Chapter 11: Restructuring through a bankruptcy. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/stock-and-bonds/dilution-tutorial/v/stock-dilution?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/stock-and-bonds/venture-capital-and-capital-markets/v/chapter-7-bankruptcy-liquidation?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: This is an old set of videos, but if you put up with Sal's messy handwriting (it has since improved) and spotty sound, there is a lot to be learned here. In particular, this tutorial walks through starting, financing and taking public a company (and even talks about what happens if it has trouble paying its debts). About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 145010 Khan Academy
http://laniganpl.com/2012/05/24/some-of-the-differences-between-chapter-11-and-chapter-13/ (Winter Park Florida) Bankruptcy attorney Eric Lanigan talks about some fundamentals of Chapter 11 Bankruptcy. Generally speaking Chapter 11 bankruptcies are associated with businesses. If someone files a bankruptcy everything stops and basically the purpose of that is to give the debtor some breathing room to try to get things reorganized. Another fundamental issue of the Chapter 11 bankruptcy is what we call The Debtor in Possession. Which means the law keeps the existing owner management team in place to operate the business. If you have any questions, don’t hesitate to contact us. If the business is going south get into a lawyer’s office that knows something about a Chapter 11. Discuss your situation. Determine whether or not it’s time to file. Or if not, what can be done to avoid or to deal with a creditor and possibly even to avoid filing a Chapter 11. Consult with an experienced bankruptcy attorney to find out what your options are. The Lanigans are located at 831 W Morse Blvd in (Winter Park Florida). 407-740-7379 Experienced Attorneys, Aggressive Representation with a Personal Touch.
Views: 8258 Lanigan&Lanigan
Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is “Chapter 11” Chapter 11 is a bankruptcy filing with the SEC which is undertaken by any company which cannot pay its creditors and is therefore bankrupt. The Chapter 11 filing provides bankruptcy protection to the company and allows it to restructure itself and its assets to maximize creditor and shareholder value before the company is closed. When a company files for Chapter 11, its shares are delisted from any exchange it is currently listed on and cannot be traded. Once all assets have been liquidated, creditors are paid off and if they are paid in full, the rest of the value is split amongst shareholders. One of the most infamous Chapter 11 filings in history is that of Lehman Brothers in 2008 as a result of the financial crisis. A chapter 11 case begins with the filing of a petition with the bankruptcy court serving the area where the debtor has a domicile or residence. A petition may be a voluntary petition, which is filed by the debtor, or it may be an involuntary petition, which is filed by creditors that meet certain requirements. A voluntary petition must adhere to the format of Form 1 of the Official Forms prescribed by the Judicial Conference of the United States. Unless the court orders otherwise, the debtor also must file with the court. By Barry Norman, Investors Trading Academy - ITA
Views: 5413 Investor Trading Academy
In today’s video we cover the basics of corporate restructuring and the options available to executives. The key questions to be covered are; • What Is Chapter 11 Bankruptcy? • What Is Chapter 7 Bankruptcy? • What Is Chapter 9 Bankruptcy? • What are the shareholder wealth effects of corporate restructuring? • Larger Vs Smaller Businesses? Success in bankruptcy • What Is Prepackaged Bankruptcy? • What Is A Workout? • What are the tax advantages of Prepackaged Bankruptcies? Workouts? The Following Are Some Key Terms Covered; • Reorganization Plan • Petition For Relief • Proofs Of Claim • Debtor In Possession • Automatic Stay • Schedule Of Assets and Liabilities • Exclusivity Period Bankruptcy can be a creative corporate finance tool. Reorganization through the bankruptcy process can in certain instances provide unique benefits that are unattainable through other means. For those who are interested in buying the Mergers and Acquisitions, and Corporate Restructurings textbook by Patrick A. Gaughan, follow the Amazon link below; https://www.amazon.com/Mergers-Acquisitions-Corporate-Restructurings-Patrick/dp/0470561963 If you have any other questions, please comment below. If you enjoyed the video and found it helpful, please like and subscribe to FinanceKid for more videos soon! For those who may be interested in finance and investing, I suggest you check out my Seeking Alpha profile where I write about the market and different investment opportunities. I conduct a full analysis on companies and countries while also commenting on relevant news stories. http://seekingalpha.com/author/robert-bezede/articles#regular_articles
Views: 1417 FinanceKid
For individuals considering bankruptcy the typical cases are filed under chapter 7 or chapter13 and for those differences we have a linke below. However there is a third kind which is available for an individual with a business that he/she wants to keep and that is a chapter 11. In this video Lisa Epps joins Michelle to explain some requirements of an individual chapter 11 filing and why it might be a good tool for an individual who owns a business that is under temporary financial stress. before you file chapter 11 bankruptcy - what you need to know https://youtu.be/gqgGZl9efYI bankruptcy terms https://youtu.be/n7AHltxsMDw Chapter 7 & 13 differences explained https://youtu.be/_avVDzvRxp bankruptcy and your tax refund https://youtu.be/Zy8m8HvfyKg
Views: 74 FinelyRevealed
In this video Lisa Epps gives a cost overview for filing a chapter 11, the effort that management will need to take to achieve desired results and what information you need to check to see if your company can take advantage of bankruptcy.
