Bankruptcy
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Foreign creditors may soon be in charge of Indian corporate asset failure
NEW DELHI : Foreign creditors’ representatives could be tasked with distributing the local assets of failed Indian companies in cases where an Indian court recognizes overseas ... -
Bankruptcy-stricken coach forced to fend for himself completes remarkable comeback with winners Cheltenham and Aintree
AS the saying goes “where there is mud, there is copper”. And it took a lot of shoveling and grafting for Milton Harris to get out ... -
Latest TfL crisis: entire metro line may have to close and bankruptcy notice issued
VS The loss of an entire tube line is among the options Transport for London may have to consider due to its financial crisis, it has ... -
SDNY will randomly assign significant bankruptcy cases
By Vince Sullivan (Nov 23, 2021, 5:35 p.m. EST) – The Bankruptcy Court for the Southern District of New York on Monday announced changes to how ... -
Frustration for Banksia investors as fraudulent lawyers declare bankruptcy | The mail
news, latest news, Two lawyers who plotted to relieve bondholders Banksia of a payment by the court by concocting a class action âflagrant and fraudulentâ declared ... -
McKinsey pays $ 18 million to settle SEC investigation into insider trading controls
McKinsey & Co. agreed to pay $ 18 million to settle allegations that it did not sufficiently guard against the risk of insider trading involving investments ... -
Chilean dam courting lenders as bankruptcy begins
By Leslie Pappas (Nov 18, 2021, 8:15 p.m. EST) – A bankrupt Chilean hydropower project took action in a first-day bankruptcy hearing Thursday in Delaware to ... -
Bankruptcy Amendments – Federal Legislative Decree No. 35
1st November 2021 saw a crucial amendment to the UAE’s bankruptcy law. The Federal Decree – Law No 35 of 2021 has been adopted, which amends ... -
Just Energy files litigation against ERCOT and PUCT in Texas bankruptcy court
TORONTO – Just Energy Group Inc. (‘Just energy‘or the’ Company ‘) (TSXV: JE; OTC: JENGQ), a retail energy supplier specializing in electricity and natural gas, which ... -
Puerto Rico bankruptcy comes to an end as debt plan goes for approval
The Capitol is seen in San Juan, Puerto Rico on May 4, 2017. REUTERS / Alvin Baez The plan would reduce debt but leave pensions Members ... -
Antitrust claims take center stage as Mallinckrodt seeks exit from bankruptcy
Vials of prescription pain relievers, hydrocodine bitartrate and acetaminopohen, 5 mg / 325 mg tablets, manufactured by Mallinckrodt, are on a shelf at a local pharmacy ... -
Conneaut Lake Park bankruptcy judge says he is incompetent
Rally to Save the Blue Streak Roller Coaster at Conneaut Lake Park Ben Reeve, a member of the Historic Coaster Foundation, attended a rally on September ... -
GTT Communications can proceed with a rapid restructuring
A person walks through the United States Bankruptcy Court for the Southern District of New York in Manhattan, New York, United States, August 24, 2020. REUTERS ... -
Study reveals racial prejudice in bankruptcy cases • EBONY
According to a recent study, around 30% of African American filers are more likely to have their bankruptcy case rejected than non-black filers, reports Yahoo News. ... -
Study Finds Black Americans More Likely To Have Their Bankruptcy Filing Rejected Or Referred To Chapter 13 Filing Compared To Chapter 7
African Americans are up to 28% more likely to be discharged from bankruptcy than non-black bankruptcy filers, which contributes to the widening of the wealth gap ... -
New Horizons Borders: charity bankrupt after “implosion”
A mental health charity GALASHIELS has been bankrupted following its ‘implosion’ during the coronavirus pandemic. Two “catalysts” for the demise of New Horizons Borders, formerly of ... -
Farmers could lose big from Express Grain bankruptcy
Express Grain Terminals, a family-owned Greenwood business, filed for bankruptcy on September 30, leaving many Delta farmers, at least for now, empty-handed for the crops they’ve ... -
Los Angeles’ mega-mansion ‘the One’ now bankrupt
