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America’s Oldest Cheese Factory Files for Chapter 11 Bankruptcy

Nothing Gouda can remain: the country’s leading cheese supplier has been rendered insolvent. Alleva Dairy, the Little Italy deli that claims to be the oldest in the country, has filed for Chapter 11 bankruptcy. Despite the huge setback, the cheddar vendor plans to continue tossing brie even though it’s teetering on the brink. “After months […]

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Lee Ringler Law Offices offers bankruptcy attorney services

Augusta, Sept. 27, 2022 (GLOBE NEWSWIRE) — Augusta, Georgia — Lee Ringler Law Offices, an Augusta, GA-based law firm, is pleased to announce that it offers bankruptcy law services, helping individuals file for receivership. There are actually many reasons why people may choose to declare bankruptcy. This is often due to the loss of income […]

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Crypto bankruptcies could put some customers at the ‘bottom of the totem pole’ [Video]

For the first time in the short life of cryptocurrency, major crypto platforms have turned to US bankruptcy law to save their insolvent businesses. It is now largely up to the bankruptcy courts to determine how to distribute customers’ frozen crypto assets. So far this year, crypto platforms Celsius and digital travel filed for bankruptcy […]

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Corvette parts supplier Erin Industries files for bankruptcy

Founded in 1975, the company “had a long history of profitability” that was reversed following a “disastrous” deal with Nova Steel USA Inc., Steven Atwell, owner and president of Erin Industries, told Crain’s. Now the company is hoping for debt relief and leverage to restructure unfavorable contracts by filing for Chapter 11 Subchapter V bankruptcy […]

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In 2020, I lost my job and went bankrupt. But now I’m on the right track and I would like to buy a house. Is it even possible to get a mortgage? – Royal Examiner

Yes, it is possible to get a mortgage after bankruptcy. For a conventional mortgage, it all depends on the type of bankruptcy. For Chapter 7 bankruptcy (you sold your assets to pay off as much of your debt as possible), you usually have to wait four years, but your situation may qualify as a mitigating […]

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THAI expects bankruptcy court to approve revised rehabilitation plan

Thai Airways International waiting for its revised version rehabilitation program be approved by the central Bankruptcy To research. The submitted review comes after the struggling carrier bounced back better than expected from its Covid-19-induced slump. But, his rehabilitation plan did not come without pushback from some creditors. Chai Eamsiri, the airline’s acting chief financial officer […]

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Chester mayor disagrees with bankruptcy

CHESTER — Chester Mayor Thaddeus Kirkland has said bankruptcy is not the way to go. “I don’t agree with bankruptcy,” said the mayor of the town of 34,000 that has been in state receivership since 2020 and under financial guardianship since 1995. He expressed concern for long-serving employees and attracting talent. “We have people who […]

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Colorado bankruptcies fall 5.7% in August – Greeley Tribune

DENVER — Colorado bankruptcies fell 5.7% in August from the same period a year ago, even as Larimer and Weld counties recorded increases. Boulder County bankruptcy filings declined, with a slight increase in Broomfield. That’s according to a BizWest analysis of US bankruptcy court data. The figures quoted include all new filings, including cases opened, […]

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Capping of Denial of Lease Claims Under the Bankruptcy Code and its Detrimental Effect on Commercial Landlords

When a tenant files for bankruptcy, the commercial landlord is faced with the often worrying prospect that their unexpired lease may be thrown out in bankruptcy proceedings. A tenant’s right to refuse a lease, and therefore disavow future lease obligations, does not exist outside of bankruptcy and often plays an important role in their decision […]

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Happy Joe’s Pizza files for Chapter 11 bankruptcy in Delaware | Business & Economy

Happy Joe’s Pizza has filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of Delaware. Dynamic Restaurant Acquisition, Inc., doing business as Happy Joe’s Pizza, of 5239 Grand Ave., Davenport, filed the petition on September 2. Thomas A. Sacco, president and CEO of the company, signed the petition. The […]

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Legendary MD Helicopters emerges from bankruptcy

LONDON – Light helicopter maker MD Helicopters successfully emerged from Chapter 11 bankruptcy after going into voluntary bankruptcy in March 2022. The manufacturer’s new CEO, Brad Pederson, has high hopes for the “new” MD Helicopters as the company hopes to increase production of its iconic 500-series single-engine helicopter from the current inventory of 15 to […]

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Boy Scouts’ plan to emerge from bankruptcy approved as landmark case ends

