Sentences with phrase «bankruptcy restructures your debt»

A Chapter 13 bankruptcy restructures your debts.

On the other hand, Chapter 13 bankruptcy restructures your debt and gives you a period of three to five years to completely repay your lenders - but has many added protections for your as a borrower.

Not exact matches

Bon - Ton Stores, which filed for Chapter 11 bankruptcy in February, had tried but failed to talk its creditors into restructuring its nearly $ 1 billion in debt.

In some cases, these retailers were able to come to an agreement with their creditors and restructure their debts without going through bankruptcy court, as the threat of bankruptcy motivates the creditors to negotiate.

• Southeastern Grocers LLC, the Florida - based operator of supermarket chains Winn - Dixie and Bi-Lo, filed for Chapter 11 bankruptcy protection to restructure debt, according to Reuters.

Toys «R» Us was optimistic at the start of its bankruptcy proceedings that it would only close a limited number of locations, but is now reportedly planning a liquidation of its U.S. operations after failing to find a buyer or reach a debt restructuring deal with lenders.

That's because while declaring bankruptcy would help the sunny Caribbean island restructure and reduce its $ 72 billion debt load, it wouldn't help Puerto Rico slim down its costly government operations in order to avoid getting in trouble again.

Sovereign debt crises tend to be messy and drawn - out — as Greece has shown — because the world lacks a global bankruptcy process to restructure debts that governments can't pay.

March 27 - Southeastern Grocers LLC, the Florida - based operator of supermarket chains Winn - Dixie and Bi-Lo, said on Tuesday it filed for Chapter 11 bankruptcy protection to restructure debt.

Last month, Kevyn Orr, a bankruptcy lawyer named to restructure Detroit's debts, declared a «moratorium» on some interest payments.

The news comes just days after Bloomberg News reported that the one - time toy selling giant had been unable to find a buyer in bankruptcy court or restructure its debt, and that it was preparing to liquidate its U.S. business.

The provisions of Chapter 11 of the U.S. Bankruptcy Code allow businesses to find ways to reduce their debt and restructure their operations without having to be shut down and liquidated to satisfy debts — instead of closing their doors, businesses can stay open, pay their employees, and take in revenue while developing a budget and a repayment plan for creditors (subject to the approval of the bankruptBankruptcy Code allow businesses to find ways to reduce their debt and restructure their operations without having to be shut down and liquidated to satisfy debts — instead of closing their doors, businesses can stay open, pay their employees, and take in revenue while developing a budget and a repayment plan for creditors (subject to the approval of the bankruptcybankruptcy court).

In a debt restructuring (in bankruptcy court or negotiated privately), they might lose money on the debt, but as creditors, they get part or all of the equity of the restructured company.

So it needs to restructure its debts, and creditors are going to get their heads handed to them, and a bankruptcy filing is now the chosen mechanism by which to do this.

It is seeking to agree on a debt restructuring plan with creditors, and is asking them to refrain from initiating bankruptcy proceedings.

Drawing from our knowledge of debt restructuring, bankruptcy, public finance, municipal law and governance, labor law, employee benefits, tax, litigation, government contracts and more, our attorneys are adept at positioning municipalities for long - term success.

As more local governments find themselves unable to meet the increasing costs, particularly related to pensions and retiree health benefits, municipalities have begun to more seriously consider debt restructuring under the bankruptcy code as an option for right - sizing their budgets.

The chain, which filed for bankruptcy protection, has been unable to find a buyer or restructure its debt, but is still a major retailer of toys.

This is a «prepackaged» bankruptcy filing where the company has reached an agreement with its creditors — which include PE firms Elliott Management, Monarch Alternative Capital LP, and Apollo Global Management — to restructure its debt, meaning that ownership will be transferred to creditors in exchange for some of the debt.

Progress in corporate restructuring has proved harder: changes have been made to bankruptcy legislation, but corporate debt restructuring is proceeding only at a slow pace.

Briefly, PROMESA establishes an independent oversight board, provides for a bankruptcy - like debt restructuring process, and requires submission of a Fiscal Plan by Puerto Rico.

Puerto Rico would have been left in a bind in which it had no access to the U.S. municipal bankruptcy process but was preempted from enacting any analogous debt restructuring mechanism by Section 903 (1) of that same Bankruptcy Code, per Franklin California Tax - Fbankruptcy process but was preempted from enacting any analogous debt restructuring mechanism by Section 903 (1) of that same Bankruptcy Code, per Franklin California Tax - FBankruptcy Code, per Franklin California Tax - Free Trust.

