Sentences with phrase «involuntary bankruptcy»
"Involuntary bankruptcy" refers to a situation where a person or a business is forced into bankruptcy by their creditors, rather than choosing it voluntarily. It occurs when creditors initiate legal action to recover outstanding debts instead of the debtor declaring bankruptcy themselves. Full definition
Petitioning creditors in involuntary bankruptcy filings need to be aware that they can be subject to having to pay a debtor's attorney's fees for obtaining a dismissal of the case and also may have to pay bad faith damages (both compensatory and punitive) as well as debtor's fees for prosecuting the bad faith damages case against petitioning creditors.
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Represented a secured lender in the receivership and involuntary bankruptcy of a textile manufacturer and related litigation
In Forma Pauperis Income Income Income Tax Refunds Independent Contractor Insiders Insolvency Instant * Involuntary Bankruptcy Involuntary Petition IRA's, Pensions, etc., will you lose them in Bankruptcy?
Rosenberg alleged the bank was trying to collect on his debt by forcing him into involuntary bankruptcy.
representing one of the largest national banks in multi-district lender liability litigation arising from involuntary bankruptcy proceedings;
Creditors of the operating unit, which runs 44 casinos, filed an involuntary bankruptcy petition in Delaware this week.
If the bankruptcy is granted, it is known as an involuntary bankruptcy.
As the involuntary bankruptcy played out, the bank filed cases to enforce the personal guarantee against Rosenberg and National Medical Imaging.
Filed an involuntary bankruptcy petition against the client's debtor / borrower on behalf of the largest unsecured creditor
This case arose out of a CEO's looting of a corporation, resulting in the involuntary bankruptcy of the corporation and the liquidation of its assets.
Bankruptcy is defined like this: «the filing of a petition for voluntary or involuntary bankruptcy in a court of jurisdiction.»
Your 1031 Exchange funds are deposited and held in segregated Qualified Trust Accounts in order to protect your 1031 Exchange funds from an unexpected voluntary or involuntary bankruptcy filing by Exeter 1031 Exchange Services, LLC.