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Related to Bankruptcy proceeding: Chapter 7 Proceedings


n the legal process by which a person, business, or corporation is declared to be insolvent and unable to pay creditors.
References in periodicals archive ?
In a bankruptcy proceeding, 2/3 of the face value voting in each creditor class and 50 percent in number of those voting in each creditor class must approve the plan of reorganization.
The company's board of directors continues to believe that an expedited bankruptcy proceeding is in the best interests of all of the company's constituents and has authorized management to use all efforts to meet the timetable described above.
In mid-December 2005, Cooper and other parties involved in the FMC bankruptcy proceeding reached an agreement regarding Cooper's participation in Federal-Mogul's 524(g) asbestos claimants' trust.
OTCBB: LFDG) today announced the filing of a motion seeking the entry of a final decree closing its bankruptcy proceedings on the grounds that the bankruptcy case has been fully administered.
Cooper will also be required to forego certain claims and objections in the Federal-Mogul bankruptcy proceedings.
responded that the solution would be to assess which of the companies can be profitable and try to privatize them, while others should go into regulated bankruptcy proceedings in which the workers would be given redundancy pays.
According to the statistics of the Ministry of Economy, six bankruptcy proceedings in Macedonia are led under the bankruptcy law of 1989 and 75 under the bankruptcy law of 1997.
The suggested modifications also set terms within which action has to be taken within the framework of the bankruptcy proceedings and that in case of unjustified delays the bankruptcy trustee may be relieved of duty.
11, 2011 /PRNewswire/ -- The Los Angeles Dodgers today stated: MLB's withdrawal of its motion to disqualify Dewey & LeBoeuf LLP and Young Conaway Stargatt & Taylor LLP as attorneys for the Dodgers as debtor in these bankruptcy proceedings is appropriate.
Individuals in personal bankruptcy proceedings can continue repaying loans taken from their retirement plans within the limits set by ERISA or the IRS.
Supreme Court agreed to hear a case involving four Virginia colleges that could determine if states are immune from bankruptcy proceedings.
PALMDALE - Eight years of financial problems, legal maneuvers and bankruptcy proceedings that have delayed the 7,200-home Ritter Ranch master-planned community could end Thursday with an auction in bankruptcy court.