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The New York group creditors, who owned the state bonds, were almost made whole, while creditors of the districts (mostly Midwestern and Southern banks and insurance companies) [24] lost a sizeable chunk. [22] Unsecured creditors, like contractors, lost the most; they received half of their payment, with the other half to be paid in 25 years. [22]
The following is a list of the bankruptcy judges, as of May 2023, for the United States Bankruptcy Court for the Southern District of New York. [4]As with all federal bankruptcy judges in the US, judges are appointed by the circuit's court of appeals — in this case, the United States Court of Appeals for the Second Circuit.
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were several short-lived federal bankruptcy laws before the Act of 1898: the Bankruptcy Act of 1800, [3] which was repealed in 1803; the Act of 1841, [4] which was repealed in 1843; and the Act of 1867, [5] which was amended in 1874 [6] and ...
Many types of taxes cannot be discharged in bankruptcy, ... For example, federal or state income taxes with a return due at least three years prior to filing may be eligible under Chapter 7. This ...
You should get a refund if you paid your attorney an upfront fee for the service of preparing your file for Chapter 13 bankruptcy (or as an advance against hours worked) and the attorney didn’t ...
Warrant in bankruptcy issued by the District Court for the Southern District of New York. [16] 1873 [16] Brady ran into debt after investing over $100,000 to create over 10,000 plates. He expected the US government to buy the photographs after the war, but it refused to do so, thus forcing Brady into bankruptcy.
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