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17 paź 2023 · The automatic stay provides a period of time in which all judgments, collection activities, foreclosures, and repossessions of property are suspended and may not be pursued by the creditors on any debt or claim that arose before the filing of the bankruptcy petition.
10 gru 2015 · The U.S. Bankruptcy Court for the Eastern District of New York has observed that the general rule is that the automatic stay “only protects the debtor and does not extend injunctive coverage to non-debtor third parties, including equity shareholders and principals of a corporate debtor or an LLC.”
3 gru 2021 · Chapter 11 is the only process discussed in this chapter that gives rise to an automatic and wide-ranging stay on enforcement. A statutory injunction known as an ‘automatic stay’ automatically comes into effect on the filing of a Chapter 11 proceeding, which prohibits all actions against the company by creditors, wherever they are located.
8 paź 2010 · Extended Stay Hotels Exits Chapter 11 with Strengthened Balance Sheet and Renewed Outlook for the Future. SPARTANBURG, S.C., Oct. 8 /PRNewswire/ -- Extended Stay Inc. (the "Company")...
8 paź 2010 · Extended Stay emerged from Chapter 11 bankruptcy protection, a few months after the hotel chain was bought by a group of investors led by private equity firm Centerbridge Partners.
16 cze 2009 · Extended Stay Hotels has filed for Chapter 11 bankruptcy protection. The midpriced hotel operator said in a filing in federal bankruptcy court in New York that it has about $7.1 billion...
Protection of automatic stay. One of the fundamental protections of bankruptcy is the automatic stay, which comes into effect upon the bankruptcy filing and: provides the debtor with a ‘breathing spell’ and thereby allows the debtor to focus its resources on reorganising.
