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131-483: In 1998, Marvel Comics, which had just filed for Chapter 11 bankruptcy , asked Quesada and Palmiotti to work for Marvel in a more exclusive capacity, and contracted them and their Event Comics partners to produce a line of Marvel books dubbed Marvel Knights . As editors of Marvel Knights, Quesada and Palmiotti worked on a number of low-profile characters such as Daredevil , Punisher , The Inhumans and Black Panther , encouraging experimentation and using their contacts in

262-585: A fifth-week event called "Marvel Knights 2099", which took place in the future on an alternate world (Earth-2992) that was not identical to the alternate Marvel Universe on Earth-928 featured in the 1990s Marvel 2099 books. The Ultimate Marvel version of the Marvel Knights team made its debut in Ultimate Spider-Man #106 in the arc called "Warriors". The members of the Ultimate Marvel version of

393-403: A valuation of the reorganized business. Bankruptcy valuation is often highly contentious because it is both subjective and important to case outcomes. The methods of valuation used in bankruptcy have changed over time, generally tracking methods used in investment banking, Delaware corporate law, and corporate and academic finance, but with a significant time lag. Chapter 11 retains many of

524-411: A blind Vietnam veteran against a frameup ; Lee has cited it as one of the favorite stories of his career. Matt discloses his secret identity to his girlfriend Karen Page in issue #57. However, the revelation proves too much for her, and she breaks off the relationship. This was the first of several long-term breakups between Matt and Karen, who remains a recurring character up until her death in

655-549: A character as the shadowy crimefighter; the stories often took place on the rooftop level, with water towers, pipes and chimneys jutting out to create a skyline reminiscent of German Expressionism 's dramatic edges and shadows. Following up a suggestion from O'Neil that he give Daredevil a realistic fighting style, Miller introduced ninjas into the Daredevil canon, bringing a martial-arts aspect to Daredevil's fighting skills, and introducing previously unseen characters who had played

786-460: A drug addict, and betrays Murdock's confidence by selling his secret identity to criminals. However, she returns to New York and begs forgiveness, which Murdock gives her, and she recovers from her drug addiction. She is later killed by Bullseye as well, however. Daredevil later has his secret identity revealed again, is imprisoned, runs for mayor of New York, and experiences many other adventures and misfortunes. Critics have commented that Daredevil

917-567: A fearsome ninja assassin. Writer/artist Frank Miller 's influential tenure on the title in the early 1980s cemented the character as a popular and influential part of the Marvel Universe . Miller introduced elements of film noir and ninja films , and subsequent writers for the title have continued these themes and imagery. Daredevil is a critically acclaimed series, and has won multiple Eisner Awards , in particular for authors Brian Michael Bendis , Ed Brubaker , and Mark Waid . Daredevil

1048-536: A fight , leaving Matt an orphan. He hones his physical abilities and superhuman senses under the tutelage of a mysterious blind stranger named Stick , eventually becoming a highly skilled and expert martial artist. Some years later, after graduating from Columbia Law School , Murdock seeks out the criminal element in Hell's Kitchen and begins to fight crime. He targets the local gangsters who murdered his father and succeeds in bringing them to justice. Eventually, in somewhat of

1179-454: A half of his existence, prior to Miller's re-invention. The character debuted in Marvel Comics ' Daredevil #1 ( cover date April 1964), created by writer-editor Stan Lee and artist Bill Everett , with character design input from Jack Kirby , who devised Daredevil's billy club. Writer and comics historian Mark Evanier has suggested without confirmation that Kirby also designed

1310-474: A hero and to a confrontation with Spider-Man. Murdock later abandons his Daredevil persona and focuses on his job as a parole officer, feeling that Daredevil does not bring justice and only harms the Hell's Kitchen community. His mantle is taken up by several vigilantes trying to replace Daredevil, eventually leading Murdock to don a black variation of Daredevil's outfit and fight against the mob, which has taken over Hell's Kitchen, usurping Wilson Fisk's control over

1441-651: A juxtaposition to his Catholic upbringing, Matt dons a costumed attire modeled after a devil and takes up a dual life of fighting against the criminal underworld in New York City as the masked vigilante Daredevil, which puts him in conflict with many super-villains, including his arch-enemies Bullseye and the Kingpin . He also becomes a skilled and respected lawyer who forms the law firm Nelson & Murdock with Franklin "Foggy" Nelson , his best friend and roommate. He subsequently meets his ex-girlfriend Elektra , who has become

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1572-487: A law firm, Nelson and Murdock. Karen Page eventually joins the firm, and becomes Nelson's girlfriend after college. Matt begins a second career as a costumed vigilante. He encounters many supervillains. He reveals his secret identity to Page, but she is anxious about the relationship and eventually leaves to pursue a career as an actress in Hollywood. Briefly, Murdock moves to San Francisco and lives with Natasha Romanova , who

1703-563: A major part in his youth: Stick , leader of the ninja clan, the Chaste , who had been Murdock's sensei after he was blinded; a rival organization of assassins called the Hand ; and Elektra , an ex-girlfriend and sometime member of the Hand. This was a drastic change for a character once called "the sightless swashbuckler ." Elektra was killed by Bullseye in issue #181 (April 1982). After #191 Miller left

1834-416: A man from the path of an oncoming truck and is blinded by a radioactive substance that falls from the vehicle. His exposure to the radioactive material heightens his remaining senses beyond normal human ability and gives him a "radar sense." His father, a boxer named Jack Murdock , is a single man raising his now-blind son to form a better life for himself. Jack is killed by gangsters after refusing to throw

1965-466: A motion to convert to chapter 7 or appoint a trustee if either of these actions is in the best interest of all creditors. Sometimes a company will liquidate under chapter 11 (perhaps in a 363 sale), in which the pre-existing management may be able to help get a higher price for divisions or other assets than a chapter 7 liquidation would be likely to achieve. Section 362(d) of the Bankruptcy Code allows

2096-407: A need to prove himself, compensating for his blindness. Miller believes that, like Batman , Daredevil is driven by his concern for justice, but while Batman is primarily concerned with punishing criminals, Daredevil is more interested in finding redress for victims. The contrast between his love of the law in his regular life and his exceptional vigilante activities often produces problems for him. He

