In a filing submitted to
federal Bankruptcy Court last week, attorneys for Digital First signaled the company's intention to bid by requesting that the court push back the deadline to submit initial bids for Freedom's assets from Friday to Feb. 12.
Not exact matches
Bankruptcy is a
federal court process where you get the chance to eliminate or reorganize your debts through discharge (which can mean the sale of assets), or by following a repayment plan that will often
last 5 years.
Bankruptcy filings are continuing to decline, with fewer than 800,000 people filing in
federal courts last year.
One needs to look no further than U.S.
Bankruptcy Judge George Hodges» Garlock Sealing Technologies decision in a Charlotte
federal court last year or the recent resignation of NY Assembly Speaker Sheldon Silver, in light of his indictment on asbestos fraud charges, to begin to understand the degree of fraud and abuse that exits in asbestos litigation and trusts -LSB-...]