Tag: bankruptcy court
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SBA may deny PPP loan due to bankruptcy, appeals court rules
REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Summary Law firms Related documents Bankrupt Vermont hospital not eligible for pandemic aid, court rules ... -
West Bank waterfront acreage heads for bankruptcy auction in April | Economic news
A parcel of waterfront property that was earmarked for a $50 million condominium project on the West Bank will be sold next month after a bankruptcy ... -
Epiq launches new bankruptcy analytics platform
NEW YORK, March 02, 2022 (GLOBE NEWSWIRE) — Epiq, a global leader in technology services for the legal industry, today announced from its Bankruptcy Division the ... -
OxyContin victims fight for their part in Purdue bankruptcy case | Opioid crisis
STephanie and Troy Lubinski met when they were teenagers and they were married for three decades. Troy was big-hearted, kind, the best fisherman around, a devoted ... -
Fifth Circuit Offers Commercial Tenants Likely Protection in Bankruptcy Court Free and Clear Asset Sales
A bankruptcy court gave “unnecessary and probably incorrect” reasoning to support its “excessively broad proposition that free and clear sales under [Bankruptcy Code (“Code”)] Section 363 ... -
CFTC lawsuit against ex-Washington rancher delayed pending bankruptcy
The CFTC complaint seeks restitution, civil penalties, and permanent bans on trading and recording on Easter Day. On several occasions, according to the CFTC complaint, Easterday ... -
Pensions: what’s new this week February 2022 # 3 | Allen & Overy LLP
Welcome to your weekly update from the Allen & Overy Pensions team, covering all the latest legal and regulatory developments in the world of occupational pensions. ... -
Long-Struggling Ohio Valley University Files for Bankruptcy | News, Sports, Jobs
VIENNA — Considered the optimal option, Ohio Valley University filed for Chapter 7 bankruptcy Thursday in the United States Bankruptcy Court for the Northern ... -
Substantive Opinions on Consolidation and Non-Consolidation – Insolvency/Bankruptcy/Restructuring
To print this article, all you need to do is be registered or log in to Mondaq.com. In this article, the authors review the elements to ... -
Bankruptcy watchdog challenges legal shield in Boy Scouts abuse deal
The Cushman Watt Scout Center, headquarters of the Boy Scouts of America for the Los Angeles Area Council, is pictured in Los Angeles, California October 18, ... -
The Day – Diocese of Norwich given extension until April to file bankruptcy plan
Norwich – A Federal Bankruptcy Court judge on Monday extended the deadline for the Diocese of Norwich to file its bankruptcy plan to April 15. The ... -
8 Restaurant Chains That Are Currently Shrinking – Eat This Not That
COVID-19 is not yet done with the restaurant industry. Two years into the pandemic, many American restaurant chains continue to struggle, faced with declining sales on ... -
Controversial landlord Joshua Bruno files for bankruptcy on five apartment complexes | Courts
Joshua Bruno, who operates five low-income apartment complexes in New Orleans where tenants are complaining of dire conditions, filed for bankruptcy Thursday on all the properties, ... -
Bankruptcy Matters: The New Pandemic Wave Is Coming – Insolvency/Bankruptcy/Restructuring
To print this article, all you need to do is be registered or log in to Mondaq.com. Given the ongoing economic upheaval due to the COVID-19 ... -
Bankruptcy court petition seeks foreclosure of Zayat Home
The holder of a note and mortgage on the Teaneck, New Jersey residence of Ahmed and Joanne Zayat filed for bankruptcy court leave to seek foreclosure ... -
Not so fast! How Poor Planning Can Doom Your Chapter 11 Filing Nelson Mullins Riley & Scarborough LLP
Texas bankruptcy court ruling earlier this year to dismiss the National Rifle Association’s (“NRA”) Chapter 11 bankruptcy case as bad faith case illustrates the dangers of ... -
Puerto Rican bankrupt parties oppose Supervisory Board deal
Several Puerto Rican bankrupt parties objected to the bankruptcy agreement documents proposed by the Supervisory Board, saying they were discriminatory, did not respond to the judge’s ... -
Day – The Sacklers should pay dearly, but will they?