2227-529: A new character masquerading as Daredevil in Hell's Kitchen . Murdock later discovered the ersatz Daredevil is his friend Danny Rand, the superhero Iron Fist . Murdock is also imprisoned in this period. The series returned to its original numbering with issue #500 (Oct. 2009), which followed vol. 2, #119 (Aug. 2009). Brubaker won Eisner Awards for Best Writer for his work on Daredevil and other titles in 2007, 2008, and 2010. In 2009, new writer Andy Diggle revised

2358-492: A nonprofit drug and legal clinic. Nocenti crafted stories confronting feminism , drug abuse , nuclear proliferation , and animal rights -inspired terrorism. She introduced the antagonist Typhoid Mary , and in issues #262–265 used the Inferno event as a backdrop for the collapse of Daredevil's life: the clinic is destroyed, Page goes missing after learning that Matt has had an affair with Mary Walker, and Walker reveals herself as

2489-415: A number of mechanisms to restructure its business. A debtor in possession can acquire financing and loans on favorable terms by giving new lenders first priority on the business's earnings. The court may also permit the debtor in possession to reject and cancel contracts. Debtors are also protected from other litigation against the business through the imposition of an automatic stay . While the automatic stay

2620-525: A place for top talent to work without constraints, and deliver the kind of product fans deserve! The change began with Daredevil #82, Black Panther #14, Moon Knight #1, Squadron Supreme #1, and Wolverine #42. Marvel Knights Spider-Man became The Sensational Spider-Man with issue #23, and Marvel Knights 4 (featuring the Fantastic Four ) became simply 4 with issue #28. Fury: Peacemaker , by Garth Ennis and Darick Robertson ,

2751-410: A plan during the period of exclusivity. This period allows the debtor 120 days from the date of filing for chapter 11 to propose a plan of reorganization before any other party in interest may propose a plan. If the debtor proposes a plan within the 120-day exclusivity period, a 180-day exclusivity period from the date of filing for chapter 11 is granted in order to allow the debtor to gain confirmation of

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2882-479: A price war against competitors — all with the bankruptcy court's approval. Studies on the impact of forestalling the creditors' rights to enforce their security reach different conclusions. Chapter 11 cases dropped by 60% from 1991 to 2003. One 2007 study found this was because businesses were turning to bankruptcy-like proceedings under state law, rather than the federal bankruptcy proceedings, including those under chapter 11. Insolvency proceedings under state law,

3013-442: A reorganization; a conversion into chapter 7 liquidation, or it is dismissed. In order for a chapter 11 debtor to reorganize, they must file (and the court must confirm) a plan of reorganization. Simply put, the plan is a compromise between the major stakeholders in the case, including, but not limited to the debtor and its creditors. Most chapter 11 cases aim to confirm a plan, but that may not always be possible. Section 1121(b) of

3144-589: A series of adventures involving such villains as the Owl , Stilt-Man , the Gladiator , and the Enforcers . In issue #16 (May 1966), he meets Spider-Man , who will eventually become one of Daredevil's closest friends. A letter from Spider-Man unintentionally exposes Daredevil's secret identity, compelling him to adopt a third identity as his twin brother Mike Murdock, whose carefree, wisecracking personality more closely resembles

3275-420: A six issue limited anniversary run entitled Marvel Knights 20th was started in 2018 and ran into 2019. The Marvel Knights team was a name given to Daredevil 's unnamed superhero team. Besides Daredevil, the line-up consisted of Black Widow , Cloak and Dagger , Morbius , Elektra , Blade , Ghost Rider , The Punisher , Moon Knight , Shang-Chi , Black Knight and Luke Cage . In 2004, Marvel Comics held

3406-596: A story arc overlapping Wolfman, Shooter, and McKenzie's runs on the series, Daredevil reveals his identity to Glenn and becomes partially responsible for the suicide of her father. Their relationship would persist, but proves increasingly harmful to both of them. Though the Black Widow returned for a dozen issues (#155–166) and attempted to rekindle her romance with Daredevil, he ultimately rejects her in favor of Glenn. Miller disliked Roger McKenzie's scripts, so new editor Dennis O'Neil fired McKenzie so that Miller could write

3537-550: A subsequent court case to establish a precedent for superheroes testifying in court without the need to expose their secret identities. Despite interference from the Kingpin, Murdock succeeds in taking this precedent to the Supreme Court so that all superheroes will have the same rights in future cases, and afterward returns to his traditional red costume. Following the release of Issue 28, much like with other Marvel series as part of

3668-475: A superpowered vigilante, Matt Murdock would often pretend to have a sighted identical twin brother named Mike Murdock , who Matt would claim was Daredevil whenever his identity was made public knowledge, and he would occasionally impersonate this fabricated twin. In 2018, Mike Murdock is actually brought into existence following Matt Murdock’s encounter with a reality-warping mutant . Charles Soule released his final Daredevil storyline "Death of Daredevil" during

3799-493: A tall building; when the villain survives as a quadriplegic , he breaks into his hospital room and tries to scare him to death by playing a two-man variation on Russian roulette with a secretly unloaded gun. Although still conforming to traditional comic book styles, Miller infused his first issue of Daredevil with his own film noir style. Miller sketched the roofs of New York in an attempt to give his Daredevil art an authentic feel not commonly seen in superhero comics at

3930-404: A working-class Irish-American district of New York City. Suffering from post-partum depression, his mother, Maggie , abandons the family and becomes a nun. His father, "Battlin' Jack" Murdock, is a struggling professional boxer. Matt's father is loving but controlling and over-protective, and physically abusive on one instance. Eventually, Jack Murdock is killed in the ring. As a youth, Matt Murdock

4061-424: Is a devout Catholic and often tormented by religious and moral guilt. However, he also has many romantic affairs, which frequently end badly. Miller also sees the character as driven by sensuality. Psychologist Travis Langley and literary scholar Christine Hanefalk comment that this disposition could be described as a sensation seeking personality trait. They note that while Murdock has had many lovers, his takes

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4192-487: Is a prominent example of a disabled superhero, and has served as inspiration and positive representation for the blind and their advocates. He has appeared in various forms of media, including films and TV series. The character was first portrayed in live action by Rex Smith in the 1989 television film The Trial of the Incredible Hulk , and then by Ben Affleck in the 2003 film Daredevil . Charlie Cox portrays

