Alitalia, Italy's perpetually bankrupt flag carrier (literally: the company is
presently under bankruptcy protection... for the third time in under a decade) sold all of their aircraft to raise some quick cash, then leased them back at not exactly favorable conditions.
And there may be no way out — because, unlike those who
come under bankruptcy protection, your debts are never wiped away, so your credit score is perpetually dinged.
At the law office of Clark & Washington, our attorneys help thousands of people every year take advantage of their
rights under bankruptcy protection to restart, rebuild and recover.
FORT COLLINS — The Fort Collins software company with the name of Colorado Customware Inc., which is
operating under bankruptcy protection, is seeking approval for sale of its assets to a Canadian company operating with the name of Canada - based N. Harris Computer Corp. for $ 3.25 million in cash.
At present Stelco is
under bankruptcy protection.
Edwards says: Paragraph three details how two other subsidiaries are now undergoing court - supervised restructuring and are
under bankruptcy protection.
If creditors take any action against you while you are
under bankruptcy protection, the bankruptcy code allows you to file a motion against that creditor for violation of the automatic stay and to request an award of compensatory damages, punitive damages, and attorney fees from that creditor.
Your home is not protected, as it would be
under bankruptcy protection, so your mortgage may go into foreclosure and you are more likely to lose your house.
Mt. Gox, the fallen Bitcoin exchange that was once the toast of the virtual currency world, is reportedly ditching plans to rebuild
itself under bankruptcy protection, in favor of company liquidation, the Wall Street Journal reports.