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New York Federal Court Upholds Bankruptcy Court Fraudulent Conveyance Finding for Tax Sale…
United States: New York Federal Court Upholds Bankruptcy Court Fraudulent Transfer Finding for Tax Sale Foreclosure…
Ask Doug & Polly: Predicting How Much Money a Business Will Need to Sustain Growth and Avoid…
BY DOUG AND POLLY WHITE Special Envoys
QUESTION: I have often heard that a business can go bankrupt. If growth means more sales and more profits, isn't that a…
Seadrill emerges from Chapter 11 bankruptcy
Offshore contract driller Seadrill is out of Chapter 11 after completing its reorganization plan upheld by the U.S. Bankruptcy Court for the Southern District of Texas last October.The restructuring significantly lightened the company's…
The PTL Bankruptcy Case: Sex, Drugs and the Gospel – Not Your Ordinary Bankruptcy Case |…
Columbia, South Carolina is hot during the summer, so the city adopted the motto "Famous Hot" a few years ago. Temperatures frequently exceed 100 degrees in summer. On June 12, 1987, the PTL Club filed Chapter 11 cases in Columbia,…
Croatian luxury food importer initiates pre-bankruptcy proceedings
February 20, 2022 - Selection MM, a well-known Croatian luxury food importer owned by Marijo Mendek, has unfortunately started pre-bankruptcy proceedings.As Poslovny Dnevnik In writing, the Commercial Court of Zagreb has opened the…
Florida Orange Forecast Drops and Chapter 12 Farm Bankruptcy Filings Are Down
Florida Orange Forecast Drops and Chapter 12 Farm Bankruptcy Filings Are Down
From…
Substantive Opinions on Consolidation and Non-Consolidation –…
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In this article, the authors review the elements that should be included in a non-consolidation opinion issued to the lender in the…
Correo Argentino: They request confirmation of the declaration of bankruptcy
The prosecutor Gabriela BoquÃn denounced that the Correo Argentino, of the Macri family, had committed fraud during the 20 years that the race for the creditors lasted and which allowed him to dodge until today the payment…
Killilea has refused a new trial in a long-running bankruptcy case
A US judge this week denied the request of Gayle Killilea, ex-wife of former property developer Sean Dunne, for a new trial and ordered her to provide sufficient assets to pay what, with interest, has…
Use of Reorganization Service Trusts in Bankruptcy
SSince its inception in the Bohai Steel Group bankruptcy reorganization case in 2016, the trust mechanism has regularly appeared in high-profile bankruptcy reorganizations such as those of Tewoo Group, Founder Group and HNA…
Lincoln-Goldfinch Act offers bankruptcy service to immigrants
Lawyers from the Texas-based immigration law firm Lincoln-Goldfinch Law announce that they offer bankruptcy services to immigrants struggling with debt and financial problems.
Austin, United States â February 8, 2022…
Andrew Garfield once explained why bankruptcy was the ‘best thing’ that could happen to…
Although Andrew Garfield is a success actor now, when he was growing up, his family struggled financially. However, in hindsight, Garfield didn't see the situation as entirely negative. He once shared important life lessons…
“No risk of bankruptcy”: the boss of the DNCG on the finances of Ligue 1
" Return
Talk with The TeamJean-Marc Mickeler, the boss of the DNCG (National Directorate of Management Control),…
J&J says Talc plaintiff Attys sent confidential documents to Reuters
By Lauren Berg (February 3, 2022, 11:54 PM EST) - Johnson & Johnson told a Idaho bankruptcy judge on Thursday that attorneys for those suing the pharmaceutical giant over its allegedly harmful talc products had shared confidential…
Crestview Bankruptcy Lawyers Discuss Home Buying After Bankruptcy
Crestview, Florida. - Goals for a new year can range from losing weight and saving for a new car to reducing monthly expenses and taking debt relief action. For some people, buying a new home is number one on an individual's list of…
5th Circle Judge questions FERC contribution to gas bankruptcies
By Keith Goldberg (February 3, 2022, 6:31 PM EST) â A Fifth Circuit judge raised concerns Thursday that giving the Federal Energy Regulatory Commission a formal opinion on whether gas transportation contracts can be…
Knoxville woman sentenced to 44 months in prison for embezzling about $725,000, filing false tax…
Knoxville, Tenn. - On February 3, 2022, Michelle Clabough, 45, of Knoxville, was sentenced to 44 months imprisonment by the Honorable R. Leon Jordan, in the United States District Court for the Eastern District of Tennessee at…
Department of Education tries to rescind student loan forgiveness of man’s bankruptcy
An Delaware court has ruled to discharge $100,000 of student debt of the man who applied for bankruptcy.
