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A bankruptcy estate is defined broadly in the Bankruptcy Code to includes all of the debtor's rights to property. [11] The use of exemptions is generally only in personal bankruptcy case and not in business cases, such as those filed under chapter 7 and chapter 11, filed by an entity, except by business operated as a sole proprietorship.
As a result, GAC entered Chapter 11 bankruptcy protection in 1975. [15] [4] GAC emerged from bankruptcy protection in September 1980 as a subsidiary of Avatar Holdings, Inc. Under its new guise, the real estate business accounted for 70% of its total revenues, with the remainder being accounted for by water and wastewater utility services. [15]
Both the Mackle Company and Chemical Research would create 4 subsidiaries for developing property on both coasts of Florida during October 1954. [2] Over time, the company became more diversified and by 1956, most of the company's operations had been concentrated in Floridian real estate and ended up changing their name to Florida Canada ...
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She wouldn't be alone: bankruptcy filings in the U.S. surged by 18% in 2023, according to a study from bankruptcy data provider Epiq AACER. In total, the study concluded, filings rose to 445,168 ...
The bankruptcy covered Coppola personally together with his wife, and his two companies, Zoetrope Corporation and Zoetrope Productions. [95] Mick Fleetwood: British musician Chapter 7 [98] 1984 [98] Assets of $2,404,430 against debt of $3,697,163. [98] Among the causes of bankruptcy were impulsive real estate purchases and failed investments ...
A $9.7 million Martin County home with 5 bedrooms and 6½ bathrooms was the most expensive sold in October. See photos of other top home sales.
Chapter 7 of Title 11 U.S. Code is the bankruptcy code that governs the process of liquidation under the bankruptcy laws of the U.S. In contrast to bankruptcy under Chapter 11 and Chapter 13, which govern the process of reorganization of a debtor, Chapter 7 bankruptcy is the most common form of bankruptcy in the U.S. [1]