Sentences with phrase «of federal bankruptcy»

Under Chapter 7 of the federal Bankruptcy Code, all of the debtor's nonexempt assets (each state provides that some assets are exempt from the federal Bankruptcy Code) are liquidated by the trustee and distributed to creditors.

Kepple filed suit, claiming that her dismissal was due solely to her unpaid debts, a violation of the federal Bankruptcy Code.

Performed 50 to 250 searches daily of the Federal Bankruptcy Court system for possible debtor filings to be ascribed in the Endorsement.

The bankruptcy code respects this division between federal and state law by allowing each state to provide its citizens with state law exemptions in bankruptcy, or the use of the federal bankruptcy exemptions, or the choice to use either.

Those states that do not allow their citizens to use the federal bankruptcy exemptions, like the Commonwealth of Virginia, are said to have «opted out» of the federal bankruptcy exemptions contained in Section 522 (d) of the Bankruptcy Code.

Michael P. Cooley has a comprehensive practice centered on matters of federal bankruptcy law, business reorganization and liquidation, and creditors» rights in bankruptcy cases and in out - of - court restructurings ranging in size from a few million dollars to several billion dollars.

Bankruptcy is a legal process that takes place in one of the federal bankruptcy courts located in your state.

We can employ decades of proven success to help your company recover payment under the unique structure of the federal bankruptcy courts.

When the Mansfield, Mass., company Innovative Spinal Technologies went belly up last month and filed for protection under Chapter 7 of the federal bankruptcy code, it listed among its assets nine cadavers, reports The Sun Chronicle, a newspaper in Attleboro, Mass..

The court will hear three appeals, two of which challenge British Columbia's drunk - driving laws and the power of police officers to impose penalties at roadside stops, and another involving the paramountcy of the federal Bankruptcy and Insolvency Act over conflicting provincial statutes.

The United States Trustee Program is a component of the Department of Justice that seeks to promote the efficiency and protect the integrity of the Federal bankruptcy system.

Specifically, the court is looking for candidates to apply for the position of Federal Bankruptcy Judge for the Western District of Missouri.

Chapter 13 of the federal bankruptcy laws gives individuals the right to propose a plan to their creditors to repay their debts.

Unless you have a solid understanding of federal bankruptcy statutes as well as the state specific statutes that apply to your bankruptcy case, you need an attorney representing you and protecting your interests.

Chapter 13 bankruptcy gets its name from the chapter of the federal bankruptcy code.

I've been going on - and - on about a July 7th, 2015 statement put out by the U.S. Department of Education that talked about how the government has made allowances to approve the discharge of federal student loan debt through bankruptcy, in some situations; namely, under the «Undue Hardship» clause of the Federal Bankruptcy Code, under the exception rule commonly known as 11 U.S.C. § 523 (a)(8).

4) Borders files for protection from creditors under Chapter 11 of the federal Bankruptcy Code 5) The final chapter of Stephen Baker's Final Jeopardy! finally arrives on my Kindle, late in the day on the day after IBM's Watson gave a digital thumpin'to the best human Jeopardy players on the planet.

Snyder's decision allowed Detroit Emergency Manager Kevyn Orr to make a filing under Chapter 9 of the federal bankruptcy law.

In 2008, Fir Tree joined the hedge funds that are part of the Ad Hoc Group of Puerto Rico to support the investment bank in the Lehman Brothers bankruptcy, an entity that took refuge in Chapter 11 of the Federal Bankruptcy Law, the largest bankruptcy in the history of the United States and a symbol of the global financial crisis.

Not exact matches

Tesla's sudden change in fortune stands in marked contrast to Fisker Automotive, a competing alternative car company now on the verge of bankruptcy and at the center of controversy over $ 192 million in federal funding that it's unlikely to pay back.

In the wake of the investigation, DesignerWare declared bankruptcy, listing the Byrds along with investigators in California and the federal attorney general's office as potential creditors.

Of a total federal inmate population of 156,238, prison authorities say only 1,021 fit the description — which includes everyone from insurance schemers to bankruptcy fraudsters, counterfeiters to election - law tamperers to postal thieveOf a total federal inmate population of 156,238, prison authorities say only 1,021 fit the description — which includes everyone from insurance schemers to bankruptcy fraudsters, counterfeiters to election - law tamperers to postal thieveof 156,238, prison authorities say only 1,021 fit the description — which includes everyone from insurance schemers to bankruptcy fraudsters, counterfeiters to election - law tamperers to postal thieves.

If approved by a federal judge, the bankruptcy would force Detroit's thousands of creditors into negotiations with Orr to resolve an estimated $ 18.5 billion in debt.

Instead, it is telling that many of people affected by the bankruptcy are looking for a federal bailout of the city.

After warning the City of Stockton that its pension obligations did not enjoy a privileged position in federal bankruptcy court, U.S. Bankruptcy Judge Christopher Klein proceeded to confirm the city's plan of abankruptcy court, U.S. Bankruptcy Judge Christopher Klein proceeded to confirm the city's plan of aBankruptcy Judge Christopher Klein proceeded to confirm the city's plan of adjustment.

