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USG Corporation, also known as United States Gypsum Corporation, is an American company which manufactures construction materials, most notably drywall and joint compound. The company is the largest distributor of wallboard in the United States and the largest manufacturer of gypsum products in North America.
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]
The bankruptcy was filed under the New York state law since the United States did not have a federal bankruptcy law at the time. [25] [26] Oscar Wilde: Irish author Bankruptcy Act 1883 [31] 1895 [32] [31] He owed £3591. [32]
After struggling to find an alternative, Adelphia Corporation filed for bankruptcy on June 26, 2002. Subsequently, the company asked for a $1.5 billion loan to restructure under bankruptcy protection. [10] According to BankruptcyData.com, the company's bankruptcy ranks 12th by assets in the United States history of bankruptcies. [11]
This is a list of Supreme Court of the United States cases in the area of bankruptcy. This list is a list solely of United States Supreme Court decisions about applying law related to bankruptcy. Not all Supreme Court decisions are ultimately influential and, as in other fields, not all important decisions are made at the Supreme Court level.
NEW YORK (Reuters) -A U.S. bankruptcy judge on Thursday approved WeWork's Chapter 11 bankruptcy plan, allowing the shared office space provider to eliminate $4 billion in debt and hand the company ...
In its Chapter 11 petition earlier this year, filed in U.S. Bankruptcy Court for the District of Delaware, Express Inc. reported nearly $1.2 billion in total debts and $1.3 billion in total assets ...
NEW YORK (AP) — The fate of U.S. trucking company Yellow Corp. isn't looking good. After years of financial struggles, Yellow is reportedly preparing for bankruptcy and seeing customers leave in ...