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Parent of conspiracy website InfoWars files for bankruptcy
July 29 (Reuters) - The parent of far-right conspiracy website InfoWars filed for bankruptcy protection in the United States on Friday as the company and its founder Alex Jones face up to $150 million in damages -interest in a lawsuit for…
Forty percent of local start-ups threatened with bankruptcy – Poll
According to a survey by the Macao Young Entrepreneurs Incubation Center, some 40 percent of local start-ups will be forced to cease operations if pandemic outbreaks recur in the second half of the year.…
Could Amber Heard just file for bankruptcy to avoid paying Johnny Depp?
There are messy celebrity divorces, and then there's the infamous split between Johnny Depp and Amber Heard. Both actors were fight in court for yearsand it just keeps going following the judgment of their defamation suits. The Aquaman…
Barcelona risk bankruptcy with biggest bet in club history
You see, while the president can change at Barca, the approach to stellar signings remains the same.Indeed, Bayern Munich boss Julian Nagelsmann spoke for many in the footballing world this week when he remarked: "They have a lot of new…
Revlon creditors say the company’s bankruptcy is headed for a ‘mess’
Revlon products are on sale in a store in New York, June 29, 2022. REUTERS / Andrew KellyJoin now for FREE unlimited access to Reuters.comRegisterSummaryLaw firmsRelated documentsUnsecured creditors oppose bankruptcy financing…
Bankruptcy Mediation: An Effective, But Difficult, Tool for Resolving Mass Tort Disputes
Bankruptcy mediation has been an effective tool in resolving mass liability cases.
This efficiency has benefited all parties involved, such as:
help maximize recoveries for tort claimants;
help distribute limited funds among competing…
Stroock Adds New York Restructuring and Bankruptcy Group
NEW YORK, July 18, 2022 /PRNewswire/ -- Stroock is expanding its Restructuring and Bankruptcy practice with a team from Luskin, Stern & Eisler, a boutique Chambers-listed firm specializing in restructuring and bankruptcy. The…
Hell’s Kitchen Gentlemen’s Club and Lumber Yard file for bankruptcy
This may be the last dance for New York real estate magnate Robert Gans. The owner of 11 properties in the city, including Hell's Kitchen's Metropolitan wood and hardware and strip the joint…
‘I just woke up and cried’: Voyager and Celsius bankruptcies destroyed some crypto…
Yotsy Ruiz recently purchased his very first crypto hardware wallet – a Nano X from Ledger. He transfers all his crypto holdings that he can still move to the small physical device which looks like a thumb drive, and a far cry from large…
KymiRing Project Collapses With Bankruptcy, Major Series Releases
The KymiRing was intended to be the first circuit in Finland capable of hosting a diverse range of international championships MotoGP in motocross and rallycross. However, the dream seems to be crumbling with every new development since…
Suspect ‘held grudge’ against Shinzo Abe over mother’s bankruptcy: The Tribune…
Nara, July 9
The man who killed Shinzo Abe believed the former Japanese leader was linked to a religious group he blamed for his mother's financial ruin and spent months planning the attack…
Mark Cuban Caught in Crypto Lender Voyager Bankruptcy
Mark Cuban is in trouble. The billionaire entrepreneur has been facing a torrent of criticism for several days related to a partnership with a cryptography firm. Indeed, Cuban, an evangelist of the crypto industry in which he has invested,!-->…
Bankruptcy judge considers independent assessment of J&J cancer claims
A bottle of Johnson and Johnson Baby Powder is seen in a photo taken in New York, February 24, 2016. REUTERS/Shannon StapletonJoin now for FREE unlimited access to Reuters.comRegisterJudge weighs options to restart stalled settlement talks…
Crypto Hedge Fund Three Arrows Capital Files For Bankruptcy
The bankruptcy filing came three days after Three Arrows went into liquidation in the British Virgin Islands.
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Tom Cruise helped Ray-Ban out of bankruptcy by increasing sales from just 200,000 pairs/year to 4.5…
Did you know? Tom Cruise is credited with saving the Ray-Ban brand – Here's how and why (Photo credit – Facebook)
Tom Cruise is one of the best actors in Hollywood. The star who began his acting career in Hollywood with…
DOJ bankruptcy watchdog sides with cancer plaintiffs in J&J talc appeal
A bottle of Johnson and Johnson Baby Powder is seen in a photo illustration taken in New York, February 24, 2016. REUTERS/Mike Segar/IllustrationJoin now for FREE unlimited access to Reuters.comRegisterDOJ urges 3rd Circuit to dismiss…
Aeromexico shareholders support exit from Mexican stock exchange as part of bankruptcy restructuring
MEXICO CITY, June 28 (Reuters) - Aeromexico said on Tuesday a majority of its shareholders had approved a proposed exit from Mexico's main stock exchange as part of the airline's bankruptcy restructuring.Shareholders on Monday approved a…
Analysis: Meme stock investors are betting bankrupt Revlon will be the next Hertz
Revlon signage is displayed at a Boots store in London, Britain June 16, 2022. REUTERS/Hannah McKay/File PhotoJoin now for FREE unlimited access to Reuters.comRegisterJune 27 (Reuters) - Even for a veteran securities trader like Mike…
St. Croix Energy Statement Calls Integrity of Limetree Bankruptcy Auction into Question
The Limetree Bay refinery stretches along the southern shore of St. Croix in this aerial view. (Source photo by Linda Morland)
With the release of a statement earlier this week by West Indies Petroleum Limited (WIPL) that it "is not a…
San Antonio Symphony will file for bankruptcy and disappear
The San Antonio Symphony announced last Thursday that it was filing for Chapter 7 bankruptcy, following a strike by its musicians that has lasted nearly nine months since Sept. 27 of last year. Orchestra members and staff fought back…
Here are 5 common myths about bankruptcy
Although counterintuitive to many people, bankruptcy filings have fallen sharply since the start of the pandemic in 2020. Filings have been expected to rebound for some time. With mounting pressure from expired pandemic relief…
Revlon Files for Chapter 11 Bankruptcy Protection
Placeholder while loading article actionsRevlon has filed for bankruptcy protection as the cosmetics giant tries to get out of its heavy debt load amid soaring prices and supply chain disruptions.The company said in a press release that it…
Judge approves $10m funding for Edgemere, backtracks on owner
Edgemere, the luxury Dallas retirement home that filed for bankruptcy in mid-April, will be allowed to raise $10.1 million in funding to see it through to the end of the year as it is reorganizing under the supervision of a court.U.S.…
Electric vehicle manufacturer Electric Last Mile Solutions files for bankruptcy
U.S. commercial electric vehicle maker Electric Last Mile Solutions (ELMS) showcases its all-electric city utility van and commercial truck in Troy, Michigan, U.S., November 19, 2021. REUTERS/Rebecca CookJoin now for FREE unlimited access…
Chemical maker TPC Group files pre-arranged balance sheet
(Reuters) - Texas petrochemical producer TPC Group has filed for bankruptcy with a plan to cede control to its lenders, after battling costs and lawsuits following a fire in 2019.
