[...] Chapter 11 bankruptcy is the exact opposite of a Chapter 7 action, which calls for liquidation of all assets of the debtor, the proceeds of which are then divided amongst the creditors. A company getting relief under Chapter 11 is allowed to continue operating as a going concern. Its former creditors are supposed to receive payment in full (or sometimes an agreed upon percentage) of all debts owed prior to the filing of the petition over a pre-arranged payment scheduleSource: howtoapplyforbankruptcy.com [...]
Source: howtoapplyforbankruptcy.com
Video: Chapter 11: Bankruptcy Restructuring
Hotel Whose Chapter 11 Case Was Filed in Bad Faith Can “Stay” in Bankruptcy – Part I
(A) substantial or continuing loss to or diminution of the estate and the absence of a reasonable likelihood of rehabilitation; (B) gross mismanagement of the estate; (C) failure to maintain appropriate insurance that poses a risk to the estate or to the public; (D) unauthorized use of cash collateral substantially harmful to 1 or more creditors; (E) failure to comply with an order of the court; (F) unexcused failure to satisfy timely any filing or reporting requirement established by this title or by any rule applicable to a case under this chapter; (G) failure to attend the meeting of creditors convened under section 341(a) or an examination ordered under rule 2004 of the Federal Rules of Bankruptcy Procedure without good cause shown by the debtor; (H) failure timely to provide information or attend meetings reasonably requested by the United States trustee (or the bankruptcy administrator, if any); (I) failure timely to pay taxes owed after the date of the order for relief or to file tax returns due after the date of the order for relief; (J) failure to file a disclosure statement, or to file or confirm a plan, within the time fixed by this title or by order of the court; (K) failure to pay any fees or charges required under chapter 123 of title 28; (L) revocation of an order of confirmation under section 1144; (M) inability to effectuate substantial consummation of a confirmed plan; (N) material default by the debtor with respect to a confirmed plan; (O) termination of a confirmed plan by reason of the occurrence of a condition specified in the plan; and (P) failure of the debtor to pay any domestic support obligation that first becomes payable after the date of the filing of the petition.
Source: weil.com
American Gods Reread: Chapters 7 and 8
The section with Salim is another of my favorite vignettes in the book, and one of the most ambiguous sections, I think. Salim’s encounter with the jinn results in them basically switching lives, or at least in Salim taking up the jinn’s life in America. On the one hand, this could be viewed as the act of a trickster – the type of jinn that the cab driver is, an ifrit, is know in Arabic literature for cunning and is more often a danger to protagonists than a helpful hand. On the other hand, what the ifrit offers Salim is a new beginning, a chance to reinvent himself. Not a brilliant chance that’s full of promise, but a chance that offers more choices than he seemed to have before. It’s interesting that the jinn keeps insisting that he does not grant wishes (which an ifrit would not do, it’s true), but arguably grants an unspoken wish for Salim. And in that way, this small aside almost reads as a modern day Aladdin. It’s bittersweet, but it always leaves me feeling strangely happy.
Source: tor.com
Why Chapter 7 Works As Well As Chapter 11
The next step in the analysis is to consider what the client envisions doing with his assets after bankruptcy. Before undertaking a Chapter 11 to strip off a lien, consider whether the same result might be achieved by negotiation after the discharge. Alternatively, might the same amount of money required for a Chapter 11 buy out the worthless lien?
Source: bankruptcymastery.com
Real World Software Architecture: Essential Scrum: A Practical Guide to the Most Popular Agile Process Book Review
This book’s title Essentials Scrum: A Practical Guide to the Most Popular Agile Process, is a perfect description of what this book is. It covers every essential that you need to know about the scrum process, and the book is written to every role in the scrum process. After a nice introductory chapter to Scrum, which includes the history of how Scrum came to be, the book breaks down into four parts. They include Core Concepts, Roles, Planning, and Sprinting. I have listed each part below along with the chapters found in each one. Chapter 1. Introduction Part I. Core Concepts Chapter 2. Scrum Framework Chapter 3. Agile Principles Chapter 4. Sprints Chapter 5. Requirements and User Stories Chapter 6. Product Backlog Chapter 7. Estimation and Velocity Chapter 8. Technical Debt Part II. Roles Chapter 9. Product Owner Chapter 10. ScrumMaster Chapter 11. Development Team Chapter 12. Scrum Team Structures Chapter 13. Managers Part III. Planning Chapter 14. Scrum Planning Principles Chapter 15. Multilevel Planning Chapter 16. Portfolio Planning Chapter 17. Envisioning (Product Planning) Chapter 18. Release Planning (Longer-Term Planning) Part IV. Sprinting Chapter 19. Sprint Planning Chapter 20. Sprint Execution Chapter 21. Sprint Review Chapter 22. Sprint Retrospective Chapter 23. The Path Forward The author’s advice on when to use Scrum is a refreshing one. He is not one of the many Scrum zealots, mindlessly regurgitating Scrum mantras. He gives a nice overview of where Scrum works and where it doesn’t in the introduction of the book. He also presents a realistic view on how difficult Scrum is. Scrum is not easy and the author makes that very clear. One of the coolest parts of this book is the visual icon language used to create the diagrams. The diagrams in this book are some of the best I’ve ever seen. They really help to put the topic being covered with words into a visual context for better understanding. The author’s writing style is great, which makes the book an enjoyable read. Along with the visual icon language I would have to say this is the most descriptive book about Scrum I have read. Meaning the ideas were really drilled home in a very clear way. The chapter on agile principles is great. The author really does a great job of comparing agile practice to plan driven practices and highlighting the difference. By the end of this chapter you have a great understand of the “why” agile practices are done and how Scrum implements them. I was also glad to see the chapters on Multilevel Planning , Portfolio Planning, Envisioning, and Release Planning. When it comes to explaining how Scrum fits into the rest of the enterprise, many of the Scrum books I have read have a short blurb on Scrum of Scrums, and then move on back into topics only suited for small team development. These chapters take Scrum beyond small team development. I like that the book has a really nice glossary for quick look ups of buzz words that may be new to you. If you have to pick just one Scrum book, make this one your pick. If you are looking to learn Scrum, definitely start here. If you are a Scrum Master, this is the book to take your team through during training.
