Individuals may file Chapter 7 or Chapter 13 bankruptcy, depending on the specifics of their situation. ; Municipalities—cities, towns, villages, taxing districts, municipal utilities, and school districts may file under Chapter 9 to reorganize. ; Businesses may file bankruptcy under Chapter 7 to liquidate or Chapter 11 to reorganize.
warning of a potential bankruptcy since early January, when... and benefits, maintain customer programs and honor... Soon, though, Bed Bath revealed in a securities filing that it didn’t...
Chapter 7: Liquidation [edit] Main article: Chapter 7, Title 11, United States Code Liquidation under a Chapter 7 filing is the most common form of bankruptcy. Liquidation involves the...
Basic Questions Relating to the Online Method Q4: What are the benefits of filing Exchange-Related Bankruptcy Claims using the Online Method? A: By entering the details of their claims and...
" All-in, FTX's assets as of September 30 total about $2.2 billion, according to the bankruptcy filing, though its unclear how different those numbers might be today given the recent run on...
418 comments ; The company that makes kitchen staples like CorningWare, Pyrex and the Instant Pot has entered bankruptcy proceedings in the U.S. and Canada. ; Illinois-based Instant Brands said Monday that it has "initiated a voluntary court-supervised Chapter 11 process," due to an unmanageable debt load. ; "Tightening of credit terms and higher interest rates impacted our liquidity levels and made our capital structure unsustainable," CEO Ben Gadbois said in a news release. ; In court filings, the company says it generated operating cash flows of just $17.9 million US in the first three months of the year. That relatively meagre figure is a sharp contrast to the more than $500 million US worth of debt on its books.
This result is consistent with an ex ante low net gain from a bankruptcy filing; a type of “rational inattention” to rare events such as bankruptcy. (JEL D12, D14)
The company has reiterated in SEC filings that bankruptcy is a possibility of the company can't raise more funds. In pre-pandemic times, the theater industry was profitable. In 2019, the...
Filing for bankruptcy is often considered a worst-case scenario. And for many Americans who... because of one reason: health-care costs. A new study from academic researchers found that 66....
If you're considering Chapter 7 bankruptcy, it's a good idea to get a full picture of how a bankruptcy will affect you, including both: the benefits and the downsides.