Browsing Category
Restaurant funding
Publishers avoid ‘bankruptcy for reporting the truth’ as government scraps Section 40…
Tuesday, May 10, 2022 3:06 p.m.
(Photo by Edward Smith/Getty Images)
The government is set to repeal a potentially crippling legal provision that causes newspapers to pay both sides court costs!-->…
india sri lanka news: India to step up aid as Sri Lanka nears bankruptcy
India is expected to step up its economic aid to Sri Lanka as the country is on the verge of bankruptcy and its usable foreign exchange reserves have fallen below $50 million.
The new aid could focus on humanitarian needs and the two…
Even Indirect Income From Cannabis Can Ban You From Bankruptcy | Ward and Smith, Pennsylvania
Despite widespread trends of state-level legalization and decriminalization of high-THC cannabis and growing acceptance of cannabis by Americans, cannabis and cannabis-based products remain illegal under federal law. .
At least 37…
Bankruptcy Court Powers to Sanction Lawyers and Others Expanded in New Appeal Ruling
Although it has long been recognized that bankruptcy courts have the power to sanction attorneys!-->…
Cycling legend Stephen Roche vows to bankrupt comeback after Spanish cycling holiday company goes…
CYCLING legend Stephen Roche has vowed to return after being declared bankrupt in Spain.
A civil court in the country has ordered the 1987 Tour de France winner to repay €750,000 to creditors after his Mallorca cycling holiday business went…
Phil Ivey Company Sues Bankruptcy Over Cannabis Investment Files
Phil Ivey the chances of collecting on the $1.9 million line of credit he granted to a Las Vegas cannabis dispensary investor may have diminished, as the company he is suing filed for a wager…
The Ultimate Guide to Restaurant Loans and Financing
What is financing for restaurants?
Restaurant financing refers to funds obtained, borrowed, or provided by an outside company to begin or expand, help or improve the business of a restaurant. This access to essential capital allows!-->!-->!-->…
4th Cir. Cancels Bankruptcy Order for Civil Contempt of Creditor and Declares Taggart Standard to…
The United States Court of Appeals for the Fourth Circuit recently ruled that the "without reasonable doubt" standard established by the United States Supreme Court in Taggart vs. Lorenzena case involving an alleged breach of a Chapter 7…
High Court ghost file wrongly shortens court process, harming justice: Pat E. Morgenstern-Clarren
SHAKER HEIGHTS, Ohio — Our Constitution only works when those who serve in all three branches of government act openly and in good faith for the public good. This applies as much to the Supreme Court of the United States as it does to…
Alex Jones’ rep tells judge he didn’t file for bankruptcy himself for fear it would…
Alex Jones filed for bankruptcy for Infowars but not for himself as trials neared to award damages in libel cases he lost to Sandy Hook families because Jones feared losing credibility from listeners and that product sales would suffer, his…
Nursing home operator postpones final hearing on bankruptcy plan
Judge questions use of non-public report to support planThe hearing will resume on April 27(Reuters) - The judge overseeing the bankruptcy of Gulf Coast Health Care LLC has pushed back the final hearing on its proposed liquidation plan…
Bankruptcy, Transfer of Liability and Charge Holders
Central Bank Governor Dr. P. Nandalal Weerasinghe (left) with Treasury Secretary Mahinda Siriwardena last week during the press conference on the suspension of repayment of all external debt from April 12 - Photo…
Authorize requests for lawyer’s fees, or not, in the event of bankruptcy (In re HTO & In…
Question: What causes a claim for attorney's fees to be allowed or denied in bankruptcy?
Short answer: Services (i) must be “necessary” and (ii) must require legal expertise.
Two recent reviews
Two recent opinions address this issue:
In…
Two more Snyder County companies file for bankruptcy
April 10—Stanley Woodworking and William Penn Cabinetry, two Snyder County companies owned by Maurice and Deb Brubaker, filed for Chapter 7 bankruptcy.It is the third company owned by the Brubakers, who work as tax professionals in…
The owner continues to fight against the bankruptcy of the builder
ANNA, Ohio (WDTN) — A Shelby County man says he is more than $100,000 short after a builder filed for bankruptcy and bailed out his project.
