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On the advice of law firm King & Spalding, filing for Chapter 11 bankruptcy would allow the restaurant chain to stay open while dealing with its debt and help reevaluate long-term contracts and ...
Ohio is not on TAGeX Brands list of restaurant closings. Red Lobster operates 38 restaurants in 33 Ohio cities, according to its website, and each location in the state is listed as "open."
Under the new law, the homestead exemption, which allows bankruptcy filers in some states to exempt the value of their homes from creditors, is limited in various ways. If a filer acquired their home less than 1,215 days (40 months) before filing, or if they have been convicted of security law violations or been found guilty of certain crimes ...
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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.
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]
According to bankruptcy court filings in Florida, Reb Lobster rejected dozens of store leases across the country. Nine of the many that will soon close are here in Ohio: 3655 Orange Place, Beachwood.