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In April 2019, Sungard AS announced it would file for Chapter 11 bankruptcy protection "as part of a consensual agreement with a majority of its creditors to reduce its nearly $1.3 billion debt by more than two-thirds." [13] [14] On May 3, 2019, Sungard AS successfully completed its financial restructuring and emerged from its "prepackaged ...
Originally, bankruptcy in the United States, as nearly all matters directly concerning individual citizens, was a subject of state law. However, there were several short-lived federal bankruptcy laws before the Act of 1898: the Bankruptcy Act of 1800, [3] which was repealed in 1803; the Act of 1841, [4] which was repealed in 1843; and the Act of 1867, [5] which was amended in 1874 [6] and ...
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) (Pub. L. 109–8 (text), 119 Stat. 23, enacted April 20, 2005) is a legislative act that made several significant changes to the United States Bankruptcy Code.
Emmis Corporation (Indianapolis) Finish Line, Inc. (Indianapolis) First Internet Bancorp (Indianapolis) First Merchants Corporation ; The Ford Meter Box Company ; Guidant (Indianapolis) Gurney's Seed and Nursery Company ; Haynes International ; Herff Jones (Indianapolis) Hulman & Company (Terre Haute) Indiana Bell (Indianapolis)
The Bankruptcy Code provides that each state has the choice whether to "opt in" and use the federal exemptions or to "opt out" and to apply the state law exemptions. Florida is an "opt out" state in regard to exemptions. Bankruptcy in the United States is provided for under federal law as provided in the United States Constitution. Under the ...
How improvement and DIY chain True Value has filed for bankruptcy, and will be sold to a competitor, and in the process, has put the fate of 110+ Pennsylvania True Value locations — including ...