Views: 37 FinelyRevealed
http://maxwelldunnlaw.com/ The advantage of a Chapter 11 bankruptcy for a business, first and foremost, is the automatic stay. And what that is, is a law that allows a business who is under tremendous pressure from its creditors or other people that it owes money to, to pay up and that company by filing the bankruptcy stops all of those actions, any collections, actions that are being filed against them, any actions to recover assets or cash from the company, all of that stops upon filing a bankruptcy. That is key for many companies that are facing, you know, financial strain. The Chapter 11 bankruptcy then allows that company to enter into negotiations with its creditors, it allows the company to restructure its debts as allowed by the bankruptcy code and continue its operations in a manner that will allow it to come out of a bankruptcy a stronger and better company.
Views: 536 Maxwell Dunn Law
Chapter 11 bankruptcy is typically a corporate re-organization case in which the corporation identifies the creditors in order to file a disclosure statement, which identifies the financial history of the debtor. Seek legal counsel and learn more about Chapter 11 bankruptcy with information from a lawyer in this free video on bankruptcy. Expert: Andy Forman Bio: Andy Forman, Attorney at Law, has been in bankruptcy representation for over two decades and has lead council in over 3,000 bankruptcy cases. Filmmaker: Christopher Rokosz
Views: 3728 eHow
October 21, 2015 – Siegel, head of the firm’s restructuring and bankruptcy practice, talks about some of the reasons chapter 11 bankruptcy is often seen as an expensive or problematic alternative for companies needing to restructure their debts.
Views: 3247 Morgan, Lewis & Bockius LLP
The iconic toy store declared bankruptcy on Tuesday, hoping to reinvent itself to satisfy changing consumer taste. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News is a leading source of global news and information. Here you will find clips from NBC Nightly News, Meet The Press, and original digital videos. Subscribe to our channel for news stories, technology, politics, health, entertainment, science, business, and exclusive NBC investigations. Connect with NBC News Online! Visit NBCNews.Com: http://nbcnews.to/ReadNBC Find NBC News on Facebook: http://nbcnews.to/LikeNBC Follow NBC News on Twitter: http://nbcnews.to/FollowNBC Follow NBC News on Google+: http://nbcnews.to/PlusNBC Follow NBC News on Instagram: http://nbcnews.to/InstaNBC Follow NBC News on Pinterest: http://nbcnews.to/PinNBC Toys ‘R’ Us Files For Chapter 11 Bankruptcy Protection | NBC Nightly News
Views: 15732 NBC News
If you have considered filing for bankruptcy, you will need to decide which type of bankruptcy to file. Humans (as opposed to corporate entities) have three choices: Chapter 7, Chapter 13 or Chapter 11. As I discuss in this video, Chapter 7 or Chapter 13 serve as the best choices for almost everyone. An individual can file Chapter 11, but this would only be a good choice if you owe hundreds of thousands of dollars and need to reorganize. Chapter 11 is often a good choice for businesses that want to remain open but need breathing room and protection from creditor actions. Chapter 7 generally works well if you earn a modest paycheck and most of your debt is unsecured, like credit card, medical debt or personal loans. Chapter 13 makes more sense if your earnings are more substantial, or if you are trying to save your house from foreclosure or car from repossession. The bankruptcy laws have become very complex and for every rule there can be an exception. Much of the information freely available on the Internet is either incorrect or outdated. No website (or video for that matter) can serve as a substitute for a meeting with a lawyer experienced in bankruptcy practice in your city or town. If you live in Atlanta, Rome, Gainesville or Newnan, Ginsberg Law can help you. Jonathan Ginsberg and Susan Blum have been representing bankruptcy clients for well over 20 years and we can help you make an informed decision about how to deal with debt issues. Please reach out to us by phone at 770-393-4985 or by email at email@example.com. =====FREE DEBT DESTROYER SURVIVAL KIT==== Don't know where to begin? Download my free "Debt Destroyer" Survival Kit at https://bit.ly/BK-survival-kit ========================================= ===========FREE CASE EVALUATION========== If you would like me to analyze your finances please contact me at https://bit.ly/Contact-Gins ========================================== ===============CONTACT ME================= Jonathan Ginsberg Atlanta Bankruptcy Attorney Website: https://www.atlanta-bankruptcy.com Facebook: https://www.facebook.com/ginsberglaw/ Telephone: 770-393-4985 https://bit.ly/Contact-Gins =========================================== **Click Below to SUBSCRIBE for More Videos: http://www.youtube.com/subscription_center?add_user=ginsbergbankruptcy
Views: 1643 Personal Bankruptcy Law Atlanta
Views: 712 Tanisha Adjo