By Steven Church and John Gittelsohn | Bloomberg The developer of one of the largest homes ever built in the United States – with a ditch ... -
Seadrill Nods For Ch. 11 Plan To Cut $ 4.9 Billion In Debt
By Dave Simpson (October 26, 2021, 11:22 p.m. EDT) – A Texas bankruptcy judge on Tuesday confirmed offshore oil driller Seadrill Ltd.’s reorganization plan that will ... -
Pipeline Company May File Bankruptcy After Orange County, Calif., Spill
MediaNews Group / Orange County Register via Getty ImagesGetty Images One thing I will never understand is why lobbyists and donors are so successful in deactivating ... -
What To Expect From Your Bankruptcy Lawyer
If you are reading this, you are probably looking for a legitimate bankruptcy lawyer. This in-depth guide will teach you how to distinguish a professional from ... -
Urgent need to reduce bankruptcy resolution times, according to MCA
NEW DELHI : There is an urgent need to reduce the procedural delays in the resolution of bankruptcies, despite the significant achievements of the National Company ... -
Monthly bankruptcy filings hit 33-year low in September | State
A modern new number of bankruptcy filings were filed in September in New Hampshire, with less than 50 on record. Forty-eight individuals and businesses filed for ... -
$ 500,000 fine and bankruptcy, Red River maintains “top notch” service
FORT WAYNE, Indiana (WANE) – Almost a week after filing for bankruptcy, Red River Waste Solutions said the company remains committed to providing its “usual top-notch ... -
J&J asylum seekers fail to prevent potential Talc bankruptcy
Delaware judge refused to bar Johnson & Johnson from separating talc-related liabilities from the rest of its business, ruling against personal injury lawyers who feared the ... -
Victims Express Frustration at Pace of Archdiocese of Santa Fe Bankruptcy Case | Local News
Letters sent to a federal bankruptcy judge for the Archdiocese of Santa Fe reflect impatience at the slowness of the case, which has dragged on for ... -
Johnson & Johnson talc spin-off files for bankruptcy
MONTGOMERY, Alabama (WSFA) – Lawyers representing the women who sued Johnson & Johnson say they are not backing down. “They knew from the start that they ... -
Forensic accountant helps save iconic steakhouse brand | Business Observer
It took him nearly 50 years, but Southwest Florida forensic accountant and bankruptcy trustee Jerry McHale says he has finally worked on the most exciting case ... -
Historic bankruptcy decision in Dubai courts – personal liability of directors and officers
In a landmark bankruptcy judgment on October 10, 2021, the Dubai Magistrates’ Court declared the directors and officers of an insolvent Dubai-based PJSC to be personally ... -
Why the stigma of bankruptcy when medical debt is the # 1 cause?
SALT LAKE CITY – A stigma surrounding bankruptcy persists, despite the fact that the two main reasons people go bankrupt are (1) medical bills and (2) ... -
Five things that need to change with the bankruptcy law in Aotearoa
Monday, October 11, 2021, 9:59 a.m.Press release: Debtfix In 2021, Debtfix co-founder Christine Liggins set out on a mission to make bankruptcy and insolvency law changes ... -
Vastaamo bankruptcy estate caps victim compensation at € 2,500 | Yle Uutiset
An article by ‘ransom_man’ on the Tor network on October 21, 2020 revealed the Vastaamo database hack. Image: Silja Viitala / Yle The bankruptcy of the ... -
Executives’ pre-bankruptcy bonuses spark outrage, little action in Congress
CEOs who receive bonuses while their companies are on the verge of bankruptcy have drawn the ire of members of Congress who say the payments are ... -
Hertz appoints former Ford boss Mark Fields as interim CEO after bankruptcy
Car rental giant Hertz has appointed former Ford CEO Mark Fields as the new interim CEO. Fields joined the Hertz board in June and succeeds Paul ... -
Mally Mall files for bankruptcy in jail: report
The mega-producer was sentenced to 33 months in prison after prosecutors alleged he used an escort service as a front for a prostitution ring. He once ... -
Bankruptcies in the third quarter of 2021 in Mexico.
