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He owed $16–32 million to the IRS during the 1980s. [126] $16 million in his assets was seized by the IRS before the bankruptcy. [127] His IRS debt was later settled at a discount rate. [128] Melba Moore [129] [130] [131] American singer and actress —
Companies that filed for Chapter 11 bankruptcy in 2018 (1 C, 106 P) Companies that filed for Chapter 11 bankruptcy in 2019 (91 P) Companies that filed for Chapter 11 bankruptcy in 2020 (188 P)
After satisfying certain requirements, bankruptcy law permits courts to approve the rejection of labor contracts by the debtor-employer. With this tool, airline managers reduce costs. Terms of an employee contract negotiated over years can be eliminated in months through Chapter 11 .
County Seat – founded in 1973, the denim-focused mall retailer expanded in the 1980s to nearly 500 stores. It filed for bankruptcy in 1996 and shuttered stores, and another bankruptcy in 1999 put the company out of business. [55] Cygnet Shops – women's fashion store that closed in 1975
Pages in category "Companies that filed for Chapter 11 bankruptcy in 1980" The following 6 pages are in this category, out of 6 total. This list may not reflect recent changes .
March 12, 1970: Boston and Maine Corporation June 21, 1970: Penn Central Transportation July 24, 1970: Lehigh Valley Railroad November 23, 1971: Reading Company April 19, 1972: Lehigh and Hudson River Railway
The history of bankruptcy law in the United States refers primarily to a series of acts of Congress regarding the nature of bankruptcy.As the legal regime for bankruptcy in the United States developed, it moved from a system which viewed bankruptcy as a quasi-criminal act, to one focused on solving and repaying debts for people and businesses suffering heavy losses.
Companies that have filed for bankruptcy in the United States (3 C, 7 P) Pages in category "Bankrupt companies of the United States" The following 11 pages are in this category, out of 11 total.