4323-429: Is also a costumed adventurer under the name Black Widow. After they break up, he returns to New York and begins a relationship with Heather Glenn. However, his ex-girlfriend Elektra returns, now a mysterious and fearsome ninja. Together, they find a criminal organization called the Hand. However, she becomes an enforcer for a local crime boss, the Kingpin. She is eventually killed by a hitman, Bullseye. Karen Page has become

4454-479: Is also sometimes ruthless and deceptive, and this can put his friends and loved ones at risk. Timothy Callahan even argues that Murdock is often mentally unstable or even psychotic "in his willingness to layer the fabric of lies in his relationships with others." One of his fundamental conflicts is between his attraction to extra-legal justice and punishment and his simultaneous fascination with objective order and legal, rational explanation. Miller says that Murdock

4585-496: Is drawn to violence because of anger at the world regarding his disability as well as his unresolved conflict with his father. Murdock's father, "Battlin' Jack", was a professional boxer who prohibited Matt from any athletic activity and compelled him to devote his time to study, attempting to mold an entirely different life for his son. Learning of his disobedience, the father resorted to corporal punishment to control his son. These events led Murdock to become obsessed with determining

4716-417: Is in place, creditors are stayed from any collection attempts or activities against the debtor in possession, and most litigation against the debtor is stayed, or put on hold, until it can be resolved in bankruptcy court, or resumed in its original venue. An example of proceedings that are not necessarily stayed automatically are family law proceedings against a spouse or parent. Further, creditors may file with

4847-408: Is severable. The trustee or debtor-in-possession normally assumes a contract or lease if it is needed to operate the reorganized business or if it can be assigned or sold at a profit. The trustee or debtor-in-possession normally rejects a contract or lease to transform damage claims arising from the nonperformance of those obligations into a prepetition claim. In some situations, rejection can also limit

4978-491: Is struck by a truck carrying radioactive materials. The accident blinds him, but gives him enhanced senses that give him extraordinary perception of his environment. Matt is mentored by Stick, a mysterious sensei. Matt is driven to bring his father's killers to justice, and eventually does so. Matt attends Columbia University and meets Foggy Nelson and Elektra Natchios . Nelson becomes Murdock's best friend, and Elektra becomes Matt's first serious girlfriend. Matt and Foggy found

5109-444: Is treated as a contested matter under Bankruptcy Rule 9014. A party seeking relief from the automatic stay must also pay the filing fee required by 28 U.S.C.A. § 1930(b). In the new millennium, airlines have fallen under intense scrutiny for what many see as abusing Chapter 11 bankruptcy as a tool for escaping labor contracts, usually 30–35% of an airline's operating cost. Every major US airline has filed for Chapter 11 since 2002. In

5240-425: Is unusually psychologically complex, by the standards of comic-book superheroes. He is highly determined and willing to make bold decisions to in order to fight crime in his city. In his public personality, as trial lawyer Matt Murdock, he also tries to defend his clients and to work within the established legal system. Miller argues that Murdock has taken on two demanding careers (as lawyer and vigilante) because of

5371-553: The Marvel Legacy event, the Daredevil series renumbered, as if it had never been relaunched, with #595 which was released on November 8, 2017, where Daredevil's longtime nemesis the Kingpin became the Mayor of New York City and begins a campaign to make costumed vigilantes officially criminals. Although Murdock's attempt to set up a sting operation results in his allies being arrested when

Marvel Knights - Misplaced Pages Continue

5502-485: The Black Widow as a co-star for the series. The Black Widow served as Daredevil's crime-fighting ally as well as his lover for issues #81–124 (Nov. 1971–Aug. 1975). Issues #92-107 were published under the title Daredevil and the Black Widow . The writing and editing jobs went to Marv Wolfman with issue #124. He wrote the Black Widow out of the series and returned Daredevil to Hell's Kitchen. Wolfman promptly introduced

5633-465: The automatic stay of § 362. The automatic stay requires all creditors to cease collection attempts, and makes many post-petition debt collection efforts void or voidable. Under some circumstances, some creditors, or the United States Trustee , can request the court convert the case into a liquidation under chapter 7, or appoint a trustee to manage the debtor's business. The court will grant

5764-507: The "Marvel Knights" banner would move to the Marvel Universe imprint and that "Marvel Knights" would afterward contain high-profile limited series . Quesada explained that Marvel Knights... is the showcase for "evergreen events" — self-contained limited series that think outside the box , that challenge readers to re-think their favorite Marvel characters and re-evaluate the legends that surround them. In other words, Marvel Knights will be

5895-456: The 10-Q filed on November 11, 2001. The company announced that the annual financials were under review at the time of filing for Chapter 11. Daredevil (Marvel Comics character) Daredevil is a superhero appearing in American comic books published by Marvel Comics . Created by writer-editor Stan Lee and artist Bill Everett , with an unspecified amount of input from Jack Kirby ,

6026-480: The 2018 Black Panther film, the characters they created have been noted as coming directly from the comics. Christopher Priest credited the Dora Milaje to both Joe Quesada and Jimmy Palmiotti . In 2010, Shout! Factory and Marvel Comics teamed up to release a roster of motion comic animated series on DVD. The following titles have been released thus far: Chapter 11 bankruptcy Chapter 11 of

6157-405: The Bankruptcy Code provides for an exclusivity period in which only the debtor may file a plan of reorganization. This period lasts 120 days after the date of the order for relief, and if the debtor does file a plan within the first 120 days, the exclusivity period is extended to 180 days after the order for relief for the debtor to seek acceptance of the plan by holders of claims and interests. If

6288-483: The Bankruptcy Code), so, only a debtor can file a plan of reorganization . The SBRA requires the U.S. Trustee appoint a "subchapter V trustee" to every Subchapter V case to supervise and control estate funds, and facilitate the development of a consensual plan. It also eliminates automatic appointment of an official committee of unsecured creditors and abolishes quarterly fees usually paid to the U.S. Trustee throughout

6419-577: The Daredevil guise than the stern, studious, and emotionally-withdrawn Matt Murdock. The "Mike Murdock" plotline was used to highlight the character's quasi- multiple personality disorder (he at one point wonders whether Matt or Mike/Daredevil "is the real me" ). This proved confusing to readers, and was dropped in issues #41–42; Daredevil fakes Mike Murdock's death and claims he had trained a replacement Daredevil. The series' 31-issue run by writer-editor Stan Lee and penciller Gene Colan (beginning with issue #20) includes Daredevil #47, in which Murdock defends

