Sales of debtors’ assets in bankruptcy proceedings are quite common, either as part of a plan of reorganization or liquidation or pursuant to Bankruptcy Code §363. The Bankruptcy Code and the Federal Rules of Bankruptcy Procedure provide that a sale of a debtor’s assets occurs after notice to all creditors and an opportunity for a hearing.
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Although identity theft is one of the fastest growing crimes in the country, significant steps are being taken to address and combat this insidious problem.
Assume the following facts:
Assume the following facts:
Cross-border insolvencies are perhaps one of the numerous consequences of the increased globalization of and recent downturns in the economy.
Creditors in the consumer credit industry face many challenges in managing bankrupt accounts.
It happens every Friday afternoon, usually around 2 p.m.
When an irate creditor comes to bankruptcy court in a chapter 7, 12 or 11 case in which an individual debtor is holding a check issued by the debtor that was disho
On April 20, 2005, President Bush signed into law the Bankruptcy Abuse Prevention and Consumer Protection Act (hereinafter, the “BAPCPA” or the “Act”). The Act has an effective date of October 17, 2005 and, with some exceptions, its provisions will apply only to cases filed after the effective date.
For the purposes of this article, consider the history and recent business practices of a company we’ll call JKL Shoes. JKL, a privately-held company, is a well-established, family-owned women’s footwear manufacturer. Consider these facts: