Bankruptcy

TAMPA, Fla. (WFLA) – James Staten, owner of the now-closed Olympus Pools, and his wife Alexis, filed for Chapter 11 bankruptcy this week. The case gave a glimpse into the couple’s and the company’s debt, accused of collecting payments for hundreds of pools he couldn’t complete. Defunct Olympus Pools threatens to sue over 100 clients …

CEOs who receive bonuses while their companies are on the verge of bankruptcy have drawn the ire of members of Congress who say the payments are unfair to shareholders who can be left with nothing when a company becomes insolvent. The Government Accountability Office recommends that Congress consider amending the bankruptcy code to clearly define …

By Elise Hansen (October 6, 2021, 5:25 p.m. EDT) – A beleaguered former executive at bankrupt cryptocurrency firm Cred has opposed efforts by the Office of the Trustee to block his release from bankruptcy, saying he had been a scapegoat and subjected to a “criminal prosecution by proxy”. James Alexander, former capital manager at Cred …

Markel CATCo Investment Management, the run-off reinsurance reinsurance manager of insurance-related securities funds (ILS), faces Chapter 15 bankruptcy proceedings, with deposits made to states United who also disclosed the Danish pension fund investor PKA A / S as a major holder.Chapter 15 bankruptcy proceedings typically involve a foreign entity that affects US financial interests or …

The number of new bankruptcies was mixed in September with 30,907 new filings, down 4% from 32,263 filings in August. According to a Press release of Epiq, a technology intelligence provider for the legal services industry and businesses, the data comes from the September 2021 bankruptcy statistics of its AACER Bankruptcy Information Services Business. According …

06:3805 Oct Mike postle continues his fight to prevent a bankruptcy order become a reality as Veronique Brill and Todd witteles push to recoup their legal fees spent on the case. Postle owes the pair around $ 55,000 and has so far pulled all the stuff out of the book to avoid paying. Stable Last …

The 2021 water year ends September 30, and it was another hot and dry year in the western United States, with almost the whole region in drought. Vital reservoirs for farms, communities and hydroelectricity have fallen to dangerous levels. The biggest blow came in August, when the U.S. government released its very first declaration of …

HOUSTON, October 01, 2021– (COMMERCIAL THREAD) – Ranger Energy Services, Inc. (NYSE: RNGR) has completed the previously announced acquisition of certain assets of Basic Energy Services, Inc. and its subsidiaries through its controlled subsidiary Ranger Energy Acquisition, LLC. The assets were sold by Basic as part of its bankruptcy process. The asset purchase agreement was …

After the financial wear and tear of a pandemic lasting more than 18 months, one would expect bankruptcy filings to pile up. But that’s not the case, says attorney Richard Cook of Cape Fear Debt Relief. “Bankruptcy filings are still at levels almost never seen before,” he said in September. “The US courts last month …

The 2021 water year ends September 30, and it was another hot and dry year in the western United States, with almost the whole region in drought. Vital reservoirs for farms, communities and hydroelectricity have fallen to dangerous levels. The biggest blow came in August, when the U.S. government released its very first declaration of …