creditors
Hedge Fund Can’t Derail Puerto Rico Oversight Board
A federal judge overseeing Puerto Rico’s bankruptcy rejected a hedge fund’s challenge to the constitutionality of the oversight board tasked with restructuring $120 billion in debt and pension liabilities.
Read moreTribune Creditor Showdown Gets High Court Deferment
The Supreme Court deferred a ruling Tuesday on whether to take up an appeal by unsecured creditors of the bankrupt Tribune Co.
Read moreHigh Court Won’t Limit Asset Recovery in Bankruptcy Cases
Resolving a circuit split and handing a win to creditors, the U.S. Supreme Court ruled Tuesday that certain financial transfers completed before a company went bankrupt can be undone by bankruptcy trustees.
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Moody’s Warns of US Credit Rating Downgrade If Interest Payments Missed
Moody’s Investor Service, one of the world’s premiere credit agencies, said Tuesday it will consider the United States government in default of its debt obligations if it misses its October interest payments.
Read moreLaw Firm Not Liable for $1.5B Loan Gaffe
Entities that lent General Motors $1.5 billion before it went bankrupt cannot sue GM’s law firm, Mayer Brown, for accidentally cancelling the collateral on the loan, the Seventh Circuit ruled.
Read moreDebt Buyer Wins Creditor Status in Supreme Court
In the first opinion authored by newcomer Justice Neil Gorsuch, the Supreme Court ruled Monday that a bank’s collections group didn’t skirt the law while collecting on delinquent car notes because it qualifies as a creditor, not a debt collector, after buying the loans.
Read moreJustices Rule Against Consumer in Debt-Collection Case
A divided Supreme Court on Monday ruled that debt collection companies can’t be sued for trying to recover years-old credit card debt from people who seek bankruptcy protection.
Read moreEx-Lehman Employees Lose Ground in Bankruptcy Case
Lehman Brothers creditors are entitled to recover from the collapsed financial giant’s bankruptcy estate ahead of former Lehman employees in possession of now-worthless restricted stock units, the Second Circuit ruled Thursday.
Read moreSantander Fights for Creditor Distinction at High Court
Poised to set precedent on the different regulations for debt collectors and creditors, the Supreme Court wrestled Tuesday with the finer points of the Fair Debt Collection Act.
Read moreWorkers Prevail in High Court Bankruptcy Fight
Handing a New Jersey company’s truck drivers a victory, the Supreme Court ruled 6-2 Wednesday that bankruptcy courts can’t allow select creditors to jump the repayment line and leave others empty-handed.
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