Zone of Insolvency

Zone of Insolvency

Tag Archives: Chapter 7

Involuntary Bankruptcy: A Seldom-Used Weapon in a Creditor’s Arsenal

Posted in Bankruptcy
Earlier this week, four bondholders of Suntech Power Holdings Co. Ltd. filed an involuntary bankruptcy petition in the Southern District of New York to force Suntech into a Chapter 7 liquidation. The four bondholders, Trondeim Capital Partners, L.P., Michael Meixler, Longball Holdings, LLC and Jiangsu Liquidators, LLC collectively hold more than $1.5 million in Suntech… Continue Reading