June 2022

The United States Court of Appeals for the Second Circuit on Thursday appointed partners of Weil, Gotshal & Manges LLP and Kramer Levin Naftalis & Frankel LLP to serve as bankruptcy judges for the United States…

The Plano-based mortgage lender that laid off 428 employees last week has filed for bankruptcy, citing pressures in the mortgage industry due to rising interest rates and housing affordability.First Guaranty Mortgage Corp. has filed for…

Slaven Vlasic/Getty Images Entertainment By Pete Johnson Revlon (NYSE: REV), the iconic beauty brand, filed for Chapter 11 bankruptcy. Meanwhile, REV stock rallied on the news as traders promoted the idea of ​​a takeover on social media.…

SEPI rejects state aid of 249 million eurosA source at SEPI affirms its viability, the repayment of the loan is not guaranteedAbengoa confirms rejection of state aidRejection could trigger one of Spain's biggest bankruptciesMADRID, June 28…

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…

By Deborah Enea, Frank Montes de Oca and Kayla Weldon (June 27, 2022, 4:15 p.m. EDT) – On April 28, the U.S. Bankruptcy Court for the Northern District of Oklahoma in Kirtley v. Mabrey Bank (In re: Rudick) held that an entity other…

DDebtors meeting the conditions for bankruptcy under the corporate bankruptcy law may file in a court of competent jurisdiction for protection in the form of termination of interest accrual, release from retention, stay…

The Corsicana factory in Richmond, Virginia.DALLAS – Mattress manufacturer Mattress Corsicana Co. and 11 related companies have filed for bankruptcy protection under Chapter 11 of the US Bankruptcy Code, and the filing offers insight into…

RIYADH: Bitcoin, the leading cryptocurrency internationally, traded higher on Sunday, rising 0.93% to $21,420.15 as of 8:10 a.m. Riyadh time. Ethereum, the second most traded cryptocurrency, was priced at $1,237.88, up 1.38%,…

Federal Finance Minister Miftah Ismail said on Saturday that the government had taken tough decisions for the economy and saved the country from bankruptcy ISLAMABAD, (UrduPoint/Pakistan Point News - June 25, 2022): Federal Finance…

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…

According to the latest Wall Street Journal report, struggling crypto funding service Celsius Network may be considering filing for bankruptcy after hiring structural advisers from consulting firm Alvarez & Marsal.Celsius Network…

E-cigarette maker Juul Labs won a last-minute reprieve from a federal ban on Friday afternoon after an appeals court granted a temporary stay of a Food and Drug Administration order barring the sale of its products.…

Also on Global 3000: The environmental balance sheet of sea freight Shipping accounts for about 3% of global emissions, second only to the aviation industry and more than all coal-fired power plants in the United States. So why…

June 24, 2022 Ward and Smith,…

The President signed legislation raising the eligible debt cap for Chapter 11 Sub-Chapter V to $7,500,000. Small businesses with up to $7,500,000 in unconditional and liquidated debt are eligible for relief under Subchapter V for another…

Auro Technologies, the company that brought us the Auro 3D Surround Format, filed for bankruptcy with a view to resolving its insolvency. While it can be difficult to find a silver lining in this situation, Auro founder and CEO Wilfried…

By Chris Isidore, CNN Business Tesla is facing billions of dollars in losses from its new factories, supply chain issues and Covid lockdowns – enough for CEO Elon Musk to mention the possibility of bankruptcy in a recent…

Things are not going well for Elon "Pedo Guy" Musk, but he is confident that the supply chain issues currently rocking his business will soon be resolved. I wonder if Tesla's declining stock value is its nuclear option to pull out…

Shares of Revlon (ROUND) climbed nearly 35% on Wednesday afternoon in volatile trading. The stock is now up more than 300% in the past three sessions alone – from around $2 to around $8 – after falling 13% on the day the company announced…

June 22, 2022 Cathro & Partners…

Fear of an impending recession has increased recently as inflation persists, interest rates rise, global supply chain disruptions persist and commodity price volatility continues in the middle of the war in Ukraine. Add to that a list…

In the fall of 2020, one of the largest coal-fired power plants in the West was due for repair. The operator of the Colstrip power plant has therefore sent a letter to its five co-owners with a $56 million plan to fix it. The proposal…

