57 relations: Administration (law), AFL–CIO, Airline, Aptiv, Automatic stay, Bankruptcy, Bankruptcy in the United States, BBC News, Business, Chapter 13, Title 11, United States Code, Chapter 7, Title 11, United States Code, Chrysler, CIT Group, CNO Financial Group, Collateral (finance), Corporation, Corporatocracy, Cram down, Creditor, Debtor in possession, Delta Air Lines, Enron, Examinership, Executory contract, General Motors, Global Crossing, Going concern, Houlihan Lokey, Insolvency, Insolvency law of Canada, Kirkland & Ellis, Land contract, Lehman Brothers, Liquidation, Listing (finance), Loan, MCI Inc., MF Global, NASDAQ, New York Stock Exchange, NYSE American, Over-the-counter (finance), Pacific Gas and Electric Company, Partnership, Penn Central Transportation Company, Refco, Seating capacity, Secured creditor, Security interest, Sole proprietorship, ..., Texaco, Title 11 of the United States Code, UAL Corporation, United States, United States Trustee Program, Washington Mutual, 722 redemption. Expand index (7 more) » « Shrink index
As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions, similar to bankruptcy in the United States.
The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) is the largest federation of unions in the United States.
An airline is a company that provides air transport services for traveling passengers and freight.
Aptiv PLC (stylised as •APTIV•, formerly known as Delphi Automotive PLC) is a global technology company headquartered in Dublin, Ireland.
In United States bankruptcy law, an automatic stay is an automatic injunction that halts actions by creditors, with certain exceptions, to collect debts from a debtor who has declared bankruptcy.
Bankruptcy is a legal status of a person or other entity that cannot repay debts to creditors.
In the United States, bankruptcy is governed by federal law.
BBC News is an operational business division of the British Broadcasting Corporation (BBC) responsible for the gathering and broadcasting of news and current affairs.
Business is the activity of making one's living or making money by producing or buying and selling products (goods and services).
Title 11 of the United States Code sets forth the statutes governing the various types of relief for bankruptcy in the United States.
Chapter 7 of the Title 11 of the United States Code (Bankruptcy Code) governs the process of liquidation under the bankruptcy laws of the United States (in contrast, Chapters 11 and 13 govern the process of reorganization of a debtor in bankruptcy).
Fiat Chrysler Automobiles US LLC (commonly known as Chrysler) is the American subsidiary of Fiat Chrysler Automobiles N.V., an Italian-American automobile manufacturer registered in the Netherlands with headquarters in London, U.K., for tax purposes.
CIT Group Inc. is a financial holding company incorporated in Delaware and headquartered in Pasadena, CA.
CNO Financial Group, Inc.
In lending agreements, collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan.
A corporation is a company or group of people or an organisation authorized to act as a single entity (legally a person) and recognized as such in law.
Corporatocracy, a portmanteau of corporate and -ocracy (form of government), short form corpocracy, is a recent term used to refer to an economic and political system controlled by corporations or corporate interests.
A cram down or cramdown is the involuntary imposition by a court of a reorganization plan over the objection of some classes of creditors.
A creditor is a party (for example, person, organization, company, or government) that has a claim on the services of a second party.
A debtor in possession in United States bankruptcy law is a person or corporation who has filed a bankruptcy petition, but remains in possession of property upon which a creditor has a lien or similar security interest.
Delta Air Lines, Inc., commonly referred to as Delta, is a major United States airline, with its headquarters and largest hub at Hartsfield–Jackson Atlanta International Airport in Atlanta, Georgia.
Enron Corporation was an American energy, commodities, and services company based in Houston, Texas.
Examinership is a process in Irish law whereby the protection of the Court is obtained to assist the survival of a company.
An executory contract is a contract that has not yet been fully performed or fully executed.
General Motors Company, commonly referred to as General Motors (GM), is an American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services.
Global Crossing was a telecommunications company that provided computer networking services and operated a tier 1 carrier.
Continuation of an entity as a going concern is presumed as the basis for financial reporting unless and until the entity’s liquidation becomes imminent.
Houlihan Lokey, Inc., is an independent, advisory-focused, global investment bank.
