Central District Consumer Bankruptcy Attorney's Association

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Please review Section 543.
David A. Tilem
Certified Bankruptcy Specialist*
Law Offices of David A. Tilem (a debt relief agency)
206 N. Jackson Street, #201, Glendale, CA 91206
Tel: 818-507-6000 Fax: 818-507-6800
* Bankruptcy specialist cert. by State Bar of CA Bd of Legal
Specialization.
miyun lim
Sent: Tuesday, April 27, 2010 1:44 PM
To: List Serve
Subject: [cdcbaa] Receivership before ch11 filing
Dear Listmates,
ch11 question. I have a client whose retail business is in default on a bank
loan. The bank has requested and received a court order for appt of
receivership. The receiver is currently running the business. If the client
files emergency ch11, does the automatic stay applies to the receivership as
well?...I think it does. Can the debtor, as the debtor in possession, run
the business as soon as he files ch11 petition? Any pitfalls to look out
for?
Teri Lim, Esq.
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Message
Please review Section
543.


David A.
Tilem
Certified Bankruptcy
Specialist*
The post was migrated from Yahoo.

Some receivers will walk when you file, some will file a motion to be excused from turnover and the battle will be on.
Dennis McGoldrick
350 S. Crenshaw Bl., #A207B
Torrance, CA 90503
On Apr 27, 2010, at 1:43 PM, miyun lim wrote:
Dear Listmates,
ch11 question. I have a client whose retail business is in default on a bank loan. The bank has requested and received a court order for appt of receivership. The receiver is currently running the business. If the client files emergency ch11, does the automatic stay applies to the receivership as well?...I think it does. Can the debtor, as the debtor in possession, run the business as soon as he files ch11 petition? Any pitfalls to look out for?
Teri Lim, Esq.
Some receivers will walk when you file, some will file a motion to be excused from turnover and the battle will be on. Dennis McGoldrick350 S. Crenshaw Bl., #A207BTorrance, CA 90503On Apr 27, 2010, at 1:43 PM, miyun lim <terilim@yahoo.com> wrote:

Dear Listmates, ch11 question. I have a client whose retail business is in default on a bank loan. The bank has requested and received a court order for appt of receivership. The receiver is currently running the business. If the client files emergency ch11, does the automatic stay applies to the receivership as well?...I think it does. Can the debtor, as the debtor in possession, run the business as soon as he files ch11 petition? Any pitfalls to look out for? Teri Lim, Esq.

The post was migrated from Yahoo.

Dear Listmates,
ch11 question. I have a client whose retail business is in default on a bank loan. The bank has requested and received a court order for appt of receivership. The receiver is currently running the business. If the client files emergency ch11, does the automatic stay applies to the receivership as well?...I think it does. Can the debtor, as the debtor in possession, run the business as soon as he files ch11 petition? Any pitfalls to look out for?
Dear Listmates, ch11 question. I have a client whose retail business is in default on a bank loan. The bank has requested and received a court order for appt of receivership. The receiver is currently running the business. If the client files emergency ch11, does the automatic stay applies to the receivership as well?...I think it does. Can the debtor, as the debtor in possession, run the business as soon as he files ch11 petition? Any pitfalls to look out for? Teri Lim, Esq.

The post was migrated from Yahoo.