UVA Law professor Richard M. Hynes analyzes the circumstances under which individuals file for Chapter 11 bankruptcy. In Chapter 11, the debtor maintains control of his or her business operations under the supervision of the court. Hynes gave the lecture to mark his appointment as the John Allan Love Professor of Law.(University of Virginia School of Law, April 21, 2017)
Views: 640 University of Virginia School of Law
Chapter 11 cases tend to be complex and sophisticated reorganizations and restructurings of debt obligations that involve negotiations with creditors and a settling of income and expenses of the debtor to determine if the debtor really has a core business that can be reorganized and is throwing off enough profit to actually make a significant payment to unsecured creditors. Technically speaking, the debtor is supposed to file a plan within the first 120 to 180 days after they file the case, but that deadline is frequently extended without much difficulty by the bankruptcy court. Cases can go on for years and years and years if there's litigation involved in the bankruptcy case or if the debtor has an extended payout or has to work through a lease or a contract or some other aspect of its finances. The Chapter 11 process is long and that is part of the reason why it can be such an expensive remedy for business debtors or for individuals who have sophisticated financial situations. Thoughts from a Maryland Bankruptcy Lawyer Ronald J. Drescher Drescher & Associates, P.A 4 Reservoir Circle Suite 107 Baltimore, MD 21208 (410) 484-9000 Fax (410) 484-8120 Rondrescher@Drescherlaw.com http://www.Drescherlaw.com FaceTime firstname.lastname@example.org Skype ron.drescher Practicing in Maryland, Delaware, Virginia, Pennsylvania
Views: 299 Drescher & Associates, P.A.
Webinar presented by Scott A. Chernich and Patricia J. Scott
Views: 284 FosterSwift
transcript It is the Chapter 11 bankruptcy law that allows businesses to seek the same protection and relief that individuals have a right to under the Federal bankruptcy statues. Any business entity, whether a large corporation, a small partnership or even a one-man sole proprietorship, can file under Chapter 11 in order to have their debts reorganized. The Chapter 11 law requires that the business filing for brokeness, must provide full financial disclosure to the bankruptcy court. This means that the organization, or their attorney, must provide a complete and detailed list of all of the company's assets, all of the liabilities and a complete statement of the financial status and affairs of the entity. Unlike other types of bankruptcies, according to Chapter 11 law, the debtor is able to act as his own trustee. In Chapter 7 and Chapter 13 bankruptcy cases, the court appoints a trustee. When a debtor acts as a trustee in a Chapter 11 bankruptcy, it is known as a "debtor in possession" because the trustee maintains possession of the property. However, the court is able to appoint a different trustee to the case if there is just cause shown, such as in the case of mismanagement of the business entity. After approximately one month from the time that filing for bankruptcy took place, the business and their bankruptcy attorney attend a meeting with the various creditors of the entity. According to Chapter 11 bankruptcy law, the company also is required to submit monthly activity reports that show the company's income and expenses. These reports are also summarized in the form of a balance sheet and a profit and loss statement for the period. Chapter 11 law allows for the debtor to file a financial plan during the first four months after a new bankrupt filing is submitted to the Federal bankruptcy court. After that time, the creditors of the company are allowed to submit filings of their plans. The Chapter 11 law also requires that the plan submitted by the debtor includes a disclosure statement that goes into detail of company's financial situation and future plans. Some of the areas that are disclosed are the following: - a summary of the company history and the primary cause that necessitated filing for brokeness; - the company's assets and liabilities; - the income and the expenses of the operation; a - description of the company's treatment of their creditors; - an analysis of asset liquidation; projections of future earnings; - expected tax consequences; - a discussion of various options open to the entity; - and finally, the plan for repayment of the debts. According to Chapter 11 bankruptcy law, the plan for reorganization can stipulate that the company must continue to operate the business in order to make the payments from future income, or from the proceeds of new loans or the sale of existing assets. Creditors who hold priority claims, including tax debts, are required to be paid in full. Any secured claims also require full payment and must include interest as well. Other debts that are non-priority and are unsecured receive dividend payments which equal at least the amount that would have been granted under a Chapter 7 filing.
Views: 325 Валентина Анисимова
http://laniganpl.com/2015/12/22/finding-the-best-orlando-chapter-11-bankruptcy-attorney/ (Winter Park Florida) Bankruptcy attorney Eric Lanigan talks about some fundamentals of Chapter 11 bankruptcy law. First Day Orders, are requests for orders that deal with an order allowing certain day-to-day things to continue doing business. You need an order to hire a debtors attorney to deal with the bankruptcy. To pay the employee wages, to use the business revenues for common use in the running of the business. The debtor needs the orders to run the business in an honest and reasonable manner. Of course there is the order to stop all creditors from seizing business assets so that the business may keep operating. Most problems occur in a Chapter 11 bankruptcy when you wait too long. You can't expect an attorney no matter how experienced to tackle your Chapter 11 bankruptcy when your issues have been ruled upon in other courts. The longer you wait, the fewer options you have. If the business is going south, get in to see a Chapter 11 bankruptcy attorney, now. You may even be able to avoid having to file bankruptcy. If you're waiting for the New Year, 2016, to get things in order, that's not the best idea. It's better to at the very least call to meet and talk about where your business debt stands. You could be worrying for nothing, or you may have to file Chapter 11 bankruptcy. But at the least you'll know where you stand. Eric goes through some of the basic things that go on early on in a Chapter 11. Through examples, you will see why it's important to get a lawyer who is familiar with Chapter 11 when you're business starts going south. Consult with an experienced bankruptcy attorney to find out what your options are. The Lanigans are located at 831 W Morse Blvd in (Winter Park Florida). 407-740-7379 Experienced Attorneys, Aggressive Representation with a Personal Touch.
Views: 3222 Lanigan&Lanigan
IS BK RACING IMPROVING?? Today, we go over a long awaited topic that I have finally gotten around to addressing! We will go over BK Racing filing for Chapter 11 Bankruptcy and putting their finances into Union Bank & Trust. Since that time, BK Racing has featured unsponsored cars and have been very forgettable. So in the long run, can they improve and get out of debt? Can they be a real cup team? Watch to find out! NASCAR RACING FAN ON YOUTUBE https://www.facebook.com/Unofficial-Nascar-Racing-Fan-on-YouTube-713173738815955/?ref=aymt_homepage_panel NASCAR IRWIN TOOLS CUP SERIES https://www.facebook.com/Nascar-Irwin-Tools-Cup-Series-390676701270084/?ref=bookmarks @NRF2015 On Twitter https://twitter.com/NRF2015 SUBSCRIBE FOR MORE
Views: 4469 NASCARRacingFan2015
http://www.theperfectbusinessforyou.com/1581/best-biz/bkexpdiffbtch7and11 - Difference Between Chapter 7 and Chapter 11 Bankruptcy This is not legal advice. This information for educational purposes only. You should consult with an experienced bankruptcy attorney near you get a thorough assessment of your situation and circumstances. The primary difference between chapter 7 and chapter 11 bankruptcies is that chapter 7 does not require a plan or payments to creditors while chapter 11 does require a plan and payments to creditors. There are many other differences between chapter 7 and 11 bankruptcies, such as legal fees and costs and rights and responsibilities of debtors in each type of case. https://www.youtube.com/watch?v=XJrgBjnIFIw
Views: 534 Joon Khang
This morning, May 1st 2018 Gibson USA filed Chapter 11 Bankruptcy Protection. After months of speculation, its hard to believe its actually happening. There Is No Plan B. www.rhettshull.com Links To Gear Mono M80 Dual Electric Case http://amzn.to/2ueNdCk G7 Capo http://amzn.to/2Gg0MGq String Winder http://amzn.to/2HT9ffQ RockSlide Brass Slide http://amzn.to/2GS6aNJ Ravpower External Battery http://amzn.to/2pxQDdF Mogami Gold Cable http://amzn.to/2FZzQao Alpine Earplugs http://amzn.to/2DLBHh4 Strings http://amzn.to/2FASkB7 Cables http://amzn.to/2G7i0mH Picks http://amzn.to/2FnEhzP Kemper Profiling Amp http://amzn.to/2FmZw4q Recording Interface http://amzn.to/2oWwOgH Pedalboard http://amzn.to/2DbcqfW Strymon TimeLine http://amzn.to/2trI1dN Greer LightSpeed http://amzn.to/2G7ggKi Earthquaker Devices Bit Commander http://amzn.to/2G7OJZl Camera Rig [Amazon Affiliate] Camera http://amzn.to/2Da24Nu Lens http://amzn.to/2FAOAQ9 Webcam http://amzn.to/2G5U57a Camera Cage http://amzn.to/2FyrvxB Tripod http://amzn.to/2G6ebyd Lights http://amzn.to/2FBCZjO Monitor http://amzn.to/2oUqXZc Follow Me On social media Instagram https://www.instagram.com/rhettshull/ Twitter Rshull07 Facebook https://www.facebook.com/rshull07/
