Topic
Liquidation
165 published works
In Solvency
Trustee in Meridian Automotive Systems Files Preference Complaints
By Fox Rothschild LLP, Fox Rothschild LLP
On August 7, 2009, Meridian Automotive Systems ("Meridian") filed a voluntary petition for relief under chapter 7 of the United States Bankruptcy Code. Soon after Meridian filed its petition for…
In Solvency
Trustee in WL Homes Bankruptcy Commences Preference Actions
Introduction In January of this year, George L. Miller, the chapter 7 trustee (the "Trustee") in the WL Homes bankruptcy, began filing avoidance actions against various creditors. As alleged in…
Nebraska Debt & Bankruptcy Blog
Should I file Chapter 7 or Chapter 13?
By Sam Turco
One of the most common questions asked is whether it is better to file Chapter 7 or Chapter 13. Our firm’s position is that if you qualify for Chapter 7…
Policyholder Perspective
Kemper Finally Close to Liquidation?
Kemper has been on the brink of insolvency for years. It may have finally reached the end of its runway. Last week, Kemper disclosed its most recent financials, which show…
Nonprofit Law Prof Blog
Donor’s Legal Troubles Cause Museum to Consider Bankruptcy
Friday's Los Angeles Times reported that director Cecilia Aguilera Glassman of the Children's Museum of Los Angeles has stated that absent an unexpected "angel" donation, the museum would file for liquidation under Chapter…
Georgia Bankruptcy Blog
Ritz Camera To Liquidate Boater’s World And Sell 400 Camera Shops
By Sunghee Sohn
As mentioned in this post, Ritz Camera, owner of Wolf Camera, filed a Chapter 11 petition last month. Ritz also owns Boater's World stores, with two locations in Georgia. According…
China Law Vision
China: Supreme People’s Court Issues Judicial Explanation Regarding Liquidation
By AnJie Broad
Recently, China’s Supreme Court issued a Judicial Explanation relating to the enforcement of the Company Law of the PRC. The focus of this Explanation is legal responsibility when company liquidation…
Food Liability Law
PCA Files for Chapter 7 Bankruptcy
Peanut Corporation of America has filed for Chapter 7 liquidiation under the U.S. Bankruptcy Code in the Western District of Virginia. It claims its secured debt exceeds its assets, which…
Georgia Bankruptcy Blog
Goody’s, Already Liquidating, Files Chapter 11 Again
By Sunghee Sohn
Discount Clothing Retailer Goody's Family Clothing decided last week to liquidate and close its remaining stores, after emerging from Chapter 11 only a few months earlier. Now it has filed Chapter 11…
Pension Risk Matters
Hedge Fund Valuation – Dead or Alive?
A key element of any valuation engagement is an assessment of "premise of value." Said another way, an appraiser must determine whether an economic entity is likely to remain in business…