During the third quarter of 2021, 4 bankruptcy petitions were filed, notified and registered in the files of the Federal Insolvency Institute.[1] Altan Redes, SAPI de ... -
September 2021 New mixed bankruptcy filings
NEW YORK, Oct. 04, 2021 (GLOBE NEWSWIRE) – Epiq, a global leader in technology services for the legal services industry and businesses, released its September 2021 ... -
Insolvency code: government reflects on next round of changes to insolvency and bankruptcy code
Of course, the recovery by the IBC is still far superior to that of other existing mechanisms, including Lok Adalats, DRT and the Sarfaesi Law. Senior ... -
bne IntelliNews – Avoiding water bankruptcy in drought-stricken southwest: What the US and Iran can learn from each other
The water year 2021 ends on September 30, and it was another hot and dry year in the western United States, with most of the region ... -
Two years have passed since Adria’s bankruptcy
This is the second anniversary of Adria Airways’ bankruptcy, even though the airline’s bankruptcy had been going on for much longer. We miss the former Slovenian ... -
Lisa Rinna apparently doubles her support for Erika Jayne amid bankruptcy and legal woes
Lisa Rinna says she is “on the right side of history” when it comes to supporting Erika Jayne amid her legal woes. The “The Real Housewives ... -
Avoiding Water Bankruptcy in Drought-Affected Southwest: What the United States and Iran Can Learn from Each Other
The water year 2021 ends on September 30 and it was another hot and dry year in the western United States, with most of the region ... -
Third Circuit Confirms Bankruptcy Court’s Power to Set and Enforce Deadlines for Administrative Expenses
In practice, Chapter 11 plans and confirmation orders systematically pay administrative expense claims, including those that arise after a plan is confirmed but before its effective ... -
Appeals mount in Purdue Pharma bankruptcy settlement – The Journal
Objections to landmark settlement with Purdue Pharma multiply in the form of appeals Objections to landmark settlement with Purdue Pharma multiply in the form of appeals, ... -
Bankrupt Debtor Trumps SBA in Arizona District PPP Loan Dispute
The Paycheck Protection Program (âPPPâ) was a forgivable loan program administered by the US Small Business Administration (âSBAâ) that was created under the Coronavirus Aid, Relief, ... -
How a woman lost $ 350,000 in student loans – without a lawyer
From the moment she moved to Los Angeles for her graduate studies, Mis Loe found herself experiencing what she describes as always “a late paycheck.” The ... -
Connecticut appeals Purdue bankruptcy plan
Press release from the GA office: September 27, 2021 Attorney General William Tong has filed a formal notice with the United States Bankruptcy Court in the ... -
California Attorney General announces appeal of Purdue bankruptcy plan, seeks to hold Sackler family accountable for role in opioid crisis
September 26, 2021 – OAKLAND – California Attorney General Rob Bonta announced last Friday that he would appeal the Purdue Pharma bankruptcy reorganization plan, which a ... -
Leading economist warns of ‘tsunami effect’ of bankruptcies when Covid-19 backers are withdrawn for businesses
A leading economist has warned of a “tsunami effect of corporate bankruptcies” when the government backs off Covid-19 support for businesses. Institute of International and European ... -
What plaintiffs can do if J&J succeeds in its bankruptcy strategy
By Edward Neiger (September 24, 2021, 5:20 p.m. EDT) – There are more than 35,000 claims open in federal court linking Johnson & Johnson’s talc-containing powders ... -
Does Evergrande’s bankruptcy affect the US stock market?