The Houston-based company has filed for…
FERC urges the 5th Circ. To let the bankruptcy contract order stand
By Katie Buehler (June 9, 2022, 7:14 p.m. EDT) — The Federal Energy Regulatory Commission told the Fifth Circuit Thursday that while the court recently ruled the agency has a limited role in Chapter 11 reorganizations, the panel…
Bankruptcy: authority for the constitutional right of a federal agency? (Jarkesy v. SEC)
There is a new opinion from the US Circuit Court on a person's right to a jury trial, when sued by the Securities and Exchange Commission before one of its administrative judges.
And guess what:
the legal authority most cited in this…
Local News Roundup: Fiscal Season Continues; $275 million proposal for Spectrum Center;…
The Charlotte City Council passed its $3.24 billion budget for next year, which means there will be no tax increases for residents, while increasing wages for employees from the city.The City of…
Rock Hill SC seeks reimbursement after Carolina Panthers bankruptcy
ROCK HILL, South Carolina York County officials sent a clear message after GT Real Estate Holdings, LLC announced Wednesday that it had filed for bankruptcy. Carolina Panthers owner David Tepper specifically formed GT Real Estate…
Fake bankruptcy, playing with turtles, hitting bones and sucking marrow, and drinking poison to…
When things go wrong, there must be demons. "Master Guo", who has always sworn to lead all his "comrades in arms" to make fortunes and achieve financial freedom, poured cold water on ant-obsessed fans by declaring bankruptcy, and also…
Fuel price hike was necessary to avoid bankruptcy, says Pak PM Shehbaz
Pakistani Prime Minister Shehbaz Sharif said on Friday that his government's decision to raise fuel prices was necessary to prevent the country from facing bankruptcy.
…
Panama City bankruptcy attorneys discuss efforts to reduce impact of medical debt on credit scores
Panama City, Florida. — Lewis and Jurnovoy, bankruptcy lawyers in panama, follow news about debt relief and bankruptcies to keep their community informed. Accordingly, they highlight recent initiatives taken by President Biden to…
Rochester Diocese Proposes Settlement of Bankruptcy Case; sexual abuse survivors push back
Lawyers for people who say they were victims of child sexual abuse by clergy in the Catholic Diocese of Rochester are unhappy with the diocese's attempt to settle those claims in U.S. bankruptcy…
Diocese of Rochester offers $148 million settlement as cases head to court
Diocese of Rochester bankruptcy: Whistleblower and lawyers say diocese has ability to payBuffalo Diocese whistleblower Siobhan O'Connor says survivors' resilience comes at a cost to the church. She spoke outside the office of the Diocese…
Governor DeSantis vetoes bill increasing motor vehicle bankruptcy exemption
Govt. Ron DeSantis vetoed legislation that would increase the maximum value of a motor vehicle that could be exempt from bankruptcy cases from $1,000 to $5,000.
The measure (CS/HB 265), sponsored by the House Civil Justice & Property…
How Chapter 13 Bankruptcy Works in Indiana
You may be considering filing for bankruptcy in Indiana due to unexpected difficulties. You are not alone in contemplating bankruptcy.
Additionally, the purpose of this article is to show you the main aspects of Chapter 13…
Google’s Russian subsidiary files for bankruptcy, citing asset seizure
Placeholder while loading article actionsThe Moscow-based Google subsidiary plans to file for bankruptcy, a company spokesperson said Wednesday, as Russia's seizure of its assets has rendered basic business operations - including paying its…
$21 million settlement pending in LeClairRyan-UnitedLex dispute
LeClairRyan's padlocked former office in Richmond. (BizSense file)
After a protracted mediation process, LeClairRyan's estate appears to have reached a significant settlement in one of the most high-profile disputes in the case.
The…
Bankruptcy Discharge Violations | law of the free man
The recent case of In re Micah Cade McKinneyCase No. 21-50046-rlj-11 (Bankr. ND Tex., April 28, 2022) outlines violations of the bankruptcy injunction.
Contempt litigation in bankruptcy is sometimes driven by intentional and deliberate…
Nonprofit bankruptcy advice is protected speech, court told
By Emily Lever (May 12, 2022, 4:24 p.m. EDT) – A legal technology nonprofit told a federal judge in New York on Thursday that its plan to offer counseling to low-income debtors in court in the bankruptcy must be allowed to proceed,…
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…