6550-528: The Eisner Award for Daredevil in 2012. Daredevil joins the New Avengers in a story written by former Daredevil series writer Brian Michael Bendis . Daredevil appeared as a regular character in the 2010–2013 New Avengers series in issues #16–34 (November 2011 – January 2013). At one point, Foggy begins to question Matt's sanity, ultimately leading to a fallout between the two. They reconcile once

6681-488: The Fixer to his fatal heart attack. McKenzie created chain-smoking Daily Bugle reporter Ben Urich , who deduces Daredevil's secret identity over the course of issues #153–163, and had Daredevil using the criminal underworld of Hell's Kitchen as an information network, adding several small-time crooks to the supporting cast. Halfway through his run, McKenzie was joined by penciller Frank Miller with issue #158 (May 1979). In

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6812-445: The Fixer, a known gangster, and the only man willing to contract the aging boxer. When he refuses to throw a fight because his son is in the audience, he is killed by one of the Fixer's men. Having promised his father not to use violence to deal with his problems, Matt adopts a new identity who can use physical force. Adorned in a yellow and black costume made from his father's boxing robes and using his superhuman abilities, Matt confronts

6943-400: The Kingpin to justice. Frank Miller returned to the character and his origins with the 1993 five-issue Daredevil: The Man Without Fear miniseries. With artist John Romita Jr. , Miller expanded his retcon of the life and death of Murdock's father, "Battling Jack" Murdock, and Murdock's first encounters with the Kingpin and Foggy Nelson. The role of Stick in the genesis of Daredevil

7074-417: The Kingpin turns this trap against him, Fisk's legal manipulations work against him when he is attacked by the Hand, leaving Fisk in a coma and Murdock legally mayor of New York from his position as deputy mayor due to a loophole added by a prior administration that had not been amended, allowing Matt to take control of the city and release his fellow heroes to help him stop the Hand. Throughout his career as

7205-461: The Marvel Knight include Daredevil , Doctor Strange , Shang-Chi , Iron Fist , Moon Knight , and Spider-Man . After Shang-Chi made an unsuccessful attack on the Kingpin, he was recruited by Daredevil to help bring down the Kingpin for good. Later, Daredevil, as Matt Murdock, met Spider-Man and asked him to join the group, with the plan of killing the Kingpin. Spider-Man objected to killing, and

7336-545: The October and November 2018 releases, in a 4-part bimonthly release which ended the series. Afterwards the series went on hiatus for two months and resumed distribution in February 2019, with a brand-new volume written by Chip Zdarsky . The primary artist on the series is Marco Checchetto. This new volume follows Daredevil's return to crime-fighting as he accidentally kills a robber during an arrest, leading him to doubt his status as

7467-461: The Purple Children acquired a machine designed by their father to enhance his powers after Matt had saved them from a mob, they used the machine to erase the world's knowledge of Matt's identity as Daredevil, Matt only allowing Foggy to know his secret identity afterward, enabling him to be re-instated as a New York Attorney. Using his restored secret identity, Murdock is able to take advantage of

7598-616: The United States Bankruptcy Code ( Title 11 of the United States Code ) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy , is available to every business , whether organized as a corporation , partnership or sole proprietorship , and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs

7729-469: The acclaimed " Born Again " storyline in #227–233. In the Born Again storyline, Karen Page returns as a heroin-addicted porn star, and sells Daredevil's secret identity for drug money. The Kingpin acquires the information and, in an act of revenge, orchestrates a frameup that costs Murdock his attorney's license. Miller ended the arc on a positive note, with Murdock reuniting with both Karen Page and Maggie ,

7860-433: The advantages of a traditional Chapter 11 case without the unnecessary procedural burdens and costs. It seeks to increase the debtor's ability to negotiate a successful reorganization and retain control of the business and increase oversight and ensure a quick reorganization. A Subchapter V case contrasts from a traditional Chapter 11 in several key aspects: it is earmarked only for the "small business debtor" (as defined by

7991-671: The alter ego of Typhoid Mary. Murdock subsequently becomes a drifter in upstate New York , an especially controversial move in Nocenti's run, as it marked the first time the character had been taken outside of an urban environment. She ended her run with a positive turn in Murdock's fortunes. He returns to Hell's Kitchen, regains his sense of self, reconciles with Foggy Nelson, and resolves to seek out Karen Page. New writer D. G. Chichester continued from where Nocenti left off, with Murdock resuming his friendship with Foggy Nelson , struggling to re-win

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8122-508: The automatic stay provisions of the Bankruptcy Code. In August 2019, the Small Business Reorganization Act of 2019 ("SBRA") added Subchapter V to Chapter 11 of the Bankruptcy Code. Subchapter V, which took effect in February 2020, is reserved exclusively for the small business debtor with the purpose of expediting bankruptcy procedure and economically resolving small business bankruptcy cases. Subchapter V retains many of

8253-505: The basic image of Daredevil's initial costume, though Everett modified it. That original costume design was a combination of black, yellow, and red, reminiscent of acrobat tights. The first issue covered both the character's origins and his desire for justice on the man who had killed his father, boxer "Battling Jack" Murdock , who raised young Matthew Murdock in the Hell's Kitchen neighborhood of Manhattan , New York City. Jack instills in Matt

8384-461: The basis for the majority of the final cover image, although numerous alterations were made during the process. Paul Young indicates that the basic concept of the character as a heroic blind vigilante is probably inspired by the symbol and motif of blind justice . The character was generally considered second-string in Marvel's pantheon of heroes, and had low commercial viability, for the first decade and

8515-483: The beaten path — boiling these archetypes down to their cores. We want to build on the tradition of limited series like Ennis and Crain 's Ghost Rider , Frank Cho 's Shanna, the She-Devil and Robert Rodi and Ribić 's Loki — each of which offered very distinct visions for Marvel characters, and each of which — judging by sales numbers — were embraced by fandom. Marvel Knights became dormant after 2013. However,

8646-441: The best interests of the creditors and the estate, the case may be dismissed resulting in a return to the status quo before bankruptcy. If the case is dismissed, creditors will look to non-bankruptcy law in order to satisfy their claims. In order to proceed to the confirmation hearing, a disclosure statement must be approved by the bankruptcy court. Once the disclosure statement is approved, the plan proponent will solicit votes from

