Sentences with phrase «chapters under the bankruptcy»

A brief description of the various Chapters under the Bankruptcy Code and the general purposes, benefits and costs of proceeding under each of the chapters;

Not exact matches

The same day, of course, the firm issued a filing under Chapter 11 of the U.S. Bankruptcy Code that put an end to the expansion of its activities.

Until recently, the 34 - acre property was part of Tropicana Entertainment, a former division of U.S. billionaire Bill Yung?s hospitality empire, which filed to restructure under Chapter 11 provisions of the U.S. Bankruptcy Code in 2008.

May 1 (Reuters)- Gibson Brands Inc, the maker of guitars played by the likes of B.B. King and Elvis Presley, filed for Chapter 11 bankruptcy protection on Tuesday with a plan to reorganize its musical instrument business under the new ownership of its lenders.

York, Pennsylvania - based Bon - Ton, which traces its roots to 1854, had 23,000 employees and 256 stores across 23 states when it filed for Chapter 11 bankruptcy in February with the hope of cutting debt and emerging from a brutal retail landscape under a new owner.

With little warning, it filed for bankruptcy under Chapter 11, in the hope, Brandon said at the time, of emerging better than ever.

IHeartMedia announced late Wednesday that it would seek Chapter 11 protection under U.S. bankruptcy law but exclude its Clear Channel Outdoor billboard subsidiary from the proceedings.

May 1 - Gibson Brands Inc, the maker of guitars played by the likes of B.B. King and Elvis Presley, filed for Chapter 11 bankruptcy protection on Tuesday with a plan to reorganize its musical instrument business under the new ownership of its lenders.

GT Advanced Technologies, which filed for Chapter 11 bankruptcy protection earlier this month, reached an agreement with Apple under which it will stop making sapphire materials.

The balance sheet restructuring will be effectuated through a pre-packaged joint plan of reorganization to be filed in the United States Bankruptcy Court for the District of Delaware in connection with the Company's filing of voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code.

Sanjel also applied for recognition of the Initial Order under Chapter 15 of the US Bankruptcy Code.

His departure as chairman marks the end of an era in Canadian business during which his empire included the auto parts company, MI Developments Inc., which owns the real estate under many of Magna's plants, and Magna Entertainment Corp., a racetrack and gambling company that went into Chapter 11 bankruptcy protection in 2009.

The company that once dominated toy sales in the U.S. has been operating under bankruptcy protection since last fall, when it filed for Chapter 11 under the weight of $ 5 billion in debt.

Tops Markets filed for Chapter 11 bankruptcy on February 21, buckling under $ 1.2 billion in debt.

Chapter 9 protects financially distressed municipalities from creditors while their debts are resolved under the direction of a bankruptcy judge.

Snyder's decision allowed Detroit Emergency Manager Kevyn Orr to make a filing under Chapter 9 of the federal bankruptcy law.

Claire's Stores filed for Chapter 11 bankruptcy on March 19, suffocating under $ 1.9 billion in debt.

Puerto Rico is a US Territory, but neither Puerto Rico nor its subdivisions or agencies are eligible to file under Chapter 9 of the US Bankruptcy Code.

Freedom filed for Chapter 11 bankruptcy protection Sunday after suffering more than $ 40 million in losses over the last two years under new ownership.

Lenders would take control of the Melville, New York - based company under a «pre-packaged» Chapter 11 reorganization, which Sbarro on Monday said could allow it to made a «quick exit» from bankruptcy before May 7.

And unlike Detroit, which was able to file under Chapter 9 of the U.S. bankruptcy code, there's no court process under which Puerto Rico can restructure its debts — unless Congress changes the law.

The last day of 2012 is the first of a new era for Tribune Co.After spending more than four years embroiled in a contentious Chapter 11 bankruptcy case, the reorganized Chicago - based media company will emerge Monday under new owners and a newly...

(One part of the problem is that because of its peculiar status, Puerto Rico can't file for bankruptcy under Chapter 9.)

Puerto Rico is barred from a traditional municipal bankruptcy protection under Chapter 9 of the U.S. code.

According to KaloBios, the letter from Nasdaq stated that the company's filing for bankruptcy under Chapter 11 constitutes a «separate and additional basis for delisting...

But rather than putting such local churches back under the supervision of «Prop,» put them into trusteeship under the supervision of a reconstituted and re-staffed Pontifical Council for the New Evangelization — just as a failed company that goes into Chapter 11 bankruptcy is supervised by a trustee until such time as the company can stand on its own feet again.

We like to refer to Rosenstein & Associates as being «The Temecula Law Firm» and that our clients can rely on us to help in the formation of a new business, help manage the legal needs of an existing business, including when necessary business & corporate litigation; ongoing transactional matters (more commonly referred to as contractual matters); assisting with the filing of copyrights and trademarks; assistance with real estate transactions, assistance with tax audits, tax litigation, and when necessary with business reorganization, including filing a Chapter 11 or a business Chapter 7 under the U.S. Bankruptcy Code.

