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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 […]

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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 […]