A federal judge has given final approval to the Boy Scouts of America’s plan to emerge from bankruptcy Thursday, marking the end of the largest sexual abuse case against a single organization in American history. Judge Laurie Selber Silverstein upheld the plan just over a month later signaling that she would thus, in a more […]

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HMV Digital China chairman files for bankruptcy

Stephen Shiu Junior, chairman of HMV Digital China, was filed for bankruptcy by Capital Union Inc after being sued for more than HK$278 million in August. According to the court writ on the Hong Kong Judicial website, a company named Capital Union Inc filed for bankruptcy for Shiu. The hearing is scheduled for the […]

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U.S. leveraged loan defaults hit two-year high after $4.5 billion in deposits in August

Default activity in the U.S. leveraged loan market revived in August following the bankruptcy filings of four issuers in the Morningstar LSTA US Leveraged Loan Index pushed $4.46 billion in institutional loan debt to non-performing status. After historic lows, the index’s default rate fell to 0.69% by number of issuers and 0.60% by amount, from […]

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Different judicial approaches to objections to a bankruptcy petition

JTo protect the legitimate rights and interests of debtors and creditors in bankruptcy proceedings, if they disagree with a bankruptcy petition listed on the creditors’ rights checklist, the Bankruptcy Act d The company grants the right to raise an objection and take legal action regarding any dispute regarding the confirmation of bankruptcy claims. To increase […]

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With Cineworld on the verge of bankruptcy, what does this mean for cinema advertising?

Cineworld, the world’s second-largest cinema chain and owner of Regal Cinemas in the United States, has confirmed it is considering bankruptcy as it struggles with $5 billion in debt. We explore what this news means for the future of cinema and – most pressing – what advertisers should do here and now. As Cineworld sinks, […]

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LATAM Airlines bankruptcy plan moves forward after creditor appeals fail

The LATAM airlines logo is seen inside the Commodore Arturo Merino Benitez International Airport in Santiago, Chile April 25, 2019. REUTERS/Rodrigo Garrido Join now for FREE unlimited access to Reuters.com Register Aug 31 (Reuters) – LATAM Airlines (LTM.SN) on Wednesday pushed back two challenges to its bankruptcy reorganization plan, bringing the carrier one step closer […]

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3 steps to follow before declaring bankruptcy

Attorney Jerry E. Smith sees bankruptcy as the perfect way to start all over again, but with the proper steps and measures. INDIANAPOLIS, August 30, 2022 /PRNewswire/ — The poor education surrounding bankruptcy has made the subject almost untouchable and the consequences more serious. A quick consultation with a bankruptcy attorney and prior knowledge of […]

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What is “civil bankruptcy”?

Meetings help bring people together and make sure everyone is on the same page. But having too many meetings can cause more problems than they’re supposed to prevent. Overloading meetings can drain people’s energy and destroy morale. The purpose of meetings is to help people complete their work, but sometimes they actually prevent them from […]

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Colorado bankruptcies drop 16% in July

Colorado bankruptcy filings fell 16% in July from the same period a year ago, but filings rose slightly in Boulder and Larimer counties. Broomfield and Weld counties posted declines from July 2021. That’s according to a BizWest analysis of US bankruptcy court data. The figures quoted include all new filings, including cases opened, closed and […]

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Police believe person found dead was con man Hoffenberg

HARTFORD, Conn. (AP) — Connecticut authorities were working Thursday to confirm Steven Hoffenberg, convicted Ponzi schemer and mentor to Jeffrey Epstein, was the person found dead in an apartment earlier this week. Derby Police Lt. Justin Stanko said evidence at the scene – including a car, mobile phone and medical records – all pointed to […]

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Regional carrier based in Reno, Nevada Aha! Airline files for bankruptcy

When Idaho Falls passengers flew with Aha! The airlines, they couldn’t have imagined that it would be gone in a week or two. But the West Coast airline declared bankruptcy just 12 days after flights began from Idaho Falls Regional Airport to its hub at Reno-Tahoe International Airport. “Since August 22, 2022, Aha! Airlines, powered […]

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Regal Cinemas: Cineworld says it could file for Chapter 11 bankruptcy

Britain’s Cineworld Group said in a statement that a “voluntary Chapter 11 filing in the US” was one of the options it was considering to try to reduce its debt burden. Meanwhile, Cineworld and Regal cinemas were open for “business as usual”, he added, and would remain so. “Cineworld would expect to maintain operations in […]

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Regal Cinemas owner prepares to file for bankruptcy as share price drops – Whittier Daily News

The owner of Regal Cinemas going through a difficult time — its stock plummeted as much as 80% on Friday after reports that its parent company is preparing to file for bankruptcy. British company Cineworld Group has spoken to lawyers from Kirkland & Ellis LLP to advise them on the bankruptcy process in the US […]

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United States Supreme Court First Notice of Bankruptcy – From Vol. 1 American reports? Not!

