Amid frustration over slow payments to fire victims and a lack of information, backlash is mounting against the federal judge who led two PG&E bankruptcies. SACRAMENTO, Calif. — As frustration mounts over late payments and a lack of transparency for tens of thousands of wildfire victims, a formal motion filed Thursday seeks to have the […]

More than two years after filing for Chapter 11 bankruptcy protection in the face of growing lawsuits related to child sexual abuse, the Archdiocese of New Orleans begins to raise funds by selling some of its vast real estate. Lawyers for the local Roman Catholic Church will ask a judge this week to allow two […]

There are fears that more Canadians are reaching their financial breaking point as bankruptcies across the country have increased dramatically. The latest bankruptcy and insolvency data released by the Office of the Superintendent of Bankruptcy Canada (OSB) revealed that consumer insolvency filings in Canada increased by 22.5% in the third quarter of this year compared […]

(THE CONVERSATION) The last power ball jackpot inflated to US$1.5 billion on November 2, 2022 – just below the record amount – after another draw passed without a winning ticket. The next draw will take place on November 5. The prize is now the third biggest lottery the world has ever seen, behind a $1.6 […]

Generac Holdings (GNRC -7.84%), which makes emergency power generators and other energy technology solutions, closed Wednesday’s trading session down 7.8% after posting a weak third-quarter report. Much of this drop was likely due to market momentum, as the broader market was down as well. The higher and lower results for the quarter and the company’s […]

In this article, Daniel Etlinger dives deeper into the subject of bankruptcy, dispelling common myths and explaining how businesses and their owners can use bankruptcy to improve themselves. In your experiences helping businesses, what do they often misunderstand about bankruptcy? Bankruptcy is often seen as a failure or a measure of last resort, when in […]

Aiden Pleterski, the self-proclaimed “Crypto King,” refused to surrender his diamond-set Rolex, Audi, and cellphone to a bankruptcy trustee. According CTV News Torontothe bankruptcy trustee noted that Pleterski owed more than $25 million to 119 investors. Rob Stelzer, Pleterski’s bankruptcy attorney and senior vice-president of Grant Thornton Ltd, told CTV News Toronto that he “has […]

The case went wrong The appellant in this case was Mr. Guy Kwok-Hung Lam, a Hong Kong resident who founded two groups of companies in the elderly care industry, CP China operating in mainland China and CP US in the United States by through various cross-shareholdings involving a Cayman Group company incorporated in the islands, […]

On July 1, 2022, the plan administrator of Thai Airways International Public Company Limited submitted the Business Reorganization Plan Amendment Application (the “Plan”) to the Official Receiver. On July 1, 2022, the Official Receiver convened the meeting of creditors electronically (e-Meeting). The creditors, with the sum total of their debt amount equal to 78.59% of […]

VAUGHAN, ON, October 19, 2022 /PRNewswire/ – CannTrust Holdings Inc. (the “Company” or “CTH”), a minority investor in Phoena Holdings Inc. (“Phoena”, formerly CannTrust Equity Inc.) announced today that it has made a proposed division I in accordance with the Bankruptcy and Insolvency Law (Canada) (The Proposal”). Phoena’s operations are not affected by the restructuring […]

As a Connecticut jury on Wednesday announced damages totaling nearly $1 billion against conspiracy theory propagator Alex Jones, the far-right personality proclaimed his poverty. “It’s not gonna happen, no money,” Jones claimed on his livestream. Of course, few believe it. A specialist testified in an earlier lawsuit, Jones and his companies were worth between $130 […]

Saturday, October 15, 2022 The intersection between the Medicare and Medicaid regulatory regimes on the one hand and bankruptcy proceedings on the other continues to be an interesting, often highly contested, source of bankruptcy litigation. In an article in 2016, The health insurance provider’s agreement: is it a contract or not? And why does anyone […]

(Bloomberg) – Creditors of Voyager Digital Ltd. are challenging plans to provide directors and officers of the crypto lender immunity from lawsuits related to its descent into bankruptcy. Bloomberg’s Most Read The company’s pending sale to crypto exchange giant FTX appears to be conditioned on Voyager’s top executives receiving “broad releases” from lawsuits, shielding those […]

