Tag Archives: bankruptcy filing

Christmas on Credit

With the UK festive season now merrily in swing, credit cards maxed out on Black Friday and Cyber Monday bargains and Christmas shopping well under way, will the lure of the Christmas spirit be enough to tip some people over the edge into unmanageable debt? For many the holiday season is a time to adopt … Continue Reading

Creditors v Private Pension Holders – has UK bankruptcy law gone too soft?

The recent Court of Appeal decision in Horton v Henry has highlighted the protection afforded to a bankrupt holding a private pension to the detriment of his bankruptcy creditors. Facts The bankrupt, Mr Henry, was the holder of  a number of pension policies all of which contained provisions entitling him to make elections which would trigger rights to … Continue Reading

Analysis of US Oil and Gas Bankruptcies as a Result of the Declining Oil Price

Michael Cuda, Max Tucker and Susan Kelly have written an article for Corporate Rescue & Insolvency analysing the increase in US oil and gas bankruptcies as a direct result of the declining oil price, and the related decrease in the borrowing base availability. This has led to a number of Chapter 11 proceedings throughout the … Continue Reading

“TAKE THAT… AND REWIND IT.”

Imagine: you are a lender that has loaned substantial sums of money to an individual, secured by real property owned by the borrower. After the borrower defaults and negotiations fail, you seek and obtain the appointment of a receiver. But now litigation ensues—about the loan documents, about contract defaults, about interest rates, about foreign law. … Continue Reading

Bankruptcy Filing Triage – Top 10 List

Whether you read about it in the paper, hear it on the news or get the word from a colleague, it is always a shock to learn that a valued customer or supplier has filed for bankruptcy.  Aside from cursing your misfortune, what do you do next? There are a number of steps you can … Continue Reading
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