May 2022

Last year, we offered a lesson and a moral from a North Carolina district court ruling overturning a $115,000 penalty order by a North Carolina bankruptcy court. The lesson learned from the case was that the bankruptcy court…

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. You may have heard that if you have a tax debt…

In its latest quarterly report to the Securities and Exchange Commission (SEC), cryptocurrency exchange firm Coinbase Global Inc. disclosed for the first time that the $256 billion in fiat and cryptocurrencies held by the company on behalf…

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SPONSORED CONTENT Bankruptcy is a legal procedure that allows individuals or businesses to free themselves from their debts and offer creditors a possibility of repayment. Rights of an employee when the employer/company!-->!-->…

The subject of the day is not to be taken lightly! In fact, you can take it lightly because it is mostly sugar and air. However, from the age you might be - and I'm only guessing - you probably haven't consumed one (or more) in decades.…

Indie on Air Records, promoter of the Wampus Cat Music Festival, announced on Friday that it would file for bankruptcy and that the already postponed the three-day event will no longer take place at all. The news was announced…

Panama City, Florida. — Lewis and Jurnovoy, bankruptcy attorneys in Panama City, monitor debt relief and bankruptcy news to keep their community informed. Accordingly, they highlight recent initiatives taken by President Biden to…

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May 26, 2022 HSA Defenders…

When the pandemic arrived — causing mass layoffs and short-lived restrictions on business activity — Idaho bankruptcy attorneys were told to expect the!-->!-->!-->…

May 25, 2022 Cathro & Partners…

By Caleb Symons (May 24, 2022, 6:48 p.m. EDT) — The Blackfeet Indian Nation on Tuesday lambasted a Montana campground operator's decision to file for Chapter 11 bankruptcy this week, calling the move "an effort desperate for the last…

In the fourth quarter of FY22, for the first time, the amount to be realized from the resolution process was lower than the liquidation value of the assets In the fourth quarter of FY22, for the first time, the amount to be realized…

May 24, 2022 – A debtor who elects to proceed under Subchapter V of the Bankruptcy Code as a small business debtor must meet certain eligibility requirements. A ruling issued on April 12, 2022, by Judge Ernest Robles of the Central…

In the first of a three-part series on Jersey and Guernsey law in the New Law Journal, group partner Simon Hurry, along with barrister James Tee and senior partner Karen Stachura provide a quick overview insolvency in the Channel Islands…

A nonprofit senior living operator with three communities in the Dallas area has filed for Chapter 11 bankruptcy after challenges exacerbated by the Covid-19 pandemic, with a harassed horse bidder already lined up for a sale in…

Evershed Sutherland is pleased to announce that the company has further expanded its bankruptcy capabilities as David A. Wender joined the firm's Financial Practice Group as a Partner in the Atlanta office and as Head of the Corporate Debt…

Springfield Medical Care Systems was renamed North Star Health. (Courtesy of North Star Health) Editor's note: This story by Nora Doyle-Burr first appeared in the Valley News on May 17. Springfield Medical Care Systems has been…

The recession is in the cards and not because of the recent record of real GDP decline in the first!-->…

A McGregor man facing allegations of fraud in a lawsuit has filed for bankruptcy, temporarily putting the lawsuit on hold.UBS Financial Services filed a lawsuit this month against Robert Earl Turner, claiming he and his…

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NEWTOWN — A federal bankruptcy judge has freed extremist Alex Jones from Chapter 11 protection and sent his defamation cases to state court in Texas, where the parents of two boys killed in the Sandy Hook massacre are awaiting justice. jury…

You may be considering filing for bankruptcy in Indiana due to unexpected difficulties. You are not alone in contemplating bankruptcy. Additionally, the purpose of this article is to show you the main aspects of Chapter 13…

Have you ever wondered what embarrassing body doctors have been up to now? Medical reality television arrived on our screens in 2007. 5What are the Doctors of Embarrassing Bodies so far the show is over?Credit: Alamy 5The show ended in…

After declaring Chapter 7 bankruptcy in January and closing its doors after nearly 65 years in business, Enstrom Helicopter Corporation was acquired. Chuck Surak Chuck Surack, the founder of Indiana-based Surack…

AS A bankruptcy attorney, I'm often asked, "How will filing for bankruptcy change my life?" I think people ask this question because of the negative things they may have heard about bankruptcy from friends, family, coworkers, and…

Thai AirAsia X bankruptcy filing accepted by court All pre-reserved seats will be honored…

