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Normally they are alos in BK, and all the Cos become part of one consolidated case. However, especially with subs that are controlled foreign companies, this may not be desired (basically because you can end up with several BK cases occurring through the world, and that is problematic). Remember, a sub is a Co whose stock is owned by the parent, so the stock in the sub becomes an asset of the parent to be used in the BK. It is an asset on the consolidated books of the parent already. Normally, this all becomes moot as the sub was funded by the parent and the parent has responsibility for the subs debts by agreements anyway.
What else can I help you with?
What happens in chapter 11 in The Hunger Games?
Read it
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.
What happens in chapter 11 in The Cay?
the main character nearly dies from an attack
What happens in chapter 11 of The Cay?
the main character nearly dies from an attack
What happens in chapter 11 of endless forms most beautiful?
You learn to read.
What happens in chapter 11 and 12 in the year of the boar and Jackie Robinson by lord?
Chapter 11: The Wongs forget about the Festival of the Full Moon but grandfather sends mooncakes to remind them.
What foreshadows what happens to Piggy at the end of chapter 11 in the book lord of the flies?
Haleeb.
What happens in chapter 11 in lord of the kill?
Don't be lazy and just read it. Then you'll know;).
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).
What happens if a business goes into chapter 11 but an individual has personally guaranteed some of the business debts?
Liability
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.
What happens to a commercial lease under chapter 11?
Can be broken, renegotiated or affirrmed, all with Court approval.
