bankruptcy assets
91family fisherman — Under Title 11 U.S.C. Section 101: (19A) The term family fisherman means (A) an individual or individual and spouse engaged in a commercial fishing operation (i) whose aggregate debts do not exceed $1,500,000 and not less than 80 percent of whose …
92going-concern value — what a company is worth if sold as a continuing business, as opposed to its liquidation value (Glossary of Common Bankruptcy Terms) The value of a business based upon its continued operation as opposed to the liquidation value of its assets (SA… …
93going concern value — what a company is worth if sold as a continuing business, as opposed to its liquidation value (Glossary of Common Bankruptcy Terms) The value of a business based upon its continued operation as opposed to the liquidation value of its assets (SA… …
94insolvency — (see also bankruptcy and failure) another term used to describe a firm that is failing; generally it means that a firm s liabilities exceed its assets or that it is unable to satisfy its obligations as they come due. (Common Bankruptcy Terms)… …
95liquidation — the dissolution of a company, or individual; usually operations cease and assets are sold by auction; Chapter 7 is usually employed for liquidations, businesses or individuals (Glossary of Common Bankruptcy Terms) The sale of a debtor s… …
96anti-alienation provision — A provision found in all ERISA qualified plans which restricts transfers of plan assets and effectively prevents such plans from becoming property of the bankruptcy estate (SA Bankruptcy.com) United Glossary of Bankruptcy Terms 2012 …
97meeting of Creditors — See Section 341(a) Meeting (SA Bankruptcy.com) United Glossary of Bankruptcy Terms 2012. meeting of creditors Also known as the section 341 meeting or first meeting of creditors. This is an opportunity for the trustee and the creditors to… …
98personal property — Assets, such as cars, stock, furniture, etc., that is not real estate or affixed to real property. (Bankruptcy in Brief) Property that is not real property; things moveable, also known as chattels. (Dictionary of Canadian Bankruptcy Terms) United …
99leveraged 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… …
100leveraged buyout — (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… …
