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Pilot Search - Scott Morehouse/NY
11/10/2008 7:45:15 AM (3125 views)

Pro Docs, Inc. - Edward Huguenin/SC
11/9/2008 9:27:12 AM (4274 views)
Re: Pro Docs, Inc. - Robin Ramberg/MI
11/10/2008 10:23:11 AM (5011 views)
Re: Pro Docs, Inc. - Edward Huguenin/SC
11/10/2008 1:08:48 PM (5172 views)
Re: Pro Docs, Inc. - Russ  Kern/GA
11/10/2008 2:40:27 PM (4822 views)
Re: Pro Docs, Inc. - Edward Huguenin/SC
11/10/2008 4:04:22 PM (4943 views)

AbstractorLeads.com - James "Lin" Toney/MS
11/8/2008 8:20:44 PM (4266 views)
Re: AbstractorLeads.com - Brad Bradbury/PA
11/9/2008 12:26:44 AM (5271 views)
Re: AbstractorLeads.com - James "Lin" Toney/MS
11/9/2008 4:26:36 PM (5059 views)
Re: AbstractorLeads.com - Marian Littleton/VA
11/10/2008 1:34:49 PM (4789 views)
Re: AbstractorLeads.com - Vikki Moffitt/GA
11/10/2008 6:49:59 AM (5010 views)
Re: AbstractorLeads.com - James "Lin" Toney/MS
11/10/2008 8:00:51 AM (4878 views)
Re: AbstractorLeads.com - Scott Perry/PA
11/10/2008 12:13:28 PM (4903 views)
Re: AbstractorLeads.com - Erin Carraway/NY
11/12/2008 9:44:58 PM (4923 views)
Re: AbstractorLeads.com - James "Lin" Toney/MS
11/16/2008 6:40:42 PM (4657 views)
Re: AbstractorLeads.com - george Hubka/MI
11/18/2008 6:25:16 AM (4716 views)

ISGN Company? - Susan/IL
11/7/2008 5:57:29 PM (4132 views)
Re: ISGN Company? - Ken Marks/TX
11/17/2008 10:24:47 AM (4665 views)

Archer Land Title - SM/WI
11/7/2008 8:41:12 AM (4424 views)
Re: Archer Land Title - Jessica Talley/NJ
11/7/2008 10:22:46 AM (5262 views)
Re: Archer Land Title - Barbara Bennett/IN
11/7/2008 12:09:33 PM (7346 views)
Re: Archer Land Title - Jamie Stallings/TN
11/10/2008 1:14:08 AM (5499 views)
Re: Archer Land Title - Michelle Turner/OH
11/12/2008 10:22:58 AM (5150 views)
Re: Archer Land Title - Judy McKovich/MO
11/13/2008 12:06:23 PM (5144 views)
Re: Archer Land Title - SM/WI
11/13/2008 3:02:09 PM (5158 views)
Re: Archer Land Title - Robert Franco/OH
11/13/2008 6:47:35 PM (5292 views)
Re: Archer Land Title - Ron McPherson/IA
11/10/2008 2:50:18 AM (5122 views)
Re: Archer Land Title - SM/WI
11/10/2008 8:34:27 AM (5339 views)
Re: Archer Land Title - Robert Goral/PA
11/10/2008 9:57:08 AM (5118 views)
Re: Archer Land Title - SM/WI
11/10/2008 2:49:41 PM (5049 views)
Re: Archer Land Title - Mary Louise Mamary/PA
11/12/2008 10:25:36 AM (4996 views)
Re: Archer Land Title - Jessica Talley/NJ
11/14/2008 6:16:53 AM (5212 views)
Re: Archer Land Title - SM/WI
11/14/2008 8:58:23 AM (4985 views)
Re: Archer Land Title - SM/WI
11/14/2008 9:01:00 AM (5034 views)
Re: Archer Land Title - Dave Pell/GA
11/14/2008 1:21:00 PM (4956 views)

In general terms, Chapter 7 is a discharge of debts. In most Ch. 7 cases, debts exceed assets. However, there still may be assets. The bankruptcy trustee liquidates the assets, and distributes the proceeds to creditors according to a system of priority and amount. Secured debt normally come first, according to the assets that secured them. Normally, unsecured creditors with relatively small balances owed to them end up with little or nothing. In most cases, the company ceases operation immediately or shortly upon filing, although large companies may sell off divisions which continue separately, or under another owner.

 

Chapter 11 is a reorganization, where the trustee works with creditors to allow for the company to exist as a going concern. Loans may be restructured, and some debts and payables may be reduced or eliminated. Senior creditors usually need to agree to this process, and work cooperatively within it. The company continues to operate, with the intention of emerging from the process as a viable profitable entity. The advantage to creditors is that if the company does survive, they may get more than if the company was simply liquidated in a 7.

 

In either case, the trustee works to ensure that the assets produce maximum value or return, and that creditors are amortized in the correct order under the law.

