The agency is left with few options when it comes to selling collateral tied to a popular Covid-19 relief program. Here's where it's turning for help. The U.S. Small Business Administration needs help ...
Discover what an asset-conversion loan is, its advantages, and disadvantages, and how businesses effectively utilize this ...
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Secured vs. unsecured debt: What’s the difference?
Secured debt uses an asset as collateral to secure the loan, while unsecured debt doesn’t require any collateral. If a ...
Trade creditors are usually grouped with “general unsecured creditors” in bankruptcy, but some have liens that can elevate their claim priority. To achieve this, the lien must be properly granted and ...
In most chapter 11 cases, existing first lien lenders provide post-petition financing to preserve collateral value and maximize recovery. In some situations, a stressed borrower may threaten to pursue ...
Fifth Third Bank expected to object to the push by unsecured creditors. Kentucky Owl filed for bankruptcy more than a year ago.
Recent Delaware case law clarifies that secured creditors do not lose priority by inaction after default, favoring the “trace and recapture” approach. The court emphasized that rights depend on the ...
NOTICE IS HEREBY GIVEN that the DIRECTORS GUILD OF AMERICA, INC. (“DGA” or the “Secured Creditor”), pursuant to that certain security agreement and related documents (the “Security Documents”) ...
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