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Under the reorganization process, termed a 363 sale (for Section 363 which is located in Title 11, Chapter 3, Subchapter IV of the United States Code, a part of the Bankruptcy Code), the purchaser of the assets of a company in bankruptcy proceedings is able to obtain approval for the purchase from the court prior to the submission of a re ...
The filing by the dealership declared General Motors to be a debtor in possession. [3] The Manhattan dealership's filing allowed General Motors to file its own bankruptcy petition in the United States Bankruptcy Court for the Southern District of New York, its preferred court.
Ettleson currently owns Ettleson Cadillac-Buick-GMC and Ettleson Hyundai in Hodgkins with his son Michael Ettleson. Celozzi owned Celozzi Ford and Celozzi Chrysler in Waukegan until 2003, when he was forced to declare bankruptcy and shutter the dealerships after one of his former business partners was indicted on fraud charges. [7] [8]
An Eastern District was created on March 3, 1905 by 33 Stat. 992, [5] by splitting counties out of the Northern and Southern Districts. It was later eliminated in a reorganization on October 2, 1978 which replaced it with the United States District Court for the Central District of Illinois District, 92 Stat. 883. [5]
The 6th U.S. Circuit Court of Appeals said a lower court judge had discretion to let drivers sue in groups over Cadillac, Chevrolet and GMC vehicles equipped with 8L45 or 8L90 eight-speed ...
United States District Court for the Northern District of Illinois [4] United States District Court for the Central District of Illinois [5] United States District Court for the Southern District of Illinois [6] Former federal courts of Illinois. United States District Court for the District of Illinois (extinct, subdivided in 1855) [7]
Three employees at a Maryland Cracker Barrel have reportedly been dismissed after staff refused to seat a group of students with special needs on Dec. 3 Superintendent of Charles County Public ...
An automobile dealership in Orland, California which closed after General Motors cut ties with it and several hundred other dealers as part of its Chapter 11 bankruptcy restructuring efforts in 2009 [1] Beginning in the latter half of 2008, a global-scale recession adversely affected the economy of the United States.
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