How Chapter 11 helped in Formula one

The team Marussia has filed for the equivalent of Chapter 11 bankruptcy. This step of the team was preceded by another Formula One Company Caterham in less than a week; it as well had filed the same chapter of bankruptcy. This is evidently being pursued to gain protection from the creditors. But before you reach […]

Bankruptcy, Uncategorized

Boomerang Buyers- Sidelined Borrowers Return

The Boomerang Buyers are hitting the real estate market really hard. For those of you unaware of the term, the buyers are former homeowners who have been associated with the short sale, a foreclosure or filing of bankruptcy in the past few years. It initially docked in surprised. But the fact is that 1 in […]

Real Estate

MegaRich Plaintiff, what is plaintiff ?

Courtroom trials can be expensive, time consuming and at times nasty. However, when you witness the claim of Maurice R. Greenberg, the Mega rich plaintiff is what comes in the mind. In the year 2008, there was not a single capital associated with American International Group. Greenberg was the chief executive of this very company. […]

Business
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The Examiners: Linking Repeated Chapter 11 Filings Can