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The Bankruptcy Act of 1898 (Act of July 1, 1898, ch. 541, 30 Stat. 544) was the first permanent bankruptcy law and remained in effect until the passage of the Bankruptcy Reform Act of 1978 (Pub. L. 95–598, 92 Stat. 2549, November 6, 1978). The 1898 Act created "courts of bankruptcy" defined as the district courts of the United States.
2005 Millport Alabama bankruptcy; 2006 Los Osos California bankruptcy; 2007 Moffett Oklahoma bankruptcy; 2008 Gould Arkansas bankruptcy; 2008 Vallejo California bankruptcy; 2009 Washington Park Illinois bankruptcy; 2009 Westfall Township Pennsylvania bankruptcy; 2011 Central Falls Rhode Island bankruptcy; 2011 Harrisburg Pennsylvania bankruptcy
Of course, filing for bankruptcy doesn’t necessarily mean a business is going bust. Companies tend to use the Chapter 11 process to wind down some operations, tackle mounting debt and save on ...
The bankruptcy followed a judgement awarding Main Line Pictures $8,100,000 against her for walking away from the movie Boxing Helena. [151] The case was eventually settled for $3,800,000. [148] [151] The bankruptcy was later converted to Chapter 7. [152] [150] [149] Her assets included a large portion of the town Braselton, Georgia. [152] Fife ...
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The last instance of such a default took place during the Great Depression, in 1933, when the state of Arkansas defaulted on its highway bonds, which had long-lasting consequences for the state. [1] Current U.S. bankruptcy law, an area governed by federal law, does not allow a state to file for bankruptcy under the Bankruptcy Code. [2]
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In 2006, Famous Recipe Company Operations, Inc., owner of the Lee's Famous Recipe franchise, acquired Mrs. Winners. As of August 2007, there were 113 locations in North Carolina, Tennessee, Georgia, Arkansas, Mississippi, and Kentucky. [6] Mrs. Winner's filed for bankruptcy in 2011 after several years of subpar financial performance.