8777-433: The business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to the owners of the company. In Chapter 11, in most instances the debtor remains in control of its business operations as a debtor in possession , and is subject to the oversight and jurisdiction of the court. A Chapter 11 bankruptcy will result in one of three outcomes for

8908-512: The case. Most notably, Subchapter V allows the small business owner to retain their equity in the business so long as the reorganization plan does not discriminate unfairly and is fair and equitable with respect to each class of claims or interests. The reorganization and court process may take an inordinate amount of time, limiting the chances of a successful outcome and sufficient debtor-in-possession financing may be unavailable during an economic recession. A preplanned, pre-agreed approach between

9039-627: The character in the Marvel Television series Daredevil (2015–2018). He reprises the role in the miniseries The Defenders (2017), the Marvel Studios film Spider-Man: No Way Home (2021), and the Disney+ television series She-Hulk: Attorney at Law (2022) and Echo (2024). Cox will return in Daredevil: Born Again (2025). According to Steve Ditko , Stan Lee presented

9170-573: The character first appeared in Daredevil #1 (April 1964). Daredevil is the alias of Matthew Michael " Matt " Murdock , a lawyer blinded in childhood in a chemical accident that gave him special abilities. He is commonly known by such epithets as "Hornhead", "The Man Without Fear", and "The Devil of Hell's Kitchen". While growing up in New York City 's Hell's Kitchen , a crime-ridden, working-class , Irish-American neighborhood, Murdock pushes

9301-433: The character's powers and perception of the physical world. In the premiere issue, Murdock finds he can no longer serve as a trial lawyer due to past allegations of his being Daredevil causing a case he represents in court to turn into a media circus. Two issues later, Nelson and Murdock have developed a new business strategy of serving as consulting counselors, by teaching clients how to represent themselves in court. Waid won

9432-471: The classes of creditors. Solicitation is the process by which creditors vote on the proposed confirmation plan. This process can be complicated if creditors fail or refuse to vote. In which case, the plan proponent might tailor his or her efforts in obtaining votes, or the plan itself. The plan may be modified before confirmation, so long as the modified plan meets all the requirements of Chapter 11. A chapter 11 case typically results in one of three outcomes:

9563-596: The conclusion of that series, another Daredevil series, also written by Zdarsky, was launched in July 2022. In May 2023, it was announced that volume 7 and Zdarksy's time on Daredevil would conclude with issue #14 in August 2023, with a new volume written by Saladin Ahmed and drawn by Aaron Kuder set to launch in September that same year. Matthew Murdock is born in Hell's Kitchen,

9694-442: The cost of litigating the chapter 11 case) are paid first. Secured creditors —creditors who have a security interest , or collateral , in the debtor's property—will be paid before unsecured creditors. Unsecured creditors' claims are prioritized by § 507. For instance the claims of suppliers of products or employees of a company may be paid before other unsecured creditors are paid. Each priority level must be paid in full before

9825-408: The court must determine whether the plan is "feasible, " in other words, the court must safeguard that confirming the plan will not yield to liquidation down the road. The plan must ensure that the debtor will be able to pay most administrative and priority claims (priority claims over unsecured claims ) on the effective date. Like other forms of bankruptcy, petitions filed under chapter 11 invoke

9956-442: The court seeking relief from the automatic stay. If the business is insolvent , its debts exceed its assets and the business is unable to pay debts as they come due, the bankruptcy restructuring may result in the company's owners being left with nothing; instead, the owners' rights and interests are ended and the company's creditors are left with ownership of the newly reorganized company. All creditors are entitled to be heard by

10087-409: The court to terminate, annul, or modify the continuation of the automatic stay as may be necessary or appropriate to balance the competing interests of the debtor, its estate, creditors, and other parties in interest and grants the bankruptcy court considerable flexibility to tailor relief to the exigencies of the circumstances. Relief from the automatic stay is generally sought by motion and, if opposed,

10218-436: The court. The court is ultimately responsible for determining whether the proposed plan of reorganization complies with bankruptcy laws. One controversy that has broken out in bankruptcy courts concerns the proper amount of disclosure that the court and other parties are entitled to receive from the members of the creditor's committees that play a large role in many proceedings. Chapter 11 usually results in reorganization of

10349-406: The creditors' objection, the plan must not discriminate against that class of creditors, and the plan must be found fair and equitable to that class. Upon confirmation, the plan becomes binding and identifies the treatment of debts and operations of the business for the duration of the plan. If a plan cannot be confirmed, the court may either convert the case to a liquidation under chapter 7, or, if in

10480-427: The damages that a contract counterparty can claim against the debtor. Chapter 11 follows the same priority scheme as other bankruptcy chapters. The priority structure is defined primarily by § 507 of the Bankruptcy Code ( 11 U.S.C.   § 507 ). As a general rule, administrative expenses (the actual, necessary expenses of preserving the bankruptcy estate, including expenses such as employee wages, and

10611-597: The debtor and its creditors (sometimes called a pre-packaged bankruptcy ) may facilitate the desired result. A company undergoing Chapter 11 reorganization is effectively operating under the "protection" of the court until it emerges. An example is the airline industry in the United States; in 2006 over half the industry's seating capacity was on airlines that were in Chapter 11. These airlines were able to stop making debt payments, break their previously agreed upon labor union contracts, freeing up cash to expand routes or weather

10742-413: The debtor's business or personal assets and debts, but can also be used as a mechanism for liquidation. Debtors may "emerge" from a chapter 11 bankruptcy within a few months or within several years, depending on the size and complexity of the bankruptcy. The Bankruptcy Code accomplishes this objective through the use of a bankruptcy plan. The debtor in possession typically has the first opportunity to propose

10873-410: The debtor: reorganization, conversion to Chapter 7 bankruptcy, or dismissal. In order for a Chapter 11 debtor to reorganize, the debtor must file (and the court must confirm) a plan of reorganization. In effect, the plan is a compromise between the major stakeholders in the case, including the debtor and its creditors. Most Chapter 11 cases aim to confirm a plan, but that may not always be possible. If

