Business reviews

Opponents of Puerto Rico’s bankruptcy plan lose appeal stay offers

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 […]

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Steve Bannon’s Chinese backer accuses bankruptcy of ‘data tampering’

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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Bankruptcy judge approves ex-owner Ann Taylor’s revised ch. 11 shots

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 […]

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Does the Bankruptcy Code allow partial discharge of student loans? | Nelson Mullins Riley & Scarborough LLP

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” […]

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Sacklers and Purdue Pharma bankruptcy deal will send $45m to RI

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 […]

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Washington hospital on the brink of bankruptcy needs a new CEO and CFO

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 […]

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Croydon council could be forced to declare bankruptcy again

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 […]

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Doctors are trying to move the clinic’s bankruptcy case from Galesburg Cottage to Peoria

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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Folding Laundry Robots Market by 2029

This Folding Laundry Robots research report is the professional asset that delivers the valuable and authentic insights of the market. It provides market insights based on market research. It defines and describes the different aspects of the market covering all the vital factors. The data contained in the Folding Laundry Robots research report is collected […]

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CATCH ME IF YOU CAN: Is Service of an Email Bankruptcy Notice Still Valid?

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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Bankruptcy lawyer disbarred after penalties in 30 cases

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 […]

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STX Puts ‘Greenland’ Rights in Chapter 11 Bankruptcy

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 […]

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Epiq launches new bankruptcy analytics platform

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 […]

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Avoiding Avoidance Actions in Bankruptcy

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 […]

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Mesothelioma victim dies after testifying against J&J bankruptcy maneuver

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 […]

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Bankruptcy of Levarht announced; talks with reboot candidate in full swing

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 […]

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Aberdeen aldermen approve special counsel in Bradbury Logistics bankruptcy case | News

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Western oil companies boycott Moscow, Russian bank files for bankruptcy – Middle East Monitor

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 […]