A few weeks after, Biden's department of education appealed the decision.
This puts a burden for borrowers whose only choice to…
Does the door close on large third-party versions in the event of bankruptcy?
One of the many powerful tools provided by Chapter 11 is the ability for a debtor to obtain forgiveness of debts through a plan of reorganization. In complex cases, however, debtors often view the release as insufficient to achieve all…
Bankruptcy Group of the Year: Weil
By Rick Archer (February 3, 2022, 2:02 PM EST) â Weil Gotshal & Manges LLP helped pandemic-stricken theater chain AMC manage out-of-court restructuring, bankrupt oil and gas producer Fieldwood Energy with hundreds…
Bankruptcy filings continue to decline despite soaring credit balances
According to US courts, fewer Americans are relying on bankruptcy court to settle their financial affairs. Here's when it might be worth filing for Chapter 7 or Chapter 13 bankruptcy. (iStock)
Bankruptcy filings declined when…
Illiteracy and Credit Card Problems Boost Bankruptcy Shield | Main stories
The Office of the Insolvency Supervisor (OSI) reported that since the COVID-19 pandemic, 44 people and businesses have applied for protection under its regime.
The OSI is a department of the Ministry of Industry, Investment and Trade,…
Recent Developments in Bankruptcy Law, January 2022 – Insolvency/Bankruptcy/Restructuring
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1. AUTOMATIC STAY
1.1 Activities covered
1.1.a Taggart vs. Lorenzen standard applies to suspension of breach in a corporate matter. Debtor sold assets…
Sacklers close to deal increasing opioid settlement in Purdue bankruptcy
Members of the Sackler family who own Purdue Pharma LP are set to strike a deal to bolster their more than $4 billion bid to resolve the sprawling opioid litigation after negotiating with states that had opposed the terms of the…
The Day – Diocese of Norwich receives extension until April to file bankruptcy plan
Norwich â A Federal Bankruptcy Court judge on Monday extended the deadline for the Diocese of Norwich to file its bankruptcy plan to April 15. The deadline was February 4.
Once the plan is filed, it will be sent to!-->!-->…
Supreme Court rejects former attorney’s bankruptcy appeal
The Supreme Court has dismissed an appeal by a former lawyer for being declared bankrupt following a subpoena issued by tax commissioners after securing judgments for some…
How Cross-Border Bankruptcy Resolution Could Work
Bombay : The incorporation of cross-border insolvency, where an insolvent debtor has assets and creditors in more than one country, in the Indian Insolvency and Bankruptcy Code (IBC), will help banks because…
Alberta Court of Appeal Finds ASC’s Administrative Penalty Does Not Survive Bankruptcy |…
Regulatory obligations often conflict with bankruptcy law. It has long been considered a necessary benefit for people to get a fresh start through bankruptcy. The law provides for exceptions to this principle, based on equally…
Amid Bankruptcy, Breakfast Stays Off the Table at Wilmington K&W
With seniors making up a good portion of its customer base, COVID-19 has had an outsized impact on K&W Cafeterias Inc., leading the Winston-Salem-based chain to file Chapter 11 bankruptcy six months after the outbreak emerged. virus…
Analysis: Aeromexico could still face difficulties after emerging from bankruptcy
An Aeromexico Boeing 737 MAX 9 fuselage is pictured at Benito Juarez International Airport in Mexico City, Mexico July 14, 2021. REUTERS/Luis Cortes/File Photo
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Cineworld’s pile of debt should save the cinema operator from bankruptcy
Cineworld is set to avoid bankruptcy for the second time in two years, lenders say, although the British film group faces a nearly $1 billion payout that exceeds its market value for pulling out of a deal to buy its Canadian rival…