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The company after filed for Chapter 11 bankruptcy in September 1998. After attempts to sell the company as a going concern failed, [4] The company converted to a Chapter 7 liquidation, [5] and ceased operations by the end of the year. [4] Some locations were purchased by H.H. Gregg Appliances and Electronics, and were reopened as H.H. Gregg ...
Vorys, Sater, Seymour and Pease LLP is an international law firm based in Columbus, Ohio.With approximately 375 attorneys working out of offices in California, Ohio, Pennsylvania, Texas, Washington, D.C., London, and Berlin, the firm is among the largest 150 law firms in the United States, according to American Lawyer.
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]
Terms of an employee contract negotiated over years can be eliminated in months through Chapter 11. Terms of the Railway Labor Act, amended in 1936 to cover airlines, prevent most labor union work actions before, during and after an airline bankruptcy. Continental Airlines declared bankruptcy, Chapter 11, a second time in December 1990.
An attorney can go over your options and let you know if bankruptcy is a viable option for your situation. Decide if you will file for Chapter 7 or Chapter 13 bankruptcy.
Shilo, 25, filed for Chapter 7 bankruptcy in October 2023.He is seeking a discharge of his debt so he can get a "fresh start." What is Shilo Sanders' position on this issue? His attorney wrote he ...
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