Sentences with phrase «motion for its liquidation»
CNBC reported yesterday the iconic U.S. retailer is in the process of drafting the court motion for its liquidation plan that could come as soon as the end of the day Wednesday.
https://www.cnbc.com/
The company will file a motion for the liquidation in bankruptcy court, according to the person, who asked not to be identified because the announcement isn't yet public.
Not exact matches
Former Level Solar CEO Richard Keiser has filed a motion for the company's Chapter 11 bankruptcy to be converted to a Chapter 7 liquidation, in a web of accusations and counter-accusations.
In a move to force more debtors into a Chapter 13 Wage Earner repayment plan, instead of allowing for a straight liquidation bankruptcy under Chapter 7, the trustee or any creditor can bring a motion to dismiss a Chapter 7 application if the debtor's income is greater than the state median income.