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A wave of bankruptcies and foreclosures seems to be developing

Economists and professionals in the corporate restructuring and real estate sector have been anticipating a struggling economy for 18 months. So far they have been wrong. The public is simply confused. Many people today don’t trust their politicians, their sources of information, and surprisingly not even their health care providers and professionals. This lack of […]

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Will forgiving student loans in bankruptcy be easier? Biden administration sends mixed messages

WASHINGTON, DC – JANUARY 20: U.S. Secretary of Education Miguel Cardona speaks at the 90th … [+] USCM Winter Meeting on January 20, 2022 in Washington, DC. (Photo by Alex Wong/Getty Images) Getty Images Student borrowers hoping for an easier path to student loan discharge through bankruptcy have received mixed messages from the Biden administration […]

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Group filer Marx Cards files for bankruptcy

A Southern California-based company responsible for submitting maps for filing on behalf of clients has filed for bankruptcy. In its Chapter 7 filing this week, Marx Cards, owned by Michael Minjares, listed assets of $89,981 and liabilities of more than $1.36 million. The list of creditors includes hundreds of people across the country who submitted […]

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San Antonio oil and gas company goes bankrupt amid highest oil prices in more than 7 years

Oil prices hit their highest level in more than seven years last week, but that hasn’t stopped a San Antonio oil and gas company from filing for bankruptcy protection. Active resources, formed in 2003, filed a Chapter 11 bankruptcy petition on Thursday that listed assets and liabilities each between $10 million and $50 million. A […]

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Philippine Airlines fresh out of bankruptcy falls back into turmoil

Skift grip Philippine Airlines has finally emerged from Chapter 11, with debts erased and new capital infused. But will that be enough to make it fly with clearly too many pilots in its cockpit? Maria Stella F. Arnaldo Asia’s oldest airline, Philippine airlines, has certainly been through a lot of economic turmoil in the Philippines […]

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Biden under pressure on student loans after Wolfson bankruptcy drop

President Joe Biden’s administration is facing renewed pressure to act on student debt after the Department of Education announced on Friday it would drop an appeal in a high-profile bankruptcy case involving student debt. While the move was welcomed, advocates have long called on President Biden to do more and some senior Democrats say he […]

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“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), the financial regulator of French football, assured that “there is no risk of bankruptcy” for Ligue 1 clubs this season, despite the Covid pandemic and the Mediapro broadcast fiasco. However, “we ask ourselves questions” on select clubs for […]

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How to avoid bankruptcy? Greg Dunn, a 2022 ThreeBestRated® award-winning attorney from Honolulu, Hawaii, shares some tips

If you or someone you know is in financial deep waters and struggling to cope, just remember that the longer you ignore your debts, the worse it will get. Whether the situation is due to injury or illness (family or personal), work issues or overspending, it can be overwhelming. If it goes from bad to […]

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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 Cineplex. The world’s second-largest cinema operator has appealed the court which awarded damages, […]

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“Take-Four”: Another Court Overturns Third-Party Authorizations – Insolvency/Bankruptcy/Restructuring

United States: “Take-Four”: Another Court Overturns Third-Party Versions January 31, 2022 Cullen and Dykman To print this article, all you need to do is be registered or log in to Mondaq.com. There has been much discussion regarding the recent appeal decision of the District Court of Purdue Pharma. See In […]

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Allentown Attorney Charles Laputka Explains Pennsylvania Chapter 7 Bankruptcy

Law Firms Laputka Charles Laputka on the cover of Attorney magazine Charles Laputka law firm In Chapter 7 Personal Bankruptcy, debtors clear their debts and have a fresh start. Alimony, child support, fraud debts and some items cannot be discharged. Chapter 7 bankruptcy helps nearly one million people each year struggling with debt and unable […]

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bankruptcy proceedings and the recent case of Dondero v. Alvarez & Marsal CRF Management, LLC | law of the free man

Dondero vs. Alvarez & Marsal CRF Management, LLC et al, Adv. proc. 21-03051 (Bankr. ND – Texas, January 4, 2022) Judge Stacey GC Jernigan introduction Civil procedure matters aren’t the sexiest topics, and probably for that reason, I rarely see blog posts focused on purely procedural matters. The Northern District of Texas Bankruptcy Court was […]

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5 Best Bankruptcy Lawyers in Kansas City, MO

Below is a list of the best and leading bankruptcy attorneys in Kansas City. To help you find the best bankruptcy attorneys located near you in Kansas City, we’ve compiled our own list based on this rating point list. Kansas City’s Top Bankruptcy Lawyers: The top rated bankruptcy attorneys in Kansas City, MO are: Kentner […]