I am on a curiosity quest to find the very first opinion of the Supreme Court of the United States on the subject of bankruptcy. Excitement arises, for a moment, on discovering Gibbs versus Gibbs, 1 U.S. 371 (1788). After all, Gibbs versus Gibbs: discusses priority of judicial lien, fraudulent conveyance and “deed of bankruptcy”; […]

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Florida judge won’t stop 3M from asking bankruptcy judge to stop earplug suits

The 3M logo is seen at the 3M Tilloy factory in Tilloy-Lez-Cambrai, France, August 18, 2019. REUTERS/Pascal Rossignol Join now for FREE unlimited access to Reuters.com Register Summary Law firms Related documents 3M can’t ask bankruptcy court to raise issues Bankruptcy judge is currently reviewing 3M’s bid to escape lawsuits (Reuters) – A federal judge […]

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Recent Bankruptcy Statistics Are Just the Tip of the Iceberg – Consumers Association of Penang

KUALA LUMPUR (August 15): Bankruptcy statistics for January to April 2022 recently revealed are just the tip of the iceberg due to the Insolvency (Amendment) Act 2020 which came into force on September 1 2021, according to the Consumers Association of Penang (CAP). In a statement released Monday, August 15, the association said that with […]

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Bankruptcy judge approves higher payments for InfoWars provider

Infowars’ Alex Jones speaks to the media during a visit to US Senate Dirksen as Twitter CEO Jack Dorsey testifies before a Senate Intelligence Committee hearing on Capitol Hill in Washington, USA, September 5, 2018. REUTERS/Jim Bourg Join now for FREE unlimited access to Reuters.com Register Sandy Hook families objected to payments Shipping provider Blue […]

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Supplier bankruptcy could signal approaching storm

Some customers are just beginning to see success in renegotiating contract terms to more evenly distribute inflated material, labor and transportation costs between supplier and customer, he said, but financial pressure remains strong on suppliers. At Birmingham-based Brooks Wilkins Sharkey & Turco PLLC, the firm’s co-founder and supply chain litigation lawyer Dan Sharkey said he’s […]

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BG Creates Law That NDA Obligations Not Fulfilled In Bankruptcy

LOS ANGELES, August 10, 2022 /PRNewswire/ — In the event of a first impression, without prior decision on the point in the country, BG persuaded the United States Bankruptcy Court for the Southern District of New York at to reign that the obligation not to disclose information, pursuant to the terms of a non-disclosure agreement […]

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Bingham Farms-based auto supplier files for bankruptcy

Bingham Farms-based Gissing North America LLC filed for Chapter 11 bankruptcy protection with liabilities of up to $100 million. Gissing, a subsidiary of a Chinese automotive supplier, manufactures interior acoustics and cargo management systems for Ford Motor Co. General Motors Co., Toyota Motor Corp., Nissan Motor Co. and Honda Motor Co. The company filed Monday […]

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All Hail Woman Blanche Bankruptcy 36 DELAYS UPDATES: Will Ricardo confess to Blanche? Release date?

The blossoming nature of the White woman began to expand her emotions for Ricardo. All Hail Woman’s Bankruptcy 36 would be a sexist admission for Ricardo and Blanche. The former bankruptcy portrays Blanche as a ruthless woman who was never too dominated by men. The bankruptcy ultimately went the wrong way until the end of […]

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The bankruptcy of the wedding studio leaves couples and photographers on the floor

The bankruptcy of a wedding studio has forced couples to find another photographer with no refunds for the first, as the studio’s contract photographers scramble to book new couples amid weeks of overdue payments. South West Photo and Film (SWPF), located in the UK, declared bankruptcy on July 27, leaving couples without a wedding photographer, […]

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Brad Schneider’s challenger Joe Severino discusses bankruptcy filing

Severino, who ran a transportation company called Elite Valet Systems, filed for Chapter 11 bankruptcy on Jan. 24, according to court records. He listed assets and liabilities each in the range of $1 million to $10 million. Severino gave more details in a reorganization plan filed in April. He offered Severino time to sell and […]

