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Latest revision as of 18:26, 17 June 2025

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Regarding 3rd parties who were not subject to the Brazilian expansion order, the insolvency court in Petroforte held the trustee may be entitled to broad discovery to the level the borrower is a majority investor in the non-debtor discovery target.

Area 1106 of the Insolvency Code requires the trustee to file a plan "as quickly as possible" or, conversely, to submit a report explaining why a plan will not be filed or to advise that the case be transformed to another chapter or dismissed.

Yet submitting an evidence of claim is not required if the creditor's claim is scheduled (yet is not detailed as disputed, section, or unliquidated by the debtor) because the borrower's timetables are regarded to make up evidence of the credibility and quantity of those claims.

On demand of a creditor with an insurance claim secured by the solitary possession realty and after notice and a hearing, the court will approve remedy for the automatic keep to the financial institution unless the debtor submits a feasible plan of reconstruction or starts making rate of interest payments to the financial institution within 90 days from the date of the filing of the situation, or within 30 days of the court's resolution that the case is a single asset realty instance.

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