By rejecting the bankruptcy settlement of OxyContin maker Purdue Pharma, U.S. District Judge Colleen McMahon has opened up the possibility that the Sackler family could be ... -
United Methodists to join Boy Scouts bankruptcy plan
DOVER, Del. (AP) – Congregations affiliated with The United Methodist Church have agreed to contribute $ 30 million to a fund for victims who say they ... -
Settlement with survivors approved by court; USA Gymnastics to come out of bankruptcy
INDIANAPOLIS, December 13, 2021 – The U.S. Bankruptcy Court for the Southern District of Indiana on Monday upheld a joint reorganization plan backed by USA Gymnastics ... -
AG Donovan says he pledged to challenge opioid drugmaker’s bankruptcy plan
Last week, the state of Vermont and four others filed a legal case seeking to overturn a bankruptcy plan for Purdue Pharma. The plan would grant ... -
Automatic suspension and bankruptcy of debtors
Tuesday, December 14, 2021 Many creditors have been warned of the need to stop collection efforts once they are notified that a debtor has filed for ... -
USA Gymnastics’ $ 380 million bankruptcy plan must be approved
USA Gymnastics’ Chapter 11 plan to settle hundreds of sexual abuse claims by paying victims $ 380 million, largely from insurance proceeds, is expected to go ... -
Indiana joins others in opposing USA Gymnastics settlement plan
USA Gymnastics filed for Chapter 11 bankruptcy in the U.S. South Indiana Bankruptcy Court in 2018, in a bid to survive hundreds of lawsuits across the ... -
How to make a good impression in bankruptcy court
How should a Chapter 11 debtor’s financial information be presented in bankruptcy court to create the best first impression? To give the court an accurate picture ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
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, ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
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. ... -
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, ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
Bankruptcy court gives green light to Thai Airways rehabilitation plan
BANGKOK (The Nation / ANN): The central bankruptcy court has approved the rehabilitation plan for Thai Airways International (THAI), a source said on Tuesday (June 15th). ... -
Washington Prime Group Begins Voluntary Chapter 11 Financial Restructuring with RSA Supported by Over 70% of Holders of Secured and Unsecured Corporate Debt
Columbus, Ohio – (COMMERCIAL THREAD) – Washington Prime Group Inc. (NYSE: WPG) today announced that it and some of its subsidiaries have filed voluntary petitions seeking ... -
judge confirms the rejection of the case against the developer of the complex | Montana News
By PHIL DRAKE, Helena Independent HELENA, Mont. (AP) – A U.S. bankruptcy judge has upheld court rulings that the state of Montana lacks the legal capacity ... -
Boy Scout Bankruptcy May Cost WNY Boards, But No One Knows How Much | Crime News
Three Scout Councils in western New York State will have to pour into a $ 425 million jar to settle sexual abuse complaints, as part of ... -
Bankruptcies – June 2021 – Tri-Cities Area Journal of Business
Bankruptcies are filed under the following chapter headings:Chapter 7 – Pure and simple bankruptcy: the debtor transfers non-exempt property and the debt is discharged.Chapter 11 – ... -
Bankruptcy court approves plan to reorganize Estero-based Hertz
(PA) Hertz will likely come out of Chapter 11 bankruptcy protection by the end of the month after a bankruptcy court upheld the beleaguered car rental ... -
Ch. 11 Motion for contempt to be awarded
Law360 (June 8, 2021, 10:53 p.m. EDT) – A Texas bankruptcy judge said on Tuesday she would uphold a petition from bankrupt investment firm Highland Capital ... -
Delaware bankruptcy court reopens for in-person hearings
Delaware bankruptcy court resumes on-site hearings on a case-by-case basis, while encouraging participants to attend remotely “where possible.” June 4 from Judge Christopher S. Sontchi order ... -
Long Beach takes control of Queen Mary in bankruptcy court • Long Beach Post News
The move means Long Beach will have full control of the vessel and will be responsible for deciding how much to invest in critical repairs to ... -
Judge Confirms $ 11.5 Million in Chesapeake Energy Lease Agreements
Law360 (June 3, 2021, 8:59 p.m. EDT) – A Texas judge upheld $ 11.5 million in bankruptcy settlements between Chesapeake Energy Corp. and Pennsylvania oil and ... -
Asheville’s Avadim Health to Sell Assets and File for Chapter 11 Bankruptcy
ASHEVILLE – Avadim Health, Inc., an Asheville-based health and wellness company that sells topical products made using a proprietary Bionome Engineered platform, has entered into an ... -
Michael Stern, LLC Owner, Files Chapter 11 Bankruptcy
Michael Stern of JDS Development and 613 Baltic Street (JDS, VOA architecture) JDS Fourth Avenue LLC from developer Michael Stern, who owns a controlling interest in ... -
The hotels in difficulty can provide a night turndown service, cannot be refused for subchapter V Bankruptcy – Insolvency / Bankruptcy / Restructuring
United States: Struggling hotels can provide turndown service, cannot be turned down for subchapter V bankruptcy May 31, 2021 Ward and Smith, PA To print this ... -
Bankrupt San Jose, San Mateo Hotels Find Buyers – Lake County Record-Bee
SAN JOSE – Two Bay Area hotels that have been mired in bankruptcy have landed buyers in deals that could put them back on solid financial ... -
Corporate restructuring review | May-June 2021 | Jones Day
In this problem: First Impressions: Third Circuit Sabotages Triangular Compensation In Bankruptcy In In re Orexigen Therapeutics, Inc., 990 F.3d 748 (3d Cir. 2021), the United ... -
Ponzi scheme victims unite, run bankruptcy to help each other
California real estate mogul Kenneth Casey defrauded more than 1,300 investors out of hundreds of millions of dollars in a Ponzi scheme. Now its victims are ... -
Purdue Pharma bankruptcy judge compares Sacklers to Scrooge McDuck
A judge in the Purdue Pharma bankruptcy case said the company’s wealth cannot be tied to a single person. “There isn’t a single Scrooge McDuck, there ... -
Bankruptcy – Foreclosure Judgment – State Court – Massachusetts Lawyers Weekly
Bankruptcy Appeal Board By: Mass. Lawyers Weekly Staff May 25, 2021 When a debtor has commenced adversarial proceedings seeking an order setting aside a state court ... -
Many Scout victims find little solace as bankruptcy draws to a close
When the Boy Scouts of America filed for bankruptcy last year and called on alleged victims of childhood sexual abuse to step forward, about 84,000 did ... -
Purdue bankruptcy judge approves law firms’ deal waiving $ 1 million in fees
File photo: Bottles of the prescription pain reliever OxyContin, 40 mg tablets, manufactured by Purdue Pharma LD, sit on a shelf at a local pharmacy in ... -
Fairmont San Jose hotel bankruptcy reaches critical milestones
SAN JOSE – The Fairmont San Jose hotel bankruptcy case has reached critical milestones as uncertainties swirl around a specific date for the reopening of the ...