From October 1, 2003, to September 30, 2004, bankruptcies
could increase pressure on Continental, American.
There is a burgeoning effort by asbestos plaintiffs' counsel to induce companies to create prepackaged bankruptcies
, often extracting extra fees for facilitating a settlement.
Despite the large bankruptcies
seen in bubble companies, golf and resort businesses, there were no mega-bankruptcies
with over 500 billion Japanese yen [in] liabilities," Teikoku noted.
Expanding the registrar's jurisdiction makes more time available for the bankruptcy judges to deal with the larger commercial bankruptcies
and insolvency estates.
Some of the abuses perpetrated in bankruptcies
don't encourage lenders to make loans.
Despite this finding, they suggested changes in a number of areas, including partnership bankruptcy, mass tort damage claims, transnational bankruptcy and small business bankruptcies
Indeed, the total number of bankruptcies
was 252,733 compared with 230,723 for the same period last year.
According to Karasik, the increase in bankruptcies
is not a direct result of the present economy, but a result of the economy of last year and the year before.
Fitch's rating analysis for dealer floorplan ABS incorporates stresses of MPR, default rates, recovery rates and lags, and purchase rates, among others to simulate the bankruptcies
of the manufacturer, the finance company and multiple dealers.
With consumer bankruptcies
soaring, federal law should be changed to channel more filers into debt-repayment programs, according to a draft proposal from a government advisory board.
In chapter 7 bankruptcies
, liens survive intact and are not affected by the bankruptcy process.
Michael Lehman, a partner with Lehman & Alter, a Livingston, New Jersey firm which handles many real estate bankruptcies
, said Chapter 11 is designed for someone who has significant assets such as a large cash portfolio or stocks and bonds.
Brown Rudnick is involved in other ephedra-related mass tort bankruptcies
, in which the firm represents official committees.
Olander's experience is a flesh-and-blood profile of the forces that have produced an explosion of personal bankruptcies
in the United States.