trends in 2020: A Pandemic Year in Numbers Contents Introduction 01 Insolvencies in Canada in 2020: The Numbers Explained 02 Bankruptcies and Proposals in a COVID-19 World: A Snapshot 03 The Hardest Hit Sectors 06 Trends in Business Bankruptcies 08 Trends in Business Proposals 09 A Look at Receiverships 10 Developments in CCAA Filings 14 CBCA Section 192 Arrangements 16 Looking Ahead 17 Contributors 18 Key Contacts 19 Canadian Insolvency Trends in 2020 1 Introduction The economic conditions caused by the COVID-19 pandemic are unprecedented.
In a new opinion issued in the Chuck E. Cheese bankruptcy cases, In re CEC Entertainment, Inc., Case No. 20-33163 (Bankr. S.D. Tex.),1 Judge Marvin Isgur of the U.S.
Der Bundesgerichtshof (BGH) hat sich (Urteil v. 18.11.2020, IV ZR 2017/19) ausführlich zu der Frage geäußert, ob Ansprüche der GmbH gegen Geschäftsführer bestehen. Konkret ging es um den Ersatz von Zahlungen, die nach Eintritt der Insolvenzreife von einer D&O-Versicherung zu ersetzen sind.
Der Fall:
If you’re an unsecured creditor, it can be harder to get payment from a bankrupt debtor. But to have a chance of getting paid, you must file a proof of claim to assert your right to a distribution.