Second, the borrower is often asked to covenant against a voluntary bankruptcy
FORMER Anglo Irish Bank chief David Drumm yesterday applied for voluntary bankruptcy
in the US.
Stuck in a stalemate, the Rangers put themselves in voluntary bankruptcy
, thinking they could push through a "pre-packaged plan" to exit them from Chapter 11 to Greenberg-Ryan.
Her financial advisors are said to be urging Fergie - who has laid off 11 staff - to enter voluntary bankruptcy
, despite the embarrassment that would cause the Queen.
"However, the number of IVAs has shot up by 148% to 11,233, overtaking voluntary bankruptcy
for the first time.
Brownderville, who owned B&L Used Cars & Parts and B&L Auto Salvage, listed $209,800 in assets, according to his voluntary bankruptcy
petition filed in U.S.
Bankruptcy can be filed by debtors to obtain relief from the pressures of creditors (i.e., voluntary bankruptcy
) or be forced by creditors (i.e., involuntary bankruptcy).When a bankruptcy petition is filed, an estate is formed to aggregate the debtor's assets as of the bankruptcy petition date, so that they can be distributed fairly.
Bryant, along with three other machine-tool companies operated by Goldman Industrial Group (Boston, Mass.), has been shuttered since Goldman's voluntary bankruptcy
in February (see story on Fellows, opposite).
The glamour couple together operated some of Scotland's trendiest night spots, but their marriage has failed to survive the pressure of Colin's voluntary bankruptcy
17(c) and will recognize that an appointed representative may file a voluntary bankruptcy
petition on behalf of an infant or incompetent person.
The company's voluntary bankruptcy
was filed in U.S.