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Bankruptcy proceedings continue against fugitive ticket company owner Matt Davey

Provided Highlanders general manager Roger Clark, left, and Matt Davey. Davey faces the bankruptcy of his failing ticketing business. The man behind a bankrupt ticketing company is now embroiled in a contractual legal dispute over his bankruptcy. Former Dunedin businessman Matt Davey was behind Fortress Information Systems, which traded as Ticket Rocket and was previously […]

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Infowars’ Alex Jones trial in Austin, Texas continues into week two

AUSTIN (KXAN) — The libel trial of Austin-based talk show host and conspiracy theorist Alex Jones continued into its second week, after the media company behind his site, Infowars, alleged filed for bankruptcy. Late last week, Jones’ attorney Andino Reynal alerted the court to the filing by Free Speech Systems, LLC, but said it would […]

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Alex Jones’ company files for bankruptcy in Sandy Hook damages lawsuit

Sign up for The Brief, our daily newsletter that keeps readers informed about Texas’ most essential news. Alex Jones’ main company, Free Speech Systems, filed for bankruptcy on Friday, halfway through a two-week trial to determine how much damages the Texas-based conspiracy theorist will pay parents of a victim of the Sandy Hook shooting. The […]

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Creditors authorized to recommend bankruptcy administrators

AAs part of the State Council’s efforts to reform the overall business environment, six major cities – Beijing, Shanghai, Chongqing, Hangzhou, Guangzhou and Shenzhen – have been participating since the end of October 2021 in a pilot program aimed at creating a more transparent and efficient exit mechanism for market participants. Among the reforms, creditors […]

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Forty percent of local start-ups threatened with bankruptcy – Poll

According to a survey by the Macao Young Entrepreneurs Incubation Center, some 40 percent of local start-ups will be forced to cease operations if pandemic outbreaks recur in the second half of the year. More than 70% of companies surveyed said their businesses were severely affected by the pandemic and faced enormous pressure to survive, […]

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Komi can’t keep in touch Bankruptcy 366: Tadano takes Komi on a date! Free the date!

This week, love will likely be in the air for Komi and Tadano. The closing day trip was devoted to Naruse’s disastrous tryst with Are-San. However, the wonder component was once truthful as the woman realized all her flaws and her mistakes once resisted. The boy even went shirtless with him on the date. Even […]

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‘Nigeria is not broke,’ says minister despite telltale signs of bankruptcy

By Jean Ikani Nigeria’s Minister of Works and Housing, Babatunde Fashola – famous for his exaggerated comments in support of President Muhammadu Buhari’s administration – has claimed that Africa’s most populous country is not broke. Fashola made the claim yesterday when he appeared on Channels Television’s Sunday Politics program watched by Heritage time (HT) to […]

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Bankruptcies in North Dakota and Western Minnesota as of July 23, 2022 – InForum

Filed in United States Bankruptcy Court North Dakota Dan Darrel and Rose Mary Noyes, Thompson, Chapter 13 The Ann Margurite Amundson, South Heart, Chapter 7 Kristen Kay Dionne, Minot, Chapter 7 Joseph John and May Rae Hoffman, Mandan, Chapter 7 Kelsie Mikael Richey, Minot, Chapter 7 George Anthony Felay, Minot, chapter 7 Aaron Duvall, Wildrose, […]

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Court Says Puerto Rico Bankruptcy Does Not Replace Eminent Domain Claims

The United States Court of Appeals for the First Circuit ruled that Puerto Rico must pay $400 million for eminent domain claims in its bankruptcy, despite arguments to the contrary by the Board of Supervisors. The decision will not affect how much bondholders are legally owed, but will affect how much the government of Puerto […]

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It begins: reverse stock splits for collapsed SPAC and IPO stocks. Bankruptcy for others

Stock splits prevent them from being delisted. But some didn’t even go that far and filed for bankruptcy, like, WOW that was fast. By Wolf Richter for WOLF STREET. Hippo Holdings – one of the “insurance tech” unicorns that went public via a merger with a SPAC and whose shares subsequently crashed – announcement on […]

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Bankruptcy of regional homewares chain leaves sellers holding the bag

Altmeyer Home Stores filed for Chapter 7 bankruptcy on July 11. Uniontown, Pennsylvania – His most recent new move was just a few months ago. And now, after more than eight decades, the end has come. Altmeyer Home Stores filed for Chapter 7 on July 11 in bankruptcy court for the Western District of Pennsylvania […]

