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As a Chapter 11 bankruptcy is considerably more complex and expensive than a Chapter 13 case, few debtors will choose Chapter 11 if a Chapter 13 bankruptcy is an option. Debtors may also be forced into bankruptcy by creditors in the case of an involuntary bankruptcy, but only under Chapters 7 or 11. However, in most instances, the debtor may ...
Habeas corpus (/ ˈheɪbiəsˈkɔːrpəs /; Latin for "you [shall] have the body") is a legal action or writ by means of which detainees can seek relief from unlawful imprisonment. In the Bill of Rights of the Philippine constitution, habeas corpus is guaranteed in terms almost identically to those used in the U.S. Constitution.
v. t. e. The Federal Rules of Bankruptcy Procedure (abbreviated Fed. R. Bankr. P. or FRBP) are a set of rules promulgated by the Supreme Court of the United States under the Rules Enabling Act, directing procedures in the United States bankruptcy courts. They are the bankruptcy law counterpart to the Federal Rules of Civil Procedure.
After a bankruptcy petition is filed, the court schedules a hearing called a 341 meeting or meeting of creditors, at which the bankruptcy trustee and creditors review the petitioner's petition and supporting schedules, question the petitioner, and can challenge exemptions they believe are improper. [46]
Chapter 7, Involuntary Personal Bankruptcy consolidation with SIPA liquidation of BLMIS [ edit ] On April 10, 2009, U.S. District Judge Louis Stanton reversed his December 18, 2008, ruling and ordered that investors can force Madoff into personal bankruptcy proceedings, against the wishes of federal prosecutors and the Securities and Exchange ...
Default (finance) In finance, default is failure to meet the legal obligations (or conditions) of a loan, [ 1 ] for example when a home buyer fails to make a mortgage payment, or when a corporation or government fails to pay a bond which has reached maturity. A national or sovereign default is the failure or refusal of a government to repay its ...
The Office of the Solicitor General of the Philippines (Filipino: Tanggapan ng Taga-usig Panlahat), formerly known as the Bureau of Justice, is an independent and autonomous office attached to the Department of Justice. The OSG is headed by Menardo Guevarra. The Office of the Solicitor General is the "law firm" of the Republic of the Philippines.
Diokno, in a workshop sponsored by the Philippine Center for Investigative Journalism in Baguio added that journalists, in the petition, can submit the censored story as annex, and it becomes a public document that can be used for publication. [43] On October 23, 2007, FLAG issued a (a 47-question-and-answer format) primer on the writ of amparo ...