“I was building a house, about a 2,400 square foot house with a pole attached to it,”…
Congress should ban the practice used by Johnson & Johnson to avoid lawsuits
Bankruptcy is meant to provide a fresh start for businesses facing financial ruin. You would therefore think that Johnson & Johnson, one of the most valuable companies in the world, would not qualify.But in recent months, the $470…
What we read this week [April 1, 2022] – Insolvency/Bankruptcy/Restructuring
United States: What we read this week
…
VfL back amid eviction war after Wolfsburg bankruptcy | NDR.de
Status: 03.04.2022 5:19 p.m.
Bundesliga club VfL can't get rid of worries expelled by Wolfsburg. Lower Saxony lost 0:3 (0:1) to table neighbors FC Oxburg and came back amid the struggle for the exit.
By Martin Schneider
Just 52!-->…
Oxford landlord who ‘owed £270,000’ charged with breaking bankruptcy rules
A bankrupt letting agent was due to appear before a Crown Court judge accused of paying £25,000 in rent when she owed the tax authorities more than a quarter of a million pounds.
Madelaina Eftekhari, 56, allegedly…
Online Bankruptcy Software Market Drives Growth Worldwide
"Global online bankruptcy software Market Research Report 2022 »This research report offers Covid-19 outbreak study accumulated to offer latest insights regarding acute characteristics of the Online Bankruptcy Software market. This…
Lawyers say critical moment in Archdiocese of Santa Fe bankruptcy case | Local News
Lawyers offered moderate hope Friday for a resolution in the Archdiocese of Santa Fe's Chapter 11 bankruptcy…
GenCanna’s bankruptcy leads to several lawsuits against other companies
Following GennCanna's Chapter 11 bankruptcy case, a KentuckyLondon-based hemp processor, post-confirmation entity, Oxford Restructuring Advisors, has filed multiple lawsuits against creditors and sellers to recover preferential transfers,…
Boris Becker to stand trial from Monday for concealing assets at bankruptcy hearing
Former Grand Slam champion, Boris Becker has been under investigation for five years but it will all come to a head over the next few weeks with the 54-year-old German set to stand trial from Monday (21MAR) in…
SBA may deny PPP loan due to bankruptcy, appeals court rules
REUTERS/Dado Ruvic/IllustrationJoin now for FREE unlimited access to Reuters.comRegisterSummaryLaw firmsRelated documentsBankrupt Vermont hospital not eligible for pandemic aid, court rulesGrants, not loans, protected by bankruptcy…
Puerto Rico emerges from bankruptcy after grueling debt negotiation
Puerto Rico's government officially emerges from bankruptcy after completing the largest public debt restructuring in U.S. history after announcing nearly seven years ago that it was unable to pay its debt by more of $70 billion.By…
The wife of promoter “Gordon Gekko” threatened with bankruptcy for unpaid rent
LoadingCourt documents reveal the owners of the Kinkora Road property, Anne and Grant Brown, have been involved in a bitter and costly legal bid to collect the debt for the past 18 months.Despite a debt settlement directive by Victoria…
Copperline Partners pays $10 million for Palm Beach Resort property
Palm Beach Resort & Beach Club at 3031 South Ocean Boulevard (Google Maps)
Copperline Partners has paid $9.8 million for a former timeshare resort on the Palm Beach waterfront.
