bankruptcy assets
71Section 363 sale — or 363 sale the sale of corporate assets under Section 363 of the Bankruptcy Code. Under Section 363(f), a bankruptcy trustee or debtor in possession may sell the bankruptcy estate s assets free and clear of any interest in such property.… …
72363 sale — Section 363 sale or 363 sale the sale of corporate assets under Section 363 of the Bankruptcy Code. Under Section 363(f), a bankruptcy trustee or debtor in possession may sell the bankruptcy estate s assets free and clear of any interest in such… …
73leveraged buy out — (LBO) A transaction where a purchaser uses the assets of the corporation to be acquired (target) as collateral for the loan to buy the stock of the target. LBOs stand a significant risk of bankruptcy because, after the transaction, they have… …
74statement of financial affairs — A detailed set of questions in a prescribed form which must be filed by the debtor in each bankruptcy case. also see schedules of assets and liabilities (Bernstein s Dictionary of Bankruptcy Terminology) A series of questions the debtor must… …
75equitable subordination — the lowering of priority of a claim because the holder of the claim is found to be guilty of some kind of improper conduct (Glossary of Common Bankruptcy Terms) The action by which a court postpones payment to one creditor until others are paid.… …
76insolvent — (1) The inability to pay ones debts as they come due. (2) When one s liabilities exceed the value of one s assets. An exemption under state or federal law which protects all or a portion of the homestead (SA Bankruptcy.com) Inability of a person… …
77stalking horse — this is the name given to the party submitting the first bid to purchase assets. The stalking horse bid can be used to solicit interest from other bidders and also acts as an indicator for what will be realized on the auction floor (Glossary of… …
78asset — Anything that is owned by an individual. With respect to saving and investing, assets are generally categorized as liquid (cash) and capital (investment) assets (BANKRUPTCY DICTIONARY OF TERMS)/. A thing, chattel, resource or item or piece of… …
79assisted person — A person whose debts consist primarily of consumer debts and whose non exempt assets are less than $150,000. also see debt relief agency (Bernstein s Dictionary of Bankruptcy Terminology) Under Title 11 U.S.C. Section 101: (3) The term assisted… …
80Chapter 13 — bankruptcy proceedings for an individual with the intention of rescheduling the individual s debt (rather than liquidating the individual s assets and debt; an individual files under Chapter 7 to liquidate), Chapter 13 is referred to as… …
