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Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.. Bankruptcy is not the only legal status that an insolvent person may have, and the term bankruptcy is therefore not a synonym for insolvency.
The Bankruptcy Group also specializes in non-bankruptcy alternatives, including assignments for the benefit of creditors, out-of-court workouts, receiverships, and state court liquidations. In collaboration with Polsinelli’s top-ranked health care practice, The Bankruptcy Group provides a special focus on distressed health care.
EMPLOYMENT OF SPECIAL COUNSEL BY A CHAPTER 13 DEBTOR1 I. Overview Chapter 13 debtors routinely employ special counsel to pursue pre-petition and post-petition causes of action that constitute property of the bankruptcy estate. In such capacity, attorneys are usually entitled to reasonable compensation from the bankruptcy estate for actual and
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Bankruptcy Basics (pdf) For cases filed before October 17, 2005. Bankruptcy Basics (pdf) For cases filed on or after October 17, 2005 Bankruptcy Basics is not a substitute for the advice of competent legal counsel or a financial expert, nor is it a step-by-step guide for filing for bankruptcy.
Because it hasn’t filed for bankruptcy protection, J&J would normally not be entitled to demand state-court litigation be halted or transferred to a federal court. But a special bankruptcy law.
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.
Bankruptcy for Military Personnel. Learn about some special bankruptcy rules that apply to military members. By Baran Bulkat, Attorney. If you are in the military, you have the same right to file for bankruptcy relief as a civilian. In fact, active-duty military personnel and disabled veterans.
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In bankruptcy court filings and courtroom statements. The hedge fund sponsor said the Dallas relocation was approved by a special Payless board committee, received a fairness opinion from a.
A bankruptcy-remote entity is a special-purpose vehicle (or special-purpose entity) that is formed to hold a defined group of assets and to protect them from being administered as property of a.