GIBSON CO., Ind. (WFIE) – After closing in September, Pink Energy filed for bankruptcy on October 7. We told you about a Gibson County woman who had trouble with Pink Energy before it closed. Today we spoke again with the wife, Pam Negron, to hear her thoughts on the ongoing bankruptcy. She says filing for […]

by Rowing Photos We’ve been conditioned to believe that any movie that’s been on the shelf for years isn’t going to be very good, and while that’s an entirely accurate assumption in many cases a forgotten thriller Kidnap was placed on the ice for reasons beyond his control. Director Luis Prieto’s wacky chase movie was […]

Celsius Network founder Alex Mashinsky withdrew $10 million from the crypto lender just weeks before the company froze customer accounts as it headed for bankruptcy, according to people familiar with the matter. The crypto withdrawals by Mashinsky in May this year came as clients withdrew their assets from the company in large numbers, spooked by […]

A federal bankruptcy judge on Wednesday extended for the fifth time the deadline for the Diocese of Norwich to submit its bankruptcy plan. The previous deadline was due to expire on Thursday. But two weeks ago, lawyers for the Catholic diocese filed a motion to extend the deadline until January 13, 2023. On Wednesday, Judge […]

“There has been no comprehensive review in 34 years of Australia’s insolvency structures. The historic moment is now, especially as Australia sees a rise in insolvencies as pandemic-era protections wane and businesses grapple with inflation and supply chain issues,” said the Labor senator. More than 700 companies entered external administration in July, according to ASIC […]

Bankruptcy can be used to eliminate student loans. The bankruptcy court will decide if you meet the rigorous criteria that courts generally adopt to assess whether your student loans are eligible for discharge. However, that doesn’t mean you have to give up. You must demonstrate that loan repayment places you and your dependents under “undue […]

Seven state attorneys general and a court-appointed federal bankruptcy watchdog oppose up to $94 million in pre-bankruptcy bonuses paid to senior executives and other insiders at the opioid drug company Endo International in Chester County, according to court documents. Bonuses to top executives were distributed ‘secretly’ and drain financial resources from Endo losing money available […]

The failed attempt to build the Carolina Panthers football franchise into a new headquarters in York County, South Carolina has resulted in a thorny legal battle over who is to blame. Construction of the planned $800 million mixed-use facility in Rock Hill, to include state-of-the-art training facilities, offices, millions in utility investments and open green […]

Scott Olson/Getty ImagesNews REP properties (NYSE: EPR) the story of investing since the start of the pandemic has been heavily punctuated by fear, uncertainty and doubt. Fear of what was then thought to be a permanent abandonment of cinema. Uncertainty about whether post-pandemic entertainment patterns would last forever prefer the remote control. Doubt that the […]

Speaking of getting rid of student loans (which was discussed in this spot last week regarding government loan waivers), can bankruptcy be used to erase student loan debt? Yeah, but it’s harder than a barrel of nails to do it. The Bankruptcy Code, which is exclusively legislated by the U.S. Congress, states that government-backed student […]

Colorado bankruptcies fell 5.7% in August from the same period a year ago, although Larimer and Weld counties saw increases. Boulder County bankruptcy filings declined, with a slight increase in Broomfield. That’s according to a BizWest analysis of US bankruptcy court data. The figures quoted include all new filings, including cases opened, closed and dismissed. […]

Happy Joe’s Pizza has filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of Delaware. Dynamic Restaurant Acquisition, Inc., doing business as Happy Joe’s Pizza, of 5239 Grand Ave., Davenport, filed the petition on September 2. Thomas A. Sacco, president and CEO of the company, signed the petition. The […]

SAN FRANCISCO (KGO) — For some couples, their wedding day is one of the most important days of their lives. Now, some couples in different parts of the country, including here in the Bay Area, are saying the company they hired for their wedding day video didn’t deliver as promised. Some videographers under contract with […]

Secretary of State Antony Blinken sent an underling named Barbara Leaf to the Middle East do something. We don’t know what. But the dispatches say she had two messages: one for Israel and another for the PA. The latter is so angry against the Americans and the Israelis, that the octogenarian PA Pres. Mahmoud Abbas […]

