The debtor appealed the bankruptcy court’s determination that she was ineligible to be a Chapter 12 debtor.The debtor had filed a Chapter 7 "no-asset" bankruptcy in 2010 and was granted a discharge.assume An agreement to continue performing duties under a contract or lease. bankruptcy estate All legal or equitable interests of the debtor in property at the time of the bankruptcy filing.automatic stay An injunction that automatically stops lawsuits, foreclosures, garnishments, and all collection activity against the debtor the moment a bankruptcy petition is filed. Bankruptcy Code The informal name for title 11 of the United States Code (11 U. (The estate includes all property in which the debtor has an interest, even if it is owned or held by another person.) bankruptcy judge A judicial officer of the United States district court who is the court official with decision-making power over federal bankruptcy cases.A plan providing for the sale of the debtor’s assets was confirmed.The closing of the sale of the Debtor’s assets occurred on Dec. Representation of the company providing warehousing services throughout the United States, Canada, and the Caribbean.This page contains summaries of significant developments involving farm and ranch-related as wells as commercial fishing bankruptcies and related legislation.Bankruptcy Court Uses Wrong Standard Concerning Chapter 12 Filing.
A family farmer or fisherman is defined as an individual, individual and spouse, corporation, or partnership engaged in a farming or fishing operation.Representation of the debtor and eight subsidiaries.The debtors own and operate magnetic resonance imaging centers throughout central Florida.The appellate court held that obligations that are enforceable against the debtor’s property but for which there is no personal liability are still “claims” and “debts” within bankruptcy.Thus, the debtor was not eligible to file Chapter 12 bankruptcy.A plan of reorganization was confirmed in the case and in a companion individual Chapter 11 case.Representation of debtor and twenty‑two subsidiaries which operated the largest Dunkin Donut franchise network on the west coast of Florida.