for bankruptcy. Bankruptcy is a process in which consumers and businesses can eliminate or repay some or all of their debts under the protection of the federal bankruptcy court. For the most part‚ bankruptcies can be divided into two types -- liquidation and reorganization. When a business liquidates its asset they sale their assets and the proceeds go to pay their debts. When a business reorganizes they find a way to remind open to try to make a profit. A business filing for bankruptcy only
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83-year-old Detroit carmaker putting its future in the hands of the courts‚ albeit an 11th-hour deal with Italy’s largest carmaker‚ Fiat‚ to pool technology in building new vehicles. Both the administration and Chrysler expressed hope that the bankruptcy stage would be effective and completed within 30 to 60 days‚ clearing the company’s liabilities and allowing it to emerge in healthy shape. But legal experts questioned whether this will be achievable and factory workers expressed fear for their
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What are the factors or issues to cause Hanjin bankruptcy? The factors or issues to cause Hanjin bankruptcy included‚ Hanjin been unprofitable for four of the past five years. This may be the main issue to cause Hanjin bankruptcy due to financial cash flow problems. The global economic downturn in recent years severely will affect profits indirectly across the cargo shipping industry. It slows down the global trade and next‚ affects the cargo shipping industry. Fierce competition and falling prices
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On July 18th‚ 2013‚ Detroit became the largest city ever to declare Chapter 9 bankruptcy. The city sat in $18 million in debt. Over the next couple of months‚ the city’s crime rate rose and many people lost their jobs and left the city of Detroit‚ which hurt the real estate market. Detroit relied on the auto industry‚ which slowly terminated jobs. Forbes reported one out of every 764 homes foreclosed. More than 100‚000 homes and 78‚000 buildings were vacant during this period of time. The price of
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Marvel Entertainment Group 1. Why did Marvel file for Chapter 11? Were the problems caused by bad luck‚ bad strategy (flawed business model)‚ or bad execution? 2. Evaluate the proposed restructuring plan (the one proposed in Jan. 1997). What are the details of the plan? Will the plan solve Marvel’s problems? 3. How much is Marvel’s equity worth (in $/share) under the proposed restructuring plan‚ assuming it acquires Toy Biz as planned? Why is it sensible to use the CCF method here? (Assume
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WorldCom was one of the leading telecommunication companies prior to its application for bankruptcy protection on July 21st‚ 2002. The firm’s decision to file for bankruptcy was a shocker move considering the amount of revenues and asset base the company had. It is believed that the firm was highly involved in fraudulent bookkeeping between the year 1999 and 2000 where they had managed to overstate its taxable income by at least $7 billion. It was also revealed that the company had committed itself
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The marvel of the alphabet is being amazed by; writers‚ philosopher’s‚ historians‚ and others. It is being appreciated from different type of perspectives across the world. Douglas C. McMurtie‚ a graphic designer‚ informs that everyone uses letters from the alphabet on a daily basis taking them for granted. He states that modern societies are using their writing systems and forgetting the alphabet is a long evolutionary process. In his quote he uses pathos and states‚ “We do not realize
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Marketing Strategy 8050 Marvel Enterprises‚ Inc. Case Writing by Xiaodan Dong February‚ 2008 Marvel Enterprises‚ Inc. (b) Why was Marvel’s turnaround so successful? Would you characterize that success as a fluke? Or do you view it as sustainable? Why? How? Marvel’s success is not a fluke because its business model is sustainable. Marvel’s new strategy monetized the content library by licensing characters for use with media products. During an era in which mass media is very important
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Case Study: Your long-time friend Carl comes to you with a serious problem in his life. He is a believer‚ and he wants your advice. For years he and his family have lived above their means. They did this by continually refinancing their house and rolling their credit card and other debt onto their home mortgage. However‚ now that real estate prices are no longer rising but actually falling‚ Carl can’t refinance anymore and can’t pay his monthly bills as they come due. He is in a real credit crisis
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This case study is extracted mainly from two major novels titled “What went wrong at Enron” by Fusaro P.C. and Miller R.M. and “The unshredded truth from an Enron insider” by Brian Cruver. The Vision Called Enron The history of Enron goes back to the 1920’s‚ when a pair of Houston pipeline companies was incorporated to carry gas along the coast of the Gulf of Mexico. In 1956 these companies merged under the name of Houston natural Gas (HNG). While these companies were working along the coast
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