News & Analysis as of

Debt Recovery Programs

Recoverability of adjudication costs: "Can't hear Lulu no more"

by DLA Piper on

In this series we have already looked at Lulu v Mulalley and Wes Futures v Allen Wilson, following which we predicted that, while parties to adjudication would attempt to use the Late Payment Act to recover their costs of...more

Foreign Credit Institutions Entitled to Bankrupt Russian Companies Under a Simplified Procedure - In early 2015, credit...

by Dentons on

Thanks to the new procedure, banks-creditors can now bypass the lengthy stage of court proceedings on debt recovery and, provided the debtor indicates the signs of insolvency (overdue debt by more than three months in an...more

Distressed Download - March 2015

What Happens in Delaware Does Not Always Stay in Delaware: Caesars Victorious in Venue Battle - On Wednesday, January 28, the Bankruptcy Court for the District of Delaware transferred venue for the involuntary bankruptcy...more

New Debt Enforcement Act Significantly Impacts Stakeholders In Puerto Rico’s Energy & Infrastructure Sectors

On June 28, 2014, the Commonwealth of Puerto Rico adopted the Puerto Rico Corporations Debt Enforcement & Recovery Act, Act 71-2014 (the “Debt Enforcemen enabling certain Commonwealth public corporations in financial distress...more

School District Participation In Local Debt Recovery Program Put On Hold

by Franczek Radelet P.C. on

We have learned from several clients that debt collection efforts for school districts by the Illinois Office of the Comptroller under the Local Debt Recovery Program (LDRP) have been put on hold indefinitely. In a notice...more

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