In a bankruptcy sale, an entity controlled by…
A U.S. bankruptcy judge has approved Purdue Pharma and Sacklers’ $6 billion settlement…
The new agreement, reached earlier this month after eight states and the District of Columbia finally appealed a previous agreement, does not protect the Sackler families from future liability related to the opioid crisis.“No settlement…
Bankruptcy and the Boy Scouts
A. Bankruptcy
Imagine that the Acme Widget Company discovered that, to its horror, no one wanted its widgets anymore. Acme owed $100,000 to its suppliers, but had assets that only totaled $5,000, with no prospect of adding to those assets…
“We are not on the verge of bankruptcy,” says Kerswell
CROYDON IN CRISIS: The CEO of the £192,000 council has told a local government magazine she has a solution to the latest financial crisis: more borrowing. By STEVEN DOWNES
The Borrower: Council CEO Katherine Kerswell believes there…
AG’s challenge to OxyContin maker’s bankruptcy plan results in another $113 million for…
Washington Leadership Leads Oxycontin Maker to Commit Another $1.175 Billion to States, Cities and Tribes
OLYMPIA — Attorney General Bob Ferguson announced on March 3, 2022 that Washington would receive an additional $113 million from…
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 launch of the Epiq Bankruptcy Analysis web technology solution. This…
Barclays and Kuwait seek halt to $85m Madoff recovery lawsuits
By Rick Archer (February 28, 2022, 7:02 PM EST) - Barclays Bank and a Kuwaiti government investment fund have asked a New York bankruptcy judge to halt attempts by the former company's trustee to convicted fraudster Bernie Madoff's…
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 father who took care of the children during the day after long night shifts…
Fifth Circuit Offers Commercial Tenants Likely Protection in Bankruptcy Court Free and Clear Asset…
A bankruptcy court gave "unnecessary and probably incorrect" reasoning to support its "excessively broad proposition that free and clear sales under Section 363 nullifies and essentially renders inoperative the lessee's critical…
Honey Do Men wins legal fees in battle over bankruptcy papers
For nearly six years, Honey Do Men Gutters Inc. has been trying to collect payment of $61,814 for work on Teba Gumbs' home in Peekskill, and for six years Gumbs has evaded collection of that debt.
Now, a federal…
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.
This week we cover topics such as: Dashboards: draft rules for…
Transport for London warns of potential bankruptcy as funding crisis deepens
Saturday February 19, 2022 1:20 p.m.
Transport for London (TfL) may have to declare bankruptcy if the government does not say whether it will cough up new funds in the coming days, the!-->…
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 District of…
Substantive Opinions on Consolidation and Non-Consolidation –…
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 be included in a non-consolidation opinion issued to the lender in the context of a…
Difficult appeal in bankruptcy
It's no surprise that Philippine Airlines (PAL) has incurred a lot of expense to get out of the Chapter 11 bankruptcy case it filed in a US court.
According to a report by Inquirer Business, PAL paid almost $3 million (approximately 150…
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…
Puerto Rico has a plan to recover from bankruptcy – but the deal won’t make…
(The Conversation is an independent, nonprofit source of news, analysis, and commentary from academic experts.)
(THE CONVERSATION) Puerto Rico's bankruptcy problem is complicated — but the various ways the crisis is hurting most…
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…
Government says 43 business debtor cases resolved under bankruptcy code
The government says 43 corporate debt cases have been resolved under the bankruptcy codeNew Delhi: The government said 43 large corporate debtors, each with total admitted claims of Rs 2,500 crore and above, have been resolved…
Andrew Garfield once explained why bankruptcy was the ‘best thing’ that could happen to…
Although Andrew Garfield is a success actor now, when he was growing up, his family struggled financially. However, in hindsight, Garfield didn't see the situation as entirely negative. He once shared important life lessons that…
IndusInd Bank files for bankruptcy against Zee for payment default
Private sector lender IndusInd Bank has filed for bankruptcy against indebted Zee Entertainment with the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC). The case concerns the alleged default of a…
Bankruptcy not an option for Suva businesses – FBC News
COVID-19 has caused an unprecedented economic contraction, but government assistance has helped businesses stay afloat during the pandemic.
