Creditor's committee

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Creditor's committee

A group representing firms that have claims on a company facing bankruptcy or extreme financial difficulty.

Creditor's Committee

In bankruptcy, an ad hoc committee of creditors who have an interest in seeing as much debt as possible recovered from the person or company filing for bankruptcy.
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Lowenstein Sandler represents debtors and creditors' committees in Chapter 11 proceedings nationwide, and diverse financial institutions managing troubled credit.
Two creditors' committees were appointed by the bankruptcy trustee: one for creditors like vendors, and the other for people with implant claims.
Rather than allowing the retailer to cure lease defaults and convert the remaining lease obligations to a higher priority, creditors' committees will be more likely to force a tenant to "reject" the lease and liquidate.
Bankruptcy Court for the District of New Jersey, which has been overseeing the Chapter 11 reorganization of New Valley Corporation, today entered an order confirming the Plan of Reorganization proposed jointly by New Valley Corporation and its official secured and unsecured creditors' committees (the "Joint Plan").
He regularly represents bondholder committees, official creditors' committees and large individual creditors in complex Chapter 11 cases.
Bankruptcy Court in Newark, New Jersey, which is overseeing the corporation's Chapter 11 reorganization, an amendment to the Plan of Reorganization being proposed jointly by New Valley and the two official New Valley creditors' committees (the "Joint Plan").
KKR, which owns approximately 92% of Hillsborough, and the official Creditors' Committees which represent its unsecured creditors who have claims in excess of $1.
He routinely represents debtors, creditors' committees, secured and unsecured creditors, lessors and purchasers of assets in workouts and bankruptcy restructurings throughout the country.
chapter 11 case announced today that they have reached agreements with the two Official Senior Creditors' Committees in the Integrated case, and with Beigel Schy Lasky Cohen Rifkind & Hennessey, counsel for limited partners of Integrated- syndicated partnerships in over 50 lawsuits.
Miller has represented debtors, secured and unsecured creditors, creditors' committees and trustees in bankruptcy proceedings, primarily involving Chapter 11 reorganizations.
Dennis directs the Bankruptcy Department of the Los Angeles office of Bronson, Bronson & McKinnon and has represented several Creditors' Committees in cases associated with the retail and garment industries.
Trustee will meet with representatives of KMart and the KMart creditors' committees and, with input from the Securities & Exchange Commission, make a determination within the next two weeks.