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In the United Kingdom the power to appoint a provisional liquidator is found in section 135(1), of the Insolvency Act 1986, and it is regarded as an "emergency procedure". [1] The categories of persons who may apply for the appointment are set out at rule 4.25(1) of the Insolvency Rules 1986. [21]
The principal rationale underlying the concept of examinership is to allow a company that is experiencing financial difficulties a period of protection from creditor action during which a third party (the examiner) has an opportunity to examine the affairs of the company and, if there is a reasonable prospect of the survival of the company and all or part of its undertaking as a going concern ...
Oklahoma law is based on the Oklahoma Constitution (the state constitution), which defines how the statutes must be passed into law, and defines the limits of authority and basic law that the Oklahoma Statutes must comply with. Oklahoma Statutes are the codified, statutory laws of the state.
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]
An Oklahoma County judge on Friday ruled an open records lawsuit seeking a copy of a former state agency head’s severance agreement can proceed.. J.D. Strong was awarded a $169,341 severance ...
An application to the court for an administration order may be made by the company, the directors, a creditor or any combination of them. The Enterprise Act 2002 amended the Insolvency Act 1986 to provide an out-of-court process to appoint an administrator to the holder of a floating charge or the company or its directors. This is considerably ...
The rules for filing personal bankruptcy in each province and territory differ slightly. In some areas of Canada individuals may be permitted to keep (exempt) certain property. Common items for exemption include clothing, furniture, appliances, motor vehicles, medical and dental aids, a home, family heirlooms, and some insurance. In basic terms ...
What death row inmates can choose for their last meal varies a lot, highlighting American ambivalence around capital punishment.