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David Tepper Entity Files Lawsuit Against York County in Bankruptcy Court – WSOC TV

YORK COUNTY. SC — Fallout from the failed Carolina Panthers headquarters project has spilled into public battles and courtrooms in recent months. This week, David Tepper’s GT Real Estate Holdings LLC fought off a lawsuit filed by York County against other Tepper entities. On July 14, GT Real Estate filed adversarial proceedings against York County […]

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Media Executive and Philanthropist Robert Francis Xavier Sillerman’s Estate Bankruptcy Online Auctio – The Durango Herald

In Re: Robert Francis Xavier Sillerman, aka Robert FX Sillerman, aka Robert F. Sillerman, aka Robert X. Sillerman – Case No. 17-13633 (LGB) CENTRAL ISLIP, NY, July 15, 2022 (SEND2PRESS NEWSWIRE) — Maltz Auctions, a premier full-service auction company serving the continental United States and the Caribbean, has announced that it will be hosting an […]

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30-year-old Kohala firm eyes bankruptcy after local bank appealed for PPP loan

Ken Hughes, owner of Kohala Coast Properties. PC: Kohala Coast Properties website A North Hawaiian business is about to close permanently because it must repay a Payroll Protection Program loan. Ken Hughes, owner of Kohala Coast Propertiessaid he would never have borrowed $200,000 under the federal program if he had known First Hawaiian Bank in […]

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VGX Crypto Rockets 420% Amid Voyager Digital Bankruptcy

Source: T.Schneider / Shutterstock.com The Traveler Token (VGX-USD) soared 420% in morning trading even though its founder, digital travel, filed for bankruptcy protection. VGX crypto is now changing hands for around 80 cents per token. Voyager Digital revealed on July 6 that it had filed for bankruptcy the previous day. In its filing, the company […]

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Ex-lawyer Chris Pettit now faces a possible contempt of court charge

Former San Antonio attorney Christopher “Chris” Pettit, who allegedly defrauded his clients of millions, is in hot water with the trustee overseeing his bankruptcy case. Pettit, 55, liquidated a retirement account last week and withdrew $125,000 from it as the money was part of the bankruptcy estate, the trustee claimed. Eric Terry, the Chapter 11 […]

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Suspect ‘held a grudge’ against Shinzo Abe over his mother’s bankruptcy: The Tribune India

Nara, July 9 The man who killed Shinzo Abe believed the former Japanese leader was linked to a religious group he blamed for his mother’s financial ruin and spent months planning the attack with a homemade weapon, said on Saturday the police to the local media. Tetsuya Yamagami, a 41-year-old unemployed man, was identified as […]

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US Hop Source of Englewood faces bankruptcy after overseas scam and corporate lawsuit

The father-son team behind a wholesale hops business has had a rough few years of late: first falling victim to a foreign scam, then grappling with legal action against two tech giants. ‘company. Now Randall and Tase Flores, the pair behind US Hop Source in Englewood, fear bankruptcy may be their only way forward. The […]

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According to the IEA, a third of the world’s photovoltaic manufacturing capacity is at medium or high risk of bankruptcy – pv magazine International

A new report from the International Energy Agency highlights the importance of geographically diversifying the global PV supply chain. This would prevent the vulnerability of the supply chain to bankruptcies and underinvestment. July 7, 2022 Emiliano Bellini The International Energy Agency (IEA) has revealed that more than 30% of integrated companies operating in the solar […]

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KymiRing’s possible bankruptcy puts Finnish MotoGP racing at risk

Things happened on the Finnish KymiRing circuit. After hosting Honda, Yamaha, Suzuki, Ducati, KTM and Aprilia test riders in 2019, the track was looking forward to hosting the first Finnish Grand Prix since 1982 in 2020. Of course, the COVID-19 pandemic eliminated that possibility for the 2020 and 2021 seasons. the ongoing dispute between Russia […]

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Cryptocurrency hedge fund Three Arrows Capital files for Chapter 15 bankruptcy

Cryptocurrency hedge fund Three Arrows Capital Ltd. filed for Chapter 15 bankruptcy in a New York court less than a week after being ordered to liquidate its assets in the British Virgin Islands. Chapter 15 bankruptcy is a form of bankruptcy that allows cooperation between US courts and foreign courts when foreign bankruptcy proceedings affect […]

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We’re on track for a currency crisis – and bankruptcy

