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United States: Increased debt limit of $7.5 million for small business debtors may become permanent …

Running a small business can have its perks, even though it's often an all-consuming endeavor. The owner often has to wear many hats - being a marketer, a manager, and yes, including the often most dreaded role of all - managing…

REUTERS/Dado Ruvic/IllustrationJoin now for FREE unlimited access to Reuters.comRegisterSummaryLaw firmsRelated documentsBankrupt Vermont hospital not eligible for pandemic aid, court rulesGrants, not loans, protected by bankruptcy…

Puerto Rico's government officially emerges from bankruptcy after completing the largest public debt restructuring in U.S. history after announcing nearly seven years ago that it was unable to pay its debt by more of $70 billion.By…

LoadingCourt documents reveal the owners of the Kinkora Road property, Anne and Grant Brown, have been involved in a bitter and costly legal bid to collect the debt for the past 18 months.Despite a debt settlement directive by Victoria…

Detroit's historic bankruptcy will be in the spotlight on the opening night of this year's Freep Film Festival.“Gradually, Then Suddenly: The Bankruptcy of Detroit” will premiere to the public on April 27 at the Detroit Film Theater at the…

The new agreement, reached earlier this month after eight states and the District of Columbia finally appealed a previous agreement, does not protect the Sackler families from future liability related to the opioid crisis.“No settlement…

Since 2014, the law firm New Bedford has been helping rebuild credit after bankruptcy. The company helps clients get their finances and financial lives back on track. Benner & Weinkauf, PC - New Bedford Law Firm is proud to announce…

CROYDON IN CRISIS: The CEO of the £192,000 council has told a local government magazine she has a solution to the latest financial crisis: more borrowing. By STEVEN DOWNES The Borrower: Council CEO Katherine Kerswell believes there…

One of Iowa's largest nursing home chains, now mired in bankruptcy, owes taxpayers more than $1 million in unpaid fines over poor quality resident care, according to the federal government. QHC…

United States: New York Federal Court Upholds Bankruptcy Court Fraudulent Transfer Finding for Tax Sale Foreclosure …

STephanie and Troy Lubinski met when they were teenagers and they were married for three decades. Troy was big-hearted, kind, the best fisherman around, a devoted father who took care of the children during the day after long night shifts…

SAN JUAN, Puerto Rico (AP) — Puerto Rico's government and a federal board of control overseeing the island's finances disagreed on Friday on how the U.S. territory should emerge from a long and protracted bankruptcy. controversial.The two…

Over the past two years, the number of bankruptcies filed has fluctuated mainly due to the circumstances created by the pandemic. Organizations across all sectors were unprepared for such a crisis and scrambled to mitigate the financial…

NEW YORK, Feb. 21 28, 2022 (GLOBE NEWSWIRE) -- A flurry of senior health care facility bankruptcy filings shaped the United States' economic distress in the fourth quarter of 2021, which is detailed in the latest Polsinelli-TrBK Reportage…

Saturday February 19, 2022 1:20 p.m. Transport for London (TfL) may have to declare bankruptcy if the government does not say whether it will cough up new funds in the coming days, the!-->…

Friday, February 18, 2022 GoLocalProv News Team View larger + The Rhode Island House of Representatives on Thursday approved legislation allowing those who file for bankruptcy to keep $500 of their personal savings. The bill is…

Oslo Norway SAS Boeing 737 SAS collapses on the stock exchange after an analysis by the Norwegian bank DNB. According to the analysis, SAS must undergo a corporate reorganization to avoid bankruptcy. SAS's share fell 20% on Wednesday.…

DETROIT (WXYZ) — From welfare to Walmart is the mantra of a Detroit woman who clawed her way back from bankruptcy to become a successful business owner.It's an unlikely road that she likes to share as an inspiration to other African…