The Evergange crisis begins to worry investors in the United States as the company declares bankruptcy and shows little sign of being able to pay its ... -
Circuit City trustee asks Supreme Court to reconsider bankruptcy fee hikes
A Circuit City retail store in San Diego, Calif., Is shown here on March 6, 2009, with three days before the electronics retailer closed its doors ... -
Dan Celia: Weekly Market Trends, China Bankruptcy, and the Afghan Crisis
Free-photos / Pixabay PHILADELPHIA CREAM – Nationally syndicated host and biblical investment authority Dan Celia discussed market trends this week, the potential problem of China’s bankruptcy ... -
Chinese Evergrande announces that it will make a scheduled payment | Bankruptcy News
The main unit of the China Evergrande group said it would make a coupon payment on its domestic bonds on time, offering some relief to nervous ... -
Key hearing in Boy Scouts of America bankruptcy case
Key hearing before Delaware judge could determine if Boy Scouts of America could emerge from bankruptcy later this year Through RANDALL CHASE Associated Press September 21, ... -
Fair discretion in bankruptcy courts could be in jeopardy
By Brian Shaw and Mark Radtke (September 20, 2021, 2:44 p.m. EDT) – The ability of a bankruptcy court to exercise its discretion is critically important ... -
bne IntelliNews – Romania’s leading insurer City Insurance heads for bankruptcy after losing its license
On September 17, the Council of the Financial Supervisory Authority (ASF) of Romania withdrew the operating license of City Insurance, the country’s largest insurer which owes ... -
Bridal shop bankruptcy leaves brides and industry insiders with questions
The closure of a longtime bridal boutique in Edmonton leaves some bridal parties in a hurry. Sonya Dyck considers herself one of the lucky ones. She ... -
Johnson & Johnson brace for reorganization votes showdown with former talc supplier
A bottle of Johnson and Johnson Baby Powder is seen in an illustrative photo taken in New York City. REUTERS / Mike Segar J&J says votes ... -
Med Mal lawsuit dismissed for failure to notify bankruptcy court
By Mike Curley (September 17, 2021, 5:06 p.m. EDT) – A DC appeals court has dismissed a malpractice lawsuit brought by a woman who alleges her ... -
District court considers “bulk transfer” when applying for bankruptcy safe harbor
The District Court for the Southern District of New York recently released an important decision that provides further support for a holistic analysis when applying the ... -
US seeks to block bankruptcy plan that would free sacklers from opioid claims
WASHINGTON – The Justice Department decided Thursday to block a bankruptcy plan that grants broad legal immunity to pharmaceutical company Purdue Pharma, whose drug OxyContin has ... -
After bankruptcy, will ABC Carpet & Home remain exaggerated?
Photo: Alys Tomlinson / Shutterstock Hopefully ABC Carpet & Home, who filed for Chapter 11 bankruptcy last week at the age of 124, can get through ... -
How asbestos saved the Sackler family from bankruptcy
A LONG LEGAL chapter of the opioid epidemic in the United States, which continues to kill tens of thousands of people a year, finally came to ... -
Famous Bankruptcy Lawyer Charles Daff Examines Retirement Savings for Unsuccessful Older Workers
Charles Daff LOS ANGELES, CA, USA, September 8, 2021 /EINPresswire.com/ – The vast majority of older American workers are unprepared for retirement and they know it, ... -
Philadelphia Jewish Museum comes out of bankruptcy
(Philadelphia) – The National Museum of American Jewish History plans to emerge from Chapter 11 bankruptcy later this month, a process that has taken a year ... -
Covenant Living seeks to buy CCRC which filed for Chapter 11 bankruptcy
The nonprofit for the elderly Covenant Living has entered into a purchase agreement to purchase a CPAB in New Hampshire which recently filed for Chapter 11 ... -
Erika Jayne slammed in new bankruptcy lawsuit documents: “Glam cannot be backed by a sham”
Erika Girardi’s level of involvement in her ex-husband’s bankruptcy lawsuit continues to be questioned. The “Real Housewives of Beverly Hills” star has been criticized in new ... -
Tix Corp. files for bankruptcy
By Dave Sébastien Ticketing service provider Tix Corp. said it filed for bankruptcy after the Covid-19 pandemic resulted in the closure of its discount ticket stores ... -
The great debate on the place of bankruptcy
The debate rages on. Currently, a debtor can file a bankruptcy relief claim in any district (1) in which it is incorporated, maintains a residence, has ... -
