Legal bankruptcy

Legal bankruptcy

A legal proceeding for liquidating or reorganizating a business.

Legal Bankruptcy

A bankruptcy that has resulted in legal proceedings. See also: Chapter 7, Chapter 11, Chapter 13.
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However, if bankruptcy remains the best option, MyBKHelp attorneys examine whether to file the claim under Chapter 7 or 13, depending on which yields greater financial benefits, and provides legal representation throughout the legal bankruptcy case.
Entrepreneur friendly legal bankruptcy framework will also be developed for SMEs to enable easy exit.
A programme to provide forward and backward linkages with multiple value chains of manufacturing and services sector will also be put in place along with a friendly legal bankruptcy framework for SMEs to facilitate easy exit which were CII's key recommendations.
The Executive Committee of the Economic Chamber of Macedonia (SKM) said there is an apparent gap between the formal and real legal bankruptcy procedure.
rating agency said, referring to the government-backed turnaround body which is believed to be planning legal bankruptcy proceedings for the ailing carrier.
The Japanese government says JAL will continue to make payments for general business transactions based on existing contracts, even if the airline were to apply for legal bankruptcy proceedings.
It required me to leave my comfort zone and begin to research, learn, and advocate regarding challenging legal bankruptcy issues.
Colo Colo, who are emerging from a year-long legal bankruptcy, have landed Zamorano for nothing.
Weiland, Golden, Smiley, Wang Ekvall & Strok, LLP has established a tradition of hiring associates who have received practical training in the bankruptcy courts as judicial law clerks and encouraging them to remain active in the professional legal bankruptcy community.
As a bankruptcy law firm, Malaise Law Firm provides legal bankruptcy and debt solutions to individuals throughout the state of Texas in cities such as San Antonio, Brownsville, Corpus Christi and beyond.
But this tax reduction privilege is not applied to firms which opt to seek to rehabilitate through debt-waiver talks with creditor banks rather than resorting to legal bankruptcy proceedings.