bankruptcy court

There is no way to approach the topic of personal bankruptcy without first addressing the basics. If you are considering bankruptcy as a solution to your financial problems, it can be helpful to understand what it involves and how it works. Bankruptcy is the process of paying off your debts under Chapter 7 or Chapter …

DOVER, Del. (AP) — More than two years after the Boy Scouts of America filed for bankruptcy protection amid a spate of child sex abuse allegations, a judge will determine whether to confirm its proposed reorganization plan in a trial beginning Monday. The trial in U.S. bankruptcy court in Delaware is expected to drag on …

Acorn Sign Graphics headquarters at 4109 W. Clay St. (BizSense File) Partly because of what he says is a dispute with one of his biggest customers, a local sign company has closed and gone bankrupt. Acorn Sign Graphics filed for Chapter 7 liquidation on Wednesday and ceased operations. “While recovering from COVID and supply chain …

A year after a historic winter storm left millions of Texans without power for days, the state’s largest electric cooperative is expected to open its case in federal bankruptcy court in Houston on Tuesday, saying it was overcharged hundreds of millions of dollars by the Texas network manager. Waco-based Brazos Electric which serves 1.5 million …

The Cushman Watt Scout Center, headquarters of the Boy Scouts of America for the Los Angeles Area Council, is pictured in Los Angeles, California October 18, 2012. REUTERS/Fred Prouser Join now for FREE unlimited access to Reuters.com Register The names of companies and law firms listed above are auto-generated based on the text of the …

[ad_1] Automatic stay is a procedural tool in a bankruptcy case that effectively stops the efforts of creditors to collect unpaid obligations from a debtor. As we saw in more detail in our previous article, immediately after filing a bankruptcy claim, an “bankruptcy asset” is created which includes virtually all of the debtor’s assets. When …

[ad_1] A lawyer for the Diocese of Norwich told a federal bankruptcy court judge on Wednesday that he plans to file a draft bankruptcy plan by April 1 to resolve the claims of at least 70 people who say they have been assaulted sexually by priests and employees affiliated with the diocese. During the remote …

[ad_1] Urban Commons founder Taylor Woods, who is the subject of multiple fraud lawsuits over his financial transactions, swallowed tears on the witness stand as he explained that he was forced to sell his family home in Laguna Beach and now owed millions of dollars to old friends, investors, former employees and business partners. “For …

[ad_1] A U.S. judge in the Western Pennsylvania Bankruptcy Court wants to know if the new owner of Conneaut Lake Park may have breached his purchase contract. In March, Keldon Holdings LLC purchased Conneaut Lake Park from the Conneaut Lake Park trustees for $ 1.2 million in US bankruptcy court-approved proceedings before Judge Jeffery Deller. …

[ad_1] 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 …

[ad_1] Trucking lender and factoring company Instapay, alongside its parent company Flexible financing, has filed for Chapter 11 bankruptcy protection, according to court records filed with the North Texas Bankruptcy Court in Fort Worth. Flexible, headquartered in San Francisco, offers asset-based lending in the recruiting industry, while Instapay focuses on the transportation industry. Flexible’s loan …

[ad_1] A bottle of Johnson and Johnson Baby Powder is seen in an illustrative photo taken in New York City. REUTERS / Mike Segar J&J says votes were improperly traded after deadline Group of personal injury claimants defend voting changes Votes are the key to the reorganization of Imerys Talc The company and law firm …

[ad_1] Rutland’s TJ and Kendra Henrickson lost their $ 30,000 wedding deposit last year when Bolton’s International Golf Club & Resort closed and declared bankruptcy. Finally, more than a year after the club filed Chapter 11 in the U.S. District of Massachusetts Bankruptcy Court in May 2020, the family’s attorney received a check from the …

[ad_1] the News-Press regularly publishes filings with the US Bankruptcy Court for the Western District of Missouri, based in Kansas City, Missouri, and the US Bankruptcy Court for the District of Kansas, based in Kansas City, Kansas. Today’s list covers July 3-9. Applicants can apply for protection under Chapter 7 (liquidation of assets); Chapter 11 …

[ad_1] Everyone is probably familiar with The Weinstein Company Chapter 11 bankruptcy (“TWC“), a former film and production studio that previously produced and distributed feature films and premium television content internationally. March 19, 2018 (the”Date of petition“), TWC was forced to file for bankruptcy following numerous malpractice claims against its co-founder, Harvey Weinstein, which disrupted …

[ad_1] Overview In a recent decision, In re Live Primary, LLC, 626 BR 171, 178 (Bankr. SDNY 2021), the Bankruptcy Court for the Southern District of New York has estimated that a debt of $ 6 million resulting from alleged loans to a debtor of one of its members should be requalified as participation. Although …

[ad_1] Have a good day. Lordstown Motors tried to reassure the markets after the departure of two senior executives. The Education Department forgave more loans to former students of the ITT Technical Institute, which closed and filed for bankruptcy in 2016. And a Long Island retiree community has filed for bankruptcy for the second time, …

[ad_1] June 13, 21 by John Jeffay (IDEX online) – Alex and Ani, the American start-up that has grown into a billion dollar empire on sales of spiritual and charm bracelets, has filed for bankruptcy (Chapter 11). The global pandemic has sealed its fate after payment defaults, declining sales, lawsuits, internal disputes and months of …

[ad_1] The move means Long Beach will have full control of the vessel and will be responsible for deciding how much to invest in critical repairs to the aging vessel. An inspection report in April determined the ship would need at least $ 23 million in critical repairs to remain viable over the next two …

[ad_1] introduction In a recent decision, Bath Iron Works Corp. vs. Congoleum Corp. (In re Congoleum Corp.), 2021 Bankr. LEXIS 10, 2021 WL 28396 (Bankr. DNJ January 4, 2021), the New Jersey District Bankruptcy Court dismissed a petition from Congoleum Corporation (the “Debtor”) for approval under Bankruptcy Rule 9019 of an agreement settlement, (the “Settlement”) …

[ad_1] In a recent case, a bankruptcy court had to consider whether to allow a debtor in a Chapter 13 plan to make voluntary contributions to her pension plan. This is an interesting and important question, especially for retirement planning and retirement preparation. Indeed, saving in an employer-sponsored retirement plan with the attendant benefits – …

[ad_1] Atlanta Bankruptcy Associates is a leading bankruptcy law firm. Their goal is to provide professional legal representation as well as the personal support and attention clients deserve. In addition, they venture to help people make an informed decision regarding their financial situation. That’s why, in the last update, they posted some tips for choosing …

[ad_1] File photo: Bottles of the prescription pain reliever OxyContin, 40 mg tablets, manufactured by Purdue Pharma LD, sit on a shelf at a local pharmacy in Provo, Utah, U.S. April 25, 2017. REUTERS / George Frey The Purdue Pharma bankruptcy judge on Thursday approved a deal whereby three law firms will lose $ 1 …