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Johnson & Johnson Stock: Split-Related Litigation (NYSE:JNJ)

JHVEditorial photo/iStock via Getty Images This article was prepared by Jenny.T in collaboration with JR Research. Investment thesis Johnson & Johnson (JNJ) is a pharmaceutical company embroiled in long-term talc litigation worth more than $2 billion. In November 2021, the company announced that the Consumer Health segment would be spun off to provide more sustainable […]

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Insurers pushed to settle Archdiocese abuse claims

Copyright © 2022 Albuquerque Journal As the Archdiocese of Santa Fe’s bankruptcy reorganization enters its fourth year without resolution, pressure mounts for church insurance companies to pay a larger share of the payout to nearly 400 survivors of child sexual abuse. The archdiocese and plaintiffs alleging abuse by priests and other clergy reached a tentative […]

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Canterbury Pool Company owner files for bankruptcy, half million dollar customers – NBC Connecticut

“Very soon after he got the check he said, ‘oh, I don’t think we can do it that soon. How about spring,’” Ed Staples of Pomfret recalled. Staples said he paid Roy more than $7,000 for an in-ground/above-ground pool in August 2020. Although the project never got started, Staples said. Roy cashed the check and […]

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$50 billion in student debt could be erased by bankruptcy, report says

Hello and welcome to MarketWatch. Additional credit column, a look at the news through the prism of debt. A pernicious and often ridiculed aspect of student loans is that, unlike credit card debt or a car loan, they can follow a borrower forever because they are impossible to discharge in the event of bankruptcy – […]

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2nd Circle Reignites bankruptcy fraud claims against McKinsey

By Dorothy Atkins (January 19, 2022, 8:12 p.m. EST) — The Second Circuit on Wednesday relaunched a racketeering lawsuit accusing McKinsey & Co. of intentionally failing to disclose disqualifying conflicts of interest in major bankruptcy cases, finding that the trial court erred in finding that the alleged harm to a rival bankruptcy counsel was too […]

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BH Cosmetics files for bankruptcy – WWD

BH Cosmetics, which recently created makeup lines with Doja Cat and Iggy Azalea, has filed for bankruptcy. The cosmetics brand filed for Chapter 11 bankruptcy protection in Wilmington, Del., on Jan. 14, with plans to sell its intellectual property for $4.3 million. BH sold its products online, as well as through Ulta Beauty and other […]

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“Glenn Youngkin and his administration are already showing the absolute moral bankruptcy of the Republican Party from DAY ONE! Stop “giving them a chance!”

See below some reactions to Glenn Youngkin’s early actions as governor, including extremely ill-advised (not to mention questionable and dishonest) executive orders/directives to rescind mask and vaccine mandates, remove Virginia from the Regional Greenhouse Gas Initiative, dismiss the Parole Board, “investigate wrongdoing in Loudoun County”, “reduce job cut regulations by 25%”, etc. As Joy-Ann Reid […]

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Heading to bankruptcy court?

When is good news not necessarily good news? The number of bankruptcy filings has dropped significantly in the United States. This seems like good news. But is it? According to a recent CNBC report, there were 434,540 bankruptcy filings in the United States in 2021, for the year ending 9/30/21. This compares to 776,674 filings […]

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H2O further writes down Windhorst bonds after near bankruptcy

H2O Asset Management suffered larger writedowns on its holdings of bonds linked to Lars Windhorst, after agreeing to help the German financier avoid bankruptcy. Once a star of European asset management, H2O was plunged into crisis in 2019 when the Financial Times revealed it had heavy exposure to illiquid securities linked to Windhorst, a flamboyant […]

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Back to basics – Part 2, Sequestration (bankruptcy)

This is the second article in ‘Back to Basics’, a series of articles examining insolvency processes in Scotland. This article will examine the judicial receivership process, focusing on the claims of creditors. Receivership is the Scottish legal term for personal bankruptcy. In a court order for receivership, a trustee is appointed to collect and realize […]

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2 Famous Anthony’s Restaurant Files Chapter 11 Bankruptcy After Hepatitis A Outbreak – WFXRtv

Home COVID test kits distributed quickly to Roanoke area libraries News / 51 minutes ago Video Health experts warn of flu-COVID combo known as ‘Flurona’ News / 52 minutes ago Video Fire crews offer advice after several weekend fires in our region News / 4 hours ago Video 2 The famous restaurant Anthony’s files for […]

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May 2021 Bankruptcy filings fall again

