Court of Appeals for the Ninth Circuit in the case Focus Media Inc. versus National Broadcasting Co., supporting a bankruptcy court's decision to provide a summary judgment to creditors. It states the media companies that filed an involuntary chapter 11 petition against Focus based on the ...
Filing for bankruptcy Experiencing a natural disaster Having your insurance canceled If you qualify for an exemption from the mandate or you think you might, make sure to apply. Many of the exemptions can only be applied for during tax season. The federal marketplace offers links to the appropr...
bankruptcy filing or relief. Section 106(a) of BAPCPA amends section 109 of the Bankruptcy Code to require an individual to receive credit counseling within the 180-day period preceding the date of filing a petition for bankruptcy. The credit counseling must be provided by an approved 6 “...
This paper examines the effect of Sarbanes-Oxley provisions on 10-K filing delays. We find that tightened filing deadlines for accelerated and large accele
Learn everything you need to know about S corp requirements, including eligibility, filing requirements, and tax benefits.
the nature of a company’s business; the market for its products; its regulatory history; its past corporate governance activities; the reputation of its management; its historical record and pattern of growth; its financial integrity (including filing for bankruptcy); its demonstrated earning power...
The debtor's monthly family income is calculated by subtracting living and other necessary expenses from what both spouses earn, even if the other spouse is not filing for bankruptcy. If the income exceeds the median for the applicable state, then the plan length must be for 5 years and the...
purpose. More specifically, to obtain a favorable determination letter from the IRS, the Notice requires the following standards to be met by an LLC that submits a Form 1023 (“Application for Recognition of Exemption Under section 501(c)(3) of the Internal Revenue Code”) after ...
mandated periodic reports such as annual (Form 10-K) or quarterly (Form 10-Q) filings, Form 8-K is designed to reveal essential matters in time for shareholders to react. Matters that must be reported on the form include acquisitions, bankruptcy, directors' resignations, or fiscal year ...
Companies undergoing Chapter 11 bankruptcy proceedings can only emerge by filing a plan to discharge some, if not all, of their debts. For companies with significant asbestos liabilities, this plan must provide for the formation of a trust to compensate victims of negligence. The trust distribution...