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 […]
Get the Insider app A personalized feed, digest mode, and ad-free experience. Download the app close icon Two crossed lines that form an ‘X’. It indicates a way to close an interaction or dismiss a notification. The Biden administration has pledged to reform the student loan bankruptcy process. However, the Department of Education opposes borrowers’ […]
United States: New York Federal Court Upholds Bankruptcy Court Fraudulent Transfer Finding for Tax Sale Foreclosure March 01, 2022 Riker Danzig Scherer Hyland & Perretti To print this article, all you need to do is be registered or log in to Mondaq.com. The United States District Court for the Western […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 – […]
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 […]
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 […]
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 […]
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 […]