Views: 32256 Rhett Shull
As has been reported in the news recently, David Cassidy has filed for chapter 11 bankruptcy in Florida. This filing comes as the capper to several bad things that have happened to the actor, including three DUI charges (in 2010, 2013, and 2014) the last of which led to 90 days of rehab and 5 years probation, and his wife of 23 years filing for divorce last February. But why file chapter 11? Don’t only businesses file those? Why not just file a chapter 7 to get a fresh start or a chapter 13 to make a payment plan to creditors? Although the Times article does not give an answer, I suspect part of it has to do with his debt load. Mr. Cassidy has been quoted as saying that he filed bankruptcy to "restructure his finances." This means that he intends to pay his creditors at least a portion of what he owes them. Those finances include, as has been reported, upwards of $10 million in debt. Thus his debt alone may have him in a chapter 11. This becomes the issue, because according to the bankruptcy code, you cannot file a chapter 13 bankruptcy if you have more than $383,175 in unsecured debt or more than $1,149,525 in secured debt. This is a point often missed by those considering bankruptcy and looking to file a chapter 13. It is not that unusual for someone to have more than $200,000 in student loan debt and over $100,000 in credit card or other unsecured debt. This could prevent them from reorganizing in a chapter 13, to save their home, for example, and force them into a chapter 11, which can be far more expensive in terms of attorney’s fees and filing fees. This is not a common occurrence, but it does happen. So keeping an eye on your debt load can be critical to your available bankruptcy options for a fresh start.
Views: 4891 Richardson Law Offices
http://thebusinessprofessor.com/appointment-of-trustee-of-examiner-in-chapter-11-bankruptcy/ Appointment of Trustee or Examiner in Chapter 11 Bankruptcy
Views: 82 Jason Mance Gordon
Richard S. Brown, Assistant Professor of Strategic Management at Penn State Harrisburg, explains the basics of corporate bankruptcy in the United States. Topics include (i) reasons for bankruptcy, (ii) priority claims in bankruptcy, (iii) the role of creditors, (iv) liquidation, (v) re-organization and more. Please feel free to contact me through my webpage at http://harrisburg.psu.edu/faculty-and-staff/richard-brown-phd
Views: 2800 Richard Brown
Gibson Guitars files for Chapter 11 Bankruptcy, May 1, 2018. Officially Gibson has indeed filed for Bankruptcy. However there is good news for all Gibson Guitars fans and owners... This is a restructuring situation and the brand will continue to make guitars. Their focus going forward will be on creating instruments. The current ceo will be with them through the restructuring process and is unclear what his role will be afterword. For more information check out this article and many others breaking the Gibson News today. https://www.bloomberg.com/news/articles/2018-05-01/gibson-files-for-bankruptcy-with-deal-to-renew-guitar-business Ryan & Angela are small business owners, and music teachers in Canton, Tx. Once a week we answer our viewers questions about all kinds of things! Guitars, gear, music, food, movies, star trek vs star wars, owning a business, self employment, being creatives, living in Texas and much more! If you have a question, leave it in the comment section of the most recent ASK RNA episode! Get your RNA Music swag here: https://teespring.com/stores/rna-music-store Check out our other sites here: https://www.instagram.com/rnamusic/ https://www.facebook.com/rnamusic/ http://www.rna-music.com/ Lawley's Loops Crochet Info! https://www.facebook.com/Lawleysloops/
Views: 1279 RNA MUSIC
Federal Judicial Center. Chapter 11 Reorganization: The Basics and the Judicial Role. In this program, the Honorable Nancy C. Dreher (Bankr. Dist. Minn.) and George M. Treister, Esq., discuss the basics of a typical Chapter 11 reorganization case, and specific challenges that Chapter 11 cases present for judges. They address some of the special problems in the small and large Chapter 11s alike, recognizing that in most bankruptcy courts the large, or mega, case is the exception. Specific topics they cover are how a Chapter 11 case begins; the players; financing the debtor; operating the debtor as the case moves to formulation and confirmation of a plan; the plan and the disclosure statement; and consensual confirmation.
