liquidation bankruptcy

Later that day a court ordered the pending reorganization converted into a liquidation bankruptcy.

But it's not your grandfather's liquidation bankruptcy.

Two weeks later, Society Expedition filed chapter 7 liquidation bankruptcy in July 2004.

About 75 percent of the individuals who file for bankruptcy do so under Chapter 7, which is a form of liquidation bankruptcy.

It is also called liquidation bankruptcy because some of a debtor's property may be sold (liquidated) to satisfy creditors.

Answer: Not everyone can qualify for a Chapter 7 liquidation bankruptcy, which typically erases credit card debt.

The bad debt expense was related to a staffing customer that declared a Chapter 7 liquidation bankruptcy in January 2008.

"The uncontrolled liquidation bankruptcy that would have resulted had Chrysler not been able to bring all of its parties to the table" has been avoided, he says.

By April 2011, The Russ Companies filed for Chapter 7 Liquidation Bankruptcy and no longer exists as an entity.

In a move that could mark the final chapter in a financial tailspin, the San Antonio Opera will file for liquidation bankruptcy within the next 20 days.

"We've had to provide support for AIG because the entire system, as fragile as it is could be profoundly endangered if AIG went into a liquidation bankruptcy."

While USDTV filed for liquidation bankruptcy, the company continued to operate in its four markets while two other companies are interested in purchasing its assets to continue the service.

Sometimes chapter 7 bankruptcy is referred to as "straight bankruptcy" or "liquidation bankruptcy", but these terms are basically a holdover from the past and are not helpful and are misleading.

In contrast, Chapter 7 governs the process of a liquidation bankruptcy (although liquidation can go under this chapter), while Chapter 13 provides a reorganization process for the majority of private individuals.

In late July 2008, the S&A Restaurant Group, a Metromedia Restaurant Group subsidiary, filed for Chapter 7 liquidation bankruptcy, and closed over 300 company-owned Bennigan's and Steak and Ale restaurants.

An unofficial explanation for this situation is represented by the heavy amount of unpaid taxes added up by the former governing company, AFC Steaua București, whose payment towards the tax authority was avoided this way by transferring its assets to the new-formed company, with the old association going on liquidation bankruptcy.