Suva Retailers Association President Jitesh Patel said chronicling the economic shocks most of…
8 restaurant chains that are shrinking right now – Eat This Not That
COVID-19 is not yet done with the restaurant industry. Two years after the start of the pandemic, many American restaurant chains continue to struggle, faced with decrease of sales on the one hand and the rapid…
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…
Virtual court appearances save clients money and create a niche for renowned bankruptcy lawyer…
Renowned California Bankruptcy Law Specialist - Charles Daff
Remote Desktop and Customer Video Conferencing Enter a New Era in 2022 for Charles Daff
If you are overwhelmed by debt, you…
Blank Rome welcomes a leading partner in energy financing
Washington D.C.; Cincinnati, OH, Jan. 25, 2022 (GLOBE NEWSWIRE) -- Blank Rome LLP is pleased to announce that David E. Kronenberg has joined the firm as an Energy Finance Partner in the Finance Practice Group, Restructuring and Bankruptcy…
Marin scammers’ scheme fuels $437m property sale
The fallout from a massive fraud scheme by Marin's investment managers resulted in the sale of $436.5 million worth of North Bay properties.
The sale involved 60 sites formerly controlled by Professional Financial Investors Inc. and its…
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…
Tommy Robinson sued for an estimated £2m debt after filing for bankruptcy | tommy robinson
Far-right activist Tommy Robinson is being sued for around £2million by his creditors after he declared bankruptcy in a High Court libel suit.English Defense League founder, real name Stephen Christopher Yaxley-Lennon, declared himself…
Facing Bhagwant Mann CM reflects AAP’s ‘bankruptcy’, says Sukhbir Badal –…
Through PTI
CHANDIGARH: SAD leader Sukhbir Singh Badal said on Tuesday that making Bhagwant Mann the chief ministerial face reflected the "complete bankruptcy" of the Aam Aadmi party.
Shiromani Akali Dal (SAD)…
“Glenn Youngkin and his administration are already showing the absolute moral bankruptcy of the…
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!-->!-->…
Washington’s political maneuverings are on the verge of bankruptcy
Trump supporters clash with police and security forces as people attempt to storm the US Capitol on January 6, 2021 in Washington, DC. Photo: AFP During his remarks on the anniversary of the January 6 Capitol Riots, US President Joe…
Poughkeepsie physiotherapy company files for bankruptcy in landlord-tenant dispute
A physiotherapy company in Poughkeepsie has filed for bankruptcy, attributing financial hardship to landlord-tenant issues and the Covid-19 pandemic.
Physiotherapy and physiotherapy center in New York. Photo…
Bankrupt ČSA to resume flights to five destinations and increase connections
National carrier Czech Airlines (ČSA) will resume flights to five destinations in the coming weeks and increase the frequency of flights to European destinations. ČSA will fly again to Odessa, Amsterdam, Copenhagen,!-->!-->!-->…
NRA bankruptcy case dismissed, leaving group to face trial in New York for financial abuse
A federal judge on Tuesday dismissed the National Rifle Association bankruptcy case, leaving the powerful gun rights group to face a lawsuit in New York state that accuses it of financial abuse and aims to bankrupt it. The case…
Oyo is no longer a start-up, has assets worth millions of dollars: Fhrai tells Nclat
The Federation of Indian Hotel and Restaurant Associations (FHRAI) told the National Company Law Appeals Tribunal (NCLAT) on Wednesday that the Oyo hotel company had assets in excess of Rs 300 crore as of fiscal year 2019 and that it was no…
Property and rights not seized – Employment and HR
To print this article, simply register or connect to Mondaq.com.
