A credit bid is when a secured creditor bids up to the amount of their debt in a bankruptcy auction. This allows the creditor to purchase the asset without paying cash to the debtor.
An in-depth look at creditors' meetings where creditors discuss and decide on various aspects of the debtor's estate.
A comprehensive overview of Debtor-In-Possession (DIP), detailing its definition, role in bankruptcy reorganization, rights, responsibilities, historical context, and related terminologies.
An advanced form of bankruptcy where the debtor negotiates and secures agreement on a reorganization plan with its creditors prior to filing for Chapter 11.
A comprehensive overview of Preferential Creditors, including their significance, types, and historical context in bankruptcy and company winding-up scenarios.
An arrangement in which creditors agree to accept partial payment in full settlement of their claims, commonly seen in small, unincorporated business failures.
Cram down refers to the reduction of various classes of debt to a lower amount during bankruptcy proceedings under Section 1129(b) of the Bankruptcy Code.
A debtor in possession (DIP) is a person or business under bankruptcy protection that still holds property to which a creditor has a right. Explore the meaning, rules, benefits, and challenges associated with DIP in this comprehensive entry.
A detailed guide to understanding stalking horse bids, how they function in bankruptcy auctions, and illustrative examples.
An in-depth guide on voluntary bankruptcy, exploring its meaning, the process involved, and the implications for debtors.