11004-426: The district. After he helps save Hell's Kitchen, Daredevil, still in his mask, gives himself up to police custody, stating that he wants to stand trial for his crimes but will only do so on the condition his identity is never revealed. He voluntarily confesses to the killing and is sentenced to a prison term. While Matt serves his time, Elektra takes up the Daredevil costume and protects Hell's Kitchen at his behest. In

11135-547: The earliest issues of Daredevil . The supervillains the Owl and the Purple Man appear as antagonists . In this story, Daredevil credits Page with coining the phrase "The Man Without Fear", and she suggests to Daredevil he wear all maroon instead of dark red and yellow. Issue #26 (December 2001) brought back Brian Michael Bendis . Developments in this run included the introduction of romantic interest and future wife Milla Donovan ,

11266-401: The exposure of Murdock's identity as Daredevil continued as a plot point in storylines by the new creative team, writer Ed Brubaker and artist Michael Lark . Brubaker and Lark began with Daredevil vol. 2, #82 (Feb. 2006). Brubaker says that, in his view, "Daredevil is one of the most experimental mainstream comics there is," and cited inspiration from noir fiction . His first story arc had

11397-423: The features present in all, or most, bankruptcy proceedings in the United States. It provides additional tools for debtors as well. Most importantly, 11 U.S.C.   § 1108 empowers the trustee to operate the debtor's business. In Chapter 11, unless a separate trustee is appointed for cause, the debtor, as debtor in possession, acts as trustee of the business. Chapter 11 affords the debtor in possession

11528-587: The first two issues released in December 2015. In this series, Matt returns to New York, where he now works as an Assistant District Attorney. He had a redesigned costume and a new apprentice in Samuel Chung, an undocumented immigrant who has been living in New York's Chinatown since he was a child, who has taken up the codename Blindspot . Flashbacks in a later story arc reveal how Matt regained his secret identity; when

11659-482: The following arc, "Wake Up" in vol. 2, #16–19 (May 2001 – August 2001), which follows reporter Ben Urich as he investigates the aftereffects of a fight between Daredevil and the new Leap-Frog . The 2001 Daredevil: Yellow miniseries presented another take on Daredevil's origins using letters written to Karen Page after her death. The series depicts the early rivalry between Matt Murdock and Foggy Nelson for Page's affection, and incorporates many events depicted in

11790-566: The ground work for several Marvel TV and movie story ideas and concepts. The title went on to feature Black Widow, new Punisher titles, the Sentry and several more events. In 2000, two-and-a-half years after starting Marvel Knights — and in large part due to the imprint's success — Quesada was named editor-in-chief of Marvel Comics. Palmiotti remained involved in some of the titles for a limited period either inking or editing before leaving. In early 2006 Quesada announced that all ongoing titles under

11921-460: The group agreed to let Moon Knight, under the persona of Ronin join the Kingpin's employ. Ronin forcibly brought Spider-Man to the Kingpin as a captive. The Kingpin ties him up, unmasks him and tortures him and mocks him for being a teenager. After revealing that he knew that Ronin was Moon Knight, Kingpin had him beaten nearly to death, and let Spider-Man leave with the knowledge that one of the Knights

12052-587: The hands of the Black Panther in the briefly retitled series' Black Panther: Man Without Fear #513. Murdock finds himself renewed in the miniseries Daredevil: Reborn #1–4 (March–July 2011), where he confronts a drug dealer with the power to make his opponents live their darkest fears. He reaffirms his role as the man without fear as he confronts his enemy's taunts and resolves to return to New York. In July 2011, Daredevil relaunched with vol. 3, #1 (Sept. 2011), with writer Mark Waid . Waid focused on emphasizing

12183-458: The heart of Karen Page, appealing the revocation of his attorney's license, and bonding more deeply than ever with Hell's Kitchen. Chichester's focus on Daredevil's relationship with New York City went so far as to have two issues devoted entirely to Daredevil defending New Yorkers from ordinary criminals and even simple accidents. The critically acclaimed "Last Rites" arc from #297–300 saw Daredevil regaining his attorney's license and finally bringing

12314-501: The importance of education and nonviolence with the aim of seeing his son become a better man than himself. In the course of saving a blind man from the path of an oncoming truck, Matt is blinded by a radioactive substance that falls from the vehicle. The radioactive exposure heightens his remaining senses beyond normal human limits, and gives him a kind of "radar" sense, enabling him to detect the shape and location of objects around him. To support his son, Jack Murdock returns to boxing under

12445-477: The imprint focused on strong stand-alone stories and high production qualities. In addition to the headlining Daredevil title with Smith/Quesada/Palmiotti, the line also featured initial release titles of Punisher (from Christopher Golden, Bernie Wrightson and Jimmy Palmiotti); the Inhumans (Paul Jenkins, Jae Lee and Jose Villarrubia) and Black Panther (Christopher Priest and Mark Texeria). Several of these titles laid

12576-491: The independent comics world to bring in creators such as David W. Mack , Mike Oeming , Brian Michael Bendis , Garth Ennis and Steve Dillon . Quesada himself also illustrated a Daredevil story written by film director Kevin Smith with Palmiotti inking the title book. Marvel Knights stepped away from the long-running story arcs and heavy focus on continuity that was a prime feature of Marvel Comics during this period; instead,

12707-434: The judge approves the reorganization plan and the creditors all "agree", then the plan can be confirmed. §1129 of the Bankruptcy Code requires the bankruptcy court reach certain conclusions prior to "confirming" or "approving" the plan and making it binding on all parties in the case. Most importantly, the bankruptcy court must find the plan (a) complies with applicable law, and (b) has been proposed in good faith. Furthermore,

12838-407: The judge approves the reorganization plan and the creditors all agree, then the plan can be confirmed. Section 1129 of the Bankruptcy Code requires the bankruptcy court reach certain conclusions prior to confirming or approving the plan and making it binding on all parties in the case, most notably that the plan complies with applicable law and was proposed in good faith. The court must also find that

12969-575: The killers as the superhero Daredevil, unintentionally causing the Fixer to have a fatal heart attack. Wally Wood introduced Daredevil's modern red costume in issue #7, which depicts Daredevil's battle against the far more powerful Sub-Mariner , and has become one of the most iconic stories of the series. In issue #8, it is revealed that his mask contains a complex radio receiver, and that his horns are both antennae to pick up radio signals and amplifiers of his own super-sensory radar blips. However, these concepts would be dropped. Daredevil embarks on

