Chapter 7 bankruptcy, which gets rid of most debts, allows for an automatic stay.
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Gibson filed for Chapter 7 bankruptcy protection, and Eastern filed for Chapter 11 in early December.
The corporations in that list who are going through a Chapter 7 bankruptcy are being liquidated.
The company filed for Chapter 7 bankruptcy protection in early 2009, weeks after the outbreak began.
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In order to prevent abuse, Chapter 7 bankruptcies are only available to those consumers in dire situations.
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Just two years later, the studio filed for Chapter 7, leaving the state's taxpayers holding the tab.
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Its purpose, ostensibly, will be to enforce a ceasefire pursuant to a new Chapter 7 Security Council resolution.
Most importantly, Disabled Man does not want to do a chapter 7 bankruptcy.
The company, 38 Studios, filed for Chapter 7 bankruptcy in U.S. Bankruptcy Court for the District of Delaware on Thursday.
Chapter 7 tells the story of a Chinese Internet entrepreneur who started an e-commerce company that defeated eBay in China.
Had that not succeeded, the company could have liquidated under Chapter 7.
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The involuntary Chapter 7 Petition was filed in the District of Nevada.
Builder then sued both Owner and the SMLLC in Maryland state court for money owed, and the SMLLC filed for Chapter 7 bankruptcy.
In considering filing a chapter 7 bankruptcy case, consumer debtors should proceed cautiously, and only upon the advice of competent, fully informed counsel.
Moreover, many an entrepreneur has filed for a Chapter 7 "fresh start" personal bankruptcy after personally guaranteeing loans for a can't-miss venture that did.
In fact, consumers who end up in bankruptcy work with the Chapter 7 that works for them, hopefully based on discussions with a qualified attorney.
On May 7, 2003 the bankruptcy was converted to Chapter 7.
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He could do a chapter 7 bankruptcy to discharge the guaranties.
But the more honorable course of action is usually Chapter 7.
As Nortel was in bankruptcy (proper bankruptcy, equivalent to US Chapter 7 such) there was no possibility of using any previous tax losses in the same way.
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The law applied a "means test" to determine whether a person qualifies for Chapter 7 bankruptcy, which erases debts, or Chapter 13, which establishes a payment system.
In a Chapter 7 you forfeit all your "nonexempt" property and then get to walk away from most of your unsecured debts, including liability judgments resulting from negligence.
Those of us in the trenches recognize that Chapter 7 and Chapter 13 relief, while flawed, usually do provide needed relief to beleaguered debtors who literally have no other options.
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To qualify for immediate discharge in a chapter 7 bankruptcy case, the taxpayer must prove that he is unable to make periodic payments on his debts in a chapter 13 bankruptcy case.
To be wiped out in a Chapter 7 bankruptcy, federal tax liabilities must relate to a return due at least three years and filed at least two years before the bankruptcy filing.
Fabius is urging Russia to authorize the use of force in Syria under Chapter 7 of the Charter of the United Nations, which allows for action to stop the escalation of targeted violence.
In the first quarter of this year WTP says it handled 14% of the 16, 650 Chapter 7 bankruptcies filed in California's central district (including its home in Santa Barbara)--the nation's highest-volume bankruptcy district.
Company was focused on a combo pill of Plavix with Prilosec, and never finished its Phase 3 COGENT trial (got 3800 of 5000 patients) before running out of money and declaring Chapter 7 in 2009.
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