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Re: Archer Land Title - Melinda Barcum, J.D./AL
11/17/2008 9:25:39 AM (4743 views)
Re: Archer Land Title - Ron McPherson/IA
11/17/2008 8:41:32 PM (4832 views)
Re: Archer Land Title - Barbara Tomlinson/FL
3/28/2009 9:09:32 AM (4766 views)
Re: Archer Land Title - Barbara Tomlinson/FL
3/28/2009 9:13:15 AM (4938 views)
Re: Archer Land Title - Robert Goral/PA
11/24/2008 2:46:40 PM (4809 views)
Re: Archer Land Title - Stas Rusek/GA
11/24/2008 11:29:10 PM (4888 views)




Safeguard Property - no name/MO
11/6/2008 11:50:04 AM (3053 views)

www.mytitleexam.com - Rich Martin/ME
11/6/2008 8:01:16 AM (3906 views)
Re: www.mytitleexam.com - Louise Jackson/SC
11/7/2008 6:43:30 PM (5205 views)
Re: www.mytitleexam.com - Edward Huguenin/SC
11/8/2008 1:30:07 PM (5137 views)

Abstractors - LET YOUR VOICE BE HEARD! - Larry Crooks/OH
11/5/2008 9:11:25 AM (3759 views)
Re: Abstractors - LET YOUR VOICE BE HEARD! - Scott Perry/PA
11/5/2008 1:55:53 PM (5089 views)
REPOSTING LINK - Larry Crooks/OH
11/5/2008 2:54:32 PM (7536 views)

Mid-Atlantic Title Closed - Kenneth Signor/SC
11/5/2008 7:20:33 AM (4026 views)
Re: Mid-Atlantic Title Closed - Marian Littleton/VA
11/7/2008 10:39:19 AM (5100 views)

Fiserve - patricia kennedy/KY
11/4/2008 6:09:14 PM (3966 views)
Re: Fiserve - Jean Allen/NC
11/4/2008 6:13:19 PM (5438 views)
Re: Fiserve - Anita Backlund/MN
11/4/2008 6:37:04 PM (5353 views)
Re: Fiserve - patricia kennedy/KY
11/4/2008 8:45:31 PM (5275 views)
Re: Fiserve - Anita Backlund/MN
11/5/2008 11:43:41 AM (5328 views)
Re: Fiserve - patricia kennedy/KY
11/6/2008 8:42:25 AM (5235 views)

Where is Everybody? - Deborah Manion/VA
11/4/2008 10:34:17 AM (3861 views)
Re: Where is Everybody? - Scott Perry/PA
11/4/2008 11:16:48 AM (5253 views)
Re: Where is Everybody? - Kurt deVries/FL
11/4/2008 11:54:37 AM (5180 views)
Re: Where is Everybody? - Scott Perry/PA
11/4/2008 3:12:01 PM (5121 views)
Re: Where is Everybody? - michael quinn/NY
11/4/2008 1:23:47 PM (5121 views)
Re: Where is Everybody? - Robert Franco/OH
11/4/2008 12:20:21 PM (4999 views)
Re: Where is Everybody? - Anita Backlund/MN
11/4/2008 1:12:29 PM (5113 views)
Re: Where is Everybody? - Robert Breakell/CT
11/4/2008 4:02:16 PM (5100 views)
Re: Where is Everybody? - Thomas Conrad/PA
11/4/2008 4:38:29 PM (5125 views)
Re: Where is Everybody? - Jean Allen/NC
11/4/2008 6:10:01 PM (5011 views)

Hope for Homeowners - Luana Lonergan/VA
11/3/2008 8:40:26 AM (3777 views)
Re: Hope for Homeowners - Janis Talbot/SC
11/6/2008 6:40:15 PM (5041 views)
Re: Hope for Homeowners - Luana Lonergan/VA
11/10/2008 8:34:42 AM (4878 views)

Got my Bankruptcy notice on LFC - Glenda Hodge/TN
11/3/2008 12:37:04 AM (4159 views)
Re: Got my Bankruptcy notice on LFC - george Hubka/MI
11/3/2008 7:25:17 AM (5470 views)
Re: Got my Bankruptcy notice on LFC - Kevin Ahern/CT
11/3/2008 7:52:45 AM (5559 views)
Re: Got my Bankruptcy notice on LFC - Jodi Thornton/MS
11/3/2008 10:19:40 AM (5303 views)
Re: Got my Bankruptcy notice on LFC - Kenneth Signor/SC
11/4/2008 7:50:07 PM (5248 views)
Re: Got my Bankruptcy notice on LFC - Marian Littleton/VA
11/7/2008 10:41:04 AM (5093 views)

OnTitle.com - Edward Huguenin/SC
11/2/2008 8:05:19 PM (4294 views)
Re: OnTitle.com - Edward Huguenin/SC
11/3/2008 12:49:51 PM (5485 views)
Re: OnTitle.com - . APS/NY
11/13/2008 8:26:48 PM (5197 views)
Re: OnTitle.com - Angelica DelliCarpini/IN
11/14/2008 5:12:47 PM (5239 views)

Outrage or Chuckle - David Bloys/TX
11/2/2008 7:41:55 PM (5313 views)
Re: Outrage or Chuckle - Patrick Scott/IL
11/3/2008 12:35:50 AM (5371 views)
Re: Outrage or Chuckle - Robert Breakell/CT
11/3/2008 2:50:29 PM (5258 views)


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