No wonder the government still refuses to commission an economic impact assessment of Brexit; the results would not reflect our exit agreement well. Under these circumstances, it is perhaps surprising that the pound is not under more pressure in the currency markets than it is. So far this year, it has fallen more than 10% […]

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South Korean Bankruptcy Court Warns Of Looming Rise In Crypto-Related Cases

Source: Adobe Stock / Patrick Ryan South Korean courts are bracing for a wave of crypto-related bankruptcies – and have created a ‘working rule’ that will help them deal with cases involving people who have fallen victim to crypto investments gone bad . By Newsis, the Seoul Bankruptcy Court has warned of a “domino effect” […]

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Appreciate Technology Files for Bankruptcy with Plans to Sell

Listen to the article 3 minutes This audio is generated automatically. Please let us know if you have any comments. Diving Brief: Enjoy Technology filed for Chapter 11 bankruptcy protection in federal court in Delaware on Thursday, according to a securities deposit. The “home-based business” company said it intended to continue operating through the process […]

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ERGO Analyzing Developments Impacting Business: Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2022.

Introduction Indian Insolvency and Bankruptcy Board (table) see its circular no. IBBI/2022-23/GN/REG084 of June 14, 2022, in the exercise of the powers conferred by subparagraph Amendments The main changes introduced by the Amending Regulations are as follows: It is now mandatory that an operational creditor (who must register for GST) accompany their Article 9 application, […]

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Bankruptcy Threshold Review | The star

KUALA LUMPUR: Bankruptcy threshold is being revised amid high number of such cases, especially among young people, says Datuk Seri Ismail Sabri Yaakob. The prime minister said the government raised the bankruptcy threshold at the start of the Covid-19 pandemic. “I will discuss the matter with the Minister within the Prime Minister’s Office (Parliament and […]

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St. Croix Energy Statement Calls Integrity of Limetree Bankruptcy Auction into Question

The Limetree Bay refinery stretches along the southern shore of St. Croix in this aerial view. (Photo credit by Linda Morland) With the release of a statement earlier this week by West Indies Petroleum Limited (WIPL) that it “is not a stakeholder in the Limetree Bay Refinery”, the lawyer for St. Croix Energy is questioning […]

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Elon Musk mentions Tesla and bankruptcy in the same breath. Everyone needs to relax.

Text size Elon Musk (Photo by Dimitrios Kambouris/Getty Images for the Met Museum/Vogue) Bankruptcy is one of Elon Musk’s favorite words. He likes to point out that the only American automakers that haven’t gone bankrupt are Ford engine and You’re here . He used his favorite word several times in a recent interview with the […]

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Tesla’s new factories are burning cash, Musk says bankruptcy is a concern, his Twitter deal is still in the works

Things are not going well for Elon “Pedo Guy” Musk, but he is confident that the supply chain issues currently rocking his business will soon be resolved. I wonder if Tesla’s declining stock value is its nuclear option to pull out of the Twitter deal. I wouldn’t have let him talk to that Twitter all […]

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State bankruptcies fall despite higher rates and inflation

Mahalo for supporting Honolulu Star-Advertiser. Enjoy this free story! Inflation and mortgage rates are on the rise, but many debt-ridden consumers have yet to take the plunge and apply to court for financial assistance. Bankruptcies, which often represent the last resort for people unable to pay their bills, fell 33% in May to mark the […]

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Revlon, beauty icon in a crowded market, files for bankruptcy – Morning Journal

By ANNE D’INNOCENZIO NEW YORK (AP) — Revlon, a cosmetics maker that broke racial barriers and dictated beauty trends for much of the last century, has filed for Chapter 11 bankruptcy. The company has been a mainstay on store shelves since its founding 90 years ago in New York, overseeing a stable of household names […]

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Here are 5 common myths about bankruptcy

Although counterintuitive to many people, bankruptcy filings have fallen sharply since the start of the pandemic in 2020. Filings have been expected to rebound for some time. With mounting pressure from expired pandemic relief measures, rising inflation and rising interest rates, more people may find it necessary to explore their bankruptcy options. Although the decision […]

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Revlon Files for Chapter 11 Bankruptcy Protection

Placeholder while loading article actions Revlon has filed for bankruptcy protection as the cosmetics giant tries to get out of its heavy debt load amid soaring prices and supply chain disruptions. The company said in a press release that it expects $575 million in funding if the plan wins court approval. The additional funds will […]

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Amended Insolvency and Bankruptcy Commission Regulations

