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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]
Lord & Taylor, the oldest department store chain in the United States, founded in 1826 in New York City, filed for Chapter 11 bankruptcy on August 2, 2020. On August 27, 2020, the company stated it would be liquidating all 38 locations by December 1, 2020. McCrory Stores (national)
Two former New York City Fire Department chiefs became the latest high-ranking city officials to be named in a series of federal investigations plaguing Mayor Eric Adams' administration.
The Uniformed Firefighters Association of Greater NY is Local 94 of the International Association of Fire Fighters, the union representing New York City Firefighters. Founded in 1917, the UFA is a non-profit advocacy organization representing the health, safety and interests of New York City Firefighters.
For individuals, there are two main types of bankruptcy: Chapter 7 and Chapter 13. Chapter 7 bankruptcy involves the liquidation of assets. In Chapter 7, the debtor’s non-exempt assets are sold ...
Uniformed Fire Officers Association (UFOA) is a union for lieutenants, captains, battalion chiefs, deputy chiefs, medical officers and supervising fire marshals in the Fire Department of New York. The organization is Local 854 of the International Association of Fire Fighters. Lieutenant James G McCarthy is the current president of the UFOA.
A fall from grace. Founded in 1978, The Container Store went public on Nov. 1, 2013, pricing its initial public offering at $525 per share. By the close of trading that day, shares closed at $543.
Chapter 9, Title 11, United States Code is a chapter of the United States Bankruptcy Code, available exclusively to municipalities and assisting them in the restructuring of their debt. On July 18, 2013, Detroit, Michigan became the largest city in the history of the United States to file for Chapter 9 bankruptcy protection.
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