The website also offers accessible explanations of the Title 11 or the Bankruptcy
Code, a resource previously limited to bankruptcy
Northwest Airlines asked the US Bankruptcy
Court for an extension of its period to exclusively file its reorganization plan to Jan.
Some think that bankruptcy
is a solution to a company's problems.
403(b) should be excluded from a bankruptcy
estate by Section 541(c)(2).
BAPCPA took a fair amount of discretion out of the bankruptcy
court system in this regard.
fliers must now surrender tax returns, earning projections, and full acknowledgement of assets within both retirement and educational accounts.
CPAs CAN HELP CLIENTS COPE with bankruptcy
in a number of ways.
Further, tax return information now can have a greater impact on future payments that are required by a debtor who files for bankruptcy
protection, as it will be used to evaluate future income and expenses.
Illinois has the fifth-highest estimated number of such cases in the nation, with 40,168 medical-related cases out of 79,777 bankruptcy
filings in 2004.
An asbestos bankruptcy
typically spawns a feeding frenzy of new claims because of the collision of two laws, Section 524(g) of the Bankruptcy
Code and the law of unintended consequences, often felt acutely by insurers.
In 2001, 150,000 people under 25 filed for bankruptcy
, a 150 percent increase over 1991.
America could use a competent history of bankruptcy
law right now because the excesses of the past two decades are about to bring us a new round of debtors seeking refuge from their creditors, some desperate and some manipulative.
Canada's present Bankruptcy
and Insolvency Act (BIA) came into effect on July 1, 1950, with amendments in 1992 and 1997.
Surveys throughout the late 1990s reported that as many as 10 percent of all nursing homes nationwide were in bankruptcy
filings by Los Angeles-area residents hoping to eliminate their mounting debts and start over again have soared in recent months, as much due to the prospect of tougher laws as the weak economy.