Remove 2019 11
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How can bankruptcy help struggling restaurants?

Albuquerque Law

It is common – even today – to hear or see stories in the news about how restaurants had to close their doors after filing bankruptcy. While filing Chapter 7 bankruptcy often does lead restaurant owners to liquidate their assets and close their business, there are other options aside from Chapter 7 that can help.

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How can bankruptcy help struggling restaurants?

Albuquerque Law

It is common – even today – to hear or see stories in the news about how restaurants had to close their doors after filing bankruptcy. While filing Chapter 7 bankruptcy often does lead restaurant owners to liquidate their assets and close their business, there are other options aside from Chapter 7 that can help.

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Bankruptcy Means Test Median Income by State – After November 1, 2019

Debt Free Colorado

Updated 11/21/2019. Your household income is an important element in determining whether you are eligible for a Chapter 7 Bankruptcy and calculating the payment amount and duration of a Chapter 13 Bankruptcy repayment plan. Virgin Islands. Add $9,000 for each individual in excess of 4.

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Appeals Court Rules That a Discharge Injunction Bars a Fraudulent Transfer Claim Based on a Non-Dischargeable Debt

PBWT

A discharge of debt in bankruptcy “operates as an injunction against the commencement or continuation of an action, the employment of process, or an act, to collect, recover or offset any such debt as a personal liability of the debtor.” ” 11 U.S.C. § See 11 U.S.C. § § 524(a)(2).

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How Businesses Use Corporate Debt Restructuring for Liquidity

Debt RR

Businesses that file for Chapter 11 bankruptcy have all of their affairs (debts, assets, or otherwise) reorganized by a judge. It’s a last-ditch effort to avoid a Chapter 7 liquidation bankruptcy. Retailers Gymboree, Charlotte Russe, Payless, Roberto Cavalli, and Diesel filed Chapter 7 bankruptcies in 2019.

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The Four Factors Courts Analyze When Considering a Stay Pending Appeal

ABI

This case arose in connection with two proceedings: a divorce proceeding (the “Matrimonial Action”) in state court and a bankruptcy proceeding in federal court. [4] 5] Five years later, the Debtor commenced a voluntary chapter 7 bankruptcy proceeding. [6] at *2–*3 (citing In re Brown, 2020 WL 1237935, at *6–*7).

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