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Vision Solar can't pay its debts or "feasibly address litigation" against it in courts across the country, the company said in a Dec. 28 filing in U.S. Bankruptcy Court here.
The Times has been following the bankruptcy case as it makes its way through U.S. Bankruptcy Court, ... Oct. 22, 2021: Levee Breaks files for Chapter 7 bankruptcy. Oct. 22, 2021: Headley Grange ...
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]
In re Garlock Sealing Technologies, LLC is a court case heard in the United States District Court for the Western District of North Carolina which involves the entry into bankruptcy proceedings by Garlock Sealing Technologies, once a manufacturer of coated asbestos gaskets, as a result of potential liability from current and future settlements. [1]
In 2013, they declared a Chapter 7 bankruptcy. [1] The petitioner argued in the bankruptcy court that she should be permitted to discharge debts relating to the fraud because she had no knowledge of the fraud by which the debt was incurred; instead, the fraud was allegedly done by her husband without her knowledge. [1]
Chapter 7 bankruptcy can stay on your credit reports for 10 years, while Chapter 13 bankruptcy only stays on your reports for seven years. However, the impact on your credit score will lessen over ...
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