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In late August, Bank of America filed in N.C. Business Court, seeking a receivership to oversee liquidation of Klaussner's assets. Klaussner owed the bank a total of more than $21 million.
Alitalia will lay off over 2,000 remaining employees as liquidation nears November 10, 2024 at 11:50 AM FILE - In this photo taken on Sunday, May 5, 2019, an Alitalia plane takes off from Sofia ...
Alitalia will lay off over 2,000 remaining employees as liquidation nears. November 10, 2024 at 12:21 PM. ROME (AP) — Italy’s former national carrier Alitalia has started procedures for the ...
On July 10, 2009, after an auction process and approval by Judge Gerber concluded, GM's continuing operational assets and trademarks were transferred to the sole bidder, a primarily government-owned entity called "NGMCO Inc.", [60] which upon sale assumed the name General Motors Company.
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. [1]
The Fair Entitlements Guarantee is an Australian legislative scheme under which employees may receive financial assistance to cover certain specified employment entitlements where an employee loses their job due to the bankruptcy or liquidation of their employer and their employer does not have sufficient cash or assets to cover the entitlements.
Motors Liquidation Company had until January 7, 2010, for the deadline of the revised bid. The sale of Saab to Spyker was approved on January 26, 2010, [ 19 ] and completed on February 23, 2010. [ 20 ]
The auction lists 236 items from the set of Succession, a show that ended after four seasons in May 2023. Succession generated tremendous coverage during its run, but it isn't among HBO's most ...