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In December 2011 Vero Insurance Ltd v Kassem was determined by the New South Wales Court of Appeal. A Focus Paper summarising the facts in the matter ...
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Debtors usually file for bankruptcy protection to either reorganize or to liquidate their outstanding debt through what is commonly known as a "fresh start." The principal purpose of the Bankruptcy Code is to grant a "fresh start" to the honest but unfortunate debtor. This "fresh start" is ensured by a debtor obtaining a discharge after filing for bankruptcy protection. Individuals are entitled to a discharge in Chapter 7, Chapter 13, or Chapter 11 proceedings, but corporations can only receive a discharge under Chapter 11. In a Chapter 7 liquidation case a complaint objecting to the debtor's discharge under § 727(a) of the Code shall be filed no later than 60 days after the first date set for the meeting of creditors under § 341(a). As the deadline to file dischargeability complaints u...
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WINNIPEG -- Canwest Global Communications Corp. ("Canwest" or the "Company") announced today that the Ontario Superior Court of Justice (Commercial Li...
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One of the first steps in federal BANKRUPTCY proceedings w...
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At a Meeting of Creditors held on Feb 20, 2009, counsel for the trustee overseeing the liquidation of Bernard L. Madoff Investment Securities LLC, announced the advent of "clawback" suits seeking to recover sums paid out to defrauded investors. This Essay explains the legal framework for the clawback suits and anticipates that many investors in the Ponzi scheme will not have submitted claims by the July 2, 2009 deadline, which may result in clawback litigation before multiple courts. The Essay then discusses ways to streamline clawbacks and other Madoff-related litigation so that investors who have already been defrauded are not further damaged by the measures taken to compensate them. It closes with an invitation for additional proposals.
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Business Editors & Legal/High-Tech Writers
HOUSTON--(BUSINESS WIRE)--Nov. 8, 2001
PowerBrief Inc.(TM) (OTCBB:PWRB), filed a petition on Oct. 2, 20...
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IN RE: ESTATE OF AUDREY N. GROVER
NOTICE OF CREDITORS MEETING:
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WINNIPEG -- Canwest Global Communications Corp. announced today that FTI Consulting Canada Inc., the Court-appointed monitor in the Companies' Credito...
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LONDON/PARIS (Reuters) - International banks and insurers will meet on Wednesday [July 6] to thrash out a plan for the private sector to contribute to Greece's bailout effort as fears grow that the proposal will be derailed.
The Institute of International Finance lobby group said it will chair the meeting of private-sector creditors. It needs to resolve how a deal can get past credit rating agencies without it being termed a default, and how accountants will deal with it.