Baron Corbin set to file for bankruptcy after WWE SummerSlam
Speaking in person to WWE SummerSlam, Baron Corbin revealed that he only has US $ 35 left and plans to file for bankruptcy. In real life, ... -
Goodwill thrives again after bankruptcy, shutdown
Thousands of Las Vegas residents stuck in their homes in 2020 had the same idea – they would donate their matching old T-shirts, shoes, dishes, computers ... -
EXPLANATION: What are the stakes in the Boy Scouts bankruptcy case | Ap thread
DOVER, Del. (AP) – The Boy Scouts of America filed for bankruptcy protection in February 2020 to end thousands of lawsuits filed by men who said ... -
FCA obtains bankruptcy order to pay back £ 530,000 to investors
Law360, London (Aug 9, 2021, 3:44 p.m. BST) – The UK financial watchdog said on Monday it had won a High Court bankruptcy claim to recover ... -
Landslide Victims Want Ch. 11 Ryan Homes Costume Break
Law360 (Aug 6, 2021, 6:47 p.m. EDT) – A group of Pennsylvania homeowners whose properties were damaged or lost in a 2018 landslide asked a Pennsylvania ... -
Texas freight forwarder files for bankruptcy
Trucking, logistics and air freight companies collectively owe hundreds of thousands of dollars after a Texas freight forwarder filed for Chapter 11 bankruptcy earlier this week. ... -
Atlanta Bankruptcy Associates Defines Proprietary Details on Chapter 13 Bankruptcy
Atlanta Bankruptcy Associates is a leading bankruptcy firm. A recent update outlined the essential details about Chapter 13 bankruptcy. Cumming, Georgia – In a recent blog ... -
Bankruptcy filings are at their lowest since 1985 amid Covid-19 boost
The number of bankruptcy filings in the United States has fallen to a level not seen since 1985, thanks to government interventions that kept people afloat ... -
Mallinckrodt faces investor revolt over handling opioid crisis
Shareholders of Mallinckrodt, the Dublin-based but US-led drugmaker amid bankruptcy reorganization, urged by leading business advisory firm to vote against some directors in rebuke for his ... -
Diocese of Norwich bankruptcy may prevent restitution in sexual abuse cases, experts say
NORWICH – The door could close for survivors of sexual abuse to seek redress after the Diocese of Norwich last week announced it was declaring bankruptcy, ... -
Resolve the Navy’s strategic bankruptcy
Special guest Chris Dougherty joins Chris and Melanie to discuss his recent War on the rocks article, “Gradually then suddenly: Explaining the Navy’s strategic bankruptcy.” Dougherty ... -
Shenzhen court issues landmark personal bankruptcy ruling
Landmark personal bankruptcy ruling by a court in southern China’s Shenzhen city could pave the way for a nationwide rollout of a legal system that would ... -
The insolvency and bankruptcy code is broken. It must be repaired, immediately
The Insolvency and Bankruptcy Code (IBC) is broken. It needs to be corrected, both to increase recovery and to redeploy assets locked away in failed companies. ... -
Houston’s Yellow Cab files for bankruptcy and could be replaced by zTrip
HOUSTON – Houston’s Yellow Cab services may end soon after the company announces it is filing for bankruptcy. âThe old adage that you’re going to hail ... -
J&J EXCLUSIVE plans to bankrupt talc liabilities
July 18 (Reuters) – Johnson & Johnson (JNJ.N) are investigating a plan to offload responsibility for the widespread baby powder litigation to a newly formed company ... -
The International Golf Club & Resort, Bolton, bankruptcy, marriage deposits
Rutland’s TJ and Kendra Henrickson lost their $ 30,000 wedding deposit last year when Bolton’s International Golf Club & Resort closed and declared bankruptcy. Finally, more ... -
Student loan giant loses another private debt release case in bankruptcy
Student borrowers with certain types of private loans have moved closer to being able to pay off that debt in bankruptcy after a New York court ... -
Bankruptcies, July 17 | Bankruptcies
the News-Press regularly publishes filings with the US Bankruptcy Court for the Western District of Missouri, based in Kansas City, Missouri, and the US Bankruptcy Court ... -
Zayat bankruptcy trustee cites potential assets in Egypt
Ahmed Zayat and his family celebrate American Pharoah’s Big Night at the Eclipse Awards in 2016 The trustee in charge of sorting the assets and liabilities ... -
Boyce Hydro bankruptcy fund has between $ 3-4 million, but 6,000 claims
MIDLAND COUNTY, Mich. (WJRT) – The man who will oversee the distribution of money from a bankruptcy fund in the wake of the Edenville Dam disaster ... -
