Sentences with phrase «asset liquidation bankruptcy»

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

Not exact matches

The company, which filed for bankruptcy in February, is winding down its business after two liquidation firms — Great American Group and Tiger Capital Group — won an auction for the company's assets.

In most cases, debt sits at the very top of the capital structure and in scenarios of liquidation or bankruptcy is first to be repaid with the assets of the debtor.

These transfers are done through bankruptcy proceedings, the liquidation of corporate or personal assets under distress conditions and (in the case of government debts) privatization sell offs.

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.

A sharp liquidation of GM assets or a corporatewide bankruptcy would send stock markets and mercantile exchanges roiling again.

The company has officially filed for bankruptcy and all of its assets are in currently in liquidation.

With a bankruptcy there is an examination of assets and company cash amounts then liquidation of anything that can be sold.

Since in this liquidation bankruptcy your creditors can stake claim on your properties, make sure that you don't have assets that are valuable enough for the creditors to file against.

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

Bankruptcy allows debt to be repaid through asset liquidation, a reorganization plan, and discharge.

See an attorney to determine whether you qualify for Chapter 7 bankruptcy and whether any assets you own are non-exempt (subject to liquidation).

Chapter of the Bankruptcy Code that provides for court administered liquidation of the assets of a financially troubled individual or business.

Chapter 7 bankruptcies are geared more towards liquidation of assets.

Chapter 7 Bankruptcy is considered a liquidation bankruptcy and nonexempt assets are generally liquidated and qualifying unsecured debts are dBankruptcy is considered a liquidation bankruptcy and nonexempt assets are generally liquidated and qualifying unsecured debts are dbankruptcy and nonexempt assets are generally liquidated and qualifying unsecured debts are discharged.

Chapter 7 Bankruptcy is considered a liquidation bankruptcy and generally liquidates a debtor's nonexempt assets, using the proceeds from the sale to repay the debtor's Bankruptcy is considered a liquidation bankruptcy and generally liquidates a debtor's nonexempt assets, using the proceeds from the sale to repay the debtor's bankruptcy and generally liquidates a debtor's nonexempt assets, using the proceeds from the sale to repay the debtor's creditors.

Chapter 7 bankruptcy is called a liquidation bankruptcy because it allows a court - appointed bankruptcy trustee to be appointed to your case, gather your nonexempt assets, and liquidate them to repay your qualifying creditors.

A preferred stock gets priority in receiving dividends and precedence over common stockholders (after bond holders and other creditors though) in the event of a liquidation of corporate assets (like in a bankruptcy).

Bankruptcy laws, changed in 2005, made stricter rules for who can file a Chapter 7 bankruptcy, the simplest form of bankruptcy that requires a liquidation of yoBankruptcy laws, changed in 2005, made stricter rules for who can file a Chapter 7 bankruptcy, the simplest form of bankruptcy that requires a liquidation of yobankruptcy, the simplest form of bankruptcy that requires a liquidation of yobankruptcy that requires a liquidation of your assets.

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

Even then, before you file for chapter 7 bankruptcy, make sure you're ready to lose assets that will be up for liquidation.

This preference is significant when it comes to the payment of dividends and voluntary liquidation of assets, but is essential in bankruptcy situations.

During a bankruptcy, preferred stockholders receive first shot at the company's asset 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.

It is, however, called a liquidation bankruptcy, which means it allows a court - appointed trustee to accumulate your nonexempt assets and sell them to generate funds to repay certain creditors.

Prior to the BAPCPA reforms, most people qualified for a Chapter 7 bankruptcy so Chapter 13 was mostly used by homeowners that wished to keep their home and had significant equity, or those who owned other assets with substantial value that they did not want to expose to liquidation and disbursement to creditors.

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).

One interesting development in the liquidation «asset class» is the availability of information pertaining to companies in bankruptcy.

If we sell or otherwise transfer part or the whole of Blue Buffalo, any of the Services or Sites, or our assets to another organization (e.g., in the course of a transaction like a merger, acquisition, bankruptcy, dissolution, liquidation), your information collected through the Services may be among the items sold or transferred.

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.

Representing the Unsecured Creditors» Committee in the bankruptcy of a major auto dealership, including the auction liquidation of its assets to the benefit of creditors.

If you are filing Chapter 7 bankruptcy, your first task will be to find out which and how much of your assets may be exempt from liquidation.

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.

Prior to filing, Attorney Williams will conduct a liquidation analysis to ensure that your assets will be protected by the exemptions that are available to you under the bankruptcy laws.

Debtors who choose to file Chapter 7 bankruptcy should meet with their attorney to discuss which and how much of their assets may be exempt from liquidation.

Filing a Chapter 11 bankruptcy is an option for businesses when it has a predictable, long - term income that is greater than the liquidation value of its assets.

If you are filing Chapter 7 bankruptcy, your first task will be to find out from your Florida bankruptcy lawyer which and how much of your assets may be exempt from liquidation.

Chapter 7 bankruptcy laws outline a process called liquidation, in which some of the debtor's assets are sold by the court in exchange for total forgiveness of eligible debts.

Unfortunately, there are times when a business simply does not have sufficient income to reorganize its debt obligations, and a Chapter 7 liquidation is appropriate; the business closes its doors on the date of the bankruptcy filing, and the Chapter 7 that is appointed to the case liquidates the remaining assets to pay creditors on a pro-rata basis.

Because the restructuring and liquidation process can be contentious, with diverse constituencies competing for limited assets, clients benefit from our substantial litigation experience in state and federal court, including bankruptcy proceedings.

debtor obtains financial relief and undergoes a judicially supervised reorganization or liquidation of the debtor's assets for the benefit of creditors; a case under the Bankruptcy Code.»

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

John E. Mitchell Mitchell handles all aspects of commercial restructurings and focuses his practice on complex bankruptcies, out - of - court workouts and sales, voluntary liquidations, receiverships, and asset sales and general insolvency related litigation.

Many Chapter 7 bankruptcy debtors have no non-exempt assets, and so there is no liquidation, and unsecured debts are simply discharged.

This case arose out of a CEO's looting of a corporation, resulting in the involuntary bankruptcy of the corporation and the liquidation of its assets.

For persons seeking debt relief, one option is Chapter 7 bankruptcy, which provides for liquidation of the debtor's non-exempt assets.

Additionally, Mr. Noskow represents debtors, lenders and other creditors in all aspects of Chapter 11 bankruptcies, including reorganizations, liquidations, debtor - in - possession and exit financings, cash collateral matters and asset sales.

The litigation concerns the meaning of the exception in TUPE reg 8 (7) which excludes the protection of TUPE where «the transferor is the subject of bankruptcy proceedings or any analogous proceedings which have been instituted with a view to the liquidation of the assets of the transferor».