Views: 3746 PublicResourceOrg
http://www.financiallawgroup.com http://www.farmdebtattorney.com http://www.oaklandcountybankruptcyattorney.com Hi, I'm Mike Greiner. I'm a bankruptcy attorney with Financial Law Group, located here in Warren Michigan, and I'm here to talk to you today about Chapter 11 bankruptcy. Chapter 11 bankruptcy is the chapter where businesses or individuals of relatively high income or high debt are able to reorganize their debts...
Views: 1795 financiallawgroup
GIBSON FILES CHAPTER 11!! "My Thoughts" As most of you have heard the news by now Gibson Filed Chapter 11 Bankruptcy on Tuesday. This video is just my thoughts on the situation and my hopes for the future of Gibson! Please consider Liking, Sharing and Subscribing, thanks and God Bless!!!
Views: 232 T-Roy's Music
My thoughts on iHeartRadio filing for Chapter 11 Bankruptcy and how this has ALREADY affected The Breakfast Club, now and going forward!!! https://blackjunction.tv/@GMOGMedia https://www.blaqspot.com/GMOGMediaTV/ This video is protected by the Fair Use Act of 1976 Copyright Disclaimer Under Section 107 of the Copyright Act 1976 "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use." Make sure to Like, Comment Subscribe, Follow me on Social Media https://blackjunction.tv/@GMOGMedia https://www.blaqspot.com/GMOGMediaTV/ https://twitter.com/blackseparatist https://www.instagram.com/theblackseparatist/ https://www.soundcloud.com/Ukarema-Beatz https://www.youtube.com/GMOGMediaTV Paypal Donations to: Universoul.Brotha@gmail.com Want to send me stuff? Business related Inquires to: GMOGMedia LLC P.O Box 695023 Miami Gardens FL, 33269 E-Mail me @ GMOGMedia@gmail.com This video is protected by the Fair Use Act of 1976
Views: 815 GMOGMediaTV
Thoughts from a Maryland Bankruptcy Attorney http://www.drescherlaw.com If you can't quality for Chapter 7 or 13, you can still get bankruptcy relief under Chapter 11. Why would you need to do that? If your income is too high and you don't have sufficient deductions, you're probably going to be forced out of Chapter 7 by the means test. To learn more about the Means Test and the long form for high income debtors, see these videos: What is The Means Test? http://www.youtube.com/watch?v=aJL4OpdxGAQ&list=UUBnVhhQtiN0QVkKqiEtL8yw&index=5 My Income Is Above Median Can I Still File Chapter 7? http://www.youtube.com/watch?v=lYu7kwJNETs&list=UUBnVhhQtiN0QVkKqiEtL8yw&index=4 The next question is, can I file for Chapter 13. Chapter 13 has debt limits that fluctuate from year to year based on the cost of living, but they are set by statute and they are rigidly enforced (for 2012/2013: for unsecured, $360,475 ; for secured $1,081,400). If you don't qualify under the debt limits for Chapter 13, and your gross income is too high for Chapter 7, you won't necessarily be deprived of relief under the bankruptcy laws, because you might qualify for Chapter 11. Chapter 11 is a procedure for businesses, but also for high-income individuals with a fairly sophisticated financial situation. There are pros and cons to Chapter 11: Negatives: Chapter 11 tends to be more expensive than the other chapters, because under Chapter 7, there's a lot of competitive pressure in the market to keep fees down, and in Chapter 13, the fees that you are allowed to charge if you are an attorney are usually set by local rule, but there are no such controls for fees in Chapter 11 and most attorneys will charge you an hourly rate with a retainer (the bankruptcy court needs to approve such fees as being reasonable). Another negative about Chapter 11 is that you're going to have to get your creditors to vote to accept your plan. That's not the easiest thing to do, partly because many creditors, especially if they're credit card companies, don't bother to vote for Chapter 11 plans. They're much more set up to handle Chapter 7 and Chapter 13 cases. In Chapter 13, if your plan satisfies the statutory requirements, you will be able to qualify and confirm that Chapter 13 plan. In Chapter 11, subject to complex exceptions, you're going to have to get the votes of your unsecured creditors. Positives: One of the positives in Chapter 11 is that you have much greater flexibility about the kind of treatment that you can give to your secured creditors and your unsecured creditors. You don't have to start making payments to a 13 trustee within 30 days, like you do under Chapter 13, and there are many different ways that you can restructure unsecured and secured debt in Chapter 11, as long as the debt is not secured by your primary residence. Another advantage to Chapter 11 is that you can frequently stay there longer without having to come up with a plan. In Chapter 13, the trustee, and the courts, are really trying to move cases along. In Chapter 11, you have much more flexibility. Thoughts from a Maryland Bankruptcy Lawyer Ronald J. Drescher Drescher & Associates, P.A 4 Reservoir Circle Suite 107 Baltimore, MD 21208 (410) 484-9000 Fax (410) 484-8120 Rondrescher@Drescherlaw.com http://www.Drescherlaw.com FaceTime email@example.com Skype ron.drescher Practicing in Maryland, Delaware, Virginia, Pennsylvania