NEW YORK, June 08, 2021 (GLOBE NEWSWIRE) – Epiq, a global leader in technology services for the legal and business services industry, has released its May 2021 bankruptcy filing statistics from its AACER bankruptcy information service company. New deposits for May fell to 34,734 across all chapters. This is a decrease of 15% from the […]

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Mediator ousted from the bankruptcy of the Boy Scouts; extended deadline

DOVER, Del. The Boy Scouts of America bankruptcy judge issued a ruling on Tuesday impeaching a former Delaware bankruptcy judge as mediator, saying a court case filed by the Boy Scouts raised questions about his impartiality. Judge Laura Selber Silverstein has removed Kevin Carey as one of the mediators tasked with trying to help opposing […]

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As Evergrande on the verge of bankruptcy, more Chinese developers will default | Asset owners

A version of this article first appeared on Finance asia. After China Evergrande Group admission As it is on the verge of bankruptcy, more Chinese real estate developers are expected to default in the next six to 12 months, according to S&P Global Ratings. China offshore bondholders Evergrande Group would not have received coupons Monday, […]

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Combined bankruptcy and restructuring case moves to New Jersey

Wednesday, December 8, 2021 Justice Craig Whitley’s recent transfer of the LTL Management case will result in a high-profile “Two-Step Texas” Chapter 11 bankruptcy in New Jersey, and it could open a new chapter in how the courts are approaching the news. transaction designed to isolate and deal with certain tort masses. Debtor LTL Management […]

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Publix-Anchored Mall in Boynton Beach Goes from Bankruptcy to Selling $ 80 Million – Business Watcher

Four years after a Publish– anchored mall sold in bankruptcy, the property traded again with an impressive price hike. german heavyweight Real Estate Investment Union paid $ 79.5 million for The fountains of Boynton Shopping Plaza, the property records show. In addition to Publix, tenants at the 185,372 square foot mall include LA Fitness, Duffy’s […]

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CEO of Private Jet Charter Company Convicted of Fraudulent Bankruptcy | USAO-EDVA

ALEXANDRIA, Virginia – A federal judge yesterday convicted a Reston businessman on a series of fraud charges relating to a bankruptcy case in which he discharged more than $ 6 million in personal debt. According to court records and evidence presented at trial, on July 13, 2017, President and CEO of Metropolitan Aviation, Alan Russell […]

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Nitrocrete, affiliates file for Chapter 11 bankruptcy – BizWest

FORT COLLINS – Nitrocrete LLC and four affiliated entities, including parent company Nitro Holdings LLC, have filed for Chapter 11 bankruptcy, blaming the disruption caused by the COVID-19 pandemic. Bankruptcy petitions were filed on November 18 in the U.S. Bankruptcy Court in Denver for these two entities, as well as for affiliates Nitrocrete IP LLC, […]

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Avianca comes out of Chapter 11 bankruptcy: Business Traveler USA

Airline says it will almost double its route network over the next three years Colombian airline Avianca has announced that it has exited Chapter 11 after completing its financial restructuring process. Avianca Holdings SA filed for bankruptcy in May 2020, citing “the unpredictable impact of the COVID-19 pandemic”. The carrier said it had revamped its […]

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Toys R Us makes a strong comeback after brutal bankruptcy

Millennials, rejoice! Toys R Us is back and better than ever. The toy giant filed for bankruptcy in 2017, leading many nostalgic adults to mourn the loss of their favorite childhood toy store. Toys R US is not only opening a new 20,000 square foot location in New Jersey’s Dream Mall, which will feature a […]

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Colorado bankruptcies are down 26% in November from a year ago – Loveland Reporter-Herald

DENVER – Bankruptcy filings in Colorado continued to decline from last year’s figures in November, falling 26.47% from the same period in 2020, with bankruptcy filings also falling in November. Boulder, Broomfield and Larimer counties. Weld County saw an increase in bankruptcy filings during the month. That’s according to a BizWest analysis of US Bankruptcy […]

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Columbia County vote blocks charter school bankruptcy solution

A deadlocked vote on Tuesday prevented Columbia County’s only charter school from securing a $ 13 million bond issue that would save the school from bankruptcy. The School for Arts Infused Learning asked the Development Authority of Columbia County to issue tax-exempt income repayment bonds to redeem the original loan that funded the school’s opening […]

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Elizabeth Warren wants to know how Hertz went from bankruptcy to buyout in six months

Have you been to a Hertz office recently? I was at Los Angeles International Airport last month. It didn’t look like a successful business. It wasn’t like walking into, say, an Apple store, beaming with brushed steel and white walls and pleasant, immaculately groomed sales people. It wasn’t even like walking into a Starbucks. It […]