NNA | Updated: September 10, 2022 1:12 p.m. STI Brussels [Belgium]Sep 10 (ANI): China’s debt-trap policy has hit Sri Lanka’s economy as Colombo was declared bankrupt due to Beijing’s Belt and Road Initiative projects in the country. South Asia, according to experts.China’s debt-trap diplomacy has individually affected the basic and human rights of several South […]

Local homebuilder William Romm III faces a maximum of 20 years in prison for a single count of mail fraud. (Photos BizSense file and courtesy of LinkedIn) It turns out that it is not acceptable to secretly buy a boat during its bankruptcy proceedings. That’s part of what got local homebuilder William Romm III into […]

Harlin DeWayne “Cooter” Hale grew up in St. Joseph, a frontier town in eastern Louisiana. The population was then about 2,000. One day in third grade, Hale missed school because he was sick. In the afternoon, he felt better and his father, a cotton farmer, offered to take him to attend a criminal trial at […]

Just over a week after President Joe Biden unveiled a plan to forgive $10,000 in federal student loan debt for most borrowers and reform the income-based repayment program, his administration has was reprimanded Thursday for her continued efforts to deny bankruptcy relief to some of the nation’s most desperate student debtors. “Those who continue to […]

August 31, 2022 Mayer Brown To print this article, all you need to do is be registered or log in to Mondaq.com. Judge David Jones of the Southern District of New York denied a request to create a formal committee of shareholders in Revlon’s Chapter 11 proceedings, as reported Reuters. The debtor’s attorney […]

After buying TRX out of bankruptcy, its founder Randy Hetrick is back at the helm. For context: Founded in 2014, TRX is known for its suspension training straps, sold in over 30 countries and certifying 300,000 trainers based on its patented equipment. In 2018, TRX was acquired through private equity, and in 2020 – the […]

According to a Washington Post report, the prospects for survival of Donald Trump’s Truth Social are increasingly bleak, with the company that planned to take the social media platform public now suggesting that probable bankruptcy looms on the horizon. As the report points out, Truth Social has failed to pay web hosting fees to the […]

A former Denver Broncos fourth-string quarterback has filed for bankruptcy on an 18,000-square-foot home in Cherry Hills Village that has 10 bathrooms. But the bank to which he owes $5.4 million wants the Chapter 11 case thrown out. He claims he only filed for bankruptcy on August 16 only to end the foreclosure sale of […]

(Credit: PM Images/Getty Images) Bankruptcy filings in the healthcare sector have risen 25% this year overall, with the aged care sector – including senior living and skilled nursing – leading the way, results show. of an investigation new investigation by healthcare restructuring consultancy Gibbins Advisors. And this trend is expected to continue into 2023, due […]

Symphony Limited’s heritage dates back to 1988 when having an air cooler at home was considered a luxury in India. Over the years, Symphony founder Achal Bakeri (62) has kept his cool despite the many headwinds facing the company – from starting up in a nascent market, multiple product failures, bankruptcy to increased competition and […]

The company has between $1 million and $10 million in liabilities and less than $50,000 in assets, according to the filing. “The global COVID-19 pandemic has had a lasting impact on Debtor’s operations,” according to a motion filed by Scott Kwiatkowski, an attorney representing Cammand. “…Due to the inability to manage a second shift and […]

Grace Tame has slammed a wealthy pedophile after he declared bankruptcy and avoided paying court-ordered compensation to his victim. Ms Tame targeted Tasmanian man John Wayne Millwood, 76, after it was revealed he had yet to pay his victim, known as ZAB, around $6 million in damages and interests. Millwood abused ZAB for six years […]

By Keturah Brown and Emily Mallen (August 11, 2022, 3:50 p.m. EDT) — In July, the United States Court of Appeals for the Fifth Circuit released its decision in Gulfport Energy Corp. vs. Federal Energy Regulatory Commission. Gulfport is the result of one of many FERC proceedings initiated in the early months of the COVID-19 […]

