October 4, 2022
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Ending bankruptcy | Peripheral markets

by on September 12, 2021 0

The End of Bankruptcy The world is facing a pandemic. Malaysian businessmen and those who depend on it – nearly all Malaysians- cannot escape the consequences of lockdowns, decreased demand, business closures and unemployment. Only a few wealthy sectors took advantage of this extraordinary period. Although the government has implemented measures to protect them,...

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Bankruptcies – September 2021 – Tri-Cities Area Journal of Business

by on September 10, 2021 0

Bankruptcies are filed under the following chapter headings:Chapter 7 – Pure and simple bankruptcy: the debtor transfers non-exempt assets and the debt is discharged.Chapter 11 – Allows businesses and individuals to restructure their debts to repay them.Chapter 12 – Allows family farmers to restructure their finances to avoid foreclosure liquidation.Chapter 13 – The plan...

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A Second Look: United States Bankruptcy Court for the District of New Jersey Clarifies Beginning of Lookback Periods for Real Estate Avoidance Measures | Patterson Belknap Webb & Tyler LLP

by on September 10, 2021 0

Debtors and trustees seeking to avoid the difficulties of a foreclosure often attempt to use sections 547 and 548 of the Bankruptcy Code. According to the old article, a debtor can avoid any transfer of an interest in an asset “at the latest 90 days before the date of filing of the request”. When...

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Koffee Kup Bankruptcy Could Cut Employee Benefits from $ 830,000 to $ 12,000 | Local News

by on September 10, 2021 0

BRATTLEBORO – If Koffee Kup Bakery’s creditors’ request for involuntary bankruptcy is allowed, nearly 500 former employees who have been waiting nearly six months for more than $ 800,000 in paid vacation balances could only share one just over $ 12,000. Under federal bankruptcy law, employee wages and benefits are considered unsecured debts, and...

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