"Bankruptcy proceedings" refers to the legal actions taken when an individual or a business is unable to repay their debts. It involves a court process where a person's or company's financial situation is reviewed in order to determine the best course of action for handling their debts.
Full definition
Our experienced debt recovery team guides clients through the process of pursuing monies by way
of bankruptcy proceedings against individuals.
Although student loans are generally exempt
from bankruptcy proceedings, there are special circumstances under which you can appeal a court to discharge the debt.
As the most common and simple form of personal bankruptcy, a Chapter 7 petition is not as likely to draw challenges from creditors as in more complicated,
business bankruptcy proceedings.
The
reason bankruptcy proceedings may be lead to a denied application or higher prices is because of the insurers worry that you won't be able to pay your premiums.
In addition, supported by bankruptcy attorneys experienced in motor vehicle matters, he has represented manufacturers in
dealer bankruptcy proceedings.
Chapter 7
bankruptcy proceedings usually take about three to six months to complete, and to be considered for it, your income can't exceed that of your state's median income.
By the end of 2011, nearly $ 1.5 billion in student loans, about 1.3 % of the total, were involved
in bankruptcy proceedings.
If another company was holding stock on his behalf, and that company
filed bankruptcy proceedings, that's different than him being invested in a company that did the same.
Recognition of the Japanese
bankruptcy proceedings as foreign main proceeding would have the effect of automatically «staying» (blocking) the Ontario class action.
In re Mirant Corp. — Represented agent bank / lender in the Mirant
bankruptcy proceedings with respect to a $ 300 million bank facility and related litigation, achieving a full payout plus premium for the lending syndicate.
Our lawyers have an impressive record of achieving successful outcomes in
bankruptcy proceedings throughout the world, and are active in all areas of financial restructurings and insolvencies in matters ranging from the largest multi-national mega-cases to significant regional businesses.
The ruling was triggered by an appeal filed on behalf of an international commercial real estate financing bank against a refusal to award to the bank all the rents — approximately EUR 2 million — collected in the course of
bankruptcy proceedings by the bankruptcy receiver out of two office buildings charged with the bank's mortgages.
The experienced Legal Assistants at Virtual Paralegal Pros provide support to law firms and corporate legal departments
for bankruptcy proceedings under Chapters 7, 11 and 13.
SCL and Cambridge Analytica said on their website on Wednesday that they would be starting «insolvency proceedings» in the UK and would soon file
parallel bankruptcy proceedings in the United States.
For example, many foreign liquidators are not aware that they need to apply for recognition of the foreign bankruptcy decree and for the opening of
ancillary bankruptcy proceedings in Switzerland.
For more information about the impact of
bankruptcy proceedings on securities, please read our online publication, Corporate Bankruptcy.
The Hudson Valley Resort and Spa came out of
bankruptcy proceedings late last year with court approval to reduce $ 25.9 million in debt to about $ 10 million, Spitzer has said.
Remington is facing a lawsuit from some of the victims» families in the Connecticut Supreme Court, where a ruling on the case has been delayed
until bankruptcy proceedings end.
The operations that were spun off were dubbed «Patriot Coal,» a corporation that has sought to escape its obligations to miners through
federal bankruptcy proceedings.»
Initially, the insolvency proceedings were opened as restructuring proceedings but had to be changed
into bankruptcy proceedings due to the absence of sufficient financing.
An estate of a resident individual involved in
bankruptcy proceedings under chapter 7 or 11 of Title 11 of the U.S. Bankruptcy Code with gross income (as defined in IRC Section 61 (a)-RRB- of $ 9,500 or more
The funding is revealed in documents recently filed as part of the Arch Coal
bankruptcy proceedings which list the coal company's creditors.
It observed that Solmon had been retained by Kaiser for both the motion to remove Davis Moldaver LLP from the case and for the
wider bankruptcy proceedings initiated by the trustee.
MtGox's bankruptcy trustee applied for recognition of the
Japanese bankruptcy proceedings in Canada as the «foreign main proceeding» under the Canada Bankruptcy and Insolvency Act.
Phrases with «bankruptcy proceedings»