Examples of Bankruptcy Estate in a sentence
The Chapter 11 plan of liquidation in the bankruptcy proceedings appointed a Litigation Trustee (the “Trustee”) to handle the Bankruptcy Estate of Republic.
In addition, without the prior written consent of the Litigation Trust or as otherwise ordered by the District Court, neither the Debtor, the Reorganized Debtor, the Bankruptcy Estate nor any of their agents or representatives shall bring any action or proceeding against the Underwriters based on the Underpricing Claims or any other alleged conduct in connection with the IPO or assign, transfer, release, discharge, extinguish or otherwise dispose of such claims.
Except as otherwise provided in the Plan and the Order of Confirmation, the rights afforded in the Plan shall constitute full and complete satisfaction and release of all Claims and Interests, including any interest accrued thereon from and after the Petition Date, against the Debtor, the Reorganized Debtor, the Bankruptcy Estate, or any assets or property of the Debtor, the Reorganized Debtor and the Bankruptcy Estate.
After the Bankruptcy Estate is fully administered, the Debtor shall file an application for a final decree, and shall serve the application on the U.S. Trustee, together with a proposed final decree.
In accordance with section 346 of the Bankruptcy Code for the purposes of any state or local law imposing a tax, income will not be realized by the Bankruptcy Estate, the Debtors or the Reorganized Debtors by reason of the forgiveness or discharge of indebtedness resulting from the consummation of the Plan.