Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • adj. Of a claim, event, or condition existing prior to a bankruptcy petition.

Etymologies

Sorry, no etymologies found.

Examples

  • Meanwhile, existing stakeholders are in line to provide a $30 million equity capital infusion to the company through a rights offering backstopped by Ares Corporate Opportunities Fund II L.P., the majority holder of Sbarro's unsecured notes, and MidOcean Partners III L.P., an affiliate of the company's second lien lender and prepetition equity sponsor.

    Sbarro Files for Chapter 11 Protection

  • Ares is the majority holder of Sbarro's unsecured notes, and MidOcean is an affiliate of the company's second lien lender and prepetition equity sponsor.

    Sbarro Pursuing Possible Sale

  • Eleven months of the tax liability was incurred on prepetition income, and one month of the tax liability was incurred on post-petition income.

    Germain on Income Tax Claims in the Year of Bankruptcy

  • Under the terms of the plan, "Trade and unsecured creditors will recover 100 percent of prepetition (prebankruptcy) allowed claims," Schmitz said.

    courierpress.com Stories

  • Among other noteworthy accomplishments in the case were: securing a $8 billion DIP facility, then the largest DIP facility in chapter 11 history, at a time when the credit markets were frozen, which was made possible though a unique dollar-for-dollar roll-up feature of prepetition secured term debt; maintaining adequate funding for the Debtors 'European non-debtor affiliates throughout the

    Press Releases

  • Lehman ALI, one of its largest prepetition secured lenders, to convert its secured claims to substantially all of the equity in the reorganized company.

    Dallas Business News - Local Dallas News | Dallas Business Journal

  • The definition of Adjusted EBITDA in 2010 is different than the definition in the Company's prepetition credit facility which was used for 2009.

    Business Wire Travel News

  • ALI, one of its largest prepetition secured lenders, to convert its secured claims to substantially all of the equity in the reorganized company.

    Dallas Business News - Local Dallas News | Dallas Business Journal

  • Lehman ALI, one of Innkeepers 'largest prepetition secured lenders, to convert its secured claims to substantially all of the equity in the reorganized company.

    San Antonio Business News - Local San Antonio News | The San Antonio Business Journal

  • These courts recognize the need for payments of prepetition debt on occasion, to facilitate the reorganization process.

    BNET Articles

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