The absolute priority rule describes the basic order of payment in corporate bankruptcy:'secured creditors get paid first, unsecured creditors get paid next, and only then …
Abstract The US Bankruptcy Code is the primary source of bankruptcy relief for debtors in the United States. But it is not the only source. Over the years, Congress has occasionally …
Outside of bankruptcy, a board of directors' decision to take control rights away from existing shareholders and grant them to another is subject to heightenedfiduciary duties. As the sale …
Many healthcare providers are experiencing financial distress, and if the predicted wave of healthcare bankruptcies materializes, the entire US economy could suffer. Unfortunately …
JM Moringiello - Campbell L. Rev., 2015 - HeinOnline
Because so few municipalities have ever filed for bankruptcy, the Chapter 9 confirmation standards have not benefitted from extensive judicial scrutiny. The standards are particularly …
Many institutions of higher education are struggling financially and would benefit from the use of bankruptcy reorganization tools designed to enable strug-gling enterprises to restore …
Unfunded pension obligations are the major story in municipal financial distress, as cities struggle to meet their pension obligations while still meeting their other debt obligations …
" As a pastor, God trusts you with the spiritual guidance of His people and the handling of His money."-Dave RamseyI Why would a church, synagogue, or religious school seek to …
Native American tribes and tribal businesses play an important role in US commerce, but many of these entities are effectively prohibited from filing for bankruptcy relief when …