go+into+bankruptcy
71convenience claims — (see small claims) (Glossary of Common Bankruptcy Terms) under a plan of reorganization or liquidation, claims that are small (e.g. in the hundreds or thousands of dollars range) and numerous are often grouped into a single class and settled for… …
72effective date — the date on which a plan of reorganization is implemented. It usually occurs after all the conditions to a plan of reorganization have been satisfied (Glossary of Common Bankruptcy Terms) The date an agreement comes into force. (Dictionary of… …
73settlement — The transferring of property to another person or a gift. Under certain circumstances, settlements are void against the Trustee and are brought back into the bankruptcy estate. (Dictionary of Canadian Bankruptcy Terms) United Glossary of… …
74substantive consolidation — the combination of the estate of one debtor with the estate of one or more other debtors and the application of the combined estate to satisfy their combined liabilities. Substantive consolidation is often considered in the case of… …
75Chapter 11 plan — The Chapter 11 plan must contain, among other things, a division of the claims into various classes, a description of the treatment of each claim, a comparison of the treatment under the Chapter 11 plan to projected treatment under Chapter 7… …
76Chapters 12/13 plan — The plan must provide for a distribution to the debtor s creditors of all the debtor s projected disposable income over the term of the plan. The plan s term is a ordinarily no more than three years. The plan must describe the treatment of all… …
77ipso facto clause — An ipso facto clause is a contractual term that generally allows a creditor to terminate a contract or a supply of service if an individual enters into proceedings under an insolvency statute. (Dictionary of Canadian Bankruptcy Terms) United… …
78liquidated damages — Compensation for non performance or loss which is cash or easily converted into cash. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …
79forward contract — Under Title 11 U.S.C. Section 101: (25) The term forward contract means (A) a contract (other than a commodity contract, as defined in section 761) for the purchase, sale, or transfer of a commodity, as defined in section 761(8) of this title, or …
80financial participant — Under Title 11 U.S.C. Section 101: (22A) The term financial participant means (A) an entity that, at the time it enters into a securities contract, commodity contract, swap agreement, repurchase agreement, or forward contract, or at the time of… …
