Ads
related to: sears chapter 7 bankruptcy attorney
Search results
Results From The WOW.Com Content Network
The two high-powered firms earned more than $11.5 million from the insolvent retail giant before its recent Chapter 11 case. Wachtell, Weil Unveil Legal Bills, Hourly Rates for Bankrupt Sears Skip ...
The once-dominant American retailer hopes to reemerge with some part of its business intact.
Sears will ask a bankruptcy judge if it can proceed with liquidation after it could not reach an agreement on Chairman Lampert's $4.4 billion takeover bid. ... 24/7 Help. For premium support ...
Chapter 7 of Title 11 U.S. Code is the bankruptcy code that governs the process of liquidation under the bankruptcy laws of the U.S. In contrast to bankruptcy under Chapter 11 and Chapter 13, which govern the process of reorganization of a debtor, Chapter 7 bankruptcy is the most common form of bankruptcy in the U.S. [1]
The new legislation also requires that all individual debtors in either chapter 7 or chapter 13 complete an "instructional course concerning personal financial management." If a chapter 7 debtor does not complete the course, it constitutes grounds for denial of discharge pursuant to new . The financial management program is experimental and the ...
The U.S. Trustee does not have prosecution powers, but is required by law to refer information regarding potential criminal violations of bankruptcy laws to the United States Attorney. [2] Interim trustees serve by the U.S. Trustee's appointment in Chapter 7 cases. Generally the interim trustee is assigned at random from a "panel" of qualified ...
Ads
related to: sears chapter 7 bankruptcy attorney