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Texas

LetMyPeopleVote

(155,603 posts)

2. Subchapter 5 of Chapter 11 gives the bankrupt estates a ton of rights not available in Chapter 11

Reply to PortTack (Reply #1)

Mon Aug 1, 2022, 03:17 PM

Aug 2022

For example, the plan does not have to be approved by the creditors and can in effect be crammed down

The US trustee was against the use of this subchapter in the last attempt at fraud and it will be interesting to see what position the US trustee takes this time

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Alex Jones' company files for bankruptcy midway through Sandy Hook damages trial [View all] LetMyPeopleVote Aug 2022 OP

I take it this is a move to get out of paying? PortTack Aug 2022 #1

Subchapter 5 of Chapter 11 gives the bankrupt estates a ton of rights not available in Chapter 11 LetMyPeopleVote Aug 2022 #2

Thx for the explanation! PortTack Aug 2022 #4

This is from the article cited in the OP LetMyPeopleVote Aug 2022 #5

bankruptcy is a legal way to cheat people nt msongs Aug 2022 #3