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Did Paddock Pools Construction Company of Arizona file for bankruptcy Chapter 11 in 2007 or 2008?
Wiki User
∙ 15y ago
neither.... But they probably will in mid 2009
Wiki User
∙ 15y ago
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Which Houston-based energy company filed for Chapter 11 bankruptcy and whose business conduct is one of the grossest examples of corporate greed and fraud in America?
The Enron Corporation which Fortune Magazine had called "Ameriica's most inovative Company" for six consecutive years before the fraud was diiscovered.
How much does Metro Goldwyn Mayer make in a year?
It has been reported that Metro Goldwyn Mayer (MGM), a private company, made approximately $500 million in 2009. However, due to the recent recession, the company's income has dropped significantly. MGM, which is not affiliated with MGM Resorts International, recently emerged for Chapter 11 bankruptcy.
List of company in the Philippines that file for bankruptcy?
The list of companies their file bankruptcy in the country of Philippines can be obtained from the business oversight office in Manila. The list is compiled each year.
What are the ratings and certificates for Jack and the Sodor Construction Company - 2006 Jack Owns Up?
Jack and the Sodor Construction Company - 2006 Jack Owns Up is rated/received certificates of: Australia:G
Where are the headquarters of Limelight Networks?
Limelight Networks is an American company that deals with marketing and technology. The corporate headquarters of the company can be found in Tempe, Arizona.
Is Lewis equipment company in bankruptcy?
Yes it is in chapter 11
Are vendors guaranteed payment selling a company in Chapter 11 Bankruptcy?
No, but generally they receive higher preference than unsecured creditors that issued credit prior to the bankruptcy, should the chapter 11 company go to chapter 7.
Could A company in chapter 11 bankruptcy be sued for discrimination?
Sure
If your company is owed money from a company that goes into Chapter 11 what do you need to do?
If a company goes into a Chapter 11 owing your company money, you need to submit a claim to the bankruptcy court yesterday.
What companies will underwrite homeowners insurance while under bankruptcy?
What company will insure you when in chapter 13 if you home is not covered in the bankruptcy. If you have current insurance and the company is going out of business.
When is the right time to invest in a company that is under chapter 11 Bankruptcy?
no time is right time to invest in such company
Did Lucent Technologies ever declare Chapter 11 bankruptcy?
no, they merged with a french company alcatel.
How does a client get their money back if the business files for bankruptcy?
It depends on the chapter they filed and the financial state of the company, most likey not, that is why the filed for bankruptcy, they have no funds.
The Two Major Corporate Bankruptcy Filings?
Just like people, sometimes a corporation accrues more debt than it actually has the ability to pay back. When this occurs, a corporation sometimes declares bankruptcy. However, corporations do not always use the same kinds of bankruptcy that individuals use. The two most common corporate bankruptcy filings are Chapter 7 bankruptcy and Chapter 11 bankruptcy. Chapter 7, which can also be used by individuals, is for businesses that are giving up entirely. If a company declares Chapter 7 bankruptcy, that company will cease operations immediately. At that point, legal ownership of the company is transferred to the bankruptcy court. When ownership of the company is transferred to the court, a lawyer will be appointed by the court to oversee the rest of the bankruptcy. This will include overseeing the closing of that corporation's facilities. It will also include a liquidation of the company's assets. The assets will be sold, and the proceeds of those sales will be used to pay back creditors that are owed money by the company. Chapter 11 bankruptcy, not used by individuals, is a bit different. Instead of the business being closed, the business is allowed operate normally during the bankruptcy. The goal of a Chapter 11 bankruptcy is the restructuring of the corporation so it can be profitable once again. There is also another potential benefit from this kind of corporate bankruptcy. All or a good portion of the company's previous debts and other obligations may be absolved. This is due to the fact that the goal of Chapter 11 bankruptcy is reorganization. Debt or other obligations that would force a company to go out of business may be removed to help that occur. Obligations other than debt that may be set aside by the court can vary. Usually this includes things such as agreements with unions on employee pensions and benefits, leases for real estate and other expensive contracts. However, even if a corporation attempts to enter Chapter 11 bankruptcy, there is still a risk that the company may be liquidated as part of a Chapter 7 bankruptcy. This can occur if a plan is not agreed upon by the corporation, its creditors and the court. If this happens, the only remaining options are either entering Chapter 7 or returning back to the company's pre-bankruptcy state. Since the company entered bankruptcy because survival without reorganization was unlikely, both choices are rather undesirable.
Is Six Flags going to close due to Bankruptcy?
No, Six Flags filed for Chapter 11 bankruptcy rather than Chapter 7. Chapter 11 bankruptcy is filed so that a company can restructure it's debt, eliminating much of it, and come out a stronger company. They may close some under performing parks or sell them to another corporation but the parks should remain open in the meantime.
What is the definition of a Chapter 11 filing?
This means that a company is on the verge of bankruptcy and if something in the company doesn't change, that there is a definite chance of going bankrupt.
The company filed for bankruptcy do you still owe the judgement?
Yes. The trustee in bankruptcy will take over collection of the company's accounts receivable. These are assets of the bankrupt estate that must be managed. Even if the bankruptcy is a complete liquidation (Chapter 7) the assets have got to be collected and paid to the individual creditors of the company.
