What does UCC stand for?

Unsecured Creditors Committee

This definition appears very rarely and is found in the following Acronym Finder categories:

Business, finance, etc.

Other Resources:

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Samples in periodicals archive:

The judge did say the matter could be brought up again if customers do not get adequate counsel from the unsecured creditors committee.

LandAmerica unit's customers lose bid in court

2007), shareholders who sold their shares of a company in an LBO were sued by the unsecured creditors committee, which sought to avoid the payments made in connection with the LBO.

Shareholders beware! In light of circuit split, venue may be critical ...

Reingold, a lawyer for the unsecured creditors committee, also opposed Malden Mills efforts to retain Conway, Del Genio Gries & Co.

Creditors balk at Malden Mills payout; Bonuses at bankrupt company

We are working with the unsecured creditors committee, the equity committee and other constituents to resolve the restructuring of our corporate level debt and equity and believe that these agreements with our mortgage lenders represent an important step toward establishing a long term capital structure for GGP.

General Growth Properties Reaches Agreements in Principle on Certain ...

s official unsecured creditors committee said in a statement it reached its decision after a lengthy review of both Delta's proposal and US Airways Group Inc.

Delta creditors support stand-alone plan

Significant considerations include: (1) the extent to which pre- and post-petition debts can be recovered, (2) whether participation on the unsecured creditors committee is necessary, (3) whether the debtor is prepared to treat unsecured creditors as critical vendors and (4) whether existing business terms are likely to be assumed or rejected by the debtor.

United Airlines, US Airways, Delta, Northwest... US Chapter 11

In this case, we were retained by the unsecured creditors committee after the company was unable to secure financing for a plan of reorganization, and then given only 45 days by the senior creditor to find a buyer for the company or face liquidation.

Advising companies in bankruptcy

Although the proposal has not been approved or recommended by either the Steering Committee for the secured lenders or the official Unsecured Creditors Committee in the case, it is reflective of the positions taken in lengthy negotiations that have occurred since early 2009.

WCI Files Plan of Reorganization and Disclosure Statement