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United States: New York Federal Court Upholds Bankruptcy Court Fraudulent Transfer Finding for Tax Sale Foreclosure…

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…

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…

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,…

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 From…

To print this article, all you need to do is be registered or log in to Mondaq.com. In this article, the authors review the elements that should be included in a non-consolidation opinion issued to the lender in the…

The prosecutor Gabriela Boquín 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…

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…

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…

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 – February 8, 2022…

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…

" Return Talk with The TeamJean-Marc Mickeler, the boss of the DNCG (National Directorate of Management Control),…

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, 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…

By Keith Goldberg (February 3, 2022, 6:31 PM EST) — 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, 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…

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…

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…

By Rick Archer (February 3, 2022, 2:02 PM EST) — Weil Gotshal & Manges LLP helped pandemic-stricken theater chain AMC manage out-of-court restructuring, bankrupt oil and gas producer Fieldwood Energy with hundreds…

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…

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,…

To print this article, all you need to do is be registered or log in to Mondaq.com. 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…

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…

Norwich – 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!-->!-->…

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…

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…

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…

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…

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 Join now for FREE unlimited access to Reuters.com Register MEXICO…

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…