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Reorganization
Musk has been making some big announcements lately –from the release of Tesla’s electric car model predicted to occur by 2017 to SpaceX going to work for the United States Air Force. SpaceX SpaceX has confirmed that the U.S. Air Force has certified that SpaceX’s Falcon 9 rocket has completed three successful flights that met...
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When a corporation seeks bankruptcy protection, there are privacy concerns. The courts have recognized that a company has the benefit of the attorney-client privilege with its corporate attorney. This means that your company’s communications with its lawyer are protected and will remain confidential. Chapter 7 or Liquidation Bankruptcy When a corporation files for bankruptcy protection,...
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Chapter 13 Bankruptcy petition
In late 2013, a car-charger maker with a large government contract filed for bankruptcy. Phoenix-based Ecotality, Inc. sought Chapter 11 protection in the United States Bankruptcy Court for the District of Arizona, listing assets of $50 million and debts of $500 million, including a large contract with the Department of Energy. In court papers, Ecotality...
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