Views: 1236 Drescher & Associates, P.A.
Asheville bankruptcy attorney Rod Kight discusses the timeline and key concepts to think about when filing Chapter 11 bankruptcy. With such an incredibly comprehensive, involved, and complex bankruptcy filing, it is important to understand the process.
Views: 224 Kight Law Office
According to Reuters and the Wall Street Journal, toy retailer Toys 'R' Us could soon file for bankruptcy. The franchise has suffered due to emerging online shops such as Amazon as well as more toys being filtered into general stores like Walmart. Sources add that a bankruptcy filing is one of several options the chain is considering to pay $5 billion in debt it owes from a leveraged buyout in 2005. According to CNBC, the chain is exploring options to take care of the debt and is working with creditors to stave off filing for Chapter 11 bankruptcy protection. http://comicbook.com/2017/09/18/toys-r-us-reportedly-files-for-bankruptcy/ http://www.wochit.com This video was produced by YT Wochit Business using http://wochit.com
Views: 804 Wochit Business
Atlanta Bankruptcy Attorney - http://danowitzlegal.com/practice-are.... In this video find out more information about 3 Favorable Considerations for Filing Chapter 11. My name is Ed Danowitz, with the law firm of Danowitz and Associates. People often ask me why should I file a chapter 11 case? Well, you should file a chapter 11 case if you have assets that you might lose to creditors or through a chapter 7 case. One of the positive aspects of filing a chapter 11 case, is the moment you file a chapter 11 case an automatic stay prohibits any creditor from trying to collect, garnish, levy, or seize any of your assets. And if they violate that provision they can be sanctioned by the court. That is the single biggest weapon to filing a chapter 11, to stop your creditors from interfering with your business and your finances. Learn more about Chapter 11 Bankruptcy here: https://www.youtube.com/watch?v=yHJH4... Why should you file a chapter 11? If you have disputes with your creditors, you can usually bring those disputes to a user friendly forum to chat in the bankruptcy court, where your disputes can be resolved much less expensively than through civil litigation's and various jurisdictions. Why should you file a chapter 11? You will continue to retain control over your business for a period of time and you will be given the opportunity to present a plan that your creditors can accept to take partial payment for what they're owed, or in some cases to pay your taxes, your secured creditors over terms that are more favourable to you. Please call our attorneys at Danowitz and Associates so we can discuss your needs to see if chapter 11 bankruptcy is appropriate for you or your business. --------------------------------------- Out of control debt can slowly suffocate your business like a financial boa constrictor. When your business loses the ability to meet its financial obligations as they come due, filing for Chapter 11 bankruptcy might be your only option. Your creditors might even force you into Chapter 11 bankruptcy. Fortunately, however, bankruptcy does not necessarily mean a death sentence for your business. Handled appropriately, a well-considered and well-executed bankruptcy can act as a pivotal event that restores your business to long-term prosperity. Nevertheless, bankruptcy can be a traumatic event that eats up your limited time and clouds your judgment. In these trying times, an experienced bankruptcy attorney can help you carefully evaluate your options and set clear goals for your business. If you have questions the attorneys at Danowitz & Associates are here to help. Call 770-800-1115 or fill out the online form to schedule a consultation today. NOTICE: You are not a client of this law firm and we do not represent you unless you have a signed attorney/client agreement with this law firm. No duties or privileged relationships are intended to be created by this communication where they do not otherwise exist. WE ARE A DESIGNATED DEBT RELIEF AGENCY, HELPING CONSUMERS FILE FOR DEBT RELIEF UNDER THE BANKRUPTCY CODE. Danowitz & Associates P.C 300 Galleria Parkway, Suite 960, Atlanta, GA 30339 770-800-1115 http://danowitzlegal.com/ https://plus.google.com/u/1/107413912...
