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On April 13, 2006 the company declared bankruptcy. At the time of insolvency the company had 6,500 investors [1] and was managing $962,000,000 in investor assets, making it the biggest bankruptcy case in the history of Nevada. [2]
This is a list of Supreme Court of the United States cases in the area of bankruptcy. This list is a list solely of United States Supreme Court decisions about applying law related to bankruptcy. Not all Supreme Court decisions are ultimately influential and, as in other fields, not all important decisions are made at the Supreme Court level.
SCS Credit Corp., 541 U.S. 465 (2004), was a decision by the United States Supreme Court regarding a cramdown in the value of a loan during a Chapter 13 bankruptcy. The "decision that had no majority opinion, four justices held that the proper rate was the 9.5 percent one arrived at by modifying the average national loan rate to make up for the ...
Judge of the United States District Court for the District of Nevada; In office November 30, 2003 – February 1, 2016: Appointed by: George W. Bush: Preceded by: David Warner Hagen: Succeeded by: Anne Traum: Judge of the Bankruptcy Appellate Panel for the Ninth Circuit; In office 1986–1999: Judge of the United States Bankruptcy Court for the ...
Originally, bankruptcy in the United States, as nearly all matters directly concerning individual citizens, was a subject of state law. However, there were several short-lived federal bankruptcy laws before the Act of 1898: the Bankruptcy Act of 1800, [3] which was repealed in 1803; the Act of 1841, [4] which was repealed in 1843; and the Act of 1867, [5] which was amended in 1874 [6] and ...
NEW YORK (Reuters) -U.S. Bankruptcy Judge David Jones in Houston, who oversees more major Chapter 11 cases than any other U.S. judge, said on Friday he is facing an ethics review over a previously ...
He previously filed for bankruptcy in 2009 and 2010, but the cases were dismissed. [267] Drake Bell: American actor Chapter 7 [269] 2013 [269] Asset of $1,585,500 [269] against debt of $2,166,000. [269] Calum Best: British-American model IA 1986 [270] 2013 [171] [270] He was made bankrupt by the HMRC over unpaid taxes. [171] [270] Kelly ...
Each district also has a United States Marshal who serves the court system. Three territories of the United States — the Virgin Islands, Guam, and the Northern Mariana Islands — have district courts that hear federal cases, including bankruptcy cases. [1] The breakdown of what is in each judicial district is codified in 28 U.S.C. §§ 81–131.
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