Chapter 7 bankruptcy - Hutchinson encyclopedia article about Chapter 7 bankruptcy Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
1,740,934,333 visitors served.
forum mailing list For webmasters
?
New: Language forums
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Chapter 7 bankruptcy

   Also found in: Wikipedia 0.01 sec.

Chapter 7 bankruptcy

Provision of US federal bankruptcy legislation where a trustee is appointed to run a company in financial difficulties, to prevent further losses. Unlike Chapter 11 bankruptcy, the debtor does not retain control of the company. Chapter 7 deals with companies that can no longer reasonably be expected to trade viably. Before a company is liquidated under the provisions of Chapter 7, it will normally file for protection from creditors under Chapter 11.



How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
 Email
Feedback
?Sign in SSL protected
Email:
Password:
Register

? Mentioned in ? References in periodicals archive
 
Under the old bankruptcy law, the state determined the personal property debtors were allowed to keep with Chapter 7 bankruptcy provided they'd maintained residency for at least three months.
Bankruptcy bureaucracy: with the new law in effect, here's what you ... by Black Enterprise
According to court records, Handal filed for Chapter 7 bankruptcy in 1991.
Chamber chapter by Brown, Rachel / Los Angeles Business Journal
Now under Chapter 7 bankruptcy protection, Granada Hills has about $968,000 in cash and more than $7 million in outstanding bills.
HOSPITAL FUNDS' RETURN ORDERED by Daily News (Los Angeles, CA)
More results
 
Hutchinson browser? ? Full browser
 
 
Hutchinson Encyclopedia
?

Disclaimer | Privacy policy | Feedback | Copyright © 2009 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.