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Judge asks if feds considering ‘other form of action’ in bankruptcy investigation of former Milford strip club owner

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 […]

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Bytex Steps In To Save GokuMarket From Bankruptcy – Bitcoin Planet Press Release

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 […]

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Bankruptcy and liquidation mark the end of an era for Altmeyer Home stores – Sourcing Journal

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 […]

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Joan Laporta explains how Barcelona went ‘from bankruptcy to positive equity’

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 […]

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Alex Jones’ media company files for bankruptcy in libel damages lawsuit

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 […]

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Crypto platform Zipmex files for bankruptcy protection in Singapore

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 […]

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The Easter bankruptcy divides millions into dozens. What some expect to be paid

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 […]

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How Benefits Advisors Can Help Employees Avoid Medical Debt and Bankruptcy | EBA

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 […]

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The blow of a bankruptcy of the first college 551: Ultimate defeat of Mubong! Free update date!

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 […]

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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 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 […]

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

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F|T: The FinTech Times – A Bankrupt Fund

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 […]

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Hoboken-based Celsius files for bankruptcy

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 […]

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Financial engineering will be tried in bankruptcy courts

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 […]

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Shinzo Abe’s killer brandished a homemade weapon and resented his mother’s bankruptcy

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 […]

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Armstrong Flooring Bankruptcy Court Hearing Postponed to July 12 So Sale “Can Be Completed” | Local company

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 […]

Coldfusion blog

GOING GREEN FAST: International conference showcases new fusion technology to solve climate change NOW | by Dick Samson, director of the EraNova Institute | Jul 2022

On the heels of billion-dollar investments in a hot fusion future, a cold fusion shortcut has emerged, say scientists and developers Image of a sunny future thanks to a “fusion punch” from Brillouin Energy. Latest World-Changing Power Insights to Be Released at ICCF-24 Solid State Power Summit, which is the 24th International Conference on Cold […]

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Adoption of the Bankruptcy Threshold Adjustment and Technical Corrections Act | Miller Canfield

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 […]

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Crypto hedge fund Three Arrows Capital has filed for bankruptcy. Here is the latest information on companies affected by the liquidity crisis.

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% […]

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This Week in Pieces: Bitcoin and Ethereum Erase Gains, 3AC Files for Bankruptcy

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 […]

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Faced with bankruptcy, the diocese proposes a settlement plan | Greene County

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 […]

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

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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 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 […]

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Here’s How Celsius’ Bankruptcy Filing Will Benefit Goldman Sachs

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 […]

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Scottish castle at center of £230+ bankruptcy battle is up for sale for £1.25m

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. […]

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Bankruptcies have fallen, but economic pressures could send more small businesses looking for cover

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 […]

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Google’s Russian subsidiary files for bankruptcy, Interfax reports

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 […]

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Turkey on the brink of total bankruptcy – ex-economy minister Babacan

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 […]

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TMS Ep193: IPL Media Rights, Bankruptcy Code, Markets, Weather and Economics

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 […]

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Alex Jones’ plan to avoid paying Sandy Hook families? Trying to twist bankruptcy laws | Genetic marks

Alex Jones is unquestionably a controversial figure. Its Infowars media platform has been accused to spread conspiracy theories that suggest the Sandy Hook Massacre was a staged event to ruminate that chemicals in our water supply were making frogs gay. For a while — and even now — his business garnered millions of followers and […]

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UK English Defense League co-founder gambles and declares bankruptcy

Posted on: June 10, 2022, 05:25h. Last update: June 10, 2022, 09:10 a.m. Last year a British court ordered Tommy Robinson, the co-founder of the far-right Islamophobic group English Defense League (EDL), to pay £500,000 (US$624,300) to settle a libel suit. He did not comply, but had no problem spending money on gambling before declaring […]

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Grassley-led bankruptcy bill set to become law

WASHINGTON- Bipartisan legislation led by Senators Chuck Grassley (R-Iowa), Sheldon Whitehouse (DR.I.), Dick Durbin (D-Ill.) and John Cornyn (R-Texas) to help small businesses and individuals stay afloat while bankruptcy is set to become law after clearing the House of Representatives on a 392-21 vote last night. The Bankruptcy Threshold Adjustment and Technical Corrections Act (S.3823) […]

