- Midway Airlines may face
liquidation.
AIRLINE INDUSTRY INFORMATION-(C)1997-2003 M2 COMMUNICATIONS LTD A federal bankruptcy court in the US is reportedly threatening to liquidate Midway Airlines as the carrier will not be able to emerge from bankruptcy on 29 October 2003. US Bankruptcy Judge A. Thomas Small may convert the airline's Chapter 11 bankruptcy to a ......
- An investigation of the direct costs of bankruptcy
reorganization for closely held firms.
In the United States, bankruptcy is a federal court proceeding initiated voluntarily by a financially troubled debtor or involuntarily by the debtor's creditors. For most financially troubled businesses, the Federal Bankruptcy Code (Title 11 of the United States Code) provides two alternative avenues for relief. First, for the business that ......
- European Update
Editor's Note: Regular readers of this column will be aware that much of the decisional law relating to the European Community Insolvency Regulation is concerned with the location of a debtor's centre of main interests, or COMI. Since, in the new chapter 15 of the U.S. Bankruptcy Code, this concept ......
- Facts about business bankruptcy
If you thought 2002 was a bad year for bankruptcy filings, you were right. Five of the ten largest bankruptcy filings in U.S. history occurred in 2002. More than 180 publicly traded companies filed for Chapter 7 or Chapter 11 bankruptcy in 2002, with debts of more than $360 billion....
- Facts about business bankruptcy. (Selected
Topic).
If you thought 2002 was a bad year for bankruptcy filings, you were right. Five of the ten largest bankruptcy filings in U.S. history occurred in 2002. More than 180 publicly traded companies filed for Chapter 7 or Chapter 11 bankruptcy in 2002, with debts of more than $360 billion....
- What Happens When Your Principal Files For Bankruptcy?
All too often attorneys get inquiries from sales reps who have just received notice that one of their principals has filed for bankruptcy. Invariably, their first question is whether they will get paid the back commissions owed to them. Unfortunately, there is no simple answer, for bankruptcy cases involve many ......
- Ultimate Electronics to liquidate remaining 30 stores
As previously reported, Ultimate Electronics has sold the assets of 32 of its Ultimate Electronics and SoundTrack stores to Ultimate Acquisition Partners L.P. (UAP), an entity owned and controlled by Mark J. Wattles, the company's CEO, but the company on Friday announced that it would proceed with the liquidation of ......