Got a tricky question? Receive an answer from students like you! Try us!

Chapter 11 Reorganization - Essay Example

Only on StudentShare
High school
Essay
Finance & Accounting
Pages 4 (1004 words)

Summary

Chapter 11 Reorganization 1. Introduction With precise norms, these bankruptcy laws attempt to help people in liquidating assets or creating a repayment plan to pay off their debts in a lawful and systematic manner. It is with this intention that Chapter 11 Reorganization, a chapter under the Bankruptcy code of the USA, allows the bankruptcy party to keep its business alive by providing them the opportunity to pay the creditors over time…

Extract of sample
Chapter 11 Reorganization

2. Background Rural/Metro Corporation is considered to be one of the largest private organizations and is engaged with providing emergency ambulance and fire safety services in the US. It operates in more than 21 states in the country and is estimated to provide services to more than 1.5 million emergency calls. Established in the year 1948, the prime motive of Rural/Metro Corporation has been to provide fire protection services in return of a small subscription fee, in those areas where no emergency facilities existed. Gradually, it became one of the largest medical emergency and fire protection providers. Consequentially, it was made public in the year 1993. Currently, it is owned by Warburg Pincus, LLC, a private equity management firm. The prime economic factor that resulted in filing for Chapter 11 by the organization, owed from inappropriate capital structure, which was formed under different economic conditions resulting in huge interest payment to the creditors (Rural/Metro Corporation, 2013; Indystar.com, 2013). 3. Financial Forecast of Rural/Metro Corporation for Five (5) Years Rural/Metro Corporation is considered to be one of the largest and the most consistent performer in the stock market. ...
Download paper
Not exactly what you need?

Related Essays

Company's interest regarding private equity buyouts
In just one generation the private equity industry has grew to become a dynamo for growth, innovation and enterprise (Kolade. W, 2008). Britain is a world leader in this sector with one of the largest private equity markets globally, second only to the US. There are over 450 active UK firms, which provide several billion pounds each year to unquoted companies. Despite private equity now being a recognised asset class, the rapid growth in market has provoked debate about private equity and its intensions. Private equity firms have been taking over some of the UK's most notorious names, many…
50 pages (12550 words)
Introduction to the Corporate Annual Report:A Business Application, Canadian Edition
Explain why the order of individual items begins with cash. In your opinion, would it be more or less appropriate to order these items according to dollar magnitude? Explain. By reviewing the current asset section of the balance sheet of the company, it can be observed that the order of individual items start with cash and end at derivative assets. The company has utilized the order of showing more liquid assets first followed by relatively less liquid assets. Dollar magnitude convention is generally not followed. Chapter 3: Balance Sheet—Question 3 Review your company’s balance sheet and…
11 pages (2761 words)
Linguistics/ Theory of Translation
The research is based on an appropriate linguistic approach that includes multiple demographic variables such as age, gender, language, and education. The relation between culture and language is a mutual one. Language is described as a means of understanding the world around us. To put it in a more conventional manner, language is the expression of culture. However, conceptualising culture is not free of complications. This happens due to the multifaceted nature of culture as the latter is an umbrella term amalgamating a wider range of notions and ideas. Especially, in the context of…
12 pages (3012 words)
The Effects Of The 9/11, 2001 Attacks On Business Confidence and Financial Markets
Those involved in the news media, along with CEOs and the everyday average business worker, experienced the pain of losing loved ones, not to mention the business disruptions that took place. In the immediate aftermath, most people tried to get through this tragedy by restoring a sense of normalcy as soon as possible. The purpose of this Essay is to examine the effects of the 9/11 attacks on business confidence and financial markets. This paper will build on existing studies by other experts who have previously studied these issues. The 9/11 attacks affected the financial markets and business…
9 pages (2259 words)
Management accounting- R-11
Private organisations tend to have smoother management control process whereas public organisations experience more turbulence, conflicts and interruptions. Many scholars attribute these differences to the roles and purpose of private and public organisations in the society. Private organisations produce and sell products to consumers in the markets with objective of creating shareholders’ wealth. On the other hand, public organisations, such as state health centers and public schools undertake their operations for public interests. The distinct roles mean that there are diverse kinds of…
20 pages (5020 words)
Financial Instruments disclosure
Transparency allows the users to view the implication and results of judgments, estimates and decisions undertaken by the management of an organization. Full disclosure of financial instruments refers to the exposure of all the necessary information followed while taking decisions, which would provide the investors with reasonable assurance and belief on the activities performed by the organization. Financial Statements and instruments published and issued by an organization must be comparable both with the industry standards and cross-sectional among firms over a given period of time (Pownall…
48 pages (12048 words)
I do not know yet
For instance, the qualitative research approach has been used to investigate the impact of the Chinese exchange rate policy on South East Asian Economies, as this requires a qualitative evaluation of the policy being followed by the Chinese government over the years. On the other hand, the quantitative research approach has been considered as justified in the evaluation of factors which influence the changes in the exchange rate of the Chinese Yuan and the US Dollar. The study has revealed that there has been a significant impact of the Chinese exchange rate policies on the ASEAN members’…
56 pages (14056 words)