Source: blogspot.com
Syms creditors object to Chapter 11, Chapter 7 preferable
When a company files for a Chapter 11 bankruptcy, the business will be able to continue operating. The debts of a business in Texas or elsewhere will be reorganized into more manageable payments pursuant to a court-approved plan. However, when a business files for this type of bankruptcy, the business must prove that the Chapter 11 plan is in the best interest of creditors. This means that the creditors would receive just as much as they would in a Chapter 7 bankruptcy. The recent Chapter 11 petition filed by Syms Corp. is being challenged on the basis of it not meeting the best interest of creditors test.
Source: gipsonandnorman.com
Chapter 7 Guest Post: Addicted to Adrenaline
About two hours later, my sister knocked on the cabin door and said that my mom was going to watch our children so I could go down and enjoy the jet ski with my husband. While I would certainly have rather stayed put, I knew my husband would love for me to go careening around on the jet ski with him. So I took our children over to my parent’s cabin to spend time with Grandma and I headed down to the boat dock where I was told I was supposed to meet up with my husband.
Source: incourage.me
Chapter 7 vs Chapter 11 Bankruptcy
Chapter 7 bankruptcy is referred to as the “liquidation bankruptcy.” This means that when a company engages in this type of bankruptcy, they are going to be able to completely liquidate all of their debts. This gives them a clean slate and eliminates all of their debt. With this type of bankruptcy, a trustee is going to oversee the process. They are going to have the right to claim any of the assets of the company. They will take these assets and sell them in order to repay the creditors of the company. In the vast majority of cases, this type of bankruptcy results in the company going out of business.
Source: finweb.com
Maryland Bankruptcy Blog: Chapter 11 Bankruptcy
Unlike Chapter 13, Chapter 11 is available for businesses as well as individuals. Unless the court appoints a trustee for cause, the business will remain in control of itself throughout the bankruptcy process. Businesses have two options in bankruptcy, Chapter 7 liquidations and Chapter 11 reorganizations. A business that intends to continue after the bankruptcy should file for Chapter 11 instead of 7.
Source: mdbankruptcyblog.com
OB Diner’s Former Owners Plan to Take it Back
Mitchel, as president of “Point Pleasant Beach Diner Inc.” doing business as “Ocean Bay Diner,” filed for Chapter 11 bankruptcy on May 22, 2012, according to an online copy of the filing (see attached PDF). The “voluntary petition” has a long list of creditors owed a total of nearly $1.3 million (and that is just for the business, not for the real estate).
Source: patch.com
Download Circuit Design: Know It All (Newnes Know It All) (PDF)
Chapter 4 Bipolar transistors Chapter 5 Field effect transistors Chapter 6 Identifying and avoiding transistor problems Chapter 7 Fundamentals Chapter 8 Number Systems Chapter 9 Binary Data Manipulation Chapter 10 Combinational Logic Design Chapter 11 Sequential Logic Design Chapter 12 Memory Chapter 13 Selecting a design route Chapter 14 Designing with logic ICs Chapter 15 Interfacing Chapter 16 DSP and digital filters Chapter 17 Dealing with high speed logic Chapter 18 Bridging the Gap Between Analog and Digital Chapter 19 Op Amps Chapter 20 Converters-Analog Meets Digital Chapter 21 Sensors Chapter 22 Active filters Chapter 23 Radio-Frequency (RF) Circuits Chapter 24 Signal Sources Chapter 25 EDA Design Tools for Analog and RF Chapter 26 Useful Circuits Chapter 27 Programmable Logic to ASICs Chapter 28 Complex Programmable Logic Devices (CPLDs) Chapter 29 Field Programmable Gate Arrays (FPGAs) Chapter 30 Design Automation and Testing for FPGAs Chapter 31 Integrating processors onto FPGAs Chapter 32 Implementing digital filters in VHDL Chapter 33 Overview Chapter 34 Microcontroller Toolbox Chapter 35 Overview Chapter 36 Specifications Chapter 37 Off the shelf versus roll your own Chapter 38 Input and output parameters Chapter 39 Batteries Chapter 40 Layout and Grounding for Analog and Digital Circuits Chapter 41 Safety Chapter 42 Design for Production Chapter 43 Testability Chapter 44 Reliability Chapter 45 Thermal Management Appendix A Standards
Source: bookshared.com