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Stars who’ve had trouble with the IRS, paying taxes | Gallery

By Wonderwall.com Editors 9:56am PDT, Jun 25, 2021 Mo’ money, mo’ problems! Just ask Charlie Sheen, Khloe Kardashian, Mary J. Blige, Lindsay Lohan, Tori Spelling and more of the stars who’ve faced major problems with state and federal tax authorities over the years. Wonderwall.com is taking a look at some of Hollywood’s tax-troubled stars, starting […]

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The Day – Diocese of Norwich accumulates additional $ 845,000 in legal fees in bankruptcy case

Norwich – Less than two months after a federal judge slammed the Diocese of Norwich for spending more than $ 1 million in legal and financial service fees related to its bankruptcy case, the diocese has racked up an additional $ 845,137 in fees over a recent 10 week period. The July 15 to September […]

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UnitedLex and LeClairRyan face trustee lawsuit

A plaque is displayed at the entrance to the US District Bankruptcy Court for the Southern District of New York. REUTERS / Brendan McDermid Bankruptcy Judge Keeps All Chapter 7 Trustee Claims Intact UnitedLex and Gary LeClair face 2018 joint venture allegations, company collapse (Reuters) – A Richmond, Va. Bankruptcy judge gave the Chapter 7 […]

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Slowing bankruptcy filings could signal a flurry to come

NEW YORK, November 03, 2021 (GLOBE NEWSWIRE) – With bankruptcy filings falling across all industries in the third quarter of 2021, professionals expect a surge in activity over the next year, as shown the latest Polsinelli-TrBK distress index report. The overall number of files in the report is at its lowest since the reporting period […]

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Bankruptcy can be the first step in financial recovery

Improving your financial position I can recall the story about a poor old widow who died after finding a purse around his waist that held thousands of dollars. He found the purse belt in the trash while rummaging, and decided to keep him. But he never opened the bag. So he went on living the rest of […]

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Possession of a Debtor’s Property After a Bankruptcy Declaration May… or May Not… Be a Stay Breach | Nelson Mullins Riley & Scarborough LLP

A person in possession of a debtor’s property while filing for bankruptcy now has more guidance from the Supreme Court as to the effect of the automatic stay. In City of Chicago, Illinois v. Fulton, 141 S. Ct. 585 (2021), delivered January 14, 2021, the Court was faced with the question of whether the City […]

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J&J, Purdue Uproar Spurs House Panel to move bankruptcy review

The House Judiciary Committee voted in favor of a bill to overhaul the corporate bankruptcy system following public outcry over the Purdue Pharma LP and Johnson & Johnson cases. The committee approved the Non-Debtors Discharge Prohibition Act (HR 4777) on a 23-17 vote Wednesday, sending the bill to the House. All Republicans on the committee […]

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GTT Communications can proceed with a rapid restructuring

A person walks through the United States Bankruptcy Court for the Southern District of New York in Manhattan, New York, United States, August 24, 2020. REUTERS / Andrew Kelly (Reuters) – GTT Communications Inc on Wednesday obtained court approval to proceed with its Chapter 11 fast-track process, which is expected to reduce its debt by […]

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House to consider limiting the ch. Purdue style. 11 outputs

By Rick Archer (Nov 3, 2021, 2:54 p.m. EDT) – The House Judiciary Committee sent a bill on Wednesday targeting non-debtor discharges at Purdue Pharma and divisional mergers at Johnson & Johnson in Chapter 11 to the ground, with supporters of the bill claiming it would reduce “extreme abuse” of the New Mexico Bankruptcy system. […]

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How Protogroup’s $ 192 Million Daytona Beach Condo Hotel Project Headed South

Neighborhood meeting to talk about the Protogroup project, Rob Merrell, lawyer for the developer of the $ 192 million Protogroup project, speaks to neighborhood residents about a rezoning request. The Daytona Beach Newspaper To the casual observer, it would appear that Protogroup’s nearly $ 200 million beachfront hotel-condo project has been hampered from the start. […]