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Delaware Court of Chancery intensifies review of ABC liquidation

CONTEXT Delaware has seen a significant increase in the number of assignment for the benefit of creditors (ABC) filings. Through recent decisions, the Court of Chancery has sent a strong message that it expects parties seeking this alternative to bankruptcy to do a better job of justifying the relief they seek. This will require much […]

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From the brink of bankruptcy to Serie A victory

Ahmed Fahim Shihab | Published: June 05, 2022 12:18:44 22 May 2022. Fans storm the Piazza del Duomo as AC Milan have just won their first Scudetto since 2011. But how did the Rossoneri fall into the pit and how did the 18-time Serie A champion he reappeared from the vicinity of bankruptcy? The fall […]

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Attention GWG L Bond Investors: KlaymanToskes continues to

NEW YORK, June 03, 2022 (GLOBE NEWSWIRE) — National investment fraud attorney KlaymanToskes continues to investigate and prosecute FINRA arbitration claims on behalf of GWG Holdings L Bond investors in light of GWG’s ongoing Chapter 11 bankruptcy and recent notification to the SEC of its failure to file its quarterly report on time. According to […]

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Review the basics of bankruptcy: leases

Related practices and jurisdictions Bankruptcy Basics for New and Non-Bankruptcy Lawyers A critical element of Chapter 11 bankruptcy cases is the debtor’s ability to assume or reject certain enforceable contracts, including leases of non-residential real estate. Under Section 365 of the Bankruptcy Code, a Chapter 11 debtor has 120 days (currently 210 days under a […]

Coldfusion blog

EnemyBot malware adds corporate flaws to exploit arsenal • The Register

The EnemyBot malware botnet has added exploits to its arsenal, allowing it to infect and spread from enterprise-grade equipment. Worse still, EnemyBot’s main source code, minus its exploits, can be found on GitHub, so any malefactor can use the malware to start creating their own outbreaks of this nasty piece of software. The group behind […]

Coldfusion blog

Ankura CTIX FLASH Update – May 31, 2022

Ransomware/malware activity The Enemybot botnet has been observed exploiting critical vulnerabilities to expand its potential targets “Enemybot”, an Internet of Things (IoT) botnet, has been observed expanding its potential target reach by exploiting critical vulnerabilities that allow it to spread to new types of devices. AT&T Alien Labs researchers clarified that the malware now targets […]

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Beloved father killed himself after receiving letter about bankruptcy proceedings before HMRC cleared him of responsibility

An electrician who feared losing his family home in bankruptcy proceedings has been found dead by his daughter after taking her own life. Edward Evans of Fleetwood, who was also working as an apprentice electrical tutor, had been told that a cavity wall insulation company was planning to ask for him to be declared bankrupt […]

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Bankruptcy – What are the rights of employers?

SPONSORED CONTENT Bankruptcy is a legal procedure that allows individuals or businesses to free themselves from their debts and offer creditors the possibility of repayment. Rights of an employee when the employer/company faces bankruptcy In cases where business owners run out of funds and have filed for bankruptcy, employers may face the loss of their […]

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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 minimize the influence of medical debt on credit scores. Medical debt is the number one cause of personal bankruptcy in the United […]

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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 court. Attorney Jeff Anderson, who is one of the attorneys representing 175 of the plaintiffs in the lawsuits, said the diocese is […]

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Diocese of Rochester offers $148 million settlement as cases head to court

Diocese of Rochester bankruptcy: Whistleblower and lawyers say diocese has ability to pay Buffalo Diocese whistleblower Siobhan O’Connor says survivors’ resilience comes at a cost to the church. She spoke outside the office of the Diocese of Rochester. Tina MacIntyre-Yee, @tyee23 The Diocese of Rochester has offered to settle its federal bankruptcy case by paying […]

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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 Rights Subcommittee and Democratic Rep. Mike Gottlieberased both the House and Senate rooms unanimously. The legislation would […]

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The Day – Spicer Mansion owner files for bankruptcy

Brian Gates, the owner of Spicer Mansion, the Mystic boutique hotel which is the subject of ongoing foreclosure proceedings, filed for Chapter 11 bankruptcy on Friday, preventing Saturday’s planned foreclosure sales of four more properties he owns, including his residence in Stonington. Gates’ notice of bankruptcy petition was filed in New London Superior Court by […]

