150 (Issue Date October 16, 2003) [Full Text] [Status] FSP FAS 150-2—Accounting for Mandatorily Redeemable Shares Requiring Redemption by Payment of an Amount that Differs from the Book Value of Those Shares under FASB Statement No.150 (Issue Date October 16, 2003) [Full Text] [Status] FSP FAS 150-3—Effective Date, Disclosures, and Transition for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests under FASB Statement No. 106 and to the Related Staff Implementation Guides (257 pages) (Issue Date November 10, 2005) [Full Text] [Status] FSP FIN 46(R)-1—Reporting Variable Interests in Specified Assets of Variable Interest Entities as Separate Variable Interest Entities under Paragraph 13 of FASB Interpretation No.By avoiding a particular transfer of property, the debtor in possession can cancel the transaction and force the return or "disgorgement" of the payments or property, which then are available to pay all creditors. bankruptcy A legal procedure for dealing with debt problems of individuals and businesses; specifically, a case filed under one of the chapters of title 11 of the United States Code (the Bankruptcy Code). bankruptcy court The bankruptcy judges in regular active service in each district; a unit of the district court.Generally, the power to avoid transfers is effective against transfers made within 90 days prior to the filing of the petition. Top Bankruptcy Administrator An officer of the judiciary serving in the judicial districts of Alabama and North Carolina who, like the United States trustee, is responsible for supervising the administration of bankruptcy cases, estates, and trustees, monitoring plans and disclosure statements, monitoring creditors' committees, monitoring fee applications, and performing other statutory duties. bankruptcy estate All legal or equitable interests of the debtor in property at the time of the bankruptcy filing.# A B C D E F H I J L M N O P R S T U V 341 meeting A meeting of creditors at which the debtor is questioned under oath by creditors, a trustee, examiner, or the United States trustee about his/her financial affairs. § 544, the trustee is given the authority to avoid transfers under applicable state law, which often provides for longer time periods.adversary proceeding A lawsuit arising in or related to a bankruptcy case that is commenced by filing a complaint with the court. Avoiding powers are used, for example, to prevent unfair prepetition payments to one creditor at the expense of all other creditors.However, transfers to insiders (i.e., relatives, general partners, and directors or officers of the debtor) made up to a year prior to filing can be avoided. Bankruptcy Code The informal name for title 11 of the United States Code (11 U. (The estate includes all property in which the debtor has an interest, even if it is owned or held by another person.) bankruptcy judge A judicial officer of the United States district court who is the court official with decision-making power over federal bankruptcy cases.
00-19 to Freestanding Financial Instruments Originally Issued as Employee Compensation Reporting a Change in (or the Elimination of) a Previously Existing Difference between the Fiscal Year-End of a Parent Company and That of a Consolidated Entity or between the Reporting Period of an Investor and That of an Equity Method Investee Earnings-per-Share Treatment of Tax Benefits for Dividends on Unallocated Stock Held by an Employee Stock Ownership Plan (Consideration of the Implications of FASB Statement No. Accounting and Reporting by Mutual Life Insurance Enterprises and by Insurance Enterprises for Certain Long-Duration Participating Contracts—an amendment of FASB Statements 60, 97, and 113 and Interpretation No.40Accounting for Leases: Sale-Leaseback Transactions Involving Real Estate, Sales-Type Leases of Real Estate, Definition of the Lease Term, and Initial Direct Costs of Direct Financing Leases—an amendment of FASB Statements No.17Designation of AICPA Guides and Statement of Position on Accounting by Brokers and Dealers in Securities, by Employee Benefit Plans, and by Banks as Preferable for Purposes of Applying APB Opinion 20—an amendment FASB Statement No. 32Guarantor's Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others—an interpretation of FASB Statements No.5, 57, and 107 and rescission of FASB Interpretation No. 16 and 17 When a Savings and Loan Association or a Similar Institution is Acquired in a Business Combination Accounted for by the Purchase Method—an interpretation of APB Opinions No.