The article reports on the collapse of the securities of airline company Republic Airways after the firm and subsidiaries filed Chapter 11 bankruptcy in Indianapolis, Indiana. The topics discussed include the effects of its bankruptcy filing on the short airline routes of airline firms like United ...
In Chapter 7 bankruptcy, your "estate" consists of all assets that are subject to seizure by the court-appointed trustee, who will sell these assets to repay your creditors. In a Chapter 13, the trustee sets up a repayment schedule, which will allow you to discharge your debts after paying...
Antonio Brown made approximately $88 million during his NFL career, which spanned 12 seasons. Yet, three years after his final snap in the National Football League, the Super Bowl champion wide receiver has filed for Chapter 11 bankruptcy. The information, originallyshared by The Times Union, w...
Bankruptcy has some notable advantages for those deep in debt. Debt elimination: Most importantly, bankruptcy offers a way to eliminate your debt or develop a firm plan to repay all or some of it. Protection from legal action: Throughout the bankruptcy process, federal courts protect debtors ...
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:¨ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)...
Furthermore, in the event of bankruptcy of such a custodian, our digital assets held by that third party could, depending on the manner in which such assets are held, be considered the property of the bankruptcy estate and we could be treated as a general unsecured creditor in bankruptcy ...
The Plan further provided that Rose would remain in existence, although all capital stock outstanding as of the date of the bankruptcy petition was canceled. Under the Plan, Rose secured post-petition financing in the amount of $ 10,000 from Halter Financial Group, Inc. ("HFG") to meet ...
The 31st Supplemental Indenture provides for customary events of default, including, among other things, nonpayment, failure to comply with the other agreements in the 31st Supplemental Indenture for a period of 90 days, and certain events of bankruptcy, insolvency and reorganization. The description...
Our right to receive any assets of any subsidiary in the event of a bankruptcy or liquidation of the subsidiary, and therefore the right of our creditors to participate in those assets, will be effectively subordinated to the claims of that subsidiary’s creditors, including trade creditors, and...
a plan in bankruptcy. Rose emerged from the involuntary bankruptcy proceedings by filing a Plan under Chapter 11 of the United States Bankruptcy Code on February 10, 1999. The case was administered by the United States Bankruptcy Court, Southern District of Florida (Miami Division) (the "co...