Retained Jurisdiciton in Chapter XI of the Bankruptcy Act: Why Not - Or, How to Have Your Cake and Eat It Too

dc.date.accessioned2013-02-12T22:11:31Z
dc.date.available2013-02-12T22:11:31Z
dc.date.issued1974
dc.description.abstractFIRST PARAGRAPH(S)|The object of a proceeding under Chapter XI of the Bankruptcy Act is the relief and rehabilitation of a debtor financially distressed. First the relief, then the rehabilitation. Relief becomes available upon the filing of a petition initiating the proceeding in Chapter Xl. At this point the debtor assumes most of the privileges and duties of a bankrupt, and his business and affairs are placed in the hands of a fiduciary, who has special powers and prerogatives provided by the Act. A general inventory of the relief available includes the court's exclusive jurisdiction, the power to reject executory contracts, the opportunity to sell or lease property with summary approval, extensive injunctive relief from creditors and others, the opportunity to exercise the avoiding powers of a bankruptcy trustee, and the ability to secure immediate operating funds by issuing certificates of indebtedness, obligations senior to virtually all other obligations then existing or to accrue...en_US
dc.description.note1973-1974en_US
dc.description.pages492en_US
dc.description.volume7
dc.identifier.citation7 Creighton L. Rev. 492 (1973-1974)en_US
dc.identifier.urihttp://hdl.handle.net/10504/38776
dc.publisherCreighton University School of Lawen_US
dc.publisher.locationOmaha, Nebraskaen_US
dc.rights.holderCreighton Universityen_US
dc.time.yr1973-1974
dc.titleRetained Jurisdiciton in Chapter XI of the Bankruptcy Act: Why Not - Or, How to Have Your Cake and Eat It Tooen_US
dc.title.workCreighton Law Reviewen_US
dc.typeJournal Articleen_US
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