Sentences with phrase «established by bankruptcy laws»
The trustee is then allowed to liquidate certain bankruptcy estate assets to generate funds to repay creditors in priority order established by bankruptcy laws.
https://www.bankruptcyhome.com/ Not exact matches
The ability to file bankruptcy is established by federal law, and all bankruptcy cases are handled in federal court.
Since there are basically only two bankruptcies most individuals file, a Chapter 7 or a Chapter 13, you must meet certain standards established by law in order to change your mind about filing in either case.
Bankruptcy laws have been established by the Office of the Superintendent of Bankruptcy (OSB) and are enforced through the Bankruptcy and Insolvency Act (BIA).
In its Judgment of 20 September 2012 in case T ‑ 154 / 10 French Republic vs. European Commission, the General Court of the EU (GC) has established a new test of «bankruptcy - proofness» as an advantage contrary to Article 107 (1) TFEU that may generate a significant shake up in the control of State aid granted (implicitly) to establishments of an industrial and commercial character (EICC, or EPIC in their French acronym)-- ie legal entities governed by public law which have distinct legal personality from the State, financial independence and certain special powers, including the performance of one or more public service tasks.
Bankruptcy law involves the procedure or legal method by which a debtor is relieved of financial liability for its debts by establishing a court - approved reorganization plan or plan for partial repayment.
At that time, bankruptcy laws allowed the companies to limit their future personal injury - related financial obligations by establishing mesothelioma trust funds.