Creditors Petitioning for Bankruptcy Beware: Absconding Bankrupts May Walk Free After Staying Away from Hong Kong for 4 YearsAnthony K.S. PoonCynthia Y.S. TangRoberta Chan
aThe other party becomes insolvent, subject to a petition for bankruptcy, is dissolved, has its assets assigned to its creditors, enters into receivership proceedings or discontinues active operation of its business for any reason 另一个党变得破产,以一个请愿依据为破产,被溶化,有它的财产被分配到它...
The vote came after creditors rejected the company's recovery plan and the bankruptcy supervisor in the case said Yukos couldn't pay its debts in the time allotted by law. A court will consider the request for the declaration and asset liquidation Aug. 1. That would be the last act in ye...
Community Churches of America, said to be the umbrella organization for the 65-year-old minister’s enterprises, has filed a petition for bankruptcy with the U.S. Bankruptcy Court in Washington, where the former Glendale-based organization is now based. ...
aCreditors can file an involuntary bankruptcy petition against a debtor, claiming that the debtor is \"generally not paying\" debts, but this type of proceeding rarely occurs. 债权人可能提出不随意的破产请求反对债家,声称债家是\ “一般不支付\”债务,但进行的这个类型很少发生。 [translate] ...
The article focuses on the filing of a petition by three creditors, A.G. Nichlos, William E. Buford, and Jim Graham to force motorcycle manufacturer American IronHouse (AIH) into involuntary bankruptcy for being unable to pay debts. According to Troy D. Philips, the creditors' attorney, his...
If a creditor feels they have a strong case against you, they can petition the bankruptcy court to lift the automatic stay. A debt collector must demonstrate that keeping the automatic stay would lead to financial losses on their end. For instance, a lender with a lien on a property you’...
enforceable. Each creditor's promise to accept a pro rata share of the partial payment, as opposed to full payment of what is due, is consideration for the other creditors and the debtor. The surrender of debtor's right to file a petition forBankruptcyis deemed consideration for the ...
meaninsolvency, the terms have distinct legal significance. Insolvency, as used in most legal systems, indicates the inability to meet debts. Bankruptcy, on the other hand, results from a legal adjudication that the debtor has filed a petition or that creditors have filed a petition against him...
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