Sentences with phrase «as liquidation bankruptcy»

A Chapter 7 personal bankruptcy filing is also known as liquidation bankruptcy.

In New York, you can file under chapter 7 (also known as liquidation bankruptcy), chapter 9 (only for municipalities and governmental units), Chapter 12 (only for those who qualify as family farmers), chapter 13 (debt repayment chapter) and Chapter 11 (reorganization chapter available to businesses and individuals who have substantial assets or income).

Chapter 7 bankruptcy is known as a liquidation bankruptcy.

Chapter 7, the most common form of bankruptcy in America, is also known as a liquidation bankruptcy.

Chapter 7 bankruptcy, also known as a liquidation bankruptcy, discharges your debts in a relatively short period of time.

Chapter 7, also known as a liquidation bankruptcy, is when your property is sold to cover the debt.

Chapter 7 bankruptcy is known as liquidation bankruptcy.

• Chapter 7 Bankruptcy — Also known as a liquidation bankruptcy, a Chapter 7 bankruptcy will discharge most debts in a few months after filing, but the record of the bankruptcy itself usually remains active on a credit report for 10 years.

Not exact matches

Having said that, the mall is in a serious predicament, as Sears continues to be that dead anchor store walking, but now there's the possibility of another anchor store going under, as my local Bergners department store is part of Bon Ton stores which filed for bankruptcy and is facing possible liquidation.

To a buyer or other successor in the event of a merger, divestiture, restructuring, reorganization, dissolution or other sale or transfer of some or all of Hormel Foods» assets, whether as a going concern or as part of bankruptcy, liquidation or similar proceeding, in which personal information held by Hormel Foods about our Website users is among the assets transferred.

[239] As noted in Section 2 - 1 above, the TIFIA lien on pledged revenues can be subordinated to those of senior lenders to the project except in the event of bankruptcy, insolvency, or liquidation of the obligor.

With no bidders interested in keeping the bookstore chain as a going concern, Borders chose to cancel the planned July 19 auction, and instead announced plans to submit a liquidation plan from Hilco and Gordon Brothers to the bankruptcy court for approval.

Borders will not emerge from bankruptcy successfully, but will instead be liquidated.With no bidders interested in keeping the bookstore chain as a going concern, Borders chose to cancel the planned July 19 auction, and instead announced plans to submit a liquidation plan from Hilco and Gordon Bro

The company says results were hurt by Borders» liquidation sales at 200 of its stores as part of its rival's bankruptcy reorganization.

Chapter 7 bankruptcy, also known as a liquidation of assets, liquidates eligible assets to pay off as much of your outstanding debt as possible.

A: The chapter of the bankruptcy code that provides for what is known as «liquidation» or «clean slate», Chapter 7, lets you discharge (wipe - out) most unsecured debts, such as credit card balances, medical bills, and even certain taxes.

Chapter 7 bankruptcy is often referred to as a straight bankruptcy, consumer bankruptcy, or liquidation bankruptcy.

The seniority of preferreds applies to both the distribution of corporate earnings (as dividends) and the liquidation of proceeds in case of bankruptcy.

Chapter 7 bankruptcy, also known as «liquidation bankruptcy», is available for individuals and / or corporations.

Special situations involve a large variety of corporate activities such as spinoffs, bankruptcies, liquidations, recapitalizations, and restructurings.

Liquidation bankruptcies are called «Chapter 7» and reorganization bankruptcies are known as «Chapter 13» (because of the section of federal law these are found in).

A chapter 7 bankruptcy is often referred to as a «straight bankruptcy» or a «liquidation bankruptcy».

Technically, yes, you can file for bankruptcy regardless of how little debt you owe, as there is not a legal minimum debt requirement in the bankruptcy law for either a Chapter 7 (i.e., debt liquidation) or Chapter 13 (i.e., debt reorganization) bankruptcy.

