Bankruptcy
This is FindLaw’s collection of Bankruptcy articles, part of the Finance section of the Corporate Counsel Center. Bankruptcy law is federal statutory law contained in Title 11 of the United States Code. Congress passed the Bankruptcy Code under its constitutional grant of authority to "establish… uniform laws on the subject of Bankruptcy throughout the United States." Bankruptcy proceedings are supervised by and litigated in the United States Bankruptcy Courts. Find information about bankruptcy laws, including answers to some of the most frequently asked questions. Law articles in this archive are predominantly written by lawyers for a professional audience seeking business solutions to legal issues. Start your free research with FindLaw.
Finance
Bankruptcy Articles
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Family Debt After Divorce
Acknowledging social changes, Congress recently rewrote some of the debt guidelines involving divorced couples whose financial lives remain entwined ...
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FASB Issues Revised Proposal on Consolidation
In February 1999, the Financial Accounting Standards Board issued a revised exposure draft of its proposed statement of financial accounting standards entitled "Consolidated Financial Statements: Purpose and Policy." The deadline for comments on the ...
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Financial Services Report: Fall 1998
Russian Financial Crisis It Doesn't Pay To Be Ordinary Wayne McArdleOn August 17, 1998, the Government of the Russian Federation and the Central Bank of Russia announced the gradual devaluation of the Rouble, the imposition of a repayment ...
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Finders’ Fees and Securities Laws
Over the past year, I have received numerous telephone calls from clients and have participated in several discussions with colleagues regarding the issue of whether a third party may collect finders fees for introducing potential investors to ...
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First Circuit K.O.’s Lenders in Chapter 3 Mortgage Modifications
To a greater degree than in most areas of the country, real property values in Massachusetts and Rhode Island are still far below their peaks of the 1980's. The volume of foreclosure sales remains high, and depreciation is a major stumbling block ...
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Four Issues to Watch in Getting the Landlord Paid if a Debtor/Tenant Seeks to Assume or Assign a Commercial Lease
Introduction: The Context in which the Following Assumption and Assignment Issues Arise The following materials address certain issues that may arise in a bankruptcy proceeding of a tenant/debtor who elects to assume and assign its ...
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Four Principles to Consider When Choosing an Exit Financing Lender
Receive our free GE Lending Views Newsletter reflecting current thought leadership on trends, timely issues, and White Papers with "Deal Detail" case studies in Commercial Lending at GE in cooperation with the Wharton School and also receive: As ...
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Frequently Asked Questions About: Bankruptcy
Unlike the image of bankruptcy from the 1920's, the current system is not designed to take everything away from you. You will not be living on the street wearing a barrel. Under current Federal law, an individual is allowed to keep at least ...
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Frequently Asked Questions Re: Bankruptcy.
It depends. A Chapter 7 is not for everyone. If you have too much equity in your home, car or other property, there is a possibility that the appointed trustee will want to sell that asset. In this situation, a Chapter 13 bankruptcy is a better ...
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FTC Staff Opinion Letter: Fair Credit Reporting Act Section 603(d)(1)(A)
Division of Financial Practices October 27, 1998 The Reverend John C. Tabler 30 Bannington Drive Upper Marlboro, Maryland 20774 Section 603(d)(1)(A) of the Fair Credit Reporting ActDear Reverend Tabler: This letter responds to your letter of June ...
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