Written by Abraham Galvan on August 9, 2022 Advertising Unlike the rest of the United States, Miami’s business economy remains strong as bankruptcy filings tend to decline. Most midsize businesses are staying due to stimulus checks, moratoriums, PPP loans and other government programs where loans are meant to be forgiven, which is essentially free money […]

BRIDGEPORT — A judge has given federal attorneys more time to review the finances of a former president of the Milford strip club who filed for bankruptcy after losing a $113,560 judgment to exotic dancers there. were working. U.S. bankruptcy judge Julie Manning ordered the case of Fairfield resident Joseph Regensburger, the former president of […]

Press release PRESS RELEASE. Vancouver, Canada – AUGUST 4, 2022 – ByteXa Canada-based CeDeFi platform, acquires 1 million crypto users from GokuMarket, an insolvent European centralized exchange. After the crypto market crash, GokuMarket was left with the harsh realities of insolvency and ultimate bankruptcy. ByteX reached out by providing an alternative solution that would ultimately […]

An 81-year-old family-run regional housewares chain filed for bankruptcy last month. On July 11, Altmeyer Home Stores voluntarily filed for Chapter 7 bankruptcy to wind down the company’s operations. The Delmont, Pa.-based bed and bath retailer listed $2.0 million in assets with liabilities of $791,791.50. The petition filed in a bankruptcy court for the Western […]

Barcelona president Joan Laporta gave an extensive interview to US media over the weekend, and one of the topics discussed was the state of the club’s finances. It was widely publicized how bad things got for Barca regarding their debt, and Laporta had to take drastic measures such as selling 25% of the club. the […]

AUSTIN, Texas — Conspiracy theorist Alex Jones’ media company, Free Speech Systems, filed for bankruptcy on Friday, but its attorney said it should not interfere with the ongoing Texas libel damages lawsuit that seeks to force Jones to pay $150 million or more to the family of one of the children killed in the 2012 […]

Representations of cryptocurrencies in this illustration taken January 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Join now for FREE unlimited access to Reuters.com Register July 29 (Reuters) – Southeast Asia-focused cryptocurrency exchange Zipmex said it had filed for bankruptcy protection in Singapore, becoming the latest victim of the global slowdown in trading. digital currencies. Singapore-based Zipmex resumed […]

After more than one year of negotiationsEasterday’s bankruptcy settlement is nearing completion for dozens of companies that owed money. In a recent hearing, attorneys and Yakima Federal Bankruptcy Court Judge Whitman Holt discussed the latest proposal for a claims schedule for 65 companies with claims ranging from $300 million to $4 million. All in all […]

Bankruptcy? What is bankruptcy? That’s what came to mind when my parents sat me down at 17 and told me they had just filed for bankruptcy because my dad’s medical bills were too much to handle. “But, you both have jobs. You both have health insurance. How could this happen?” As a teenager, I was […]

Enthusiasts will see Mubong dig his personal grave in The God of Prime College Bankruptcy 551. Bankruptcy was amid the short wait. I learned what the world looks like in this story. She knows how to control others with an equal sense of humor. Apart from that, it looks like the facts will come out […]

Revlon products are on sale in a store in New York, June 29, 2022. REUTERS / Andrew Kelly Join now for FREE unlimited access to Reuters.com Register Summary Law firms Related documents Unsecured creditors oppose bankruptcy financing terms Creditors say a coalition of lenders claims too much control over bankruptcy Revlon’s true value cannot be […]

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 tort plaintiffs and other creditors; and help keep an otherwise valuable business alive for everyone who benefits from its existence, including employees […]

Plus: Stripe reduces internal rating by 28%. Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the world. If you want to read F|T before everyone else, be sure to sign up using the form at the bottom of this page. The financial rate comparison platform Ratehub receives […]

A month later suddenly suspend withdrawals on its platform, Celsius Network announced on Wednesday that it had filed for bankruptcy in New York. According to a filing with the United States Bankruptcy Court for the Southern District of New York, the Hoboken-based crypto firm listed assets and liabilities between $1 billion and $10 billion, with […]