After seven years offscreen, Embarrassing Bodies is back with an all-new series. The reboot, which features an all-new lineup of doctors, premieres Thursday, May 19 night on E4. Season nine will see Dr Jane Leonard, Dr Anand Patel and Dr!-->…

Questions remain over Colstrip employee pension funds as Colstrip operator and co-owner Talen Montana goes bankrupt.Talen Montana, in a separate lawsuit from its May 9 bankruptcy filing, claims it still owes hundreds of…

The bankruptcy attorney can accurately assess your financial situation. Financial challenges can impact your personal life! Debt collectors will try to contact you by all means. And this ongoing contact, along with…

Placeholder while loading article actionsThe Moscow-based Google subsidiary plans to file for bankruptcy, a company spokesperson said on Wednesday, as Russia's seizure of its assets has made it impossible to run its business in the country.…

Published: 05/17/2022 22:09:34 Modified: 05/17/2022 22:08:26 SPRINGFIELD, Vt. – Springfield Medical Care Systems has been rebranded as North Star Health, according to a press release Sunday.The…

By Vince Sullivan (May 17, 2022, 9:37 p.m. EDT) -- Two dozen states have opposed proposed bonus payments for the CEO of bankrupt drugmaker Purdue Pharma, the First Circuit declined to hear an appeal regarding changes to Puerto Rican…

Below is a list of the top and leading bankruptcy attorneys in Raleigh, NC. To help you find the best bankruptcy attorneys located near you in Raleigh, we have put together our own list based on this rating point list. Top Raleigh…

Business bankruptcies in Canada approached pre-pandemic levels in the first quarter of 2022, jumping nearly 34% year-over-year, which some experts say could be the beginning of a growing wave of bankruptcies. There were 807 business…

Premium Audio Company, LLC, through a joint venture with Sharp Corporation, acquired certain assets of Onkyo Home Entertainment Corporation's audio/video business in September 2021 – this last deposit has no impact on operations and is not…

Research topics proposed by the Ministry of Corporate Affairs show that its policy priorities for the future include predicting bankruptcy based on the financial statements filed by companies,…

Let's give bankruptcy a historical and legal perspective. At present, when we talk about bankruptcy law, we refer to the federal law called "Bankruptcy Code" of 2005. Creditors lobbied a lot in Congress to shape the Bankruptcy Code…

The recent case of In re Micah Cade McKinneyCase No. 21-50046-rlj-11 (Bankr. ND Tex., April 28, 2022) outlines violations of the bankruptcy injunction. Contempt litigation in bankruptcy is sometimes driven by intentional and deliberate…

WACO, TX (KWTX) - A former Waco financial adviser facing claims from his former employer, an investment firm, that he misappropriated more than $17 million from more than 20 clients, has filed for bankruptcy protection under the chapter…

In late February, Johnson & Johnson won a controversial bankruptcy filing to settle 38,000 lawsuits accusing its talc products of causing cancer. However, it looks like the bankruptcy case is far from over, as…

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Guo Wengui (also known as Miles Kwok). REUTERS/Carlo AllegriJoin now for FREE unlimited access to Reuters.comRegisterFormer real estate mogul says he can't afford Ch. 11 legal feesLender says bankruptcy filed to avoid court-ordered $254…

By Emily Lever (May 12, 2022, 4:24 p.m. EDT) – A legal technology nonprofit told a federal judge in New York on Thursday that its plan to offer advice to low-income debtors in court proceedings Debt Collection needed to be allowed to…

By Emily Lever (May 12, 2022, 4:24 p.m. EDT) – A legal technology nonprofit told a federal judge in New York on Thursday that its plan to offer counseling to low-income debtors in court in the bankruptcy must be allowed to proceed,…

Amid a pretty impressive speculative surge today in a number of meme socks, Bed bath and beyond (NASDAQ:BBBY) also saw an impressive price move. From its highs earlier in the day, BBBY stock jumped more than 14%, despite a lower…

KALAMAZOO-A Cannabis company Kalamazoo's recent Chapter 11 bankruptcy filing will test particularly murky legal waters and could potentially set a legal precedent for other cannabis-related businesses facing insolvency.Master Equity Group…

WASHINGTONVILLE — A bankruptcy filing by Talen Energy Supply (TES) is not expected to impact operations at…

Cryptocurrency trading platforms may look like regular brokerage apps for everyday users, but regulators have long warned that they lack the oversight and investor protections that are built into traditional financial…

