LATEST NEWS
October 13.2008
Treasury Hires Investment Adviser Under the Emergency Economic Stabilization Act
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October 13.2008
Plenary Remarks by Assistant Secretary for International Affairs Clay Lowery at the Annual International Monetary Fund and World Bank Meetings
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October 13.2008
The global financial crisis has yet to peak, and individual governments must now take appropriate measures to deal with its effects, Russia's finance minster said.
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October 12.2008
Recent U.S. Actions to Halt Iran�s Procurement Practices for Attempted Acquisition of WMD-Related Items
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October 12.2008
Treasury Designates FARC International Commission Members
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October 12.2008
Statement by Secretary Henry M. Paulson, Jr. at the Development Committee Meeting
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October 12.2008
One-in-Five Speak Spanish In Four States New Census Bureau Data Show How America Lives
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October 12.2008
Una de Cada Cinco Personas Habla Español en Cuatro Estados Nuevos Datos de la Oficina del Censo Muestran Cómo Viven los Estados Unidos
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October 12.2008
Capital Expenditures Rise 14 Percent to Record High in 2006
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October 12.2008
Nation’s Housing Stock Reaches 128 Million
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October 12.2008
Federal Spending Increased 4.4 Percent in 2007
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October 12.2008
Investment Banks Struggle to Adapt
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TERMS / How are reorganizations or liquidations accomplished under chapter 11?

Reorganizations are accomplished by a plan of reorganization that is voted on and approved by creditors and/or shareholders and then confirmed by the bankruptcy court, all in accordance with various procedures outlined in the Bankruptcy Code. Liquidations in chapter 11 may be accomplished in the same manner, although in some cases liquidations are accomplished by court authorized sales of assets by the debtor prior to, or without ever, confirming a plan. However, the practice of liquidating through a series of assets sales alone is not favoured by some courts since it is often seen as an effort to circumvent the more rigorous requirements of the plan confirmation process.

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