William M. Gibbons
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William M. Gibbons
William M. Gibbons (October 26, 1919 – October 31, 1990) was a lawyer for 28 years, and would become the receiver and trustee of the Chicago, Rock Island and Pacific Railroad during Rock Island's third and final bankruptcy. Gibbons was a lieutenant in the United States Navy during World War II. He was a graduate of Loyola University Chicago and Loyola University Chicago School of Law. Gibbons worked for the law firm of Lord, Bissell & Brook of Chicago. Gibbons was chosen receiver and trustee for Rock Island on March 17, 1975, the day Rock Island entered bankruptcy receivership. He and the Kansas City Terminal Railway held the power to oversee and liquidate the railroad. His last day as the receiver and trustee was June 1, 1984, after all of the Rock Island's locomotives, cars, tracks and trackage rights were sold, dismantled and sold, or abandoned under an Interstate Commerce Commission directed service order. Gibbons was able to raise $500 million in the liquidati ...
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Receivership
In law, receivership is a situation in which an institution or enterprise is held by a receiver—a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights"—especially in cases where a company cannot meet its financial obligations and is said to be insolvent.Philip, Ken, and Kerin Kaminski''Secured Lender'', January/February 2007, Vol. 63 Issue 1, pages 30-34,36. The receivership remedy is an equitable remedy that emerged in the English chancery courts, where receivers were appointed to protect real property. Receiverships are also a remedy of last resort in litigation involving the conduct of executive agencies that fail to comply with constitutional or statutory obligations to populations that rely on those agencies for their basic human rights. Receiverships can be broadly divided into two types: *Those related to insolvency or enforcement of a security interest. *Those where either **One is Incapable of ...
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Bankruptcy In The United States
In the United States, bankruptcy is largely governed by federal law, commonly referred to as the "Bankruptcy Code" ("Code"). The United States Constitution (Article 1, Section 8, Clause 4) authorizes Congress to enact "uniform Laws on the subject of Bankruptcies throughout the United States". Congress has exercised this authority several times since 1801, including through adoption of the Bankruptcy Reform Act of 1978, as amended, codified in Title 11 of the United States Code and the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA). Some laws relevant to bankruptcy are found in other parts of the United States Code. For example, bankruptcy crimes are found in Title 18 of the United States Code (Crimes). Tax implications of bankruptcy are found in Title 26 of the United States Code ( Internal Revenue Code), and the creation and jurisdiction of bankruptcy courts are found in Title 28 of the United States Code (Judiciary and Judicial procedure). Bankrupt ...
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United States Navy Personnel Of World War II
United may refer to: Places * United, Pennsylvania, an unincorporated community * United, West Virginia, an unincorporated community Arts and entertainment Films * United (2003 film), ''United'' (2003 film), a Norwegian film * United (2011 film), ''United'' (2011 film), a BBC Two film Literature * United! (novel), ''United!'' (novel), a 1973 children's novel by Michael Hardcastle Music * United (band), Japanese thrash metal band formed in 1981 Albums * United (Commodores album), ''United'' (Commodores album), 1986 * United (Dream Evil album), ''United'' (Dream Evil album), 2006 * United (Marvin Gaye and Tammi Terrell album), ''United'' (Marvin Gaye and Tammi Terrell album), 1967 * United (Marian Gold album), ''United'' (Marian Gold album), 1996 * United (Phoenix album), ''United'' (Phoenix album), 2000 * United (Woody Shaw album), ''United'' (Woody Shaw album), 1981 Songs * United (Judas Priest song), "United" (Judas Priest song), 1980 * United (Prince Ital Joe and Marky Mark ...
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Loyola University Chicago Alumni
Loyola may refer to: People * St. Ignatius of Loyola * Loyola (surname) * Etsowish-simmegee-itshin, indigenous man whose baptismal name was Loyola Places * Loyola (CTA), a station on the Chicago Transit Authority's 'L' system, in Chicago, Illinois, US * Loyola (Montreal), a district of Côte-des-Neiges–Notre-Dame-de-Grâce, Montreal, Quebec, Canada * Loyola, California, an unincorporated town in Santa Clara County, California, US * Loyola, San Sebastián, a neighborhood in San Sebastián, Guipúzcoa, Spain * Sanctuary of Loyola, Azpeitia, Guipúzcoa, Spain Education Secondary schools Asia & Oceania = India = * Loyola High School (Goa), Margao * Loyola High School, Patna, Bihar * Loyola High School (Pune), Maharashtra * Loyola High School, Hindupur * Loyola High School, Karimnagar * Loyola High School, KD Peta * Loyola High School, Vinukonda * Loyola Higher Secondary School, Kuppayanallur * Loyola Public School, Nallapadu, Andhra Pradesh * Loyola School, Baripada, Odisha ...