Insolvency is the state of being unable to pay the money owed, by a person or company, on time; those in a state of insolvency are said to be insolvent.
The Parliament of Canada has exclusive jurisdiction to regulate matters relating to bankruptcy and insolvency, by virtue of s.91 of the Constitution Act, 1867.
Kirkland & Ellis LLP is an international law firm founded in Chicago in 1909.
A land contract — often described by other terminology listed below — is a contract between the buyer and seller of real property in which the seller provides the buyer financing in the purchase, and the buyer repays the resulting loan in installments.
Lehman Brothers Holdings Inc. (former NYSE ticker symbol LEH) was a global financial services firm.
In United Kingdom, Republic of Ireland and United States law and business, liquidation is the process by which a company is brought to an end.
In corporate finance, a listing refers to the company's shares being on the list (or board) of stock that are officially traded on a stock exchange.
In finance, a loan is the lending of money by one or more individuals, organizations, and/or other entities to other individuals, organizations etc.
MCI, Inc. (d/b/a Verizon Business) was an American telecommunication corporation, currently a subsidiary of Verizon Communications, with its main office in Ashburn, Virginia.
MF Global, formerly known as Man Financial, was a major global financial derivatives broker, or commodities brokerage firm that went bankrupt in 2011.
The Nasdaq Stock Market is an American stock exchange.
The New York Stock Exchange (abbreviated as NYSE, and nicknamed "The Big Board"), is an American stock exchange located at 11 Wall Street, Lower Manhattan, New York City, New York.
NYSE American, formerly known as the American Stock Exchange (AMEX), and more recently as NYSE MKT, is an American stock exchange situated in New York City, New York.
Over-the-counter (OTC) or off-exchange trading is done directly between two parties, without the supervision of an exchange.
The Pacific Gas and Electric Company (PG&E) is an investor-owned utility (IOU) with publicly traded stock that is headquartered in the Pacific Gas & Electric Building in San Francisco.
A partnership is an arrangement where parties, known as partners, agree to cooperate to advance their mutual interests.
The Penn Central Transportation Company, commonly abbreviated to Penn Central, was an American Class I railroad headquartered in Philadelphia, Pennsylvania, that operated from 1968 until 1976.
Refco was a New York-based financial services company, primarily known as a broker of commodities and futures contracts.
Seating capacity is the number of people who can be seated in a specific space, in terms of both the physical space available, and limitations set by law.
A secured creditor is a creditor with the benefit of a security interest over some or all of the assets of the debtor.
A security interest is a legal right granted by a debtor to a creditor over the debtor's property (usually referred to as the collateral) which enables the creditor to have recourse to the property if the debtor defaults in making payment or otherwise performing the secured obligations.
A sole proprietorship, also known as the sole trader or simply a proprietorship, is a type of enterprise that is owned and run by one natural person and in which there is no legal distinction between the owner and the business entity.
Texaco, Inc. ("The Texas Company") is an American oil subsidiary of Chevron Corporation.
Title 11 of the United States Code, also known as the United States Bankruptcy Code, is the source of bankruptcy law in the United States Code.
UAL Corporation is the former name of United Continental Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois.
The United States of America (USA), commonly known as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.
The United States Trustee Program is a component of the United States Department of Justice that is responsible for overseeing the administration of bankruptcy cases and private trustees.
Washington Mutual, Inc., abbreviated to WaMu, was a savings bank holding company and the former owner of Washington Mutual Bank, which was the United States' largest savings and loan association until its collapse in 2008.
722 Redemption is a process within the U.S. bankruptcy code under section 11 U.S.C. 722 that allows a debtor to redeem collateral based on the market value of the collateral.
Bankruptcy reorganization, Bankruptcy reorganization plan, Chapter 11, Chapter 11 Bankruptcy, Chapter 11 Bankruptcy Protection, Chapter 11 bankruptcy, Chapter 11 bankruptcy protection, Chapter 11 of the United States Bankruptcy Code, Chapter 11 protection, Chapter 11, Title 11, United States Bankruptcy Code, Chapter Eleven, Chapter eleven, Section 1110, Section 1110 of the Bankruptcy Code.