After filing for bankruptcy two months ago, Artesian Builds is now auctioning off its inventory in multiple lots via a bankruptcy auction to pay off its debts. PC systems integrator Artesian Builds filed for bankruptcy two months ago,…

picture by Nicola Bart When you go bankrupt, it can feel like the end of the world. All your hard work has gone for nothing and you may feel like there is no way to rebuild your life. However, this is not true! There are loan options…

The Russian subsidiary of Google has, as expected, filed for bankruptcy. Russian news service Interfax reported on Friday that Google filed for bankruptcy protection with the Moscow Arbitration Court on Thursday. This follows a May 18…

A Brooklyn hotel project that filed for bankruptcy protection in December 2020 is now up for bankruptcy sale, Commercial Observer has learned. Call for tenders for the project under construction at 159 Broadway starts at $28 million.…

June 17, 2022 HSA Defenders…

SAN ANTONIO — It came like a punch to the Alamo City arts and culture scene. After 80 years of orchestrated ensembles, the San Antonio Symphony Orchestra has come to an end. It has been a difficult time for the symphony, with the nearly…

Skilled labor shortages continue to capture the attention of the IW manufacturing community, as evidenced by the top stories in this week's edition of IndustryWeek's weekly reads. Other topics of interest from the past week include the…

June 16, 2022 Defenders of SS Rana…

Berggren Law Offices, PLLC is a leading bankruptcy law firm. The firm explained how a bankruptcy attorney can help clients file for bankruptcy in a recent update. Raleigh, North Carolina – In a posting on the website, Berggren Law…

By ANNE D'INNOCENZIO AP Retail WriterNEW YORK (AP) — Revlon, a cosmetics maker that broke racial barriers and dictated beauty trends for much of the last century, has filed for Chapter 11 bankruptcy.The company has been a…

Revlon files for Chapter 11 bankruptcy amid heavy debt,…

Breadcrumb Links Money News Silver fashion beauty Revlon, which was formed in 1932, has lost shelf space and sales to celebrity-backed startups in recent years. Author of the article: Reuters Praveen…

A public safety officer watches people in front of a billboard belonging to Revlon which takes their photos and posts them in Times Square in the Manhattan borough of New York October 13, 2015. REUTERS/Carlo AllegriJoin now for FREE…

On June 6, 2022, the United States Supreme Court released its opinion in Siegel v. Fitzgerald, in which the Court held that the Bankruptcy Judges Act of 2017, Pub. L. 115-72, Div. B, 131 Stat. 1229 (the “2017 Act”) was…

Home » News » Rivian Delays Delivery Again, Musk Plans Bankruptcy In an email, Rivian informed R1S (SUV) customers that their pre-orders would not be fulfilled by July as planned. Instead, they might have to wait until December.…

Source: Adobe/Casimiro A torrid week for users and operators of the crypto lender Celsius Network (CEL) continues – with restructuring lawyers reportedly called in to help enact…

Another crisis is ravaging the digital asset sector a month after the collapse of Terra stablecoin sent the market plummeting, generating new apprehension among all cryptocurrencies. On Sunday, Celsius Network Ltd., one of the world's…

National Realty Investment Advisors and numerous affiliates (“NRIA”) filed voluntary petitions for Chapter 11 bankruptcy protection in the District of New Jersey on June 7 (File No. 22-14539). NRIA is a New Jersey-based real estate…

Commercial electric vehicle maker Electric Last Mile Solutions said on Monday it would file for bankruptcy, the first in a series of struggling electric vehicle makers SPACs to file for bankruptcy. Electric Last…

With Hulu's latest documentary on BSA, Leave No Trace: A Hidden Scout History, nearly ready for its theatrical and online release, there have been a slew of questions surrounding the prolific organization, also known as the Boy Scouts of…

Updated at 9:47 a.m. ESTRevlon (ROUND) - Get the Revlon Inc. report. Shares extended their decline on Monday following a report suggesting the iconic cosmetics group could file for Chapter 11 bankruptcy in the coming days.The Wall Street!-->…

New York-based cosmetics and personal care company Revlon, Inc. ROUND would be close to filing for bankruptcy.Revlon is preparing to file for Chapter 11 bankruptcy as soon as next week, according to the Wall Street Journal, citing people…

Biden administration officials have appeared willing to reform the student loan bankruptcy process. But the Department of Education continued to oppose debt…

The Iron Horse Hotel Citing the impact of COVID-19, The Iron Horse Hotel in Milwaukee's Walker's Point files for Chapter 11 bankruptcy protection while it restructures debt and tries to recover from the financial…

