Archive for the ‘Law & Ethics’ Category

How much does it cost on avg for a Chapter 11 Bankruptcy and how long does it take for the company to emerge?

Posted on May 15th, 2010 by admin  |  3 Comments »

Ruben G asked:


The company Im thinking about has 100 Mill in market cap, 1000 mill in debt. How long can I expect this company to be under bankruptcy protection and how much can it cost?
Thanks
The reason for the questions is to determine weather the bondholders would be better off forcing the company into bankruptcy or swaping their debt to stock….Please answer with average figures, or best estimates! (BTW, the company is MOVI)

Are joint accounts required to be listed when filing for bankruptcy in Maryland?

Posted on March 26th, 2010 by admin  |  2 Comments »

J asked:


I am going to file chapter 7 bankruptcy in Maryland and I have a joint credit card between myself and my son. What I would like to do is keep the credit card so I still have something for emergencies after I file bankruptcy. Do I have to list the joint account when filing bankruptcy? Because I would like to keep it open and keep making the payments as usual, and if I did list it could that effect my sons credit, even if he makes the payments, since he is joint on the account?