US corporate bankruptcy attorneys may suddenly have to cancel their summer vacations. They can’t object because most of them have been vacant for at least two years. Although equity markets have been declining throughout the year, financial conditions have only recently tightened markedly. The result is that several companies facing a cash flow or supply […]

NARA, Japan, July 9 (Reuters) – 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 with a homemade weapon, police told local media. Saturday. Tetsuya Yamagami, a 41-year-old jobless man, identified as the suspected […]

Armstrong Flooring Inc. told a Delaware bankruptcy judge this afternoon that it had postponed its sale hearing until July 12. The company did not explain why it postponed the sale hearing, but Judge Mary Walrath said the request was made so that the details of a proposed sale “can be finalized”. No sale can be […]

Congress made some minor but significant changes to the Bankruptcy Code by enacting the Bankruptcy Threshold Adjustment and Technical Corrections Act (the “Act”) on June 21, 2022. The most significant of these are the increase in debtor debt limits. under Chapter 13 and under the Small Business Reorganization Act (the “SBRA”) – increases that will […]

Struggling crypto hedge fund Three Arrows Capital has filed for bankruptcy in the US, making it the latest crypto investment firm to crash in this year’s digital asset sale. The liquidity crisis in the crypto ecosystem stems from the dismal performance of cryptocurrencies in 2022, which saw the leading token bitcoins fell more than 70% […]

This week in parts. Illustration by Mitchell Preffer for Decrypt 30% gains from Bitcoin and Ethereum Last week were short-lived as both market leaders depreciated by more than 10% over the past week, with Bitcoin falling below the key $20,000 support level. The world’s favorite cryptocurrency, at the time of this writing, was only trading […]

The Roman Catholic Diocese of Albany on Thursday proposed a plan to avoid litigation and bankruptcy and ensure fair and full compensation for survivors of child sexual abuse under the Child Victims Act. The proposal ‘secures the bulk of these limited funds for all, not just a few, of the survivors who have filed claims […]

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 plan to deregister the shares and delist them on the stock exchange in order to launch a buyback […]

Revlon signage is displayed at a Boots store in London, Britain June 16, 2022. REUTERS/Hannah McKay/File Photo Join now for FREE unlimited access to Reuters.com Register June 27 (Reuters) – Even for a veteran securities trader like Mike Minutelli, Revlon Inc (REV.N) is a wild bet. The 30-year-old plumber from Oxford, North Carolina, made a […]

Investment bank Goldman Sachs is raising $2 billion to buy the assets of troubled crypto lender Celsius as it prepares for possible bankruptcy, according to Fortune. Goldman Sachs investors will be able to acquire Celsius’s assets at significant discounts, even if Celsius does not declare bankruptcy. Meanwhile, Celsius has hired additional restructuring lawyers from consultancy […]

A castle that was at the center of a 25-year battle over a £230 debt has gone on the market for over £1.25million. The former owner of Knockderry Castle, Marian van Overwaele, 72, has been forced into bankruptcy after repeatedly refusing to pay a bill relating to a bridal wear business she ran in 1997. […]

It may come as a surprise that, despite the pandemic, bankruptcy filings have fallen significantly over the past year: In March 2022, annual bankruptcy filings were 395,373, down from 473,349 the previous year, according to recently published statistics by the US Courts Administrative Office. It’s a 16.5% lessen. Government assistance programs and a historic rise […]

June 17 (Reuters) – Alphabet’s (GOOGL.O) Russian subsidiary Google has filed for bankruptcy, Interfax reported on Friday, citing online court documents. The subsidiary announced plans to file for bankruptcy in May after authorities seized its bank account, making it impossible to pay staff and suppliers. Read more “The seizure by Russian authorities of Google Russia’s […]

The chairman of Turkey’s opposition DEVA party, Ali Babacan, said on Wednesday that the country was on the verge of total bankruptcy, according to the T24 news site. reported. Babacan criticized the government for its handling of the economy during a weekly meeting held at his party headquarters in Ankara. “Today I want to say […]

The fight to clinch the Indian Premier League media rights for the next five years has been no less intense than the games themselves. And the money put on the auction table made the IPL the number two sports league in the world, with only the American National Football League ahead of it […]