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Now I want to talk about a couple of terms that exist in Chapter 11 cases. I am sure people have heard the term “cramdown”, but in my experience the word cramdown gets misused,
Part 4 – Liquidation
Then we have the Chapter 11 liquidation planning, which is a variation on a Chapter 7 liquidation. In Chapter 11 the business or investment situation can be kept intact and active while a buyer or other transitional situation is lined up to maximize what can be received and paid to the creditors.
Part 3 – Healthcare Cases
Another kind of Chapter 11 case that we are seeing a lot in recent years are health care cases.
Part 2 – Single Asset Real Estate
The next kind of Chapter 11 case is called a Single Asset Real Estate case,
There is much to know about Chapter 11 bankruptcies, and I can cover a good deal of this in a way that should be very useful for business and estate planning lawyer.
Too frequently cash strapped businesses find it necessary to make payments when they have no funds to do so.
The U.S. Bankruptcy Court in Tampa has approved the sale of $75 million in property belonging to the Madonia family and its primary business, East Coast Brokers and Packers Inc,
Brasota Mortgage receiver Gerard McHale brings to his work a wealth of experience solving scams.
There are statutory as well as general duties a Trustee is obligated to fulfill once appointed to a case by the US Trustee’s Office. Remembering a case under Chapter 11 is a “reorganization”,