Using Chapter 11 to Sell Assets
Jan 16, 2012
Most of us dont have a $1 million Marilyn Monroe dress available to sell to generate cash. However, many individuals and businesses do have assets which they can bring a good price if the sale is prope...
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Stay of Other Actions
Jan 16, 2012
Most creditor actions are barred by the automatic stay once a bankruptcy case is filed. However, there is a limited set of situations in which creditors or (more commonly) the government can continue t...
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Individuals Can File a Chapter 11 Bankruptcy
Jan 16, 2012
In the news, Chapter 11 bankruptcy cases usually involve businesses. This recent items is an exception, and the news writer finds it necessary to explain that individuals are eligible to file a Chapter...
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England Looks at Automatic Stay from US Chapter 11 Case
Jan 16, 2012
One of the features of a Chapter 11 bankruptcy case in the United States is that creditors are automatically barred, under what is called the automatic stay, from collecting against the debtor or cance...
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Dodgers Seek Depositions in Chapter 11 Case
Jan 16, 2012
According to news reports, the Los Angeles Dodgers have requested depositions of Major League Baseball figures including Commissioner Bud Selig.
The request illustrates a feature of a Chapter 11 bankru...
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You Need Not Await Insolvency to File Bankruptcy
Jan 16, 2012
Bankruptcy is naturally associated with insolvency. Often, however, an individual or business will be able to pay debts in full, yet needs relief because immediate payment would require selling assets ...
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Marie Callender's Files Chapter 11 Bankruptcy, Closes Arizona Stores
Jan 16, 2012
The company that owns or franchises the Marie Callenders restaurants has filed for Chapter 11 bankruptcy protection. All Arizona restaurants are closing.
Before the filing, the restaurant chain had pre...
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The Bankruptcy Stay Halts Foreclosures
Jan 16, 2012
A Chapter 11 bankruptcy case immediately halts a foreclosure sale. On filing, an automatic stay immediately takes effect, stopping creditors from collecting their debts from the debtor or from the debt...
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Fulton Homes Mediates Chapter 11 Issues
Jan 16, 2012
Arizona-based Fulton Homes filed for Chapter 11 bankruptcy protection over two years ago. It was again in the news recently because the bankruptcy judged ordered Fulton Homes and its main creditor to m...
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Donald Trump's Chapter 11 Filings
Jan 16, 2012
Politicians tend to inspire strong reactions. During his recent flirtation with politics, Donald Trump was no exception. Among a number of insults launched by Cher, the only one relevant to this blog (...
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