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Loyola University Chicago School Of Law Alumni
Loyola may refer to: People * St. Ignatius of Loyola * Loyola (surname) * Etsowish-simmegee-itshin, indigenous man whose baptismal name was Loyola Places * Loyola (CTA), a station on the Chicago Transit Authority's 'L' system, in Chicago, Illinois, US * Loyola (Montreal), a district of Côte-des-Neiges–Notre-Dame-de-Grâce, Montreal, Quebec, Canada * Loyola, California, an unincorporated town in Santa Clara County, California, US * Loyola, San Sebastián, a neighborhood in San Sebastián, Guipúzcoa, Spain * Sanctuary of Loyola, Azpeitia, Guipúzcoa, Spain Education Secondary schools Asia & Oceania = India = * Loyola High School (Goa), Margao * Loyola High School, Patna, Bihar * Loyola High School (Pune), Maharashtra * Loyola High School, Hindupur * Loyola High School, Karimnagar * Loyola High School, KD Peta * Loyola High School, Vinukonda * Loyola Higher Secondary School, Kuppayanallur * Loyola Public School, Nallapadu, Andhra Pradesh * Loyola School, Baripada, Odisha ...
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Lawyers From Chicago
A lawyer is a person who practices law. The role of a lawyer varies greatly across different legal jurisdictions. A lawyer can be classified as an advocate, attorney, barrister, canon lawyer, civil law notary, counsel, counselor, solicitor, legal executive, or public servant — with each role having different functions and privileges. Working as a lawyer generally involves the practical application of abstract legal theories and knowledge to solve specific problems. Some lawyers also work primarily in advancing the interests of the law and legal profession. Terminology Different legal jurisdictions have different requirements in the determination of who is recognized as being a lawyer. As a result, the meaning of the term "lawyer" may vary from place to place. Some jurisdictions have two types of lawyers, barrister and solicitors, while others fuse the two. A barrister (also known as an advocate or counselor in some jurisdictions) is a lawyer who typically specializes in ...
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1990 Deaths
Year 199 ( CXCIX) was a common year starting on Monday (link will display the full calendar) of the Julian calendar. At the time, it was sometimes known as year 952 '' Ab urbe condita''. The denomination 199 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * Mesopotamia is partitioned into two Roman provinces divided by the Euphrates, Mesopotamia and Osroene. * Emperor Septimius Severus lays siege to the city-state Hatra in Central-Mesopotamia, but fails to capture the city despite breaching the walls. * Two new legions, I Parthica and III Parthica, are formed as a permanent garrison. China * Battle of Yijing: Chinese warlord Yuan Shao defeats Gongsun Zan. Korea * Geodeung succeeds Suro of Geumgwan Gaya, as king of the Korean kingdom of Gaya (traditional date). By topic Religion * Pope Zephyrinus succeeds Pope Victor I, as ...
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1919 Births
Events January * January 1 ** The Czechoslovak Legions occupy much of the self-proclaimed "free city" of Pressburg (now Bratislava), enforcing its incorporation into the new republic of Czechoslovakia. ** HMY ''Iolaire'' sinks off the coast of the Hebrides; 201 people, mostly servicemen returning home to Lewis and Harris, are killed. * January 2– 22 – Russian Civil War: The Red Army's Caspian-Caucasian Front begins the Northern Caucasus Operation against the White Army, but fails to make progress. * January 3 – The Faisal–Weizmann Agreement is signed by Emir Faisal (representing the Arab Kingdom of Hejaz) and Zionist leader Chaim Weizmann, for Arab–Jewish cooperation in the development of a Jewish homeland in Palestine, and an Arab nation in a large part of the Middle East. * January 5 – In Germany: ** Spartacist uprising in Berlin: The Marxist Spartacus League, with the newly formed Communist Party of Germany and the Independent Social De ...
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John W
John is a common English name and surname: * John (given name) * John (surname) John may also refer to: New Testament Works * Gospel of John, a title often shortened to John * First Epistle of John, often shortened to 1 John * Second Epistle of John, often shortened to 2 John * Third Epistle of John, often shortened to 3 John People * John the Baptist (died c. AD 30), regarded as a prophet and the forerunner of Jesus Christ * John the Apostle (lived c. AD 30), one of the twelve apostles of Jesus * John the Evangelist, assigned author of the Fourth Gospel, once identified with the Apostle * John of Patmos, also known as John the Divine or John the Revelator, the author of the Book of Revelation, once identified with the Apostle * John the Presbyter, a figure either identified with or distinguished from the Apostle, the Evangelist and John of Patmos Other people with the given name Religious figures * John, father of Andrew the Apostle and Saint Peter * Pope Jo ...
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Gold River, California
Gold River is a census-designated place (CDP) in Sacramento County, California. The population was 7,812 at the 2010 census, down from 8,023 at the 2000 census. Gold River is part of the Sacramento–Arden-Arcade– Roseville Metropolitan Statistical Area. With a median family income of over $117,000, Gold River is the highest-income place in Sacramento County. The community of Gold River consists of a residential planned development and some smaller subdivisions served by the Gold River Discovery Center (a K through 8 school), as well as some retail, commercial and light industrial areas. The community consists of detached single family homes, duplex and triplexes, as well as a condominium development. Gold River lies between the cities of Rancho Cordova on the south, Folsom on the east, and the American River to the north. The Gold River Community Association is the master association for the 25 separate "villages" that make up the planned development. Each village h ...
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