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Is Home interiors bankrupt?
They are in the middle of Chapter 11 bankruptcy while they restructure. See http://www.homeinteriors.com/corporate-content/pdfs/HIG_PressRelease_042908.pdf
What does it mean to restructure your debt?
Debt restructure is a method to ensure that you do not default on your existing debts. Both individuals, as well as companies or nations, can take advantage of it. It is a less costly alternative to go through bankruptcy for buyers in financial difficulty, and it is advantageous for both the lender and the borrower.
Did paramount declare bankruptcy in 1933?
Yes, Paramount Pictures filed for bankruptcy in 1933 during the Great Depression. The financial strain of the era, coupled with declining revenues in the film industry, forced the studio to seek protection under the bankruptcy laws. However, it was able to restructure and eventually emerged from bankruptcy, continuing to produce films and remain a significant player in Hollywood.
Can you file for bankruptcy if you have a civil judgment for contractually liable debt in California?
Yes, you can file for bankruptcy in California even if you have a civil judgment for contractually liable debt. Filing for bankruptcy can potentially discharge or restructure that debt, depending on the type of bankruptcy you file (Chapter 7 or Chapter 13). However, certain debts may not be dischargeable, and it's important to consult with a bankruptcy attorney to understand the implications of your specific situation.
How do you file for bankruptcy in South Africa?
Bankruptcy is a legal proceeding whereby an individual or a business can declare an inability to pay back debts. Bankruptcy allows individuals or businesses to either restructure their debt and pays it back within a payment plan , or have most of their debts absolved completely.
What does chapter 11 bankrupty mean?
Chapter 11 is a form of bankruptcy that involves a reorganization of a debtor's business affairs and assets. It is generally filed by corporations which require time to restructure their debts.
Do creditors get money from settlement if no claim was filed during bankruptcy?
They would legitimately be entitled to be a party to the settlement but would need to apply to the bankruptcy administrator for consideration in this instance.
Did foxworth galbraith Texas file bankruptcy?
Yes, Foxworth-Galbraith Lumber Company, a Texas-based building materials supplier, filed for Chapter 11 bankruptcy protection in June 2020. The company cited financial difficulties exacerbated by the COVID-19 pandemic as a key reason for the filing. Following the bankruptcy, they aimed to restructure their debts and continue operations.
Has Weather Shield Windows filed for bankruptcy and if so what date?
Yes, Weather Shield Windows filed for bankruptcy on June 29, 2023. The company sought Chapter 11 protection to restructure its debts and address financial challenges. This move aimed to stabilize its operations and continue serving its customers.
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.
How are chapter 7 and chapter 13 bankruptcy similar?
Both are for consumers, as opposed to businesses, but Chapter 7 absolves all debts, whereas debtors in Chapter 13 restructure their debts on 3-5 year plans.
What would allow a debtor to repossess a car while in a stay under a bankruptcy?
Depends how the bankruptcy was set up and whether the car was listed. There should be some consideration in that case as to whether you can make the payments, or not.