According to the law of enforcement, it is possible to seize all the assets and rights of the debtor so that the creditor collects his claims. But in…
Sunland Park Mall owner files Chapter 11 bankruptcy reorganization
It will be business as usual for now at Sunland Park Mall, El Paso's second-largest mall, after the company that owns it filed for Chapter 11 bankruptcy protection on Sunday.The operations of the Ohio-based Washington Prime Group have been…
Amendments to the law on execution and bankruptcy: it is now possible to sell companies as a whole
On June 19, 2021, Law No. 7327 amending the Enforcement and Bankruptcy Law and certain other laws was published in the Official Gazette and, as a result, significant changes were made to the law on enforcement and bankruptcy . The…
NRA bankruptcy case denied, allowing New York dissolution case to proceed: NPR
Wayne LaPierre, CEO of the National Rifle Association, at…
Girardi Keese’s trustee wants Erika Girardi’s lawyer to testify
Thomas Girardi's law firm bankruptcy trustee wants his ex-wife's divorce lawyer Erika Girardi, also known as Erika Jayne, to testify as to where the potential assets of the company, according to a petition filed by a special litigation…
The Assisted Living chain gets the green light on the first ea. 11 Loan
Law360 (June 23, 2021, 5:10 p.m. EDT) - Assisted living chain owner received court approval from a Delaware bankruptcy judge on Wednesday to tap part of a Chapter 11 loan which will be used to cover the initial costs of his…
What Are Common Bankruptcy Questions? Here are some answers –
Is there a constitutional right to file for bankruptcy?
Yes there is. The US Constitution adopted 250 years ago provides for the establishment of bankruptcy courts and the power to administer them. Our Founding Fathers believed that…
Van Horn Law Group Win helps ensure legal access to underserved communities
Chief Justice Laurel M. Isicoff alongside Van Horn Law Group, its founding partner Chad Van Horn, and lawyer Melissa Goolsarran Ramnauth who argued the case for the company in a case alleging that the company had violated federal…
More Changes to Boy Scouts of America Bankruptcy Plan | Delaware News
By RANDALL CHASE, Associated PressDOVER, Del. (AP) - Latest bankruptcy plan filed by Boy Scouts of America increases BSA and its local councils' contributions to a child sex abuse trust fund project while appearing to back down from…
Washington Prime mall owner files for Chapter 11 bankruptcy
Signage is seen in the United States Bankruptcy Court for the Southern District of New York in Manhattan, New York, United States, August 24, 2020. REUTERS / Andrew KellyJune 13 (Reuters) - The owner of the Washington Prime Group shopping…
Thompson Coburn Partners with Hahn & Hessen, Consolidating its Status as a National Firm with a…
NEW YORK--(COMMERCIAL THREAD) - Thompson Coburn LLP, a national law firm with six offices across the country, announced its merger with New York-based Hahn & Hessen LLP, a 44-lawyer firm with nearly a century of experience in…
Nine Point Bankruptcy Judge Asks for More Information on Conflict of Privilege
Midstream service provider claims to have privileges over assets soldJudge says more evidence is neededMediation to comeThe company and law firm names listed above are generated automatically based on the text of the article. We are…
Lawmakers oppose bankruptcy or liquidation of Garuda Indonesia | New
Indonesian lawmakers have expressed opposition to bankruptcy or liquidation of ailing national carrier Garuda indonesia during a parliamentary hearing on June 21, as airline executives revealed further details of the downsizing of its…
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 youth group's efforts to end the largest bankruptcy case on record for child abuse,…
This defense could save you from medical bankruptcy
I asked the folks at Facebook to give me examples of wacky medical bills they received. Warning: this is not the kind of question you should ask if you have high blood pressure, otherwise you will end up in the hospital…
Jackie Shroff opens up on bankruptcy, reveals Tiger Shroff bought back home he lost due to financial…
Jackie Shroff, besides being a great actor, is also the proud father of his two children - actor Tiger Shroff and entrepreneur Krishna Shroff. In a recent interaction, the "Parinda" actor spoke about bankruptcy and how Tiger…
Mentor Responds After Great Lakes Mall Owner Filed For Bankruptcy
Washington Prime Group, owner of the Great Lakes Mall, filed for bankruptcy this week, leaving many wondering what the future holds for the Mentor mainstay.
MENTOR, Ohio - People are back in stores and states…