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02/09/2012
Former Owner of Illinois Technology Company Sentenced to Serve 30 Months in Prison for Role in Multi-State Scheme to Defraud Federal E-Rate Program
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02/09/2012
Food Storage and Processing Facility in Washington State Agrees to Resolve Seizure Action
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02/09/2012
Federal Government and State Attorneys General Reach $25 Billion Agreement with Five Largest Mortgage Servicers to Address Mortgage Loan Servicing and Foreclosure Abuses
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02/09/2012
Justice Department Dismisses Antitrust Lawsuit Against Deutsche Borse and NYSE Euronext
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02/09/2012
Libya: UN welcomes adoption of electoral laws
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02/09/2012
UN wraps up year of forests by highlighting their social and economic value
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02/09/2012
Wave of prison deaths in South America sparks alarm from UN human rights office
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02/09/2012
Rap artist 50 Cent visits Horn of Africa with UN food relief agency
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02/09/2012
UN official urges Syria to immediately end violations against children
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02/08/2012
U.S. and Chinese Defendants Charged with Economic Espionage and Theft of Trade Secrets in Connection with Conspiracy to Sell Trade Secrets to Chinese Companies
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FAQ / Under what types of circumstances will chapter 11 be appropriate?

Chapter 11 bankruptcy cases are appropriate for debtors that own essentially viable businesses or valuable assets in need of preservation. Companies file for protection under chapter 11 of the Bankruptcy Code for a variety of reasons but, as a general matter, chapter 11 is most useful in cases where the debtor is experiencing severe cash flow shortages, has incurred oppressive liabilities or entered into burdensome contracts, or where the automatic stay is needed to stop debilitating litigation or large scale collection actions. Chapter 11 cases may involve a true reorganization pursuant to which the debtor attempts shed burdensome obligations and/or deleverage its capital structure, or a liquidation in which the debtor attempts to sell it business as a going concern in a more controlled setting than would otherwise be available in chapter 7 or outside of bankruptcy

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