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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 ...
As a result, GAC entered Chapter 11 bankruptcy protection in 1975. [15] [4] GAC emerged from bankruptcy protection in September 1980 as a subsidiary of Avatar Holdings, Inc. Under its new guise, the real estate business accounted for 70% of its total revenues, with the remainder being accounted for by water and wastewater utility services. [15]
Pennsylvania Department of Corrections; Pennsylvania Department of Drug and Alcohol Programs; Pennsylvania Department of Education. Pennsylvania Intermediate Units (IU) State Library of Pennsylvania; Pennsylvania Department of Environmental Protection; Pennsylvania Department of General Services; Pennsylvania Department of Health
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.
In addition, the investment bank Lehman Brothers filed for Chapter 11 bankruptcy protection in September 2008, citing bank debt of $613 billion and $155 billion in bond debt. The solvency of other U.S. banks was severely threatened, forcing the George W. Bush government to intervene with the $700 billion bailout plan of the Troubled Asset ...
She wouldn't be alone: bankruptcy filings in the U.S. surged by 18% in 2023, according to a study from bankruptcy data provider Epiq AACER. In total, the study concluded, filings rose to 445,168 ...