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The Chapter 11 filing was the fourth-largest in US history, following Lehman Brothers Holdings Inc., Washington Mutual and WorldCom Inc. [14] A new entity with the backing of the United States Treasury was formed to acquire profitable assets, under section 363 of the Bankruptcy Code, with the new company planning to issue an initial public ...
Such exceptions include distributions in complete termination of a shareholder's interest [8] and distributions in liquidation of the corporation. [ 9 ] Tax rates
Liquidation may either be compulsory (sometimes referred to as a creditors' liquidation or receivership following bankruptcy, which may result in the court creating a "liquidation trust"; or sometimes a court can mandate the appointment of a liquidator e.g. wind-up order in Australia) or voluntary (sometimes referred to as a shareholders ...
The purpose of these two 1980s-era programs was "so that there was no way you could 'double dip' into both a federal pension and Social Security," explains Jill Schlesinger, CBS News business analyst.
Chapter 11: rehabilitation or reorganization, used primarily by business debtors but sometimes by individuals with substantial debts and assets; known as corporate bankruptcy, it is a form of corporate financial reorganization that typically allows companies to continue to function while they follow debt repayment plans
Americans paid an estimated $842 million in fees to cover advance loan refunds or refund anticipation checks last year.
That being said, sales for this year are only trending up 10% year over year through Q3, according to Kelley Blue Book, indicating a significant impact, assuming sales trend at the same level in ...
Case name Citation Date decided United States v. Petrillo: 332 U.S. 1: 1947: United States v. California: 332 U.S. 19: 1947: Adamson v. California: 332 U.S. 46