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Orange County
Bankruptcy Law Blog
Chapter 11 Court To Determine Fate Of The Grand Canyon Skywalk
One of the most exciting parts of visiting the Grand Canyon was opened to the public only five years ago. The Grand Canyon Skywalk, which opened in 2007, is a fantastic, U-shaped walkway that allows visitors to walk directly out [...]
Survey: No Increase In Big Chapter 11 Bankruptcies Likely In 2013
Corporate restructuring professionals — who provide non-legal services in corporate restructuring, turnaround management, and bankruptcy reorganization to mid- and large-size companies — can be an amusing and optimistic bunch. A survey of about 100 restructuring professionals was just released, checking [...]
Avoiding Judicial Liens In Bankruptcy
A Chapter 7, 11 or 13 Debtor may avoid a judicial lien recorded against their real property that impairs the exemption on the property. There is no statute of limitations on filing a motion to avoid this judicial lien. Thus [...]
Benefits Of Bankruptcy
The following are the main advantages to filing a Bankruptcy: 1. Discharge of Debts. No matter what chapter of the Bankruptcy Code a debtor may file under, the goal would be to obtain a discharge. A discharge makes some of the debtors [...]
Chapter 11 Bankruptcy — Who Is Eligible?
Under Chapter 11 Bankruptcy, a debtor continues his business operations while at the same time reorganizing its financial affairs. Any person or entity eligible to file a chapter 7 Bankruptcy would also be eligible to file a chapter 11. This includes individuals, partnerships [...]
Strategies For Reorganization In A Chapter 11 Bankruptcy
Under a Chapter 11 Bankruptcy a corporate (or individual) debtor can restructure its business operations, continue to operate a business and reorganize its financial affairs. The reorganizations process is achieved by filing a plan and disclosure statement and getting them confirmed through [...]