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For example, in the recent Boy Scouts of America (BSA) bankruptcy case, the debtor’s plan set up a $2.4 billion fund for abuse victims of BSA troop leaders. Victims cannot recover damages from ...
The Bank of England refused to advance money, and it collapsed. The directors were sued, but exonerated from fraud. Friedrich Krupp. Germany. 1873. Steel, metals. Krupp's business over-expanded, and had to take a 30m Mark loan from the Preußische Bank, the Bank of Prussia. Danatbank. Germany.
Laws applied. Title 11 of the United States Code. Harrington v. Purdue Pharma L.P., 603 U.S. ___ (2024), is a United States Supreme Court case regarding Chapter 11 of the Bankruptcy Code. [1] This case is about the settlement by Purdue Pharma for opioid victims who overdosed with the OxyContin drug produced by the company.
Alchemy (company) Alfred Angelo. Alliance of American Football. Aloha Air Cargo. Aloha Airlines. American Freedom Mortgage. American Musical Theatre of San Jose. ArcLight Cinemas. Arena Football League.
While bankruptcy cases are always filed in United States Bankruptcy Court (an adjunct to the U.S. District Courts), bankruptcy cases, particularly with respect to the validity of claims and exemptions, are often dependent upon State law. [40] A Bankruptcy Exemption defines the property a debtor may retain and preserve through bankruptcy.
This is a list of Supreme Court of the United States cases in the area of bankruptcy. This list is a list solely of United States Supreme Court decisions about applying law related to bankruptcy. Not all Supreme Court decisions are ultimately influential and, as in other fields, not all important decisions are made at the Supreme Court level.
On March 11, 2003, Robert Marrama filed a voluntary bankruptcy petition under Chapter 7, thereby creating an estate consisting of all his property “wherever located and by whomever held.”. [2] Respondent Citizens Bank of Massachusetts was the principal creditor. In his petition, Marrama made a number of statements about his house in Maine ...
Originally, bankruptcy in the United States, as nearly all matters directly concerning individual citizens, was a subject of state law. However, there were several short-lived federal bankruptcy laws before the Act of 1898: the Bankruptcy Act of 1800, [3] which was repealed in 1803; the Act of 1841, [4] which was repealed in 1843; and the Act of 1867, [5] which was amended in 1874 [6] and ...