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2nd Circle Rules Bankruptcy Court May Award Attorney Fees

By Clarice Silber (May 18, 2022, 4:43 p.m. EDT) — A Second Circuit panel overturned a district court’s ruling and referred a Chapter 7 complaint to the bankruptcy court, finding that a bankruptcy judge has the power to award damages and attorneys’ fees. The three-judge panel said that because bankruptcy judges have the power to […]

Coldfusion blog

Monero-mining botnet targets Windows and Linux web servers • The Register

The latest variant of the Sysrv botnet malware threatens Windows and Linux systems with an extensive list of vulnerabilities to exploit, according to Microsoft. The strain, which Microsoft’s security intelligence team calls Sysrv-K, scans the Internet for web servers with security vulnerabilities, such as path traversal, remote file disclosure, and download bugs. arbitrary files, which […]

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Colorado bankruptcies drop 40% in April – Loveland Reporter-Herald

Colorado bankruptcy filings fell 40% in April from the same period a year ago, continuing a downward trend seen throughout 2021 and so far in 2022. Deposits also fell in Larimer, Weld, Boulder and Broomfield counties from the prior year period. That’s according to a BizWest analysis of US bankruptcy court data. The figures quoted […]

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A metals company has handed over a £586million support package to the Scottish government in the face of court bankruptcy battle

A metals company that received a £586million Scottish government support package to buy a Highland smelter is facing a legal battle against bankruptcy. Taxpayers could suffer crippling losses if businessman Sanjeev Gupta’s GFG alliance goes bankrupt following the controversial deal signed by SNP ministers. The company, which received massive state backing to buy metal and […]

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SCOTUS to Review Expenses Clause, Overtime and Bankruptcy Fraud

On May 2, the United States Supreme Court added three more cases to its docket for the next term. The first raises the question of whether expense clause legislation can ever confer a privately enforceable “right” under section 1983. The second relates to when an employee is “highly paid” and is not therefore not subject […]

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Businessmen call for all efforts to avoid bankruptcy

KARACHI: The business community on Wednesday urged the government and the opposition to end their standoff and focus on the economy to avoid bankruptcy as foreign exchange reserves were insufficient to meet import bills from three months. Expressing their deep concern over the tense political situation in the country as well as the deteriorating economic […]

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Microsoft closes Windows LSA hole under active attack • The Register

Microsoft has fixed 74 security flaws in its batch of May Patch Tuesday updates. This represents seven critical bugs, 66 rated important and one rated low severity. According to Redmond, at least one of the disclosed vulnerabilities is under active attack with public exploit code, while two others are listed as having public exploit code. […]

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Robert Brom dies at 83; The Catholic bishop of San Diego oversaw the bankruptcy of the diocese

Bishop Robert Brom led the Diocese of San Diego from 1990 to 2013. Image via dicoese Roman Catholics are in mourning Bishop Robert Brom, San Diego’s spiritual leader for nearly a quarter century who oversaw a major bankruptcy amid the predatory priesthood scandal. He died Monday morning at his home. The Diocese of San Diego-Imperial […]

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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 governments are in close contact, ET has learned. The Lankan government has […]

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What we read this week [May 3, 2022] – Insolvency/Bankruptcy

To print this article, all you need to do is be registered or log in to Mondaq.com. the the wall street journal reports on Thursday’s surprise announcement from the U.S. Department of Commerce that U.S. gross domestic product unexpectedly shrank at an annualized rate of 1.4% during the first quarter of 2022. The […]

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U.S. Supreme Court to assess whether wife liable in bankruptcy for husband’s fraud

A arrives at the U.S. Bankruptcy Court for the Southern District of New York in Manhattan, New York, U.S., January 9, 2020. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register Husband’s cheating on house sale could impact his bankrupt wife Buyer says wife can’t avoid damage even though she didn’t know about […]

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Bankruptcies in North Dakota and Western Minnesota as of April 30, 2022 – InForum

Filed in United States Bankruptcy Court North Dakota Jeremy R. Alexander, Isanti, Minnesota, Chapter 7 Randal L. Holweger, II, Grand Forks, Chapter 7 Kristy J. Schroeder, Minot, Chapter 7 Ryan Joseph Elliott, Minot, Chapter 7 Daniel Paul and Moira Marie Myronenko, Watford City, Chapter 7 Mathew Vincent Steinkuehler, Grand Forks, Chapter 7 Michael S. Colton, […]

