Peoria Newswire

Peoria Newswire

Comprehensive Real-Time News Feed for Peoria, IL.

Results 1 - 2 of 2 for "u:jdsupra.com" in Peoria, IL

  1. A Lesson in DIP Financing Due DiligenceRead the original story w/Photo

    Jun 8, 2018 | jdsupra.com

    The Bankruptcy Code contains an array of provisions designed to encourage lenders to provide debtor-in-possession financing in chapter 11 cases, including authorization of "superpriority" administrative expense claims and "priming" liens designed to ensure that DIP loans are repaid. However, as illustrated by a ruling recently handed down by the U.S. Court of Appeals for the Seventh Circuit, these provisions do not relieve a DIP lender from its obligation to perform customary due diligence regarding the terms of the loan, including the extent and value of the collateral securing it.

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  2. Landfill Gas Collection System: Federal Appellate Court Addresses Competing Claims for PossessionRead the original story w/Photo

    Feb 7, 2018 | JD Supra

    The Seventh Circuit Court of Appeals addressed the priority of claims between the City of Peoria, Illinois, and Banco Panamericano, a secured creditor, regarding gas-to-energy conversion infrastructure left behind from a ground lease entered into by Resource Technology Corporation with the City of Peoria . See Banco Panamericano, Inc. v.

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