A new study by researchers at the Federal Reserve Bank of New York suggests that bondholders still don't believe the government would ever let the firms collapse into bankruptcy — after a decade of efforts by regulators to convince them otherwise.

The McNally Smith College of Music bankruptcy case took what appears to be a step forward Wednesday in federal court.

One of those workers filed a class action lawsuit against the company in the bankruptcy court for violating the federal WARN Act, which requires larger companies to give 60 days advance notice of layoffs.

He's gotten agreement from two big creditors, the federal pension regulator Pension Benefit Guaranty Corporation (owed $ 15 million), and Silverpoint (owed $ 22 million), the company's main lender on the structure of this pre-packaged, bankruptcy filing.

The U.S. House Natural Resources Committee this week will consider legislation that will provide bankruptcy powers to Puerto Rico while subjecting it to the authority of a federal oversight board.

While student loan borrowers may think bankruptcy is an answer to getting out from under the weight of federal or private student loans, rarely is bankruptcy an option to discharge student loan balances.

As such, facing a massive and immediate liquidity crisis, they would be in more need of a federal bailout than before the bankruptcy legislation was seriously mooted.

DETROIT - Gov. Rick Snyder today authorized Detroit's emergency manager to seek federal bankruptcy protection for the city, saying it was the only viable option to provide the 700,000 people of Detroit with the public services they need and to restore the city.

Although bankruptcy would be an imperfect solution to out - of - control state deficits, it's the best option we have, at least if we want to have any chance of avoiding massive federal bailouts of state governments...

WASHINGTON — The day after Lehman Bros. filed for bankruptcy in September 2008, Federal Reserve policymakers hadn't yet grasped the scope of the financial storm blowing overhead.

The alleged NYC - area bomber and his family were engaged in a 7 - year long court battle with city officials over late - night hours and accusations of ethnic prejudice at the restaurant they ran in Elizabeth N.J., and the father of the family declared bankruptcy in 2005, my review of extensive federal court records has found.

You will want to discuss all of your options with your attorney or tax advisor before taking action, especially if creditor protection is a concern for you, as the Supreme Court has ruled that Inherited IRAs are not protected under federal bankruptcy laws (although state law creditor protection of inherited IRAs still varies).

In no particular order these included: a dysfunctional bankruptcy framework; an immature domestic capital market; withholding taxes on foreign capital; corruption (particularly at the state level — the Modi government has made progress at the federal level); policy and renegotiation risks (a number of legacy and high profile tax eases are yet to be resolved); land acquisition costs (and legal risks); and, the need for tax reforms.

And in crisis — notably during Puerto Rico's 2017 bankruptcy, and the federal response to the devastation of the island by Hurricane Maria — the inequality of Puerto Rico is often exposed, and questions are asked again about the Jones Act.

And beyond that, even if the group is able to negotiate deals with a majority of the creditors, it is expected that Puerto Rico will still need to seek federal support to give the island a way to restructure the bonds through Chapter 9 bankruptcy laws.

A federal bankruptcy court judge this morning approved a final purchase price of $ 49.8 million for the assets of bankrupt...

(CMHC, the federal mortgage insurer, can only pursue you for the difference between the sale price and the insured price if the mortgage default occurred after the date of bankruptcy — but nobody in such a situation defaults after they file, so this never really happens.

While you might not need a perfect credit score to qualify, you'll need a record clean of defaults, bankruptcies and judgments, in addition to having your child meet other federal student aid eligibility requirements.

For instance, during the recent stimulus bill, Billions of dollars in federal tax dollars were diverted to states to cover budget shortfalls, which had the indirect effect of preventing municipalities from declaring bankruptcy.

Navillus filed for bankruptcy after a Manhattan Federal Court hit the firm with a $ 76 million judgment in a lawsuit filed by a group of unions.

The number of people filing for bankruptcy in the U.S. and U.K. has been falling steadily for the past few years, but charities and analysts are concerned that homeowners could get in trouble if the U.S. Federal Reserve and the Bank of England raise interest rates.

Sidestepping the Fraud Issue: Bailing out fraudsters instead of saving America's economic base Recent federal bankruptcy proceedings have exposed Lehman's deceptive off - balance - sheet accounting gimmicks such as Repo 105 to conceal its true position.

If you review the personal bankruptcy filings of individuals making $ 500k or more, you will see what federal judges and bankruptcy trustees believe are «necessary expenses» and which are not.

A U.S. judge heard closing arguments on March 27 in a trial to determine whether the California city of Stockton qualifies for federal bankruptcy protection.

A few years ago, when the seventh largest corporation in America, Penn Central, was on the verge of forfeiting on hundreds of millions of dollars in short - term loans, the Federal Reserve saved hundreds of banks from bankruptcy — and the economy from catastrophe — by offering to cover all the loans required at that point to maintain stability.