Bankruptcy Court


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Bankruptcy Court

A court constituted to hear bankruptcy cases exclusively. In the United States, bankruptcy courts are constituted under the federal government and are units of regional district courts.
References in periodicals archive ?
On Feb, 28, the Trustee filed a motion for reconsideration, The Trustee recognized that the ultimate effect of the court's order in this case was unlikely to change, but objected to certain aspects of the ruling that he characterized as setting bad precedent on the applicability of the automatic stay, The Trustee argued that a general rule exempting from the automatic stay all proceedings against a debtor in the same bankruptcy court as the debtor's case would defeat the purpose of the automatic stay in many cases.
In December 2018, Synergy filed a voluntary petition for reorganization under Chapter 11 of the US Code with the US Bankruptcy Court for the Southern District of New York (the Bankruptcy Court), under which, Bausch Health signed a definitive agreement to acquire certain assets of Synergy.
" First, the indemnification clause at issue is actually part of the Bankruptcy Court's Sale Order; second, the facts and circumstances surrounding the shut-down are already the subject of a proceeding before the Bankruptcy Court; and third, Plaintiffs were purportedly employed by debtor NECCO at the time of the alleged WARN Act violation.
However, the remainder of the second lien commitment agreement and related documents referenced therein remain subject to the ongoing review of the bankruptcy court. The bankruptcy court also approved the Company's implementation of the 2018 key employee incentive plan.
In February 2018, the bankruptcy court revoked the privileges of the Petitioners in this case two individuals and two related business entities to practice before the court for five years.
Bankruptcy Court for the District of Delaware to implement a consensual financial restructuring approved by certain holders of first and second lien term loans.
A bankruptcy creditor, BR North 223, LLC (BR North) contested a Bankruptcy Court order approving a compromise entered into under Chapter 7 bankruptcy between the bankruptcy trustee (Trustee) and the children of the debtor.
(10) Congress responded by passing a new law creating an Article I bankruptcy court as a unit within the United States District Courts that would receive cases by referral.
and certain subsidiaries today announced that they had filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court for the District of Delaware to pursue a prepackaged plan of reorganization in accordance with its previously announced restructuring support agreement with creditors to effectuate a comprehensive balance sheet restructuring (the "RSA").
has sought permission from a bankruptcy court to offer bonuses to employees in key positions in an attempt to stem the steady flow of executives jumping ship, according toAaAeAeA (http://www.wsj.com/articles/american-apparel-asks-bankruptcy-court-to-approve-staff-bonuses-144622824 the Wall Street Journal ,AaAeAeA after the struggling fashion retailer fil for Chapter 11AaAeAeA in Octobe
Wellness sued Sharif in bankruptcy court, arguing Sharif owned assets that he claimed were held in a family trust, and that those assets should be used to pay off his debts.
The bankruptcy announcement stated that Allied Nevada will continue to operate its business as a "debtor in possession" under the jurisdiction of the bankruptcy court. Under the proposed financial restructuring, which requires bankruptcy court approval, Allied Nevada expects its trade creditors and vendors to be paid in full.

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