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t. e. The United States Trustee Program is a component of the United States Department of Justice that is responsible for overseeing the administration of bankruptcy cases and private trustees. [1] The applicable federal law is found at 28 U.S.C. § 586 and 11 U.S.C. § 101, et seq. In addition to the 21 United States Trustees, the program is ...
An individual who is badly in debt can typically file for bankruptcy either under Chapter 7 (liquidation, or straight bankruptcy) or Chapter 13 (reorganization).In some cases, options may also include Chapter 12 (family farmer reorganization) and Chapter 11 (reorganization of a company, or an individual debtor whose debts exceed the limits for a Chapter 13 filing). [2]
The Wiener Stadtbank or Wiener Stadtbanco ( lit. 'Municipal Bank of Vienna') was a Austrian municipal bank which in 1762 became the first note-issuing bank of the Habsburg monarchy. It was founded in 1706 by emperor Charles VI, and closed in 1811 after having been bankrupted by the financial stress from the Napoleonic Wars.
Under the reorganization process, termed a 363 sale (for Section 363 which is located in Title 11, Chapter 3, Subchapter IV of the United States Code, a part of the Bankruptcy Code), the purchaser of the assets of a company in bankruptcy proceedings is able to obtain approval for the purchase from the court prior to the submission of a re ...
Chapter 11 bankruptcy and liquidation Mortgage lender February 21, 2007: First Merchant Bank: withdrawal of the concession Offshore bank [1] April 2, 2007: New Century: Chapter 11 bankruptcy and liquidation Mortgage lender [2] August 6, 2007: American Home Mortgage: Chapter 11 bankruptcy and liquidation Mortgage lender [3] August 31, 2007 ...
A Bankruptcy Exemption defines the property a debtor may retain and preserve through bankruptcy. Certain real and personal property can be exempted on "Schedule C" [41] of a debtor's bankruptcy forms, and effectively be taken outside the debtor's bankruptcy estate. Bankruptcy exemptions are available only to individuals filing bankruptcy. [42]
The 2008–2014 Spanish financial crisis, also known as the Great Recession in Spain[ 1][ 2] or the Great Spanish Depression, began in 2008 during the world 2007–2008 financial crisis. In 2012, it made Spain a late participant in the European sovereign debt crisis when the country was unable to bail out its financial sector and had to apply ...
Dinamic Software was a Spanish video game producer and publishing company. It was founded in 1984, and its activity ceased in 1992, comprising the Golden Era of Spanish Software . One year later, a part of its owners founded an independent company named Dinamic Multimedia .