A public safety officer watches people in front of a billboard belonging to Revlon which takes their photos and posts them in Times Square in the Manhattan borough of New York October 13, 2015. REUTERS/Carlo Allegri/FilesJoin now for FREE…

Content of the article VICTORIA, Texas (AP) — A federal judge in Texas on Friday dismissed the bankruptcy protection case for Infowars and two other companies controlled by Alex Jones, the result of a settlement between the conspiracy…

To print this article, all you need to do is be registered or log in to Mondaq.com. The decision to close a business is taken by the management of the business and is done by consensus with the management and the…

Posted on: June 10, 2022, 05:25h. Last update: June 10, 2022, 11:45 a.m.…

VICTORIA, Texas (AP) — A federal judge in Texas on Friday dismissed the bankruptcy protection case for Infowars and two other companies controlled by Alex Jones, the result of a settlement between the conspiracy theorist's attorneys and the…

MILWAUKEE — The ownership of the Iron Horse Hotel has filed for Chapter 11 bankruptcy reorganization, according to our partners at the Milwaukee Business Journal.The filing was filed Thursday in a U.S. bankruptcy court in the District of…

(Photo by Sergio Flores/Getty Images) Last week, Alex Jones' attorneys walked out of Texas bankruptcy court, practically wailing and tearing their clothes off at the injustice of it all. How dare the US administrator suggest that…

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Two hours before church sex abuse victims serving on a court-appointed committee were to address Archbishop…

Text size In a TV ad last year, the company offered "targeted 21% returns."…

"It could add huge delays to the process on the very day the mediation was supposed to start." NEW ORLEANS — Two hours before Church sex abuse victims serving on a court-appointed panel were due to address Archbishop…

A Bay of Plenty school is accused of being 'morally bankrupt' by a former pupil who was allegedly sexually abused by a teacher. Tauranga Boys' College is under investigation by the Chief Ombudsman for…

Background 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…

Marc Fitapelli, Esq. Jeffrey Saxon, Esq. The arbitration claim was filed on behalf of a North Carolina GWG L Bond holder. We represent dozens of GWG L bond investors…

Background 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…

Congress' 2017 increase in Justice Department fees paid by bankrupt businesses violated a uniformity requirement in the Constitution's Bankruptcy Clause because it did not apply in two states, said the Supreme Court of the United States.The…

US Dispute and Dispute Resolution Alert Background 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…

House New Armstrong offers bonuses to retain mid-level…

(Photo by Drew Angerer/Getty Images) Alex Jones' companies come out of bankruptcy exactly as they went in: with a maximum of histrionics and accusations of bad faith. In April, Jones, a professional shitposter, placed three LLCs associated…

NEW YORK, June 03, 2022 (GLOBE NEWSWIRE) -- According to data provided by Epiq Bankruptcy, the leading provider of bankruptcy filing data in the United States. Overall business filings were down 4% in May 2022, with 1,738 filings down…

Embattled San Antonio attorney Chris Pettit and his law firm, accused of defrauding clients of millions of dollars, have filed for bankruptcy protection.Pettit listed assets of nearly $27.8 million and debts of $115.2 million in his Chapter…

The legal dispute between 50 Cent and Young Buck continues as 50 claims Buck posted work that was in breach of his contract before and after he filed for bankruptcy in January 2020.According to legal documents obtained by AllHipHop, 50's…

GT Real Estate Holdings, the billionaire owner of the David Tepper company created for the Carolina Panthers Rock Hill headquarters project, owes nearly $50 million to various entities involved in the work, according to bankruptcy…

Panthers owner David Tepper's real estate company, GT Real Estate Holdings LLC, has filed for Chapter 11 bankruptcy, according to a report by Joseph Person and Daniel Kaplan of Athleticism.According to the report, Tepper's!-->…

June 02, 2022 Shulman Rogers…

Paul Grewal, Chief Legal Officer of Coinbase, terminated the company's latest 10q, which included disturbing language regarding the management of customer funds in the event of bankruptcy. Grewal stated that a bankruptcy…

CHARLOTTE, N.C. (WBTV) — The real estate company of billionaire Carolina Panthers owner David Tepper, GT Real Estate Holdings, LLC, filed for bankruptcy in Delaware on Wednesday night.GT Real Estate Holdings, LLC was formed in September…

If you've ever ordered motorcycle parts online, chances are you're familiar with US-based BikeBandit. What you may not know is that the online retail pioneer is currently undergoing bankruptcy proceedings and serious and troubling…

June 01, 2022 Basgul Lawyers…

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