13100-433: The late 1990s. Gerry Conway took over as writer with issue #72, and turned the series in a pulp science fiction direction: a lengthy story arc centered on a robot from thousands of years in the future trying to change history. Even long-standing arch-villain the Owl was outfitted with futuristic weaponry and vehicles. Conway also moved Daredevil to San Francisco beginning with Daredevil #86, and simultaneously brought on

13231-503: The lively but emotionally fragile Heather Glenn to replace the Black Widow as Daredevil's love interest. Wolfman's 20-issue run included the introduction of one of Daredevil's most popular villains, Bullseye , and a story arc in which the Jester uses computer-generated images to manipulate the mass media. With issue #144, Jim Shooter became the writer and introduced Paladin in issue #150 (Jan. 1978). Shooter had difficulty keeping up with

13362-472: The mother he thought dead, now a nun. Miller's period of authorship was enormously commercially successful; his story arcs on Daredevil were the only sales competition for Chris Claremont 's Uncanny X-Men , the consistent top seller in the 1980s. Ann Nocenti later became the series's longest-running regular writer, with a four-and-a-quarter-year run from #238–291 (Jan. 1987 – April 1991). In this period, Murdock returns to law by co-founding with Page

13493-505: The new series, written by filmmaker Kevin Smith . Its first story arc, " Guardian Devil ", depicts Daredevil struggling to protect a child whom he is told could either be the Messiah or the Anti-Christ . Murdock experiences a crisis of faith exacerbated by the discovery that Karen Page has AIDS (later revealed to be a hoax) and her subsequent death at Bullseye 's hands. When he discovers that

13624-404: The next lower priority level may receive payment. Section 1110 ( 11 U.S.C.   § 1110 ) generally provides a secured party with an interest in an aircraft the ability to take possession of the equipment within 60 days after a bankruptcy filing unless the airline cures all defaults. More specifically, the right of the lender to take possession of the secured equipment is not hampered by

13755-522: The outing once again of Murdock's secret identity, the reemergence of the Kingpin, and Daredevil's surrender to the FBI. Bendis won an Eisner Award for Best Writer for his work on Daredevil , as well as other concurrent titles, in 2002 and 2003. Daredevil by Bendis and Maleev also won the Eisner for Best Continuing Series in 2003. Bendis says he was congratulated for this achievement by Frank Miller. The impact of

13886-416: The police, revealed his secret identity, and said that Kingpin tried to kill him, which gave the police enough to arrest Kingpin on attempted murder charges. At the end of the arc there were brief images of the team going their separate ways: Shang-Chi caught a train out of town, Iron Fist returned to his daughter, Dr. Strange went back to his sanctum, and Daredevil berated himself at a church. Marvel Knights

14017-477: The prison, Murdock grapples with the idea that Daredevil and Matt Murdock work together to put people in prison, which he comes to see as ruining people's lives without reforming them or setting them on the right path. In August 2021, it was confirmed that volume 6 of the series would end in November 2021, at Issue #36. The series lead into the crossover event " Devil's Reign " with the same creative team. Following

14148-402: The process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. When a business is unable to service its debt or pay its creditors , the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7,

14279-433: The proper moral and legal rules for behavior, and to develop a highly ambivalent relationship to combat sports and thrill-seeking behavior. Film and comic scholar Paul Young points out that the stories often depict a gap between Murdock's stated motivations and his actions, demonstrating that Murdock has inherently limited self-knowledge and sometimes deceives himself with incomplete justifications for his choices. Murdock

14410-421: The proposed plan. With some exceptions, the plan may be proposed by any party in interest. Interested creditors then vote for a plan. If the judge approves the reorganization plan and the creditors all agree, then the plan can be confirmed. If at least one class of creditors objects and votes against the plan, it may nonetheless be confirmed if the requirements of cramdown are met. In order to be confirmed over

14541-410: The proposition of launching a new Daredevil series, offering the option to resurrect the original character or craft a novel one, provided it bore some resemblance to Spider-Man . He declined the assignment, citing his existing commitments. Faced with the unavailability of Ditko, Lee sought the creative input of Jack Kirby to design the envisioned new character. Kirby's initial design sheet formed

14672-545: The reorganization plan is feasible in that, unless the plan provides otherwise, the plan is not likely to be followed by further reorganization or liquidation. In a Chapter 11 bankruptcy, the debtor corporation is typically recapitalized so that it emerges from bankruptcy with more equity and less debt, a process through which some of the debtor corporation's debts may be discharged. Determinations as to which debts are discharged, and how equity and other entitlements are distributed to various groups of investors, are often based on

14803-421: The schedule, and the writing chores were shortly turned over to Roger McKenzie . McKenzie's work on Daredevil reflected his background in horror comics, and the stories and even the character himself took on a much darker tone: Daredevil battled a personification of death, one of his archenemies was bifurcated by a tombstone, and a re-envisioning of Daredevil's origin showed him using stalker tactics to drive

14934-504: The series. In this period, Miller modeled Matt Murdock's appearance on the actor Robert Redford . Miller's initial run, first as penciler, then writer/penciler, and last a writer and layout artist begins in May 1979 and ends in February 1983. During this period, circulation doubled, to average sales of 276,812 copies per month. The series made Miller a star in the industry. Miller took writing inspiration from hardboiled crime fiction as well as

15065-402: The series. O'Neil switched from editor to writer. He continued McKenzie and Miller's noir take on the series, but backed away from the antihero depiction of the character by having him not only spare Bullseye's life but express guilt over his two previous attempts to kill him. Miller returned as the title's regular writer, co-writing #226 with O'Neil. Miller and artist David Mazzucchelli crafted

15196-566: The shoulders and knee pads. Revamped billy clubs could attach to form nunchucks or a bo staff . His secret identity becomes public knowledge, leading to him fake his own death and assume the new identity of "Jack Batlin". This new identity and costume last for several story arcs, while Murdock finds a way to convince the world that he is not, in fact, secretly Daredevil (courtesy of a double). A short stint by J. M. DeMatteis returned Daredevil to his traditional red costume and Matt Murdock's identity. Under writers Karl Kesel and later Joe Kelly ,

