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05/03/2012
U.S. and State of Ohio Reach $5.5 Million Settlement for Damages from Hazardous Releases in Lower Ashtabula River and Harbor
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05/03/2012
Federal Court Shuts Down Texas Tax Return Preparer
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05/03/2012
Hyosung Corporation Executive Agrees to Plead Guilty to Obstruction of Justice for Submitting False Documents in an ATM Merger Investigation
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05/03/2012
UN highlights role of press freedom as catalyst for social and political change
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05/01/2012
President of Costa Rican Company Convicted in Half a Billion Dollar Fraud Scheme with Thousands of Victims Worldwide
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05/01/2012
Arizona Man Sentenced to Seven Years in Prison for Participating in International Child Pornography Ring
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05/01/2012
National Express and Petermann to Sell Off School Bus Contracts in Texas and Washington to Resolve Antitrust Concerns
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05/01/2012
Justice Department Reaches Settlement with Nations Largest Mortgage Insurance Provider to Resolve Allegations of Discrimination Against Women on Maternity Leave
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05/01/2012
Hitachi-LG Data Storage Inc. Executive Agrees to Plead Guilty for Participating in Bid-Rigging Conspiracies Involving Optical Disk Drives
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05/01/2012
Suspect Arrested in Robbery of US Bank Branch in Rockwood
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FAQ / How are reorganizations or liquidations accomplished under chapter 11?

Reorganizations are accomplished by a plan of reorganization that is voted on and approved by creditors and/or shareholders and then confirmed by the bankruptcy court, all in accordance with various procedures outlined in the Bankruptcy Code. Liquidations in chapter 11 may be accomplished in the same manner, although in some cases liquidations are accomplished by court authorized sales of assets by the debtor prior to, or without ever, confirming a plan. However, the practice of liquidating through a series of assets sales alone is not favoured by some courts since it is often seen as an effort to circumvent the more rigorous requirements of the plan confirmation process.

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