The Indian Insolvency and Bankruptcy Board has notified the Indian Insolvency and Bankruptcy Board (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations 2016, announced on Wednesday the Department of Corporate Affairs. The amendment provides that operational creditors provide excerpts from Form GSTR-1, Form GSTR-3B and electronic freight bills, if applicable, with the application filed […]

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TMS Ep193: IPL Media Rights, Bankruptcy Code, Markets, Weather and Economics

The fight to clinch the Indian Premier League media rights for the next five years has been no less intense than the games themselves. And the money put on the auction table made the IPL the number two sports league in the world, with only the American National Football League ahead of it […]

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Beauty products giant Revlon in talks to file for Chapter 11 bankruptcy: report

New York-based cosmetics and personal care company Revlon, Inc. ROUND would be close to filing for bankruptcy. Revlon is preparing to file for Chapter 11 bankruptcy as soon as next week, according to the Wall Street Journal, citing people familiar with the matter. The situation was precipitated by the huge debt burden the company faces, […]

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Armstrong Flooring Asks Bankruptcy Court to Dismiss Union Contracts and Suspend Retiree Health and Life Insurance Benefits | Local company

East Lampeter Township-based Armstrong Flooring Inc. on Thursday asked a Delaware bankruptcy court to allow it to throw out current union contracts and stop paying health and insurance benefits. – life for retirees. Under the proposals, contracts with the United Steelworkers and the International Association of Machinists and Aerospace Workers would end when a sale […]

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The Supreme Court – June 6, 2022 | Dorsey & Whitney LLP

Opinions: Southwest Airlines vs. Saxon, No. 21-309: This case concerns the scope of the Federal Arbitration Act (FAA) exemption for certain interstate transportation workers, namely “sailors, railroad employees, or any other class workers engaged in foreign or interstate commerce”. The case arose out of a pay dispute between Southwest Airlines and Ramp Agent Supervisor Latrice […]

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Victims of church sex abuse have launched a bankruptcy court panel negotiating with the archdiocese

“It could add huge delays to the process on the very day the mediation was supposed to start.” NEW ORLEANS — Two hours before Church sex abuse victims serving on a court-appointed panel were due to address Archbishop Gregory Aymond in bankruptcy court, a federal judge there ended and removed four of the six victims […]

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Moskovits and Lichtenstein Lose Judge’s Trust at Brooklyn Hotel

Toby Moskovits and Michael Lichtenstein with the Williamsburg Hotel (Google Maps, Sasha Maslov, LinkedIn) Brooklyn developers Toby Moskovits and Michael Lichtenstein have been stripped of control of the bankrupt Williamsburg hotel after a federal judge finds they may have committed fraud and cannot be trusted . In scathing remarks, Bankruptcy Judge Robert Drain said “the […]

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Following the bankruptcy, is Ruby Tuesday closing permanently? | Joel Eisenberg

The restaurant chain has permanently closed more than 600 locations over the past decade, including 209 remaining as it emerged from Chapter 11 bankruptcy early last year. The company’s long-term future remains uncertain. Ruby TuesdayShutterstock Author’s Note This article is based on company publications and accredited media reports. All information linked in this article is […]

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Attention GWG L Bond Investors: KlaymanToskes continues to

NEW YORK, June 03, 2022 (GLOBE NEWSWIRE) — National investment fraud attorney KlaymanToskes continues to investigate and prosecute FINRA arbitration claims on behalf of GWG Holdings L Bond investors in light of GWG’s ongoing Chapter 11 bankruptcy and recent notification to the SEC of its failure to file its quarterly report on time. According to […]

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David Tepper’s real estate company files for bankruptcy, ending the team’s Rock Hill project

The Carolina Panthers’ pursuit of a new headquarters in Rock Hill, South Carolina appears to have come to a bitter end, as David Tepper’s real estate company, GT Real Estate Holdings, LLC filed for Chapter 11 bankruptcy in Delaware according to an announcement made by the company on Wednesday evening. The Panthers opened the facility […]

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Adding people to Medicare would make his bankruptcy worse

It never rains until it rains. Just days after Socialist Senator Bernie Sanders, I-Vermont, convened a hearing on his proposal for a single-payer socialized medicine system, the Congressional Budget Office (CBO) released a report analyzing one of the left’s so-called “moderate” proposals to expand government-run health care: lowering the Medicare eligibility age to 60. These […]

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Bankruptcy – What are the rights of employers?

