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Finlay Enterprises Inc. was a holding company based in New York that conducted business through its wholly owned subsidiary "Finlay Fine Jewelry". It was founded in 1887. Finlay Enterprises Inc. filed for Chapter 11 bankruptcy in August, 2009. [1] Finlay operated the fine jewelry departments in many department stores. The department space was ...
Cornstein formed a new holding company, Finlay Enterprises, where he became president and chief executive in December 1988 and continued as a director of Finlay Fine Jewelry. The company continued to grow through the economic downturn in 1989, and in the 1990s expanded into Europe. In January 1999, Cornstein left Finlay as acting chief executive.
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]
Bankruptcy fraud is punishable by a fine, or by up to five years in prison, or both. [54] Knowingly and fraudulently concealing property of the estate from a custodian, trustee, marshal, or other court officer is a separate offense, and may also be punishable by a fine, or by up to five years in prison, or both.
NEW YORK (Reuters) -Cartier sued Tiffany & Co on Monday, accusing its luxury rival of stealing trade secrets concerning its high-end jewelry from an employee it lured away in December, in a sign ...
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A lost guitar played by John Lennon at height of Beatlemania that had been stashed away in an attic for decades has been sold at auction for more than $2.8 million.
The main differences between an estate liquidation and a mere estate sale is the sphere of inclusion which in a liquidation can expand to stocks, bonds, real property, fine jewelry, coin collections and fine art.