Sentences with phrase «restructuring under chapter»

Typical restructuring under Chapter 13 allows for you to repay your creditors and keep your assets.

Until recently, the 34 - acre property was part of Tropicana Entertainment, a former division of U.S. billionaire Bill Yung?s hospitality empire, which filed to restructure under Chapter 11 provisions of the U.S. Bankruptcy Code in 2008.

Not exact matches

The balance sheet restructuring will be effectuated through a pre-packaged joint plan of reorganization to be filed in the United States Bankruptcy Court for the District of Delaware in connection with the Company's filing of voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code.

And unlike Detroit, which was able to file under Chapter 9 of the U.S. bankruptcy code, there's no court process under which Puerto Rico can restructure its debts — unless Congress changes the law.

He urged his colleagues in Congress to pass the Puerto Rico Chapter 9 Uniformity Act (H.R. 870) which will provide the island's government with the tools needed to restructure parts of its debt under federal bankruptcy law.