Category: Filing For Bankruptcy
BANKRUPTCY ABUSE PREVENTION & CONSUMER PROTECTION ACT OF 2005 (BAPCPA) Part II
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Part II – Changes in Bankruptcy Law [See related articles on this blog: The Bankruptcy Abuse Prevention & Consumer Protection Act (BAPCPA), “Part I, Rationales”…
THE BANKRUPTCY ABUSE PREVENTION & CONSUMER PROTECTION ACT OF 2005 (BAPCPA) Part I
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Part I–Rationales [See related articles on this blog: “The Bankruptcy Abuse Prevention & Consumer Protection Act (BAPCPA), ‘Part II, Changes in Bankruptcy Law’, and “Part…
Gibson Brands, Inc. dba Gibson Guitars Secured Bondholder Recovery in Bankruptcy Court
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*** SECOND UPDATE *** According to a filing in U.S. Bankruptcy Court, the secured bondholders of Gibson Brands, Inc. bonds are set to receive 56…
Business Bankruptcy
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A business bankruptcy can take a number of forms. In a Chapter 7, a corporation may file bankruptcy in order to seek the orderly liquidation…
Filing for Bankruptcy can help you reinstate your driver’s license
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There are several instances in which filing for bankruptcy can help you regain your driver’s license. In the state of Florida, if you are driving…
What is Chapter 12 bankruptcy?
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Chapter 12 bankruptcy is a type of bankruptcy specifically fashioned to either family farmers or fishermen seeking to reorganize or consolidate their debts through bankruptcy…
Weinstein Company Bankruptcy – Harvey Weinstein Pleads “Not Guilty”
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*** FURTHER UPDATE *** In a further development related to the Weinstein Company’s Chapter 11 bankruptcy case, disgraced former CEO Harvey Weinstein today entered “not…
CHAPTER 11 BANKRUPTCY FILINGS – 770 AS OF MARCH, 2018 – HIGHEST IN 7 YEARS
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*** UPDATE *** (See prior article on this blog – “Chapters in Bankruptcy, a Short Primer…”) The number of Chapter 11 (“reorganization” bankruptcy) filings has…
Exceptions to Credit Counseling Course requirement in Bankruptcy
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One of the requirements for filing a petition with the Bankruptcy Court is to take a credit counseling course. Under Title 11 U.S.C. Section 521(b)…
Leveraged Buyouts… Bain Capital… And The “Art” Of Bankrupting Companies
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lev·er·aged buy·out ˌlev(ə)rijd ˈbīˌout/ – noun Plural noun: leveraged buyouts The purchase of a controlling share of a company by its management, using outside capital…
Chapter 7 Bankruptcy
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Chapter 7 of the Bankruptcy Code allows debtors to have their debts forgiven through liquidation. During this process, nonexempt assets are sold and the proceeds…
Gibson Brands, Inc. DBA Gibson Guitars Files For Chapter 11 Bankruptcy Protection
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*** UPDATE TO PREVIOUS ARTICLE *** Ending months of speculation concerning the future of the once iconic guitar manufacturing company, Gibson Brands, Inc., the parent…