Bankruptcy Blogs

On October 20, 2010, Emivest Aerospace Corporation ("Emivest") filed a petition for bankruptcy in the United States Bankruptcy Court for the District of Delaware.  Emivest manufactures the SJ30 business jet, which according to the company is "the world's fastest, highest flying and longest range, light business jet."  See Debtors' Declaration in Support of Chapter 11 Petition and First Day Pleadings at p.

Some things are inevitable. If an error can be made, it will be. Take for example, when filing for bankruptcy, the requirement of both credit counseling and debtor education. There is a particular sequence or order in which those requirements must be satisfied. Further, there is a proper timing for each requirement.