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Under the new law, the homestead exemption, which allows bankruptcy filers in some states to exempt the value of their homes from creditors, is limited in various ways. If a filer acquired their home less than 1,215 days (40 months) before filing, or if they have been convicted of security law violations or been found guilty of certain crimes ...
The history of bankruptcy law in the United States refers primarily to a series of acts of Congress regarding the nature of bankruptcy.As the legal regime for bankruptcy in the United States developed, it moved from a system which viewed bankruptcy as a quasi-criminal act, to one focused on solving and repaying debts for people and businesses suffering heavy losses.
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were several short-lived federal bankruptcy laws before the Act of 1898: the Bankruptcy Act of 1800, [3] which was repealed in 1803; the Act of 1841, [4] which was repealed in 1843; and the Act of 1867, [5] which was amended in 1874 [6] and ...
Nov 3 (Reuters) - Vitamin Shoppe-owner Franchise Group, backed by investment bank B. Riley Financial, said on Sunday it has commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court ...
Red Lobster is looking to file for Chapter 11 bankruptcy. Are restaurants in Ohio affected? Here's what we know.
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The salvageable parts were sent to Cedar Point, another Cedar Fair Amusement Park in Ohio, to be used for Demon Drop until it was also dismantled in 2009. In 2006, Six Flags Great Adventure removed its first generation ride, Stuntman's Free Fall. In December 2006, Six Flags Over Georgia dismantled Freefall, a first generation ride.
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