COOPERSVILLE — A West Michigan-based environmental consulting firm has filed for Chapter 11 bankruptcy as it positions itself to sell the business to an industry competitor. Superior Environmental Corp. filed in the U.S. Bankruptcy Court for the Western District of Michigan on Feb. 25 under Subchapter V of the federal bankruptcy code, a variant of […]
U.S. lawmakers are considering legislation to ban the controversial bankruptcy maneuver called “Texas two-step” to prevent big companies from abusing the Chapter 11 process, the chairman of the Senate Judiciary Committee has said. Dick Durbin, who is also a Democratic Senate whip, said negotiations were underway in the committee on a bill that would remove […]
Offshore drilling contractor Seadrill announced its exit from Chapter 11 bankruptcy on Wednesday after completing its reorganization. The plan was upheld by the U.S. Bankruptcy Court for the Southern District of Texas on October 26, 2021. “The restructuring significantly reduced the company’s balance sheet by balancing approximately $4.9 billion of collateralized bank debt previously held […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]