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It depends....generally yes...although normally as a much different organization. However, in recent years, especially with larger Corps, the C11 process has been used to make an orderly and most profitable disposition of assets for the creditors (operating assets/subisdiaries are worth more than basically closed in C-7 ones), leading to either a "liquidating C-11" or a dissolution by C-7.
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Who cannot file for a Chapter 11 bankruptcy?
It does not apply to companies that are regulated by other statutes, such as banks, savings and loan associations, unions, insurance companies, and brokerage firms.
Can individuals file Chapter 11 bankruptcy or is it just for companies?
With only exceptions for really uncommon circumstances... C-11 is for CORPORATIONS only. ("Companies" can be many types of legal entities - frequently not a Corporation).
Can they attach your furture earnings after you file chapter 11?
Chapter 11 is not commonly available to indivduals, only Corporations.
Is there a cheap way to file corp chapter 11?
no
Can we check if a company file chapter 11?
trinity components
What is a prepackaged Chapter 11?
Chapter 11 protection allows companies to restructure under court supervision while continuing to operate. Companies that file under chapter 11 utilize the flexibility provided by the process and the protections afforded by the Bankruptcy Code in order to implement financial and operational restructurings, often emerging with right-sized balance sheets and/or refocused operations. In contrast, companies that file under chapter 7 cease to operate and liquidate their business for the benefit of their creditors. In a "pre-packaged" restructuring, prior to filing for chapter 11, the company reaches a reorganization agreement with its creditors and then formally solicits their support before entering court. One of the primary benefits of a pre-packaged restructuring is it generally results in a shorter turnaround time for the company and significantly higher rates of success. Chapter 11 (business reorganization) is a type of reorganization bankruptcy, like Chapter 13. Chapter 11 is available to individuals, corporations, and partnerships. It has no limits on the amount of debt, again, like Chapter 13. Chapter 11 is the typical bankruptcy choice for large businesses seeking to restructure their debt and become profitable again. Chapter 11 is the most flexible of all the bankruptcy chapters, which makes it generally more expensive to the debtor. A company's stock may continue to trade even after they file for bankruptcy.
Can an independent insurance agency file a chapter 11 and what happens with the companies they write for?
Yes an agency can, you will still have the policy and it will be assigned to another agent or the company itself for future service.
If you are not listed as creditor on chapter 11 bankruptcy?
File a proof of claim
Did Shasta Pools file for bankruptcy Chapter 11 in 2007 or 2008?
No.
If you file chapter 11 can the land lord kick you out?
C-11 is virtually always for Corporations.
What lien do I file on someone declaring chapter 11?
The type of lien you file, if any and how, is not effected/changed by someone "declaring" bankruptcy, as all creditors will have the opportunity to submit proofs of claim. If they have already declared, then you can't file a lien anyway as all collection actions are barred. Just your proof of claim. Normally, a "someone" doesn't file C-11....it is for Companies.
Did Shasta pools file for bankruptcy chapter 11 in 2008 2009 or 2010?
no
