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A plaque found in RTS made after the 1980s, featuring the TMC logo and the acronym "RTS" A 1994 TMC RTS bus still in service in 2016 for Lewis & Clark College, in Portland, Oregon. Transportation Manufacturing Corporation (TMC) was a bus manufacturer based in Roswell, New Mexico.
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]
Chapter 15 incorporates the Model Law on Cross Border Insolvency drafted by the United Nations Commission on International Trade Law.The law provides solutions to problems which arise in connection with cross-border bankruptcy, allowing US courts to issue subpoenas, orders to turn over assets, stays on pending actions, and orders of other types as circumstances dictate.
Section 75 was enacted by the Bankruptcy Act of 1933 and provided specific provisions for farmers. [1] However, many of these provisions were limited in scope, and ultimately required the voluntary cooperation of mortgagors and creditors. In addition, section 75, as it was originally conceived, was a temporary measure.
A conventional bankruptcy case is one in which the debtor files for Chapter 11 relief without having agreed in advance to the terms of a plan of reorganization with its creditors. During the course of the Chapter 11 case, the debtor or, if the debtor does not retain the exclusive right to propose a plan, a creditor or creditor group may ...
Transportation Materiel Command, a unit of the United States Army until 1962; Trapeziometacarpal joint, a joint in the thumb; Tmcft (TMC, tmc) (thousand million cubic feet), a volume measurement of water; Run TMC, a high-scoring trio of teammates in the National Basketball Association from 1989 to 1991
At the time of its bankruptcy, NEMF was the 17th largest LTL carrier in the US in 2017 with revenues over US$400 million. [6] The company had 3,745 employees including over 1,300 drivers and operated approximately 10,000 pieces of equipment including 1,500 company-owned tractors , an additional 247 owner-operator tractors, and almost 5,600 ...
On December 8, 2019, Celadon Group, Inc. and 25 affiliates filed for bankruptcy protection with the intent to fully dissolve the business. Primary business unit Celadon Trucking as well as two subsidiaries, Jaguar Transportation and Hyndman Transport, were shut down in December 2019 [ 3 ] while the final subsidiary, Taylor Express, continued ...