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Ninth Circ. Bankruptcy: In re Roman Catholic Church of the Archdiocese of Santa Fe


Monday, June 28, 2021
Though bankruptcy filings are down in 2021, the expiration of the Paycheck Protection Program and reopening of the courts nationwide could lead to a rise in bankruptcy filings with many businesses still struggling to cope with the economic and supply chain aftereffects of the pandemic and consumer purchasing habits.  These bankruptcies, in turn, will have an inevitable ripple effect on creditors and other claimants, whose abilities to collect on claims and exercise rights, are significantly restricted by the automatic stay.  Generally, the automatic stay requires a party seeking relief against a debtor to do so in, and only in, the bankruptcy court, which can provide the relief sought or grant permission to pursue claims and rights in another venue.  For many businesses, considerations regarding the automatic stay end there, believing so long as they were deliberate enough to seek relief in the bankruptcy court, they will not face the potenti ....

United States , New Mexico , Transcolor Corp , Coastal Group Inc , Roman Catholic Church , Healy Mellon Stuart Co , United States Bankruptcy Court , Coast Village Ltd , Inslaw Inc , Paycheck Protection Program , Bankruptcy Code , Coastal Group , Coast Village , North Coast Village , ஒன்றுபட்டது மாநிலங்களில் , புதியது மெக்ஸிகோ , கடலோர குழு இன்க் , ரோமன் கத்தோலிக் தேவாலயம் , ஒன்றுபட்டது மாநிலங்களில் திவால்நிலை நீதிமன்றம் , சம்பள காசோலை ப்ரொடெக்ஶந் ப்ரோக்ர்யாம் , திவால்நிலை குறியீடு , கடலோர குழு , கடற்கரை கிராமம் , வடக்கு கடற்கரை கிராமம் ,