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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 […]

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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 […]

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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 […]

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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 […]