Views: 223 Danowitz Legal
Peter Schaefer, a partner with printing industry M&A and investment banking firm New Direction Partners, analyzes the recent Cenveo Chapter 11 bankruptcy announcement and how it will impact the company, its suppliers and future contracts. To watch the full video and learn more, click here: http://www.piworld.com/xchange/business-management/peter-schaefer-on-cenveo-chapter-11-bankruptcy-filing/ Want to be the first to see future videos? Subscribe to our e-newsletter: http://lndnm.napco.com/Today-on-PIWorldcom-TOP.html?src=youtube
Views: 57 Printing Impressions
American Airlines has filed for Ch 11. bankruptcy. Does that make purchasing their stock a good deal?
Views: 2320 Jeff Rose
Asheville bankruptcy attorney Rod Kight discusses the next step in filing Chapter 11 business reorganization: the filing of the plan. Rod outlines creating the disclosure statement and the drafting of the plan for bankruptcy, including creditor repayment.
Views: 148 Kight Law Office
After filing a Chapter 11 bankruptcy, there are two very important tasks that require your attention. 1) You must open a special Debtor-in-Possession bank account and close your old bank account(s). 2) Review and fill out the paperwork for the United States Trustee's office. This information, and your monthly reports, are your most important reporting duty to the UST. Note that you will need to also update your insurance policies, so that the UST can ensure that the policies remain in effect while the case is pending.
Views: 494 Radix Law
Goodwill of Southern Nevada has filed for reorganization under Chapter 11 bankruptcy, the nonprofit announced Friday.
Views: 471 KTNV Channel 13 Las Vegas
http://www.businessinsider.com/toys-r-us-could-file-for-bankruptcy-this-week-reports-2017-9 Chapter 11 protection allows the company to restructure $400 million in debt due in 2018 and another $1.7 billion due in 2019, and then renegotiate the rest, according to CNBC. The debt crisis comes at a critical time for the toy seller. Toys R Us last year made 40% of its sales in the fourth quarter, thanks to holiday shopping. Vendors are feeling increasingly anxious about the chain's ability to pay down its debts, according to the reports, which could lead to a shortage of toys to stock its shelves and further exacerbate the issue. Toys R Us has also struggled as it increasingly competes with online retailers in its two main businesses: baby goods and toys. The company said in a statement that its operations outside the US and Canada — including 255 licensed stores and a joint-venture partnership in Asia — were not part of the bankruptcy filing. Twitter @HollySeeliger Support me on Patreon https://www.patreon.com/hollyseeliger Support me on Paypal via my email "firstname.lastname@example.org" or click "donate to paypal" button on my homepage. I love Patreon and Paypal subscription donations in sums of $7 or $14 (my lucky numbers!) You can also send letters and checks to: Holly Seeliger P.O. Box 5185 Portland, ME 04101
Views: 912 Zoon Politikon
Ken Mann, Senior Managing Director of Equity Partners HG, speaks with Michael Viscount, Partner at Fox Rothschild LLP about filing for Chapter 11 Bankruptcy. Equity Partners HG, founded by a group of CEOs, is known throughout the US as the premier investment banking firm for small to mid-sized companies in transition. Equity Partners HG's solutions include: New Money (Debt or Equity) Joint Venture Relationships Entirety Sales At Maximum Value Michael Viscount has been practicing law since 1981 and is a commercial lawyer whose practice focuses primarily on the representation of public and private business owners, municipal entities and creditor groups in matters involving debt restructuring, workouts, bankruptcies, banking and finance, real estate, dispute resolution, and other complex commercial matters. For more information about Equity Partners HG, please visit our website: http://www.equitypartnershg.com/
Views: 114 Equity Partners HG
Melinda Middlebrooks and Joseph Shapiro discuss chapter 11 bankruptcy. in particular, how the Automatic Stay works and it's impact on the Plan.
Views: 124 MiddlebrooksShapiro