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 bankruptcy proceedings in Hidrogradnja has been going on for 15 months now.
Indian ICICI Bank has launched bankruptcy proceeding against Western India Shipyard, a subsidiary ship repair yard of ABG Shipyard.
Komercijalna banka, Stopanska banka and Silk Road called for launching bankruptcy proceedings when Feni's current owner, Kuniko, failed to settle its debt of 40 million euros.
The suggested modifications also set terms within which action has to be taken within the framework of the bankruptcy proceedings and that in case of unjustified delays the bankruptcy trustee may be relieved of duty.
Constitution's 11th Amendment renders states immune from bankruptcy proceedings.
The Tax Court held that a bankruptcy proceeding conducted under chapter 11 did not end S corporation status.
The norm in bankruptcy proceedings is to compile a list of those with claims against the debtor.
Bankruptcy proceedings and the court squabbling by companies with financial interests in the property or with interests in taking it over caused further delays.
Holmes, MD GA, 3/16/04, the bankruptcy court acted within its jurisdiction in issuing an order directing the IRS to consider a debtor's offer-in-compromise (OIC), notwithstanding its policy against considering OICs from persons involved in pending bankruptcy proceedings.
BANKRUPTCY proceedings have started against the Midlands richest criminal - timeshare crook John 'Goldfinger' Palmer.
The Tokyo Stock Exchange (TSE) plans to allow companies in legal bankruptcy proceedings to stay listed on the bourse in an attempt to encourage corporate managers and creditors to swiftly take steps to revive such failed firms, a Japanese business daily reported Wednesday.
But construction stalled in 1998 after the factory ran into financial difficulties and bankruptcy proceedings began.