With websites such as Craigslist or e Bay, it is very easy to sell small and large items alike and you can reach a wider audience.
If you are considering selling antiques or collectibles you can also consider local auctions houses or selling them to a reputable dealer.
Absent this provision, a debtor would be required to investigate and prosecute all avoidance and other causes of action prior to confirming a plan, which may take years.
Section 1123(b) (3) of the Bankruptcy Code facilitates the use of a liquidating trust for prompt administration of the estate by providing post-confirmation standing to an appointed representative of the estate to enforce claims and interests.
Chapter 11 usually makes it to the news when large corporations fall into financial distress and need bankruptcy relief.
Corporations that have filed Chapter 11 include General Motors, United Airlines, Lehman Brothers, and K-Mart.
To find out more, Lawyer Monthly hears from Ashley B. It states that a plan may provide for the retention and enforcement by the debtor, by the trustee, or by a representative of the estate appointed for such purpose, of any such claim or interest.The good news is that there are many easy ways to sell items of value these days.You can hold a garage sale with a few friends or family or take out an ad in local paper for larger items.Become a digital subscriber today and enjoy unlimited access to the Omaha World-Herald anytime, anywhere.If you are a 7-day print subscriber, unlimited digital access is included in your subscription and you simply need to set up an online account.A bankrupt company, the "debtor," might use Chapter 11 of the Bankruptcy Code to "reorganize" its business and try to become profitable again.