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Motion filed to remove PG&E bankruptcy judge

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 […]

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Archdiocese of New Orleans sells bankrupt real estate | Economic news

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 […]

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Personal bankruptcies increased by 22.5% in the third quarter compared to 2021

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 […]

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How Winning the $1.5 Billion Powerball Jackpot Could Still Lead to Bankruptcy

(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 […]

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Generac Earnings Discontinued Due to Customer Bankruptcy and Product Warranty Issues

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 […]

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Dispelling common misconceptions about US business failure

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 […]

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‘Crypto King’ refused to give up his watch, car and phone in bankruptcy

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 […]

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Show Respect – Court of Appeal Upholds Primacy of Exclusive Jurisdiction Clause in Bankruptcy Proceedings | Hogan Lovells

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, […]

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Thai Airways International: Central Bankruptcy Court Approves THAI’s Amendment of Business Reorganization Plan

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 […]

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CannTrust Holdings Inc. makes a proposal under the Bankruptcy and Insolvency Act

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 […]

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How will Sandy Hook families be paid?

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 […]

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Are agreements with health providers contracts or statutory rights?

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 […]

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Voyager creditors challenge immunity plans for executives in bankruptcy lawsuits

(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 […]

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Pink Energy Files Chapter VII Bankruptcy

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 […]

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Thriller That Survived Bankruptcy Goes Into A High-Speed ​​Chase On Netflix

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 […]

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Celsius Network founder withdrew $10 million before bankruptcy

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 […]

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For fifth time, judge extends deadline for Diocese of Norwich to submit bankruptcy plan

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 […]

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Bankruptcy laws will be overhauled amid rising business bankruptcies

“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 […]

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Student loans: can you declare bankruptcy for loans?

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 […]

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Executive bonuses at opioid company Endo were ‘excessive’ and ‘secret’ before bankruptcy, state AGs say

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 […]

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Bankruptcy complicates lawsuits over failed NFL facility in South Carolina

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 […]

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EPR Properties stock: Regal bankruptcy not an existential threat (NYSE: EPR)

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 […]

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Questions and answers on the law | Discharging a student loan in bankruptcy is a doozy | Columns

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 […]

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Colorado bankruptcies fall 5.7% in August

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. […]

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Happy Joe’s Pizza Files for Chapter 11 Bankruptcy in Delaware | Business & Economy

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 […]

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Petit Four Films announces bankruptcy, leaving couples without wedding videographers

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 […]

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The Bankruptcy of Biden’s Middle East Policy – OpEd – Eurasia Review

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 […]

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Chinese diplomacy of debt trap behind Sri Lanka bankruptcy: expert

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 […]

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Local homebuilder awaits conviction for bankruptcy fraud

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 […]

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Harlin DeWayne ‘Cooter’ Hale served as a bankruptcy judge for 20 years

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 […]

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Warren Grills DOJ Explains Why He’s Still Trying To Squash Student Debtors In Bankruptcy Court

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 […]

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What we read this week [August 30, 2022] – Insolvency/Bankruptcy

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 […]

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Following bankruptcy, TRX founder Randy Hetrick acquires the company

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 […]

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Truth Social is heading for bankruptcy

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 […]

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Former Broncos backup QB files for bankruptcy at Cherry Hills mansion – Greeley Tribune

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 […]

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Older people and skilled nursing are paving the way for healthcare bankruptcy filings

(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 […]

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The History of the World’s Largest Air Cooler Manufacturer, Symphony

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 […]

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Could this machine shop bankruptcy signal more problems for the automotive supply chain?

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 […]

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Grace Tame slams pedophile John Millwood for declaring bankruptcy and failing to pay damages to victim

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 […]

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Which 5th Circ. Means of decision of bankruptcy for the authority of the FERC

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 […]

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Miami Business Bankruptcies Go Against the Tide

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 […]

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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 […]

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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 […]

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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 […]