Dec 9, 2014 ... A Delaware federal judge on Tuesday rejected an appellate bid by Gulfco Holding Corp. aimed at reviving its bankruptcy case, finding no grounds to overturn a decision ... The bankruptcy is In re: Gulfco Holding Corp., case number 1:13-bk-13113, in the U.S. Bankruptcy Court for the District of Delaware.
Law360, Wilmington (February 03, 2014, 9:53 PM ET) -- Bankrupt oil drilling equipment holding company Gulfco Holding Corp. lodged an adversary action in its case late Friday claiming its. Chapter 11 filing stems from secured creditor Prospect Capital Corp.'s “scheme to steal” its nondebtor operating affiliate Gulf Coast ...
The escrow trust account was used to hold premiums and escrow funds in trust for persons purchasing title .... Beginning with Fish, 114 F.2d 177 and continuing in Federal Deposit Ins. Corp. v. Hogan (In re Gulfco Invest. Corp.), 593 F.2d 921 ( 10th Cir. 1979), this Circuit determined that substantive consolidation may be ...
Kenneth B. Watt, Piercing the Corporate Veil: A Need for Clarification of Oklahoma's Approach, 28 Tulsa L. J. 869 (2013). Available at: ..... applied to hold the principal (i.e. individual or corporate shareholder) liable for the acts of its agent ..... wrong, or protects fraud"); In re Gulfco Inv. Corp., 593 F.2d 921, 928 ( 10th Cir.
Since 1919, Gulfco has been a leading provider of value-added open die forging and rolled ring solutions to oil and gas service companies, heat exchanger...
Aug 15, 2005 ... Delaware investment holding company by OCD to consolidate .... In re. Marvel Entm't Group, Inc., 140 F.3d 463, 470 (3d Cir. 1998). See also Buncher Co. v. Official Comm. of Unsecured Creditors of GenFarm Ltd. P'ship IV, 229 F.3d 245, 250 ..... Accord In re Giller, 962 F.2d at 798; In re Gulfco Inv., 593 F.2d.
See also In re Snider Bros., 18 B.R. 230, 234 (Bankr. D. Mass. 1982) (noting the virtual certainty of disparate ratios of assets to liabilities). For example, assume that a parent holding corporation (Holding) has two subsidiaries. One of the subsidiaries (Manufacturing Co.) has assets of $5,000,000 and unsecured obliga -.
Oct 20, 2017 ... PSEC will be reporting calendar Q3 results in a few weeks, and I am expecting continued declines in its NAV per share that could drive another dividend cut in 2018. In July 2017, the company experienced $9 million in losses related to overvalued CLO assets that were marked up 18% over actual fair value ...
substantively consolidate debtors to achieve fairness and equity, even when one of the debtors has not commenced a bankruptcy case.1. As noted by a leading authority, substantive consolidation “treats separate legal entities as if they were merged into a single survivor left with all the cumulative assets and liabilities ( save ...