Is there a period of time the creditor has to wait before taking any action against the debtor? What impact does the debtor's motion to reconsider and vacate the order of dismissal have on the rights of creditors to act against the debtor or his property?SEE PAGE...
a lien serves to guarantee payment of a debt such as a loan, or in this case, taxes. If the obligation is not satisfied, the creditor may proceed to seize the assets.
1. Declare bankruptcy. (This would put an end to my online ministry and Street Evangelism since plastic is essential for monthly payments, leasings of software, Web hostings, bookings, reservations, etc.) 2. Close down this Website (Jews would love this as they have been doing all that ...
structured dismissalsrevestingfor causebest interest of creditorsThis Article challenges the view that the absolute priority rule applies to a "structured dismissal" in a chapter 11 bankruptcy case, namely a court-approved settlement of certain claims by or against the debtor followed by the ...