Examples of Bankruptcy Code in a sentence
The taxpayer is not delinquent because enforced collection action is stayed under 11 U.S.C. §362 (the Bankruptcy Code).
The taxpayer is not delinquent because enforced collection action is stayed under 11 U.S.C. 362 (the Bankruptcy Code).
Failure by a Utility Company to timely file and serve an Assurance Request will result in the Utility Company waiving any right to request additional adequate assurance of payment beyond a Deposit and each such Utility Company will be deemed to have received adequate assurance of payment within the meaning of section 366 of the Bankruptcy Code.
Under Section 303(a) of the Bankruptcy Code, an involuntary bankruptcy case may not be commenced against 'a corporation that is not a moneyed, business, or commercial corporation.'" 3 In its 1998 analysis, Moody' s cited, "In the 17 year history of student loan transactions, there has been no known case of a nonprofit seeking voluntary bankruptcy protection." This fact remains true to this day.
On May 29, 2013, the Debtors filed voluntary petitions for relief under chapter 11of the Bankruptcy Code (the “ Chapter 11 Cases”).