A crucial vote looms on Friday in the long - running saga of Detroit's bankruptcy, as a clutch of creditors decide whether to approve a restructuring plan that would cut the cash - strapped city's $ 18 billion of debt.

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.

There are a lot of different kinds of bankruptcy, and they all lay out one way or another for a person or organization that can not pay back its debts to restructure its payments and move forward.

CORPORATE FINANCING NEWS: CORPORATE DEBT By Gordon Platt Distressed debt and bankruptcy restructurings completed in 2012 more than doubled from 2011 to $ 423 billion, according to Thomson ReutDEBT By Gordon Platt Distressed debt and bankruptcy restructurings completed in 2012 more than doubled from 2011 to $ 423 billion, according to Thomson Reutdebt and bankruptcy restructurings completed in 2012 more than doubled from 2011 to $ 423 billion, according to Thomson Reuters.

Puerto Rico announced a historic restructuring of its public debt on May 3, touching off what may be the biggest bankruptcy ever in the $ 3.8 trillion U.S. municipal bond market.

«I have, and will continue to, push for federal legislation that would allow the commonwealth of Puerto Rico to declare bankruptcy and restructure its debt,» said Bronx Borough President Ruben Diaz Jr..

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.

Governor Bruce Rauner's recent pension bill would allow Chicago and other municipalities to file for bankruptcy, a mechanism which would allow the city to start over, restructure its past debt, and reform its pensions plans (but even in this case, there would be obstacles around when Chicago could actually file because of the way the city reports its debt).

Filing for bankruptcy is a legal process that either reduces, restructures or eliminates your debts.

You may be able to discharge or restructure your credit card debt through bankruptcy court.

The restructuring industry includes law firms, investment banks, lenders, and more who deal with companies who are restructuring their debt through bankruptcy or other means.

Roseville, CA About Blog The attorneys at The Bankruptcy Group are here to help with your bankruptcy and debt restBankruptcy Group are here to help with your bankruptcy and debt restbankruptcy and debt restructuring.

We utilize a mix of telephone and face - to - face appointment, budgeting suggestions, and gov» t regulated debt restructuring: proposal and bankruptcy services, and much more to deliver an all - inclusive debt relief, financial restructuring service to those in need.

Bankruptcy also offers you the chance to restructure your debt — and, in the case of Chapter 7, when you absolutely can't repay your debt.

The Bankruptcy & Insolvency Act provides different debt restructuring options for Canadians, which includes both personal bankruptcies and consumer proposals.

Recently on our bankruptcy forum a user asked, «I own a small business and I am wanting to restructure my debt and continue my operations.

If you declared Chapter 13 bankruptcy, meaning you restructured your debts to eventually pay them off, this declaration will stay on your report for seven years.

SandRidge went into bankruptcy, restructured, and now PenderFund owns equity through its debt position.

Bankruptcy comes with many benefits, including debt restructure that makes keeping up with monthly payments much easier.

Bankruptcy is a legal process which allows debtors, who are unable to repay debt owed to a creditor, to either discharge the debt or restructure some of their debt payments.

Bankruptcy gives people in financial distress a way to restructure their bills, or even discharge their debts entirely.

The Fund may invest in securities of issuers that are, or will be, involved in reorganizations, financial restructurings, or bankruptcy (also known as «distressed debt»).

The bankruptcy is buying enough time to restructure debts that it owes.

With a Chapter 13 bankruptcy, if the filer submits a plan that will address all of the joint debt, the creditor can not pursue the spouse for payment of the debt during the restructuring payment period (which generally runs for up to five years).

Though your ability to wipe out your student loans in bankruptcy is severely limited, you may be able to restructure your student loans and discharge other debts.

Exercise your rights by restructuring your debts through bankruptcy and avoiding the costly, stressful experience of garnishment.

Some businesses may also choose to file Chapter 11 bankruptcy to allow for the restructuring of their debt payments, to provide additional time to repay their financial obligations, and to keep their business running.

It is childs play to enhance debtors rights in bankruptcy by allowing judges to reduce debt on primary residences (after all, other types of debt can be restructured, including corporate debt), by increasing exemptions to, say the generous levels provided in Florida, and let FNM and FRE go belly up.