Liquidation

“The plan is fair and equitable,” Glenn said, noting that it restructures more than $1.3 billion in pre-bankruptcy debt. The plan’s terms will cancel all of General Maritime’s old stock, giving nothing to holders of 121.7 million common share

The bankruptcy might give Suleman a fresh start, but the filing means that her creditors — which include a Christian school and her own father — are out of luck.  Suleman filed for Chapter 7 bankruptcy, in which a debtor’s assets are ...

Other airlines, including Delta and United have undergone reorganization to cut costs and restructure. Chapter 11 is different than Chapter 7. In a Chapter 7 bankruptcy, a company ceases all operations and assets are sold off.

$15, includes dinner. (904) 288-8500 or sanjoserotary.org. Life After Bankruptcy Workshops, Session 2: "What Can I Do Differently Now," 7 p.m. Tuesday; Session 3: "Damage Control," 7 p.m. May 15; Session 4: "Financial Resources for the Future ...

One might think the real work begins once your bankruptcy is actually filed with the bankruptcy court. However, I take the approach that if we are thorough and complete in the preparation of the bankruptcy petition, schedules and other required documents ...