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Small Business Cases

May 15, 2015

| Bankruptcy, Business Law, Business Law Bankruptcy, Chapter 11

Chapter 11 Small Business A small business case is a chapter 11 proceeding filed by a person engages in business activities other than owning or operating real property that has liquidated debts as of the filing date of not more than $2,490,925 as of February of 2015 and in which the United States Trustee has…

Claims & Interest Absolute Priority Rule New Value Exception

April 21, 2015

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| Bankruptcy, Chapter 11

CLAIMS AND INTERESTS Claims and interests are classified in order to allow treatment which recognizes differences in the rights of creditors and to treat these according to the facts of the case. Similar claims and interests are given similar nondiscriminatory treatment which follows sound business reasoning. However, some discrimination is permitted if it is based…

Not All Corporations Are Business Corporations

April 15, 2015

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| Business Formations, Business Law

Business corporations control the largest proportion of the wealth and business of our country. Originally called societies, corporate personality was recognized as far back as 1754 B.C. in the law of the Babylonian Empire, four thousand years ago, as well as by the Roman law. Modern corporations have 6 distinct characteristics. They are: (1) It…