Democrats jumped on an interview with House Speaker John Boehner, R-Ohio, likening the measure to a bankruptcy proceeding.
Then the thirty day clock runs until Clearwire is actually in default and a bankruptcy proceeding can get underway.
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He knew that the UAW wage and pension contracts could not survive the regular bankruptcy proceeding that businessman Romney wanted.
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Top legal minds also say GM could easily have found a private buyer or private investor once the bankruptcy proceeding was underway.
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Picower sued Holzer, but the lawsuit was stayed by a bankruptcy proceeding.
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In one high-profile loss, Mitubishi Estate Co. was forced to put the storied Rockefeller Center complex in New York into a bankruptcy proceeding.
But absent a replacement, this would leave the U.S. without a coherent bankruptcy proceeding for megabanks, and even more incentive to bail out large institutions that fail.
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There is a lucrative niche in collecting even small amounts from debtors in the window between when a bankruptcy proceeding is filed and when it is completed.
Since just about every airline has been through some sort of bankruptcy proceeding, industry labor wages are probably as close to parity with each other than ever before.
"Select" enforcement staff ignored internal legal counsel in hiring outside counsel involved in an unrelated bankruptcy proceeding to secure testimony for the Miami case, according to an NCAA statement.
Not only does this expose them to reputational risks but, despite such contracts, it also puts them in legal jeopardy, especially in wrangles over assets in a bankruptcy proceeding.
Miami argued that some things Wright was asked about by investigators in February 2012 stemmed from information the NCAA collected through depositions that Perez conducted under subpoena in Shapiro's bankruptcy proceeding.
But if that request isn't made or the court doesn't allow it, the most a card holder can do is get in line behind all the other creditors in the bankruptcy proceeding.
Once seized, the chairman of the Federal Deposit Insurance Corp. (FDIC) has the power to decide which creditors get paid, and which do not, regardless of their rights in a normal bankruptcy proceeding.
Why you would force a subsidiary into bankruptcy was hard to fathom, especially when you might lose control of the vital spectrum you need for your future to others of higher ranking in the bankruptcy proceeding.
Particularly since debtors have little ability to restrict when they can be placed into an involuntary bankruptcy proceeding, this decision must give the heebie-jeebies to planners whose first line of defense is a business entity to attempt to shield personal assets.
Unlike the bail-out approach, the bail-in method is much closer to what is observed in a true bankruptcy proceeding: the petitioner is insolvent, so haircuts of some magnitude must be suffered by the relevant creditors, but no haircuts at all are imposed on the general public, which stands outside the courtroom and is not a party to the case at hand.
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Instead in March he had his companies that had relationships with Credit Suisse file for bankruptcy protection in Newark, New Jersey and a similar proceeding in the British Virgin Islands.
Richard Durbin, would allow bankruptcy judges to modify the terms of a mortgage in a Chapter 13 proceeding without the lender's input.
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