About Bankruptcy Filing bankruptcy can help a person by discarding debt or making a plan to repay debts. A bankruptcy case normally begins when the debtor files a petition with the bankruptcy court. A petition may be filed by an individual, by spouses together, or by a corporation or other entity.
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A bankruptcy remote entity is a special-purpose vehicle (or special purpose entity) ("SPV") that is formed to hold a defined group of assets and to protect them from being administered as property of a bankruptcy estate.
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· A Delaware bankruptcy court has held that a special committee’s advisors cannot withhold privileged documents from a liquidation trustee appointed pursuant to a chapter 11 plan. United States Insolvency/Bankruptcy Gibson, Dunn & Crutcher 15 Aug 2019
Bankruptcy is a legal proceeding in which an individual who cannot pay his or her bills can get a fresh financial start. The right to file for bankruptcy is provided by federal law, and all bankruptcy cases are handled in federal court.
To protect the privacy of individuals, certain personal data identifiers as listed below must be redacted before a document is filed with the Court (see Fed. R. Bankr.P. 9037).
Bankruptcy case exclusion. A bankruptcy case is a case under title 11 of the united states code, but only if the debtor is under the jurisdiction of the court and the cancellation of the debt is granted by the court or occurs as a result of a plan approved by the court.
Determining if a trust is untouchable in bankruptcy depends on the type of trust and who the beneficiary is.
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Ruling against a group of bond insurers, a U.S. appeals court upheld the Puerto Rico bankruptcy judge’s decision that payment of special revenue bonds in municipal bankruptcies is voluntary rather.
A special joint meeting of the Vernon Township Council and. Mountain Creek filed for Chapter 11 bankruptcy in May 2017 with the intent of discharging an estimated $28 million in sewerage payments.