Petition
In March 1988, Daniel E. Beren, John M. Elliot, and Edward, F. Mannino formed Walnut Street Four, a general partnership, to purchase and renovate an office building in Harrisburg, Pennsylvania. They borrowed more than $200,000 from Hamilton Bank to purchase the building and begin renovation. Disagreements among the partners arose when the renovation costs exceeded their estimates. When Beren was unable to obtain assistance from Elliot and Mannino regarding obtaining additional financing, the partnership quit paying its debts. Beren filed an involuntary petition to place the partnership into Chapter 7 Bankruptcy. The other partners objected to the bankruptcy filing. At the time of the filing, the partnership owed debts of more than $380,000 and had approximately $550 in the partnership bank account. Should the petition for involuntary bankruptcy be granted? Explain.
Plan of Reorganization
Richard P. Friese (Debtor) filed a voluntary petition for Chapter 11 bankruptcy. In May 1989, Debtor filed a plan of reorganization that divided his creditors into three classes. The first class, administrative creditors, were to be paid in full. The second class, unsecured creditors, were to receive 50% on their claims. The IRS was the third class. It was to receive $20,000 on confirmation and the balance in future payments. No creditors voted to accept the plan. The unsecured creditors are impaired because their legal, equitable, and contractual rights are being altered. Can the bankruptcy court confirm the debtor's plan of reorganization? Explain.
QUESTION - Can someone help me find a website or help me get this started?
Thank you for using the Jiskha Homework Help Forum. Afer you determine what country this business is in, what state (for example), what sort of business it is, it will be easier to narrow down where you should look. Of course, The Gov web sites have information for each state as well as federal. Here are some places to look:
1. http://www.abanet.org/buslaw/home.shtml
2. http://www.abanet.org/buslaw/blt/(quick update for lawyers)
3. http://www.business.gov/
4. ki/List_of_business_law_topics
To find a website or get started with your petition or bankruptcy-related questions, here are some steps you can take:
1. Determine the jurisdiction: Is the business located in the United States? If so, you'll need to determine the specific state where the business is operating, as bankruptcy laws may vary from state to state.
2. Visit official government websites: Start by visiting the official government websites related to your jurisdiction. These websites often provide resources, forms, and information related to bankruptcy, petitions, and legal processes.
3. Look for state-specific resources: Each state may have its own bankruptcy laws and resources. Search for state-specific websites or agencies that deal with bankruptcy cases. For example, in the United States, the United States Courts website provides federal bankruptcy information, while each state may have its own court system with bankruptcy-related resources.
4. Consult legal associations: Professional legal associations, such as the American Bar Association (ABA), often provide resources and information related to bankruptcy and business law. The ABA's Business Law Section and its website may be a good starting point.
5. Seek legal advice: If you're unsure about the specific steps or requirements for your situation, it's advisable to consult with a lawyer who specializes in bankruptcy or business law. They can guide you through the process and provide tailored advice based on your unique circumstances.
Remember, it's important to research and consult with professionals to ensure you follow the appropriate legal procedures for your specific case.