reorganization in bankruptcy
41pre-packaged bankruptcy — Bankruptcy proceedings that incorporate in advance an already agreed reorganization plan …
42General Motors Chapter 11 reorganization — The General Motors Chapter 11 sale of the assets of automobile manufacturer General Motors and some of its subsidiaries was implemented through section 363 of Chapter 11, Title 11, United States Code in the United States Bankruptcy Court for the… …
43Chrysler Chapter 11 reorganization — See also: History of Chrysler, Automotive industry crisis of 2008 2009, Chrysler, and Cerberus Capital Management Chrysler LLC and twenty four of its affiliated subsidiaries filed a consolidated petition for bankruptcy on April 30, 2009,… …
44Prepackaged Bankruptcy — A plan for financial reorganization that a company prepares in cooperation with its creditors that will take effect once the company enters bankruptcy. This plan must be voted on by shareholders before the company files its petition for… …
45Referee in Bankruptcy — A Referee in Bankruptcy or Bankruptcy Referee is a federal official with quasi judicial powers, appointed by a United States district court to administer bankruptcy proceedings. The office was first created by the Bankruptcy Act of 1898, and was… …
46China bankruptcy law — The Enterprise Bankruptcy Law of the People s Republic of China (trial Implementation) was first passed in 1986. Twenty years later, the Enterprise Bankruptcy Law of the PRC was introduced on 27 August, 2006. It contains 136 articles, almost 100… …
47Quasi-Reorganization — A relatively obscure provision under U.S. GAAP which provides that under certain circumstances, a firm may eliminate a deficit in its retained earnings account by restating assets, liabilities and equity in a manner similar to a bankruptcy. A… …
48Strategic bankruptcy — A Strategic bankruptcy may occur when an otherwise solvent company makes use of the bankruptcy laws for some specific business purpose. For example, in 2002 K Mart filed chapter 11 for protection from creditors; however one of the main problems… …
49pre-packaged bankruptcy — noun To file for bankruptcy by submitting to the court a virtually complete plan designed to avoid a protracted court guided period [of reorganization and debt restructure]; a pre pack or quick bankruptcy or surgery …
50United States Bankruptcy Court — The judicial body which hears matters pertaining to bankruptcy and reorganization. Short Dictionary of (mostly American) Legal Terms and Abbreviations …
