Sentences with phrase «involves liquidation of all assets»
Chapter 7 is known as straight bankruptcy, and involves liquidation of all assets that are not exempt.
http://www.fastdebtsettlements.com/ Not exact matches
In the Fund's view, few U.S. corporations are going to go for as long as five years without being involved in resource conversion activities - mergers and acquisitions; changes of control; management buyouts; massive share repurchases; major financings, refinancings or reorganizations; sales of assets in bulk; spin - offs; investing in new ventures in other industries; and corporate liquidations.
A Chapter 7 bankruptcy involves the collection as well as the liquidation of non-exempt assets.
Since selling a company often involves partnership interests, corporation interests, investors and the liquidation of assets, it is highly recommended that you acquire experienced, professional assistance from a lawyer rather than trying to do it on your own.
Transactions We advise on a variety of transactions involving investment companies and advisers, such as mergers, asset transfers, portfolio «lift outs,» substitutions, redomestications, intact transfers of separate accounts, and liquidations.
Transactions Our lawyers have extensive experience working on a variety of transactions involving variable products, including separate account mergers, asset transfers, substitutions, redomestications, intact transfers of separate accounts, and liquidations.
Professional Experience Fortris Financial (Los Angeles, CA) 2008 — Present Portfolio Manager • Manage a universal life policy portfolio with 200 policies and over $ 800 million in face value, leading a three - person staff in the advisement of resource allocation to assets • Negotiate and effectively communicate loan re-payment and asset liquidation strategies to interested parties, including attorneys, institutional investors, brokers, agents and clients • Design and implement processes to sustain and grow AUM, while mitigating losses through effective crisis management • Document loan payments, policy values, medical records associated with policies under management • Resolve policy issues efficiently through effective communication with involved entities
Chapter 13 allows a consumer more time to repay their debts through restructuring, whereas a chapter 7 involves a liquidation of a debtor's assets and then a distribution of the recovered amount to the debtor's creditors, with the remainder of the debts being discharged forever.