Trade and other unsecured creditors may consider joining an involuntary bankruptcy
petition as a means to obtain payment of their claims.
If it is unable to come to an agreement acceptable to all its creditors, Armstrong concluded "it may be necessary for us to file a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in order to implement a restructuring, or our creditors could force us into an involuntary bankruptcy
decided to go into voluntary bankruptcy versus waiting for its creditors to place Pimenton into involuntary bankruptcy
As a result of these events, Trapeza filed a petition for involuntary bankruptcy
for the bank under Chapter 7.
This comes less than two weeks after unsecured creditors sought to force the airline into involuntary bankruptcy
Comcast SportsNet Houston, the regional sports network created in partnership with the Houston Astros, Houston Rockets, and NBC Universal/Comcast, filed involuntary bankruptcy
no one is proposing involuntary bankruptcy
One involuntary bankruptcy
was dismissed (not listed below) and another dismissal is pending.
Seeking to put an individual into involuntary bankruptcy
is relatively uncommon but can occur when creditors suspect a debtor may be hiding or dissipating assets, according to Richard A.
It's also not the only pending litigation for the developers, who are in the midst of involuntary bankruptcy
proceedings with debt of more than $230 million.
Laska was one of several of Namvar's investors who forced the Iranian immigrant into involuntary bankruptcy
, charging that he owed his clients upwards of $525 million and asking a Bankruptcy Court to manage his remaining assets.
Creditors Move Rangers Holding Companies Into Involuntary Bankruptcy