SPONSORED CONTENT Bankruptcy is a legal procedure that allows individuals or businesses to free themselves from their debts and offer creditors a possibility of repayment. Rights of an employee when the employer/company faces bankruptcy In cases where business owners run out of funds and have filed for bankruptcy, employers may face the loss of their […]

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Wampus Cat promoter files for bankruptcy; festival canceled – THE RANT

Indie on Air Records, promoter of the Wampus Cat Music Festival, announced on Friday that it would file for bankruptcy and that the already postponed the three-day event will no longer take place at all. The news was announced Friday afternoon in Facebook posts by the two Indie on air and Wampus Cat. “We regret […]

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There is a complete bankruptcy of ideas and inefficiency, says Hardik Patel as he exits Congress

Hardik Patel said he has yet to decide whether to join the BJP, but said if people in Gujarat have chosen a “particular party” over the past 30 years, they must see something good in it. While maintaining that he has yet to decide whether or not to join the Bharatiya Janata party, Gujarat fire […]

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Bankruptcy Court | Shared responsibility payments | Affordable Care Act | law of the free man

Case: Szczyporski v. Internal Revenue Service (In re Szczyporski), No. 21-01858 (3d Cir., May 11, 2022). In a recent 3rd Circuit case, the Court of Appeals upheld a ruling from the Eastern District of Pennsylvania Bankruptcy Court finding that payments owed by individuals to the IRS for so-called “shared liability payments” under the Affordable Care […]

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Rochester Diocese Reaches $147 Million Ch. 11 Dealing With Insurers

By Vince Sullivan (May 23, 2022, 3:48 p.m. EDT) — The Roman Catholic Diocese of Rochester proposed a $147 million settlement with its insurers Friday night to resolve coverage disputes for sexual abuse claims filed against the organization after nearly a year of intense mediation between the parties under the direction of a New York […]

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Governor DeSantis vetoes bill increasing motor vehicle bankruptcy exemption

Govt. Ron DeSantis vetoed legislation that would increase the maximum value of a motor vehicle that could be exempt from bankruptcy cases from $1,000 to $5,000. The measure (CS/HB 265), sponsored by the House Civil Justice & Property Rights Subcommittee and Democratic Rep. Mike Gottlieberased both the House and Senate rooms unanimously. The legislation would […]

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The Day – Spicer Mansion owner files for bankruptcy

Brian Gates, the owner of Spicer Mansion, the Mystic boutique hotel which is the subject of ongoing foreclosure proceedings, filed for Chapter 11 bankruptcy on Friday, preventing Saturday’s planned foreclosure sales of four more properties he owns, including his residence in Stonington. Gates’ notice of bankruptcy petition was filed in New London Superior Court by […]

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Philadelphia Jewish History Museum reopens after bankruptcy

the Weitzman National Museum of American Jewish History opened last weekend for the first time since the pandemic shutdown in March 2020. That would be reason enough for museum officials to rejoice. But there is more. The reopening follows a crippling bankruptcy and marks the first time the museum will operate at its current location […]

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Truth Social Buyer warns of bankruptcy risk given Trump’s past failures

The company buying Donald Trump’s media network, Truth Social, warned investors on Monday that there could be a risk of bankruptcy given the former president’s history of failed ventures. A regulatory filing from Digital World Acquisition Corp. highlighted several examples of bankruptcy associated with Trump while noting that there is “no guarantee” that Truth Social […]

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Early bankruptcy warning on Mca’s future political program

Research topics proposed by the Ministry of Corporate Affairs show that its policy priorities for the future include predicting bankruptcy based on the financial statements filed by companies, integrating its database of companies with those other regulators and the extension of sustainability reports to unlisted companies. In a request for research proposals released last week, […]

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Bankruptcy Discharge Violations | law of the free man

The recent case of In re Micah Cade McKinneyCase No. 21-50046-rlj-11 (Bankr. ND Tex., April 28, 2022) outlines violations of the bankruptcy injunction. Contempt litigation in bankruptcy is sometimes driven by intentional and deliberate conduct on the part of a creditor – perhaps out of spite that the debtor who owed them money filed for […]

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Lordstown Motors Stock: Foxconn Helps Avoid Bankruptcy for Now

Tasos Katopodis/Getty Images After a number of delays and contrary to my expectations, beleaguered electric vehicle (“EV”) start-up Lordstown Motors (NASDAQ: RIDE) or “Lordstown” succeeded in close a series of important strategic transactions with Hon Hai Technology Group, better known as “Foxconn” on Wednesday: 1. Asset Purchase Agreement Under the asset purchase agreement, Foxconn is […]