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Boulder storage company Closetbox Inc. files for bankruptcy

Full-service storage company Closetbox Inc. has filed for Chapter 7 bankruptcy. According to documents filed Friday with the U.S. Bankruptcy Court for the District of Colorado, the company has liabilities of $650,546 and assets of $32. $247. Closetbox, which was founded in 2014, tried to stand out in the storage industry as a full-service company […]

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March 9, 2022 Bankruptcies – Duluth News Tribune

This bankruptcy information is gathered from filings in U.S. Bankruptcy Court in Duluth from February 16-28. DEBTOR: Tracy Lynn WaisanenADDRESS: 1224 11th St. S., VirginiaCHAPTER 7FILING DATE: February 16ASSETS: $146,961.53LIABILITIES: $131,625.52 DEBTOR: Mindy May Malone, fka Mindy May Hester, fka Mindy May MorrisADDRESS: 2113 Third Ave. E., Apt. 202, international fallsCHAPTER 7FILING DATE: February 17ASSETS: […]

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Recent Hertz Delaware Bankruptcy Court Ruling Maintains Uncertainty Surrounding Repair Premium Claims – Insolvency/Bankruptcy/Restructuring

Over the past decade, there have been several court rulings on whether particular compensation bonuses should be allowed as part of a creditor’s claim in bankruptcy, such as Momentive,1 EFH,2 American Airlines,3 and Ultra Petroleum.4 While these and other decisions set out the legal standards to be applied and resolve the specific claims at issue, […]

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Texas bankruptcy lawsuit begins with energy bill over $2 billion after 2021 winter storm

Electrical Reliability Council of Texas (ERCOT) Command Center in Taylor, Texas August 14, 2012. REUTERS/Julia Robinson Join now for FREE unlimited access to Reuters.com Register Grid operator says high prices are part of the energy system Texas’ largest electric co-op says bill expected to be $770 million The names of companies and law firms listed […]

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Marvel’s Bankruptcy Hobby Dominos

When we think back to something that happened 25 years ago, we all interpret the timeline differently. If you’re a seasoned collector who’s been on the hobby rollercoaster ride from the 1980s to the present day, 25 years seems like a long time. If you’re a newer collector and got into the hobby in the […]

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Editorial: Ending Free Passes to Bankruptcy Court | Editorial

Not so long ago, in malls and malls across the region, shoppers could count on Dress Barns, Lane Bryants, Ann Taylors, Justices and other clothing stores operated by Ascena Retail Group. Five years ago, the retailer operated nearly 5,000 brick-and-mortar locations catering to women, teens and tweens. By 2020, that number had been halved and […]

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Bankruptcy judge converts Loveland Shooting Club bankruptcy to Chapter 7, business closes – Loveland Reporter-Herald

On February 1, a U.S. bankruptcy judge converted the Front Range Gun Club’s bankruptcy case from Chapter 11 reorganization to Chapter 7 liquidation, and as a result, the gun club at 697 N. Denver Ave. Suite 128 in Loveland has closed. A notice on the company’s website says the business is “closed pursuant to a […]

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Investors slam former owner, bankruptcy trustee in Aspirity Energy fraud allegations

Two years after Aspirity Energy filed for bankruptcy, the US trustee tasked with liquidating the bankrupt Minneapolis energy company had owner Tim Krieger on the witness stand – under oath. But during a nearly three-hour review, Krieger frustrated the veteran bankruptcy attorney at almost every turn. Citing his Fifth Amendment right not to incriminate himself […]

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Seadrill unit files for bankruptcy 24 hours a day

A unit of offshore driller Seadrill Ltd filed a fast-track reorganization plan in Houston bankruptcy court on Tuesday, where it hopes to seek approval of the proposal on Wednesday. The case comes just months after its parent entity emerged from its own bankruptcy proceedings. This reorganization plan is expected to come into effect early this […]

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USA Gymnastics’ $380 million bankruptcy plan is approved (1)

USA Gymnastics’ Chapter 11 plan to settle hundreds of sexual abuse claims by paying victims $380 million, largely from insurance proceeds, has received bankruptcy court approval. the plan, backed by the 476 abuse survivors who voted, allows the sports organization to complete a bankruptcy filing following revelations that team doctor Larry Nassar sexually abused hundreds […]

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UnitedLex and LeClairRyan face trustee lawsuit

[ad_1] 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 […]

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GTT Communications can proceed with a rapid restructuring

[ad_1] 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 […]

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reality TV stars with money problems | Gallery

[ad_1] From the editors of Wonderwall.com 6:21 am PST, February 28, 2019 Just because you’re a TV star doesn’t mean you don’t have to face financial problems. To take Tori spelling, for example. The daughter of legendary TV producer Aaron Spelling may have been a Hollywood star turned reality star, but in July 2016, the […]

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Caesars Palace: millionaire’s $ 500,000 gambling debt before bankruptcy was a fraud

[ad_1] Through Steve Green Monday January 10, 2011 | 10:00 a.m. Caesars Palace is suing the millionaire owner of the famous Beverly House estate in Beverly Hills, California, accusing him of fraudulently accumulating $ 500,000 in unpaid gambling debt before filing for bankruptcy. A Caesars Palace lawyer last week filed an adversary complaint in the […]