Friday, June 4, 2010

Kelly Gordon Rogers Online Article

Chapters X, XI and XII - before Chapter 11 of the Bankruptcy Reform Act of 1978, these three chapters of bankruptcy existed for company bankruptcies that involved reorganization. Chapter X involved reorganization for larger companies that held public debt or equity. Chapter XI was for readjustment of debts of smaller, non-publicly held companies, and Chapter XII was for companies with extensive holdings of real property.
Record on appeal - The portion of the record of a court of limited jurisdiction necessary to allow a superior court to review the case.(01 March 2010 - Online article Kelly Gordon Rogers )
Brief - A legal document, prepared by an attorney which presents the law and facts supporting his client's case

Bankruptcy administrator - an officer of the judiciary serving the judicial districts of Alabama and North Carolina who, like a United States trustee, is responsible for supervising the administration of bankruptcy cases, estates and trustees; monitoring plans and disclosure statements, creditor committees and fee applications and performing other statutory duties.
Secured debt - debt backed by a mortgage, pledge of collateral or other lien. It is debt for which the creditor has the right to pursue specific pledged property upon default.
Section 77 (of 1933 Act) - provided for reorganization of railroads. (During the 1930's a large number of railroads experienced extreme financial difficulty.) (See also Section 77B).Kelly Gordon Rogers

Settlement conference - A meeting between parties of a lawsuit, their counsel and a judge to attempt a resolution of the dispute without trial.
Workout - an arrangement, outside of bankruptcy, by a debtor and its creditors for payment or re-scheduling of payments of the debtor's obligations. Usually applies to an informal agreement between a business and its creditors, although it can be a formal agreement and it can also apply to consumer debtors. (09 November 2008 Kelly Gordon Rogers )

Kelly Gordon Rogers article


Objection - Statement by an attorney taking exception to testimony or the attempted admission of evidence and opposing its consideration as evidence.
Class - each of the different categories of claims against a debtor.( 26 January 2009 Online blog Kelly Gordon Rogers )


More realated articles you may find fascinating:
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