Get the free MOTION OF THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS TO AMEND OR ALTER ORDER

This document is a motion filed by the Official Committee of Unsecured Creditors of Bear Island Paper Company, L.L.C. to amend or alter a prior cash management order to ensure proper asset management

How to fill out motion of form official

How to fill out MOTION OF THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS TO AMEND OR ALTER ORDER

1. Begin by obtaining the relevant form for the Motion of the Official Committee of Unsecured Creditors.
2. Fill in the case title and number at the top of the motion form.
3. Clearly state the basis for the motion in the introduction section.
4. Specify the order that you are requesting to amend or alter, including the date of the original order.
5. Outline the reasons for the amendment or alteration in detail, providing supporting arguments and any relevant documentation.
6. Include a request for relief that clearly states what you are asking the court to do.
7. Sign and date the motion at the end, including the name and title of the person submitting the motion.
8. File the motion with the court and serve it to all relevant parties.

Who needs MOTION OF THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS TO AMEND OR ALTER ORDER?

1. Members of the Official Committee of Unsecured Creditors who wish to seek a modification of an existing court order.
2. Creditors or stakeholders involved in a bankruptcy proceeding that require changes to the terms of previously established orders.

People Also Ask about

What is the role of a committee of creditors?

The Committee of Creditors can take any decision on the insolvency of a debtor. So, they can also make key decisions regarding the debtor's operations during the insolvency process, such as whether the business should continue to operate or not.

What is an official committee of unsecured creditors?

The Official Committee of Unsecured Creditors (UCC) is often called the “watchdog”, as the UCC has an integral role in monitoring debtor filings and compliance in post-petition operations.

What is the official committee of unsecured creditors?

Members of the Committee are fiduciaries who represent all unsecured creditors as a group. Section 1103 of the Bankruptcy Code provides that the Committee may consult with the debtor, investigate the debtor and its business operations and participate in the formulation of a plan of reorganization.

What is an official committee?

Official committees are formed by the United States Trustee from creditors on the debtor's list of creditors holding the top twenty (or more) largest unsecured claims. Ad hoc committees are formed unofficially by a group of similarly situated creditors or equity interests.

What is the official equity committee?

In United States bankruptcy law, the Official Committee of Equity Security Holders is a group of shareholders (usually the seven largest held positions) formed to represent a larger group of shareholders' interests in a company's bankruptcy proceedings.

What are the rights of unsecured creditors?

In some circumstances, unsecured creditors have the right to claim interest on their debt up to the liquidation date: if the original contract allowed for interest. if interest was payable at a certain time under a written instrument, it may be claimed from the date it was due until the date of liquidation.

What is the official creditor committee?

A creditors' committee promotes transparency and accountability in the bankruptcy process. Investopedia / Nez Riaz. Definition. A creditor's committee is a group of representatives that act on behalf of creditors in bankruptcy proceedings.

What is the Committee of creditors for corporate insolvency resolution process?

Committee of Creditors(CoC) is formed by the Interim Resolution Professional once the Corporate Insolvency Resolution Process(CIRP) is initiated against a Corporate Debtor. Committee of Creditors (CoC) is a committee consisting of Financial Creditors of the Corporate Debtor.

For pdfFiller’s FAQs

What is MOTION OF THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS TO AMEND OR ALTER ORDER?

It is a formal request filed by the Official Committee of Unsecured Creditors in a bankruptcy case to seek modifications to an existing court order for the purpose of protecting the interests of unsecured creditors.

Who is required to file MOTION OF THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS TO AMEND OR ALTER ORDER?

The Official Committee of Unsecured Creditors is required to file this motion, typically consisting of representatives of unsecured creditors in a bankruptcy proceeding.

How to fill out MOTION OF THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS TO AMEND OR ALTER ORDER?

To fill out the motion, include the case number, title of the order being amended, grounds for the amendment, relevant facts, and a proposed order. Ensure compliance with local court rules and include a signature line for the committee members.

What is the purpose of MOTION OF THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS TO AMEND OR ALTER ORDER?

The purpose of the motion is to seek changes to a court order that affect the rights or treatment of unsecured creditors, ensuring their interests are adequately represented and protected during the bankruptcy process.

What information must be reported on MOTION OF THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS TO AMEND OR ALTER ORDER?

The motion should report details such as the case name and number, the specific order being amended or altered, reasons for the proposed changes, supporting facts, and any relevant statutory or procedural references.