Quaker Steak & Lube, which has been an iconic chain for more than 40 years, began proceedings for reorganization under Chapter 11 of the U.S. Bankruptcy Code in November 2016.

Toys R Us, one of the top toy and children's furniture and juvenile products retailers in the nation, filed for Chapter 11 bankruptcy protection early this week, faltering under a massive debt load that has accumulated at a time when more consumers are shopping on line.

He urged his colleagues in Congress to pass the Puerto Rico Chapter 9 Uniformity Act (H.R. 870) which will provide the island's government with the tools needed to restructure parts of its debt under federal bankruptcy law.

Remington Outdoor Co., the parent of Remington Arms Co., filed for reorganization Sunday under Chapter 11 of U.S. Bankruptcy Code.

But Morris was back in bankruptcy court the next year, this time filing again under Chapter 13.

A headline in The Record newspaper in Stockton, Cailf., tells the story of the city's plan for operating under Chapter 9 bankruptcy protection following failed talks with bondholders and labor unions.

The district, located in the heart of Silicon Valley's seemingly affluent electronics center, had filed for bankruptcy last May under Chapter 9 of the U.S. Bankruptcy Act, stating that it could not pay $ 10 million in salary raises it had agreed to in three - year contracts signed two years ago with its two employbankruptcy last May under Chapter 9 of the U.S. Bankruptcy Act, stating that it could not pay $ 10 million in salary raises it had agreed to in three - year contracts signed two years ago with its two employBankruptcy Act, stating that it could not pay $ 10 million in salary raises it had agreed to in three - year contracts signed two years ago with its two employee unions.

The ASBCS began an intent to revoke StarShine's charter on March 20, 2018, after notice under Chapter 11 bankruptcy proceedings of failure to make payments and possible fraud by the United States Trustee in the Department of Justice (StarShine declared bankruptcy in February 2016).

On March 22, 2010, SBX LP, filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code.

«(b) AUTHORITY - Each United States district court shall authorize, by local rule adopted under section 2071 (a), the use of alternative dispute resolution processes in all civil actions, including adversary proceedings in bankruptcy, in accordance with this chapter, except that the use of arbitration may be authorized only as provided in section 654.

On March 22, 2010, the privately owned toll road operator and TIFIA borrower, SBX LP, applied for reorganization under Chapter 11 of the U.S. Bankruptcy Code.

Here's a piece of e-readers news that won't be to the liking to fans of the iRex for sure but will perhaps bring on a smile on the faces of its competitors — iRex Technologies has filed for bankruptcy in Netherland under Chapter 11 of bankruptcy protection.

One of the mainstays of American magazine publishing who enjoyed an extensive international reach announced yesterday that it would be filing for protection under Chapter 11 bankruptcy proceedings.

4) Borders files for protection from creditors under Chapter 11 of the federal Bankruptcy Code 5) The final chapter of Stephen Baker's Final Jeopardy! finally arrives on my Kindle, late in the day on the day after IBM's Watson gave a digital thumpin'to the best human Jeopardy players on the Chapter 11 of the federal Bankruptcy Code 5) The final chapter of Stephen Baker's Final Jeopardy! finally arrives on my Kindle, late in the day on the day after IBM's Watson gave a digital thumpin'to the best human Jeopardy players on the chapter of Stephen Baker's Final Jeopardy! finally arrives on my Kindle, late in the day on the day after IBM's Watson gave a digital thumpin'to the best human Jeopardy players on the planet.

Chapter 11 Bankruptcy — It's expensive, it's a long and hard process but unlike Chapter 7 and Chapter 13, a judge can order a mortgage modification under a Chapter 11 bankruBankruptcy — It's expensive, it's a long and hard process but unlike Chapter 7 and Chapter 13, a judge can order a mortgage modification under a Chapter 11 bankruptcybankruptcy plan.

You may not file under any chapter if within the preceding 180 days you had a prior bankruptcy petition dismissed due to your willful failure to appear before the court or comply with court orders, or was voluntarily dismissed after creditors sought relief from the bankruptcy court to recover property on which they hold liens.

If, under the standards in the law, the consumer is found to have a certain amount left over that could be paid to unsecured creditors, the bankruptcy court may decide that the consumer can not file a chapter 7 case, unless there are special extenuating circumstances.

For example, the new bankruptcy law you will need to take a means test, if you are seeking to file under chapter 7.

Bankruptcy will weigh on your credit report for 7 to 10 years, depending on which chapter you file under, but you can reclaim financial independence.

And, unless you have an acceptable plan to catch up on your debt under Chapter 13, bankruptcy usually does not allow you to keep property when your creditor has an unpaid mortgage or security lien on it.

People can only file for bankruptcy under Chapter 13 if their debts do not exceed a certain amount.

Under Chapter 7, the wages you earn after you file for bankruptcy are generally not considered part of your bankruptcy estate.

A Chapter 13 bankruptcy does not disqualify a borrower from obtaining an FHA mortgage provided the lender documents that one year of the payout period under the bankruptcy has elapsed and the borrower's payment performance has been satisfactory (i.e., all required payments made on time).