Secured Claims (2nd Lien): An asset can theoretically have dozens of lien claims against it. After assessing the priority order, each secured claim still receives top priority to receive liquidation ...
PREPA bondholders say they are due a portion of the money allocated for payment to unsecured creditors in the Puerto Rico central government bankruptcy. The Puerto Rico Oversight Board said Puerto ...
In Czyzewski v. Jevic Holding Corp., 137 S. Ct. 973 (2017), the U.S. Supreme Court held that the Bankruptcy Code does not allow bankruptcy courts to approve distributions to creditors in a "structured ...
A handful of recent high-profile court rulings have considered whether a chapter 11 debtor is obligated to pay postpetition, pre-effective date interest ("pendency interest") to unsecured creditors to ...
ATLANTA — Delta Air Lines Inc., the nation's No. 3 carrier, said Monday it has agreed to give its retired pilots an extra $719 million in unsecured claims in its bankruptcy case to help them recoup ...
More than 270 people who filed claims for damages caused by the Hayden smelter will receive a $4.8 million unsecured claim under a settlement with Tucson-based copper producer Asarco LLC. It was one ...
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