Coinbase Global Inc. PIECE OF MONEY The chief executive said the disclosure in his latest quarterly report did not indicate that the cryptocurrency exchange operator was facing bankruptcy risk, and that it was done to meet SEC…

The Russian government has introduced* a moratorium on creditors declaring bankruptcy from April 1, 2022 until October 1, 2022. The new moratorium (unlike the 2020 COVID-related moratorium) applies by default to all individuals, sole…

Former students of ITT Technical Institute or Daniel Webster College may benefit from a settlement related to ITT's bankruptcy filing and can now update their information with the ITT Student Claims Settlement Administrator. This…

Davis Polk & Wardwell and Harneys Westwood & Riegels acted as U.S. and Cayman Islands!-->…

SPONSORED: Ways to build up credit after bankruptcy Depending on the type of bankruptcy you filed, a bankruptcy can remain on your credit report for up to 10 years, but rest assured that the damage is not permanent. There are…

Co-written by Tiffany Woelfel, Davis|Kuelthau After the past two years, Dealing with bankruptcy issues is probably the lowest priority on any business…

Bishop Robert Brom led the Diocese of San Diego from 1990 to 2013. Image via dicoese Roman Catholics are in mourning Bishop Robert Brom, San Diego's spiritual leader for nearly a quarter century who oversaw a major bankruptcy amid…

FAIRPORT, NY (WROC) — Fairport Baptist Homesa not-for-profit provider of senior housing, services and care for more than a century, files for bankruptcy. Fairport Baptist Homes officials said in a statement Monday to News 8 WROC…

On April 26, Abigail Iris Small raised her right hand and swore to tell the truth, even though the bankruptcy trustee couldn't see her doing so at the creditors' meeting because her bankruptcy…

ACannabis company Kalamazoo's recent Chapter 11 bankruptcy filing will test particularly murky legal waters and could potentially set a legal precedent for other cannabis-related businesses facing insolvency. Master Equity Group LLC filed…

MANY people who need debt relief are afraid to file for Chapter 7 or Chapter 13 because they fear life after bankruptcy will be difficult. The fear is that bankruptcy will prevent them from getting new credit cards, buying a car,…

There is sometimes debate as to whether private companies or non-governmental organizations (NGOs) or any other private entity, instead of an individual, can file a claim under the Right to Information Act. information (RTI). Generally,…

A Missouri-based trucking company, which contracted with the U.S. Postal Service to haul mail, recently ceased operations and filed for Chapter 7 bankruptcy.Family-owned Polo-headquartered Rooney Trucking Inc. filed its petition in U.S.…

VOTERS are not fully aware of Slough Borough Council's financial troubles as residents rushed to voting booths to vote on who would represent them for a year. For much of Slough's life as a Unitary Authority in 1998, it was…

Despite widespread trends of state-level legalization and decriminalization of high-THC cannabis and growing acceptance of cannabis by Americans, cannabis and cannabis-based products remain illegal under federal law. . At least 37…

A divisional bench of the Karnataka High Court, in its recent judgment / dated 5th April 2022, dismissed a writ petition challenging the constitutional validity of Sections 95, 99 and 100 of the Insolvency and Bankruptcy Code, 2016 ("the…

A foreign decree of bankruptcy or insolvency has no effect on the debtor's Swiss assets and on legal proceedings against the debtor in Switzerland and a foreign bankruptcy administrator must not act on Swiss soil unless the foreign decree…

The Johnson & Johnson logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 29, 2019. REUTERS/Brendan McDermidJoin now for FREE unlimited access to Reuters.comRegisterSummaryLaw…

As a growing number of listed companies seek to reorganize their creditor-debtor relationships through bankruptcy, pre-listing rules on the Shanghai and Shenzhen stock exchanges have become inadequate to guide…

Auctions due June 7 for June 14 auction comprising a wide range of opportunity areas and other assets, including single family homes, multi-unit buildings, undeveloped land and vacant commercial/industrial properties; many properties…

The fate of around 400 local jobs remained uncertain on Monday as Armstrong Flooring Inc. told investors it…

(Photo by Drew Angerer/Getty Images) On Friday afternoon, U.S. Bankruptcy Judge Christopher Lopez held the second hearing on three companies owned by Alex Jones until last month, when he abruptly transferred ownership of the LLCs to a…

OVER THE LAST 35 years, many clients have always asked me, "Lawyer, should I file for bankruptcy?" This question is asked after they tell me what their problem is. The problem is always financial: having trouble paying credit…