Chapter 7 is often referred to as «liquidation» bankruptcy because it will discharge most of your unsecured debt, including personal loans and credit cards.

But the knowledge of exemptions is still important to chapter 13 debtors, since the Bankruptcy Code requires that chapter 13 plans, in order to be confirmed by the court, must provide as much payment to the debtor's unsecured creditors as these creditors would receive in a theoretical chapter 7 liquidation.

A Chapter 7 bankruptcy involves the collection as well as the liquidation of non-exempt assets.

could be thought of as liquidation or «straight bankruptcy».

Chapter 7 bankruptcy could be thought of as liquidation or «straight bankruptcy».

That's not to say an investor will never lose money in the stock market as the unforeseen can happen such as corporate bankruptcy and personal emergencies which force stock liquidation.

Chapter 7 is known as straight bankruptcy, and involves liquidation of all assets that are not exempt.

If the asset is not exempted, it is subject to liquidation by the trustee in a Chapter 7 bankruptcy, and he may wait on a settlement of an inheritance as long as it takes.

It's known as «liquidation bankruptcy» because the trustee will liquidate non-exempt assets.

The first defines the liquidation value of a firm as in bankruptcy liquidation.

Chapter 7 is often referred to as a straight bankruptcy or liquidation.

Some people refer to Chapter 7 as «liquidation bankruptcy» because it discharges most of your unsecured debt.

Chapter 13 bankruptcy: How it works — Unlike Chapter 7 liquidation plans, Chapter 13s give filers a chance to pay off debts over three to five years — but they rarely turn out as planned... (See Chapter 13 bankruptcy)

But progress has been made, as the company has just recently won court approval for asset liquidation last Friday by U.S. Bankruptcy Judge Kevin Gross.

In Chapter 7 bankruptcy, the most common type of personal bankruptcy, creditors sometimes have the right to take certain property in exchange for debt forgiveness, a process known as liquidation.

Regs 4 and 7, which provide that a transfer does not terminate employment and makes a dismissal unfair if the reason was the transfer, do not apply to bankruptcy proceedings, nor do they apply to compulsory liquidation as such proceedings are analogous to bankruptcy proceedings.

Chapter 7 bankruptcy is often called as «liquidation» because the bankruptcy trustee in your Chapter 7 bankruptcy case has the option to liquidate, or sell, any of your non-exempt assets.

Chapter 7 bankruptcy is often referred to as «liquidation» because the bankruptcy trustee in your Chapter 7 bankruptcy case may opt to liquidate (sell) any non-exempt property that you own.

Chapter 7 bankruptcy, also known as liquidation, is a relatively quick method to wipe out unsecured debt, such as credit card balances and medical bills, in return for giving up all your non-exempt property to the bankruptcy trustee, who will sell it and use the proceeds to pay your creditors.

Our Reorganization and Bankruptcy Team has decades of experience representing clients in every aspect of reorganizations, restructurings, workouts, bankruptcies, liquidations, and distressed acquisitions and sales, as well as cross-border proceedings.

creditors» committees, landlords, and purchasers of distressed assets as well as trustees in numerous reorganization and liquidation bankruptcy cases.

You may have heard Chapter 7 bankruptcy referred to as «liquidation» bankruptcy.

This lasts throughout the bankruptcy process as the judge works to order, discharge or, through payment plans or liquidation, pay off your debts.

Chapter 7 bankruptcy, also known as «liquidation,» is a legal process by which most unsecured debts can be discharged, or wiped out.

Chapter 7 bankruptcy is known as asset liquidation bankruptcy, or simply straight bankruptcy.

You should remember that legally, Chapter 11 Bankruptcy allows a company to be reorganized, as opposed to a Chapter 7 Bankruptcy, which provides for a complete liquidation of the company's assets.

The way bankruptcy law works is that if there are any assets remaining after the creditors have been paid in full, then those assets are distributed to shareholders as part of liquidation.