15327-585: The space of 2 years (2002–2004) US Airways filed for bankruptcy twice leaving the AFL–CIO , pilot unions and other airline employees claiming the rules of Chapter 11 have helped turn the United States into a corporatocracy . The trustee or debtor-in-possession is given the right, under § 365 of the Bankruptcy Code, subject to court approval, to assume or reject executory contracts and unexpired leases. The trustee or debtor-in-possession must assume or reject an executory contract in its entirety, unless some portion of it

15458-458: The status quo, with Daredevil assuming leadership of the ninja army the Hand . Daredevil later appeared in the one-shot Dark Reign : The List – Daredevil . Following this came the crossover story arc " Shadowland ", in which it is revealed that Daredevil's recent actions after taking control of the Hand are the result of him being possessed by a demon. Purged of the demon by his allies, Murdock departs New York, leaving his territory in

15589-491: The study stated, are currently faster, less expensive, and more private, with some states not even requiring court filings. However, a 2005 study claimed the drop may have been due to an increase in the incorrect classification of many bankruptcies as "consumer cases" rather than "business cases". Cases involving more than US$ 50 million in assets are almost always handled in federal bankruptcy court, and not in bankruptcy-like state proceeding. The largest bankruptcy in history

15720-603: The superhero comic tradition. For example, he draws on techniques of suspense, dramatic irony, and ambiguous characterization adopted from Raymond Chandler . Miller continued the title in a similar vein to McKenzie. Resuming the drastic metamorphosis the previous writer had begun, Miller took the step of essentially ignoring all of Daredevil's continuity prior to his run on the series; on the occasions where older villains and supporting cast were used, their characterizations and history with Daredevil were reworked or overwritten. Most prominently, dedicated and loving father Jack Murdock

15851-482: The time. Miller cited Will Eisner and Moebius , from the comics tradition, and filmmakers Orson Welles , Fritz Lang , and Alfred Hitchcock as inspirations. One journalist commented: Daredevil's New York, under Frank's run, became darker and more dangerous than the Spider-Man New York he'd seemingly lived in before. New York City itself, particularly Daredevil's Hell's Kitchen neighborhood, became as much

15982-478: The title gained a lighter tone, with Daredevil returning to the lighthearted, wisecracking hero depicted by earlier writers. Matt and Foggy (who now knows of Matt's dual identities) join a law firm run by Foggy's mother, Rosalind Sharpe. In 1998, Daredevil ' s numbering was rebooted, with the title "canceled" with issue #380 and revived a month later as part of the Marvel Knights imprint. Joe Quesada drew

16113-489: The true party responsible for the scheme is Mysterio , who is currently dying of cancer, he leaves Mysterio to commit suicide, deciding to use the money Karen left him in her will to re-open Nelson & Murdock. Smith was succeeded by writer-artist David Mack , who contributed the seven-issue "Parts of a Hole" (vol. 2, #9–15). The arc introduced Maya Lopez, also known as Echo , a deaf martial artist. David Mack brought colleague Brian Michael Bendis to Marvel to co-write

16244-441: The truth is discovered. Daredevil vol. 3 ended at issue #36 in February 2014, in which Matt is forced to publicly reveal his Daredevil identity, resulting in his being disbarred by New York and prompting him to again relocate to San Francisco. Waid and Chris Samnee followed this up with Infinite Comics ' Daredevil: Road Warrior weekly digital miniseries, which focused on an adventure during Matt's trip to San Francisco. It

16375-555: Was a traitor. After a bomb destroyed the law offices of Matt Murdock, Iron Fist was revealed as the traitor, though only because Kingpin threatened his daughter. Iron Fist was sent back to Kingpin to distract him while Daredevil tried to kill his comatose wife. After a standoff between Daredevil, Kingpin, and Spider-Man, Kingpin agreed to leave the country in exchange for his wife's safety, but he secretly and furiously plotted to have Daredevil killed, Dr. Strange's hands broken, and Spider-Man's school blown up. Meanwhile, Moon Knight went to

16506-469: Was also the name of a production arm of Marvel Studios intended to be used to produce some of Marvel's darker and lesser-known titles: Punisher: War Zone and Ghost Rider: Spirit of Vengeance were the only films released under the Marvel Knights banner. The Marvel Knights books have had several influences on Marvel Cinematic Universe movies and TV shows. From the Netflix Marvel TV shows to

16637-442: Was expanded, as was Murdock's doomed love affair with Elektra. The creative team of Chichester and penciler Scott McDaniel changed the status quo with their "Fall From Grace" storyline in issues #319–325 (Aug. 1993 – Feb. 1994). Elektra , who was resurrected in #190 but had not been seen since, finally returned. An injured Daredevil creates a more protective costume from biomimetic materials: red and gray with white armor on

16768-445: Was of the US investment bank Lehman Brothers Holdings Inc., which listed $ 639 billion in assets as of its Chapter 11 filing in 2008. The 16 largest corporate bankruptcies as of December 13, 2011 Enron, Lehman Brothers, MF Global and Refco have all ceased operations while others were acquired by other buyers or emerged as a new company with a similar name. ‡ The Enron assets were taken from

16899-409: Was reimagined as a drunkard who physically abused his son Matt, entirely revising Daredevil's reasons for becoming a lawyer. Spider-Man villain Kingpin was introduced as Daredevil's new primary nemesis, displacing most of his large rogues gallery. Daredevil himself was gradually developed into something of an antihero . In issue #181 (April 1982), he attempts to murder Bullseye by throwing him off

17030-578: Was reprinted as issue 0.1 in Daredevil volume 4, which launched under Waid and Samnee with a new issue #1 (March 2014) as part of the All-New Marvel NOW! storyline centered on Matt's new life in San Francisco. Daredevil volume 4 ended with issue #18 in September 2015. A new volume began as part of the All-New, All-Different Marvel branding, written by Charles Soule with art by Ron Garney with

17161-629: Was the first limited series to launch under the redefined imprint in February 2006. This was followed by Silver Surfer: Requiem by J. Michael Straczynski and Esad Ribić (2007), Spider-Man: Reign by Kaare Andrews (late 2006), Ghost Rider by Garth Ennis and Clayton Crain (2007), and Captain America: The Chosen (September 2007). Marvel Knights editor Axel Alonso wrote in a press release: These stand alone stories won't just challenge readers to re-think their favorite Marvel legends. . . . Oftentimes, we'll focus on characters that are off

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