Can you open a bank account if filing chapter 11 bankruptcy? If so where?
I have a client seeming to be in a pinch, filing chapter 11 Bankruptcy and the debtor is requesting all account and policies to be reissue with the US attorneys office listed, once the client notified the bank they shut her down. she has to show proof of the changes but without a bank account she cannot initiate the down payments etc. most of the companies do not accept money orders due to a monthly draft needed to be set up. What could she do? Is there a bank that’ll take her?
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Categories: personal bankruptcy Tags: chapter 11 bankruptcy, debtor, down payments, filing chapter 11, filing chapter 11 bankruptcy, money orders, proof, us attorneys office
Since amp'd mobile is filing a chapter 11 bankruptcy do I still owe them the money they say I owe?
Amp’d mobile is going out of business on a chapter 11 bankruptcy and I got a bill I feel is wrong and I was wondering if I still owe them that money.
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Categories: personal bankruptcy Tags: amp, chapter 11 bankruptcy, going out of business, money
My home builder filed for Chapter 11, what does that mean for me?
I was getting ready to have a home built by Gemcraft Homes but I just found out that they filed for chapter 11 bankruptcy. Should I proceed in building my home at the negotiated cost or find a new builder?
Will this hurt the value of the neighborhood?
Also does this mean that I will get less quality if I choose to have them still build my home?
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Categories: personal bankruptcy Tags: chapter 11 bankruptcy, gemcraft homes, neighborhood
What happens to stock value if GM goes Chapter 11?
Let’s say I buy 100 shares of GM common stock today at say .75 per share.
Then, say in January, GM declares chapter 11 bankruptcy.
What happens to my shares of common stock? Do they become worthless? Do they survive somehow?
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Categories: personal bankruptcy Tags: chapter 11 bankruptcy, common stock, gm, stock today
What public companies are going into chapter 11?
What publicly traded American companies are going into or might be going into chapter 11 bankruptcy soon?
nobody really answered my question. gm is an obvious one, and other people gave bs explanations that i already knew, even though i asked for specific companies.
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Categories: personal bankruptcy Tags: chapter 11 bankruptcy, explanations, gm, specific companies
What are some consequences for filing Chapter 11 Bankruptcy?
Taking an economics class and was wondering what the consequences for a company that files chapter 11 Bankruptcy might be? What does it do exactly in a general sense?
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Categories: personal bankruptcy Tags: chapter 11 bankruptcy, consequences, economics
Can a transfer be deemed fraudulent if a third party transfered the debtors assets before a ch.11 bankruptcy?
I’m referring to Fraudulent Conveyance under chapter 11 bankruptcy law in the event that a third party (someone other than the debtor) transferred assets owned by the debtor within 1 year of the bankruptcy filing.
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Categories: information on bankruptcy Tags: assets, bankruptcy filing, chapter 11 bankruptcy, chapter 11 bankruptcy law, fraudulent conveyance, third party
Company in Chapter 11, what are my obligations to the non compete agreement?
I quit my job when my company filed for chapter 11 bankruptcy. I have a "non compete" agreement in my contract but in light of the recent change what is my obligation? I am bound to this agreement for 5 years, that seems like longer than the norm. Can I contest this or am I stuck with what I signed for?
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Categories: personal bankruptcy Tags: chapter 11 bankruptcy, job, norm, obligation
Why does filing for Chapter 11 bankruptcy help to facilitate the sale of a company?
I have noticed that some companies, when they have an offer to be purchased by another company, will voluntarily file for Chapter 11 bankruptcy in order to "facilitate the sale" of the company. Why would they do this? How does this help to "facilitate the sale"? It also seems that by filing for chapter 11, it opens the company up to open bidding. Wouldn’t this make the sale to the company with the original offer more complicated?
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Categories: personal bankruptcy Tags: chapter 11 bankruptcy