Sentences with phrase «bankruptcy under the bankruptcy»

Bankruptcy can only be filed by a licensed trustee in bankruptcy under the Bankruptcy and Insolvency Act (BIA) as set out by the Office of the Superintendent of Bankruptcy.

In that case then yes, you should look at filing a proposal or personal bankruptcy under the Bankruptcy & Insolvency Act.

Any attorney practicing bankruptcy is now required to state: We are a debt relief agency and help people file bankruptcy under the bankruptcy code.

Each entity has been designated by the Federal Government as a qualified debt relief agency that helps folks file bankruptcy under the bankruptcy code.

This office is a debt relief agency helping people to file bankruptcy under the bankruptcy code.

ATTORNEY ADVERTISING: We are a debt relief agency, we help people file for Bankruptcy under the Bankruptcy Code.

He helps clients file for bankruptcy under the Bankruptcy Abuse Prevention and Consumer Protection Act.

The sentence stating the case's holding did boldface and italicize the key word «not»: «Under this decision, an inherited IRA is not exempt from the claims of creditors in bankruptcy under the Bankruptcy Code exclusion for «retirement funds.»

Not exact matches

At present Stelco is under bankruptcy protection.

After months studying Japan's bankruptcy code while in solitary confinement, Karpelès knew there was a wrinkle: Under the law, most of that excess would return to shareholders of Mt. Gox, of which he held 88 %.

After the Mt. Gox bankruptcy trustee announced that under Japan's bankruptcy code, creditors were not entitled to Bitcoin's massive price appreciation in their claims, Richard Folsom took it upon himself to change that.

Then last September, Mt. Gox trustee Nobuaki Kobayashi, a top restructuring lawyer also representing Takata in the airbag - maker's bankruptcy, broke the news: Under Japanese bankruptcy law, the value of creditors» claims were capped at what they were worth back in 2014: $ 483 per Bitcoin.

Although courts never ask people to declare why they're filing, many bankruptcy and legal experts agree that medical bills had been a leading cause of personal bankruptcy before public healthcare coverage expanded under the ACA.

She considered bankruptcy but ultimately worked her way out from under the pile of medical bills.

After getting burned by retail bankruptcies, Under Armour is increasingly betting on direct - to - consumer, where revenue grew 20 % in its most recent quarter, and Adidas expects e-commerce revenue to quadruple from from 1 billion to 4 billion euros from 2016 to 2020.

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.

Sunbeam, now under bankruptcy protection, gave him $ 12.7 million in stock and salary during 1998 alone.

The CHOICE Act would also roll back SIFI criteria for what are termed «living wills» — essentially these are liquidation resolution plans under bankruptcy laws to be implemented if things go to heck in a hand basket.

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.

The case concluded in just under 16 months, lightning speed by bankruptcy standards.

Under a judge's order, GM is shielded from legal claims from before it emerged from bankruptcy in 2009, and company officials wouldn't say Thursday whether they will use that protection against death and injury lawsuits.

A dreadful debt deal under Kilpatrick that locked Detroit into a high interest rate when rates were falling during the recession contributed to the bankruptcy.

In March it initiated a going - out - of - business sale at its stores after operating under bankruptcy protection for months.

Under Armour had flagged in July that third - quarter sales would slow, mainly because of the loss of retailer Sports Authority as a customer due to bankruptcy.

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.

Under the bankruptcy plan, Takata is selling most assets to Key Safety Systems, a unit of Chinas Ningbo Joyson Electric Corp..

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.

Under Mulally's «One Ford» strategy, the company was the only one of the big three U.S. automakers to sidestep bankruptcy and not take any money from the government's massive TARP bailout program.

The food - court fixture filed for bankruptcy protection in 2014 for the second time in three years after choking under too much debt and declining traffic at many U.S. malls.

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.

A failed business may simply cease operations; with the owners and investors absorbing the losses (if any); a troubled business on the brink of going under may seek to merge with another company that has the resources to keep it afloat and out of bankruptcy; or a dying business may be bought up by another, stronger company, seeking to breathe new life into it or simply to acquire its assets.

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

Edwards says: Paragraph three details how two other subsidiaries are now undergoing court - supervised restructuring and are under bankruptcy protection.

Buckling under a monstrous $ 44 billion debt load dating back to the LBO, the company is negotiating with creditors in an effort to fend off bankruptcy.

Under the legislation, failing financial firms would be forced to go through the bankruptcy process rather than the «orderly liquidation process» run by regulators under Dodd - FUnder the legislation, failing financial firms would be forced to go through the bankruptcy process rather than the «orderly liquidation process» run by regulators under Dodd - Funder Dodd - Frank.

Cambridge Analytica, a political consultancy that worked for the Trump campaign and had come under attack for its use of personal Facebook data in other elections, announced Wednesday it would cease operations and declare bankruptcy in the United States and the United Kingdom.

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.

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.

Powell, the top U.S. monetary policymaker, also questioned why educational debt can't be thrown out under current bankruptcy rules.

Under federal law, you have the right to declare bankruptcy relief from your creditors.

In December, 2014, a subsidiary of the Onni Group acquired the former Capital City Centre development located in Colwood, B.C. from the League Group through a court - approved Restructuring Agreement under that Companies» Creditors Arrangement Act and Bankruptcy and Insolvency Act...

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.

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.

This monetarist theory has guided Russian economic reform (and its quick bankruptcy) under Yeltsin and his oligarchy, as well as Chile's privatization (and early bankruptcy) under Gen. Pinochet, and the austerity programs (and subsequent bankruptcies and national resource sell offs) imposed by the IMF on third world debtor countries.

While student loan borrowers may think bankruptcy is an answer to getting out from under the weight of federal or private student loans, rarely is bankruptcy an option to discharge student loan balances.

The company, at the time of it bankruptcy filing, had about 1,700 stores globally, with about 800 in the US under the Toys «R» Us and Babies «R» Us brands.