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Major US architecture firm EYP files for bankruptcy and may sell to subsidiary of Bitcoin miner | News

anchor Rendering XO Skeleton by EYP Architecture & Engineering. Photo: EYP Architecture & Engineering. The American company EYP Architecture + Engineering has filed for bankruptcy due to pressure from debt securities. The company, based in Albany, New York, has 11 offices across the United States and […]

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Artesian Builds files for bankruptcy with approximately $1.3 million in unfulfilled orders

Last Friday, former custom PC maker Artesian Builds filed for Chapter 11 bankruptcy in California with more than $3 million in liabilities on its balance sheet, including $1.37 million in unfulfilled orders. Its court-appointed restructuring agent is now seeking buyers for the company’s assets, which include inventory worth an estimated $917,595. Artesian Builds collapsed dramatically […]

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4th Cir. Cancels Bankruptcy Order for Civil Contempt of Creditor and Declares Taggart Standard to Apply

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 release order, governed civil contempt proceedings for breach of a confirmed Chapter 11 reorganization plan. Below Taggart, […]

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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 Congress and the executive branch. And yet, the Supreme Court of […]

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Bankruptcy omission does not prevent medical malpractice suit

By Y. Peter Kang (April 22, 2022, 6:06 p.m. EDT) — A Kentucky appeals panel revived a lawsuit on Friday accusing health care providers of negligently performing a medical procedure that caused brain injury to a woman, asserting that the woman failed to file the potential claim in bankruptcy court did not automatically bar action […]

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Sungard Files for Second Chapter 11 Bankruptcy

Sungard Availability Services has declared Chapter 11 bankruptcy in the United States, the second in the company’s recent history. Sungard management cited a myriad of reasons for the drop in business in a Press releasesuch as rising energy costs and more organizations adopting a remote work strategy due to the COVID-19 pandemic. The disaster […]

Coldfusion blog

RealClimate: the problem of modern demarcation

Defining (and enforcing) a clear line between information and misinformation is impossible, but that does not mean that misinformation does not exist or that there is nothing to be done to combat it. I got caught up in a series of “interesting” exchanges on Twitter a few weeks ago (I won’t link to save you […]

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Modeling agency says wage claims belong in bankruptcy court

By Rick Archer (April 15, 2022, 6:26 p.m. EDT) – A bankrupt New York modeling agency asks a bankruptcy judge to dismiss a model’s request to resume his wage and hour lawsuit against the agency, arguing that claims can be dealt with more quickly in bankruptcy court. In a motion filed Thursday, Major Model Management […]

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Court to consider disparate charges under Constitution’s bankruptcy clause

CASE OVERVIEW By Ronald Mann April 15, 2022 at 3:11 p.m. Circuit City Stores paid more than half a million dollars more in bankruptcy costs than it would have if filing in another district. (Ed Yourdon via Wikimedia Commons) Monday’s argument in Siegel versus Fitzgerald brings the judges a fun little argument: whether Congress violated […]

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Future liability releases at center of Boy Scouts bankruptcy

DOVER, Del. (AP) — Protecting local Boy Scouts of America councils and troop-sponsoring organizations from future liability for allegations of child sexual abuse is key to the national group’s plan to reorganize, officials said. BSA attorneys to a Delaware bankruptcy judge on Tuesday. Lawyers opposed to the plan have countered that releases from liability for […]

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Reliance Capital bankruptcy process to be delayed due to cluster bidding structure

Reliance Capital’s bankruptcy process is likely to be further delayed due to confusion in finalizing resolution plans for its subsidiaries, which are for-profit entities. In addition to being profitable, these subsidiaries are “well capitalized” and have appropriate management teams to manage their operations. Under the Insolvency and Bankruptcy Code (IBC), resolution plans cannot be submitted […]

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How this woman went from bankruptcy court to a lucrative online business earning $100,000 a quarter

Nicole Barham is the founder of Design Your Wealth, a platform that provides simple finance tracking tools, support and accountability for women entrepreneurs to stay competitive and relevant. She started the business following her own financial difficulties that landed her in bankruptcy court despite her accounting background. “I started the business after my own experience […]

