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(Reuters) - The Center for Autism and Related Disorders, which operates 130 treatment centers in the U.S., filed for bankruptcy in Texas on Monday with a plan to sell itself back to its founder.
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) (Pub. L. Tooltip Public Law (United States) 109–8 (text), 119 Stat. 23, enacted April 20, 2005) is a legislative act that made several significant changes to the United States Bankruptcy Code.
Samuel H. Shapiro Developmental Center, formerly named the Kankakee State Hospital, is a developmental center in Kankakee, Illinois, on the banks of the Kankakee River.
Shapiro founded Shapiro Sher in 1972. The company has provided services related to business law, litigation insurance and bankruptcy, as well as sports and entertainment law. [13] In 2011, Shapiro Sher was cited as the top mid-size law firm in Maryland for business and transactions by Super Lawyers Business Edition 2011.
Chapter 12 of Title 11 of the United States Code, or simply chapter 12, is a chapter of the Bankruptcy Code. It is similar to Chapter 13 in structure, but it offers additional benefits to farmers and fishermen in certain circumstances, beyond those available to ordinary wage earners.
On June 12, 2023, the company filed for Chapter 11 bankruptcy. The following month, an agreement was reached to sell the company back to a consortium headed by Granpeesheh for $48.5m. [6]