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Debtor in bankruptcy definition

Debtor in bankruptcy means a person who is the subject of:
Debtor in bankruptcy means a person that is the subject of:
Debtor in bankruptcy means a person that is the subject of any of the following:

Examples of Debtor in bankruptcy in a sentence

  • While the general rule under the Internal Revenue Code of 1986, as amended ("IRC") is that income from the discharge of indebtedness is included in a taxpayer's gross income, Debtor in bankruptcy are entitled to exclude from gross income, for federal income tax purposes, any amount which, but for 26 U.S.C.§108(a), would be includible in gross income by reason of discharge of indebtedness.

  • Each Subordinated Lender shall agree that, until the indefeasible payment in full of the Senior Debt Obligations, it will not, whether or not any default shall exist under any Transaction Document, (a) commence any proceeding against the Debtor in bankruptcy, insolvency or receivership, (b) take any collateral security, guaranty or other assurance for the Subordinated Debt or (c) otherwise exercise any remedy for the recovery of any Subordinated Debt.

  • To that end, and not in derogation of any of the Commission's regulatory authority over the License, Debtor hereby acknowledges that the Commission has a first security interest in the Collateral, and Debtor shall not dispute such first security interest, or the Commission's rights as a secured party hereunder, in any legal or equitable proceeding in which Debtor, or any assignee or trustee of the estate of Debtor in bankruptcy, is a party.

  • S.D.N.Y. 2009).Here the Receiver made the decision to place the Debtor in bankruptcy in good faith to maximize the value of the Debtor and its property for the benefit of its estate and all parties in interest.

  • DUGAN (Argued) BRUCE BELLINGHAM Spector Gadon & Rosen, PC 1635 Market Street, 7th Floor Philadelphia, PA 19103 Counsel for Appellees OPINION OF THE COURT FUENTES, Circuit Judge: Leah Woskob, the Debtor in bankruptcy, appeals from an order of the District Court determining that she did not timely exercise her option to purchase her late husband Victor’s interest in their real estate partnership, the Woskob Legends Partnership (the "Legends Partnership").


More Definitions of Debtor in bankruptcy

Debtor in bankruptcy means a person who is the subject of an order for relief under Title 11 of the United States Code or a comparable order under a successor statute of general application or a comparable order under federal, state, or foreign law governing insolvency.
Debtor in bankruptcy means a person who is the
Debtor in bankruptcy means a person that is the
Debtor in bankruptcy means a person who is the subject of either of the following:
Debtor in bankruptcy means a person that is the subject of any of the following: (a) An order for relief under Title 11, USC, or a comparable order under a successor statute of general application. (b) A comparable order under federal, state, or foreign law governing insolvency.
Debtor in bankruptcy means a person who is the subject of an order for relief under Title 11 of the
Debtor in bankruptcy means a person who is the subject of an order for relief under