Pipeline Foods files for Chapter 11 bankruptcy | 2021-07-12
FRIDLEY, MINN. – Pipeline Foods, a U.S. supply chain solutions company focused exclusively on organic, non-GMO and regenerative food and feed, announced on July 9 that ... -
15 more states reach bankruptcy settlement for OxyContin manufacturer Purdue
NEW YORK (Reuters) – Fifteen other states have struck a deal with Purdue Pharma LP and members of its wealthy Sackler family that brought the maker ... -
Bankruptcies, July 10 | Bankruptcies
the News-Press regularly publishes filings with the US Bankruptcy Court for the Western District of Missouri, based in Kansas City, Missouri, and the US Bankruptcy Court ... -
MatlinPatterson funds and foreign litigants prepare for bankruptcy
United States Bankruptcy Court for the Southern District of New York. REUTERS / Andrew Kelly summary Law firms Related documents Judge approves preliminary protection order for ... -
Developments in Bankruptcy and Insolvency Laws in Singapore and Malaysia
Tthis article examines some recent developments in bankruptcy and insolvency laws in Singapore and Malaysia. Singapore: Dispositions of assets Under Singapore Bankruptcy Law, any disposition of ... -
LATAM’s bankruptcy protection extended until mid-September
A US federal court has approved an extension of the submission date for LATAM’s restructuring plan to mid-September. The South American airline was due to present ... -
Hertz emerges from bankruptcy, expects “strong financial results” in 2021
Justin sullivanGetty Images Car rentals declined last year – you see why – and that helped push already struggling Hertz into bankruptcy in early 2020. Even ... -
Debt or equity? SDNY Bankruptcy Court Declares “Debt” in Recent Case Involving Party Debt Reclassification as Equity | Weil, Gotshal & Manges LLP
Overview In a recent decision, In re Live Primary, LLC, 626 BR 171, 178 (Bankr. SDNY 2021), the Bankruptcy Court for the Southern District of New ... -
Boy Scouts’ bankruptcy plans angry some, welcomed by others
NEW YORK – An $ 850 million Boy Scouts of America deal to compensate victims of sexual abuse sparked outrage from some survivors and their advocates ... -
Chilean bank shareholder obtains bankruptcy protection in Delaware
A branch of Itau Bank is seen in Vina del Mar, Chile, July 30, 2019. REUTERS / Rodrigo Garrido summary Companies Law firms Related documents Noteholders ... -
Tom Girardi’s law firm received PPP loan before bankruptcy
Real Housewives of Beverly Hills fans have learned that Tom Girardi’s former law firm received a PPP loan before filing for bankruptcy. The Real Housewives of ... -
In re Roman Catholic Church of the Archdiocese of Santa Fe
Although bankruptcy filings are down in 2021, the expiration of the paycheck protection program and the reopening of courts nationwide could lead to an increase in ... -
5 ways to avoid bankruptcy in 2021
Developing a successful business is not easy. This field is unpredictable, so much so that you can go from smooth to difficult very quickly. One of ... -
Hertz is on the verge of coming out of bankruptcy. Why his action is a buy.
A Hertz car rental agency in Silver Spring, Maryland. Kristoffer Tripplaar / Sipa United States via AP Text size Hertz Global Holdings should come out of ... -
Morgantown Mall files for Chapter 11 bankruptcy in hopes of revamping
MORGANTOWN, W.Va (WDTV) – Many shopping malls across the country, including West Virginia, are expected to close over the next five to ten years as online ... -
Meriden officials want bankruptcy investigation that thwarted foreclosure auction
MERIDEN – The city is asking a bankruptcy court to allow it to investigate the 11th hour formation of a limited liability partnership that ended a ... -
Purdue Pharma bankruptcy judge suspends insurance lawsuit in favor of arbitration
A pharmacist holds a bottle of OxyContin made by Purdue Pharma at a pharmacy in Provo, Utah. REUTERS / George Frey Judge says policies are not ... -
Sunland Park Mall Owner Goes Bankrupt | Local News
Malls are dying across the country, with plenty of images and examples of decaying giants, once fashion, trading and mall pizza houses. So it wasn’t a ... -
Polaris Small Owner File for Bankruptcy
The Columbus-based Washington Prime Group officially announced Sunday, June 13, that the company has filed for Chapter 11 bankruptcy protection. The company owns and operates more ... -
Scouts on the verge of bankruptcy strike deal with largest group of victims
The Boy Scouts of America are on the verge of reaching a settlement with lawyers for victims of sexual abuse, marking a major milestone in the ...