Bankruptcy proceedings


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Bankruptcy proceedings

Legal proceedings covered by Bankruptcy Code. The proceedings could result in liquidation or reorganization of the firm.
References in periodicals archive ?
The Court, accordingly, found that removal of the various plans from the bankruptcy proceedings would disadvantage both the debtors and the creditors.
Everything you need to know in 60 minutes about important insurance issues that could take center stage in your clients' bankruptcy proceedings this year
In Macedonia, there are 225 bankruptcy proceedings in progress as 40 new ones were launched in the first two months of this year.
One approach a company can take is to determine the amount of expense that would have been incurred had the bankruptcy proceeding not been instituted.
The Ritter Ranch project - envisioned as a state-of-the-art, master- planned community in the hills of west Palmdale, south of Elizabeth Lake Road - has been entangled for years in lawsuits and bankruptcy proceedings.
Colton, President of Pioneer, stated: "As of today, October 13, 1998, Pioneer Oil and Gas paid all claims to secured and unsecured creditors under the Chapter 11 Plan and except for the final paperwork and court decree has emerged from bankruptcy proceedings.
No penalties will be assessed in 1994 for the failure to report discharges related to the expiration of the SOL and bankruptcy proceedings.
If a business is in bankruptcy proceedings or is insolvent, the discount is excluded from income but, under Internal Revenue Code section 108(b), the business must reduce the size of its favorable tax "attributes" (such as net operating losses [NOLs], capital losses, credits and so forth).
Harbert brings extensive turnaround and restructuring experience as a CFO and will help guide the company through its bankruptcy proceedings.
PALMDALE - A Newport Beach company is positioning itself for a second try at taking over the stalled 7,200-home Ritter Ranch project, which has been mired for more than five years in lawsuits and bankruptcy proceedings.
Hillsborough, the holding company for Walter Industries and 32 of its subsidiaries have been in Chapter 11 bankruptcy proceedings in Tampa for almost 5 years.
However, creditors also can initiate bankruptcy proceedings.