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11 unusual facts about Chapter 11, Title 11, United States Code


25 Bank Street

At approximately 12.30 am on 15 September, LBHI informed LBIE that it was preparing to file for Chapter 11 Bankruptcy protection under US law and that it was therefore no longer in a position to make payments to or on behalf on LBIE.

Andrew Wiederhorn

Fatburger has struggled through the 2008-10 recession, with subsidiaries in California and Nevada entering Chapter 11 bankruptcy in 2009.

Commerce Square

To break the deadlock, Philadelphia Plaza Associates filed for Chapter 11 bankruptcy protection.

First Franklin Financial Corp.

(One of the co-founders of the company was Bill Dallas, who served as its Chairman, CEO and Chairman Emeritus until 2003, and who subsequently bought OwnIt Mortgage Solutions, which was 20% owned by Merrill Lynch. OwnIt filed Chapter 11 bankruptcy in December 2006.)

InGen

In the novel, InGen founder John Hammond is killed in the accident and InGen files for Chapter 11 on October 5, 1989, the island is destroyed by the (fictional) Costa Rican Air force, the survivors are sworn to secrecy and by the time of The Lost World, InGen is defunct with its equipment being sold off.

John Peterman

However, after opening several retail stores, it filed for Chapter 11 bankruptcy protection in January 1999, and the brand name was sold to the Paul Harris Company.

PRR E44

Not all units received a full Penn Central paint scheme, mainly due to the cash-strapped nature of the railroad, which went bankrupt in June 1970.

Robert Crandall

Finally, on November 29, 2011, AMR Corporation (American Airlines Holding Company) joined the rest and filed for Chapter 11 bankruptcy protection.

SCO OpenServer

On September 14, 2007 the SCO Group filed for Chapter 11 protection in U.S. Bankruptcy Court.

Sexual abuse scandal in the Society of Jesus

In February 2008, the diocese of Fairbanks announced plans to file for Chapter 11 bankruptcy, claiming inability to pay the 140 plaintiffs who filed claims against the diocese for alleged sexual abuse by priests or church workers dating from the 1950s to the early 1980s.

Shady Satin Drug

In return, Sextant album filed for Chapter 11.


Alfa Corp. v. OAO Alfa Bank

The plaintiff alleged that the defendants' conduct constituted trademark infringement and unfair competition under federal law, under ยงยง 1114(1), 1125(a)(1)(A) of Title 15 of the United States Code, and trademark infringement, unfair competition, and dilution under the common law.

Alvarez and Marsal

Brian Marsal was reportedly one of the first people contacted by Harvey R. Miller on hearing that Lehman Brothers was likely to need to file for Chapter 11 protection, receiving a call at 10:30 at night on September 14 while he was watching a football game.

American 5-cent Coin Design Continuity Act

The American 5-cent Coin Design Continuity Act of 2003 (Public law 108-15, 31 United States Code 5101) allowed coinage of the commemorative Westward Journey Nickel Series and mandated that Monticello be depicted on the 2006 nickel, as it had been previously.

Belmont Park Pty Ltd v BNY Corporate Trustees Ltd

Lehman Brothers, prior to its 2008 filing for bankruptcy protection under Chapter 11 of the United States Bankruptcy Code, created a package of 19 special purpose vehicles (including Lehman Brothers Special Financing Inc) known as the "Dante Programme."

Chapter 11, Title 11, United States Code

If the company's stock is publicly traded, a Chapter 11 filing generally causes it to be delisted from its primary stock exchange if listed on the New York Stock Exchange, the American Stock Exchange, or the NASDAQ.

Child pornography laws in the United States

In May 2008, the Supreme Court upheld the 2003 federal law Section 2252A(a)(3)(B) of Title 18, United States Code that criminalizes the pandering and solicitation of child pornography, in a 7-to-2 ruling penned by Justice Antonin Scalia.

Debtor-in-possession financing

Debtor-in-possession financing or DIP financing is a special form of financing provided for companies in financial distress or under Chapter 11 bankruptcy process.

MAIR Holdings

Mesaba, which operated as a Northwest Airlink regional airline, filed for Chapter 11 bankruptcy on October 13, 2005, a result of downsizing occasioned by the earlier bankruptcy of Northwest Airlines.

Open Range Communications

Open Range Communications voluntarily filed for Chapter 11 bankruptcy protection on 6 October 2011 in the United States Bankruptcy Court for the District of Delaware.

Patriot Act, Title I

Section 104 amended title 18 of the United States Code to allow the Attorney General to request assistance from the Department of Defense when weapons of mass destruction are used unlawfully within the United States, or are unlawfully used outside the country by U.S. citizens.

TerreStar-1

Following TerreStar's file for Chapter 11 bankruptcy a movement had been formed by the NGO A Human Right to purchase TerreStar-1 and to use it to provide free basic Internet access to developing countries.

Tina Brozman

At Bingham McCutchen, Ms. Brozman also represented Ultimate Electrics, FiberMark and Footstar in their bankruptcy cases and played a role in the Adelphia Communications and Enron Chapter 11 cases.

W10BM

The station also apparently claims that it has the legal right to continue broadcasting due to the current "War on Terror", as stated in Presidential Proclamation 7463 and other continuing national emergencies, under provisions of USC Title 47 section 308 amendment 6(a).