By Hailey Konnath (March 3, 2022, 9:30 PM EST) – The federal bankruptcy judge overseeing Puerto Rico’s financial restructuring on Thursday declined to stay his order confirming the territory’s adjustment plan while opponents appeal , saying teachers’ associations and credit unions are unlikely to prevail in their challenges to the plan. U.S. Bankruptcy Judge Laura […]
Chinese fugitive Guo Wengui, the financial backer of Steve Bannon, has announced he will shut down video platform GTV after filing for bankruptcy and claiming he massively falsified data by hackers. GTV, a Chinese-language video streaming site launched in 2020 by Guo and Bannon, shut down on Thursday morning due to legal issues for Chinese […]
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An Ann Taylor ‘LOFT’ store in Encinitas, California is shown here May 20, 2008. REUTERS/Mike Blake Join now for FREE unlimited access to Reuters.com Register Law firms Related documents (Reuters) – The former owner of Ann Taylor has won bankruptcy court approval for his revised reorganization plan after a judge rejected certain legal protections for […]
Section 523(a)(8) of the Bankruptcy Code excludes certain student loans from bankruptcy discharge, “unless the exclusion of such debt from discharge under this paragraph would impose undue hardship “. By its terms, section 523(a)(8) leaves open to statutory interpretation whether a debtor can obtain relief under the law if he demands repayment of all “those” […]
PROVIDENCE – A new bankruptcy agreement between the opioid giant Purdue Pharma and nine states will see Rhode Island receive about $45 million — more than double the original bankruptcy offer — and the company will pay another $1 billion, for a total of at least $5.5 billion. . As part of the agreement announced […]
WhidbeyHealth, based in Coupeville, Wash., is facing financial challenges and needs to get a loan quickly to avoid Chapter 11 bankruptcy, according to Moody’s Investors Service. Moody’s said March 2 that it had downgraded WhidbeyHealth’s General Tax Unlimited Obligation Bonds from “Baa3” to “Ba2” and downgraded the hospital’s General Tax Limited Obligation Bonds rating from […]
Croydon could be forced to declare bankruptcy again if it were to pay £73m next year due to an ‘accounting problem’ and its finances could go into ‘total free fall’. The latest financial issue comes as Croydon Council prepares to approve its budget for the 2021/22 financial year. He was able to balance the books […]
GALESBURG — Three former doctors practicing in Knox Clinic Corporation have filed a petition to move the East Michigan clinic’s bankruptcy proceedings to Central District of Illinois in Peoria. Sanjay Sharma, CEO of the Clinic and Cottage Hospital, filed for Chapter 11 bankruptcy on Jan. 3 in Michigan federal court. In the filing, Sharma claimed […]
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From 1 April 2021 the Bankruptcy Regulations 1996 (Cth) (Old regulations) were replaced by the Bankruptcy Regulations 2021 (Cth) (Bankruptcy settlement). While the various changes introduced by the new Bankruptcy Rules have been widely touted as minor and administrative in nature, there is one key change regarding the method of serving notices of bankruptcy. What […]
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Lawyer in bankruptcy barred after penalty in 30 cases A bankruptcy lawyer who has been punished by the courts for at least 30 times has signed a consent to be barred from practicing in Washington, DC, following another sanction that was issued in Florida in the last month. Sam Babbs III consented to be disbarred […]
Film studio STX has placed a subsidiary containing the rights to Gerard Butler’s 2020 film “Greenland” into Chapter 11 bankruptcy. Filed Feb. 28 in Louisiana by ErosSTX President and General Counsel Noah Fogelson, the petition asks the bankruptcy court for relief in the form of time — time for STX to pay its creditors and […]
NEW YORK, March 02, 2022 (GLOBE NEWSWIRE) — Epiq, a global leader in technology services for the legal industry, today announced from its Bankruptcy Division the launch of the Epiq Bankruptcy Analysis web technology solution. This service provides legal and bankruptcy professionals with access to filing information, updated daily in 93 U.S. bankruptcy courts since […]
For most non-bankruptcy attorneys, their first experience in bankruptcy court could most likely begin with a call from an agitated and bewildered client asking for help in figuring out why he was being sued by a trustee in a bankruptcy case. bankruptcy filed by one of his clients. Worse still, the customer’s disbelief can only […]
Published on March 02, 2022 As the public waits for a decision on whether Johnson & Johnson will be allowed to continue with its controversial bankruptcy maneuver, those most affected by their decision continue to suffer the ravages of malignant mesothelioma and ovarian cancer. One such victim died earlier this month, just weeks after testifying […]
After the Amsterdam court granted a moratorium on payments last week JM Levarht & Zonen BV (Levarht) declared chapter 13 bankruptcy on March 1, 2022 for the fruit and vegetable business in Aalsmeer. The appointed directors are Mr. MR van Zanten and Mr. MN de Groot of CMS Derks Star Busmann. Van Zanten says that […]
The country united states of americaUS Virgin IslandsU.S. Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth ofCuba, Republic ofDominican RepublicHaiti, Republic ofJamaicaAfghanistanAlbania, People’s Socialist Republic ofAlgeria, People’s Democratic Republic ofAmerican SamoaAndorra, Principality ofAngola, Republic ofAnguillaAntarctica (the territory south of 60 degrees S)Antigua and BarbudaArgentina, Argentine RepublicArmeniaArubaAustralia, Commonwealth ofAustria, Republic ofAzerbaijan, Republic ofBahrain, Kingdom ofBangladesh, People’s Republic […]
Italian oil giant Eni intends to sell its 50% stake in the Blue Stream gas pipeline, which it controls equally with Russian giant Gazprom, following Moscow’s invasion of Ukraine, a a company spokesperson announced last night. “Eni intends to sell its stake” in the Blue Stream gas pipeline linking Russia to Turkey via the Black […]