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Garlock Sealing Technologies Files For Chapter 11 Protection

Garlock Sealing Technologies Files For Chapter 11 Protection

by bk711 on 07. Jun, 2010 in Chapter 11

Garlock Sealing Technologies LLC, a maker of industrial gaskets and sealing systems, filed for Chapter 11 protection Saturday in North Carolina along with two affiliates in order to get a handle on its asbestos-related personal injury claims. A wholly owned subsidiary of publicly traded industrial products maker EnPro Industries Inc. (NPO), Garlock said its primary [...]

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Thomas Kinkade firm files for bankruptcy protection

Thomas Kinkade Firm Files for Bankruptcy Protection

by bk711 on 03. Jun, 2010 in Chapter 11

The Morgan Hill manufacturing operation that reproduces the dreamlike art created by world-renowned “painter of light” Thomas Kinkade filed Wednesday for Chapter 11 bankruptcy protection to ease its real estate costs, listing nearly $6.2 million in creditors’ claims.

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Introduction to Corporate Bankruptcy

by Jeff Wellington on 19. Nov, 2009 in Bankruptcy, Chapter 11

Corporate bankruptcy is a very complicated area of law because it incorporates elements from corporate law, contract law, tax law, and even real estate law. Around 98% of all filings are from personal bankruptcy but business bankruptcy generates a lot of publicity because of its big impact on the economy. For example, in recent years, [...]

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Bankruptcy Chapter 11 Information

by Jeff Wellington on 11. Nov, 2009 in Chapter 11

Chapter 11 Bankruptcy — An individual may file under chapter 11; however, the provisions of chapter 11 are generally used to reorganize a business. Chapter 11 allows the debtor to continue its business operations by means of a plan of reorganization, which must meet certain statutory criteria. 11 U.S.C. §1129. By enacting chapter 11, Congress [...]

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