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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Reclamation: An Effective Remedy when dealing With Financially Troubled Companies
FACT SCENARIO: You are a major manufacturer of office furniture and sales are at an all time high. Your biggest customer has continued to purchase its inventory from you, but payments have become less punctual. You recently learned that the customer ...
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Reorganization Under The Bankruptcy Code Chapter 11
A case filed under chapter 11 of the United States Bankruptcy Code is frequently referred to as a "reorganization" bankruptcy. BackgroundAn individual may file under chapter 11; however, the provisions of chapter 11 are generally used to reorganize ...
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Retirement Plans in Your Estate Plan
For many people a large part of their estate is their Retirement Plan, whether it is a qualified plan or an individual retirement account (IRA) or both. The retirement plans and accounts benefit their owners because income taxes are deferred and ...
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Revisions to the Bankruptcy Code Imminent
On May 5, 1999, the House of Representatives approved legislation entitled H.R. 833, which, if approved by the Senate and the President, will become known as the Bankruptcy Reform Act of 1999. If enacted, this legislation will significantly expand ...
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Safety of Retirement Funds from the Reach of Creditors in Maryland
The United States Congress created retirement savings and pension funds with the intent of preserving and encouraging savings. Given the generally low savings rate in this country, funds held in qualified retirement plans are often a person's ...
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Sales Of Real Estate and Other Property of Bankruptcy Estates under the Revised Local Bankruptcy Rules of the U.S. Bankruptcy Court For the Eastern District of Michigan
The Local Bankruptcy Rules governing practice before the United States Bankruptcy Court for the Eastern District of Michigan were recently revised and modified by the court. The new local rules became effective on October 1, 1998. One of the rules ...
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Sarbanes-Oxley Act of 2002: What You Need to Know Now
On Tuesday, July 30, 2002, President Bush signed into law the , one of the most sweeping revisions of the federal securities laws in the last 60 years. Sarbanes-Oxley creates a significant, new oversight and regulatory regime over the public ...
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Sarbanes-Oxley Update: SEC Issues Final Rules Prohibiting Improper Influence on Auditors
The Securities and Exchange Commission has issued final rules prohibiting corporate directors and officers (and those acting under their direction) from exercising improper influence on auditors as required by Section 303(a) of the Sarbanes-Oxley ...
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Sarbanes-Oxley Update: SEC Mandates Management Report on Internal Controls and Modifies Officer Certification Requirements
The Securities and Exchange Commission has adopted final rules requiring reporting companies annually to provide a report on internal controls prepared by their management and attested to by their independent auditors and quarterly to disclose any ...
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SEC Expands and Accelerates Form 8-K Reporting
The Securities and Exchange Commission has amended Form 8-K to expand the number of items reportable and shorten the deadline for filing. These amendments, although originally proposed prior to adoption of the Sarbanes-Oxley Act of 2002, are ...
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