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The Day – Judge extends deadline for Diocese of Norwich to file bankruptcy plan

Norwich – A federal bankruptcy judge has extended the deadline for the Diocese of Norwich to file its bankruptcy plan until June 14. The deadline was April 15, but Judge James Tancredi extended the deadline last week. The Roman Catholic diocese will then have until August 15 to seek votes from creditors on whether they […]

Coldfusion blog

The Flash’s Firestorm Cliffhanger Has Already Revealed His Fakeout Trick

The final scene of The Flash episode “Reckless” teased Ronnie Raymond as a cold killer, but it doesn’t match all the available evidence. Warning: The following contains SPOILERS for the flash season 8, episode 10, “Reckless”. There is a problem with the theory that the Cold-Fusion Killer of the flash season 8 is former Firestorm […]

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OCA tackles fraudulent transfers under the Bankruptcy and Insolvency Act

The recent decision of Ernst & Young Inc. v. Aquinothe Ontario Court of Appeal (OAC) analyzed the criteria for establishing undervalued voidable transfers under section 96 of the Bankruptcy and Insolvency Law LRC 1985, c B-3 (BIA), with particular emphasis on the application of “corporate attribution” in the context of insolvency. This case is expected […]

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Ohio Energy Aggregator Volunteer Energy Files For Bankruptcy Protection; what happens to customers?

PICKERINGTON, Ohio – More than 200,000 households in Ohio will have a new energy provider after a large aggregator files for bankruptcy protection, according to the PUCO. But residents will not lose service. Volunteer Energy Services filed for Chapter 11 bankruptcy protection end of March and dumping customers because of it, according to the Public […]

Coldfusion blog

The Flash’s Best Cold Fusion Killer Theory Is Justice For Despero

Despero, the alien tyrant introduced in The Flash Season 8’s Armageddon event, may be related to the Cold Fusion Killer that threatens Central City. Warning! SPOILERS for the flash season 8. A new fan theory suggests that the serial killer plaguing Central City in the flash Season 8 could be tied to Despero’s defeat in […]

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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 ran a residential property rental business from 2012 to 2018 “with the intent to defraud her creditors”. She […]

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Copper Creek Confirms Bankruptcy Discharges Have No Effect on Washington State Statute of Limitations | Coie Perkins

Like us before Noted, the statute of limitations for actions to enforce a note or trust deed can be a brutally effective sword for borrowers in Washington State. Under RCW 7.28.300’s six-year statute of limitations, a borrower is entitled to a “judgment relief” against the security instrument or “foreclosure action.” . . would be prohibited […]

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The (third) party is finished? Recent Rulings Cast Doubt on Continued Vitality of Third-Party Versions in Chapter 11 Reorganizations | Proskauer – mind your own business

Two recent U.S. district court rulings have rejected attempts to include non-consensual third-party releases in Chapter 11 reorganization plans. These rulings suggest that third-party releases may face growing backlash from from the courts. Traditionally, bankruptcy serves only to eliminate claims held by creditors against the debtor. In recent years, however, corporate debtors have increasingly attempted […]

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Sri Lanka on the brink of bankruptcy after the worst economic crisis in history

The city of Colombo is famous for its pristine beaches, clean streets, heritage buildings, delicious cuisine and enthusiastic locals. Leaving behind bitter memories of the decades-long civil war that ended in 2009 and the 2019 Easter bombings, the Sri Lankan capital and the rest of the country are gradually returning to normal. Yet all the […]

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SAG France employees on indefinite strike facing the specter of bankruptcy filing

Some wanted it to be considered a year-old rumor, but Tuesday’s announcement went like a bomb. At L’Horme, the company SAG France, which specializes in the manufacture of tanks for heavy goods vehicles, It will lose its biggest customer, Renault Trucks. The contract is due to expire in September. This represents 80% of SAG France’s […]

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Chris Pine’s film The Contractor filed for bankruptcy

Chris Pine and Ben Foster’s next film, The Contractor, has been filed for bankruptcy. STX Entertainment executives have placed the action thriller into Chapter 11 bankruptcy to protect the feature’s value for its shareholders as its parent company, Eros STX Global Corp, offers to sell the studio to Najafi Companies. , according to The Hollywood […]