North Carolina Bankruptcy FAQs General Bankruptcy Questions What is bankruptcy? Bankruptcy is a legal process that provides relief for individuals or businesses experiencing financial difficulty. It allows you to clear your debts and make a fresh start. Learn more about bankruptcy. What is the differen...
Section 548 of the bankruptcy code authorizes a trustee, debtor, or other appropriate party to avoid actual and constructive fraudulent transfers that occurred prepetition. In order to prove that a transfer was an actual fraudulent transfer, the trustee (or another appropriate plaintiff) must p...
BREAKING–Theseus Strategy Group LLC appointed as liquidation trustee for Performance Sports Group BREAKING–Mark E. Palmer helps Energy XXI Emerge from Bankruptcy Mark E. Palmer has more than 20 years of proven leadership in special situations investing, novel transaction structures and complex liability...
Furthermore, the Trustee has shown that, given his appointment in the Bankruptcy Case, he has an interest in this action premised on Section 323 of the Bankruptcy Code. The Trustee is required by Section 704(a)(1) to liquidate Jenkins' pre-petition assets, ...
Agent or fiduciary acting as any of the following: a)Trustee or receiver in bankruptcy, trustee in a deed of trust, guardian of an estate, or any person under court order 8. Person engaged in buying, leasing, or selling their OWN real estate (not for others) 9. W2 employee of a ...
Charlotte, North Carolina November 19, 1997 Lehman Brothers Inc. Three World Financial Center New York, New York 10285 As Representative of the several Underwriters named in Schedule II hereto Dear...
It notes that Canada has two statutes that govern restructuring: the Insolvency Act (BIA) and the Companies' Creditors Arrangement Act (CCAA) Part III of the Bankruptcy, which has very few statutory rules compared to the U.S. Bankruptcy Codes. It cites the areas of Canadian restructuring ...
(Samuel Kaufman, Trustee in Bankruptcy), Petitioner, v. North Alabama Express, Inc., et al.Reply Brief / PHINEAS STEVENS / 1978 / 78-1229 / 441 U.S. 906 / 99 S.Ct. 1995 / 60 L.Ed.2d 375 / 3-7-1979A...