Thomas Robert CornishThomas Robert Cornish, retired United States Bankruptcy Judge for the Eastern District of Oklahoma, died February 2, 2022. Tom served the Tenth Circuit with distinction from 1994 until his retirement September 1, 2021.…

The Heritage Trail West project will experience delays to its completion date as the Town of Round Rock seeks a new contractor to undertake the project. (Rendered courtesy of the City of Round Rock) The Heritage Trail West project will…

SSince its inception in the Bohai Steel Group bankruptcy reorganization case in 2016, the trust mechanism has regularly appeared in high-profile bankruptcy reorganizations such as those of Tewoo Group, Founder Group and HNA…

United States: Progression: Bankruptcy Code dollar amounts will increase on April 1, 2022 …

Last month, a federal judge approved the largest debt restructuring plan ever reported in the United States, paving the way for an end to Puerto Rico's long and painful bankruptcy process.The plan — capping a years-long debate between…

BRIDGEPORT — The former president of a Milford strip club told a judge that an $87,000 check he cashed from a notorious mobster months before declaring bankruptcy was a “red herring which does not require further investigation.But the judge…

If you or someone you know is in financial deep waters and struggling to cope, just remember that the longer you ignore your debts, the worse it will get. Whether the situation is due to injury or illness (family or personal), work issues…

Bankruptcy is a somewhat sensitive subject. Filing for bankruptcy can be complex and filing should be carefully thought out and timed. For this, working with a bankruptcy lawyer is vital. There are several reasons to hire a bankruptcy…

COVID-19 is not yet done with the restaurant industry. Two years after the start of the pandemic, many American restaurant chains continue to struggle, faced with decrease of sales on the one hand and the rapid…

Laputka Law Office LLC; Alimony, child support, fraud debts, certain taxes, and certain billed items cannot be discharged in a Chapter 7 bankruptcy. (see Pennsylvania Exemptions) In the vast majority of cases, people who file the balance…

SAN JUAN, Puerto Rico (AP) — Wage increases for teachers, firefighters, police officers and other employees were included in a revised tax plan approved Thursday that will serve as Puerto Rico's economic model as it emerges from…

Tuesday, January 25, 2022 This blog entry will be the first in a new series of ongoing entries in "Bankruptcy Protector" that will attempt to acquaint…

The fallout from a massive fraud scheme by Marin's investment managers resulted in the sale of $436.5 million worth of North Bay properties. The sale involved 60 sites formerly controlled by Professional Financial Investors Inc. and its…

Copyright © 2022 Albuquerque Journal As the Archdiocese of Santa Fe's bankruptcy reorganization enters its fourth year without resolution, pressure mounts for church insurance companies to pay a larger share of the payout to…

Far-right activist Tommy Robinson is being sued for around £2million by creditors after he declared bankruptcy in a High Court libel trial.English Defense League founder, real name Stephen Christopher Yaxley-Lennon, declared himself…

MIAMI — Puerto Rico on Tuesday received approval from a federal judge to emerge from bankruptcy in the largest public sector debt restructuring deal in U.S. history, nearly five years after the financially troubled territory said it could…

In one historical criminal case, Former Rochester Drug Cooperative chief executive Laurence Doud III is due to stand trial this week over allegations that he and his company were major players in a deadly opioid pipeline.A wholesale…

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…

The onset of a global health pandemic seemed to bode well for companies in the right sector, like disinfectant wipes maker Gilbert GPMI Company, but things didn't go as planned. After a major expansion deal with an Israeli industrial…

The SEADRILL 3. REUTERS / Luis Enrique Ascui / FilesRegister now for FREE and unlimited access to Reuters.comRegisterRestructuring involves Mexican platformsNoteholders take control of the Seadrill unitThe names of companies and law firms…

The U.S. Bankruptcy Code provides relief to debtors to maximize value for the benefit of their creditors and other stakeholders. Such relief is extremely limited when debtors are state-legalized marijuana businesses, as they are denied…

The fall of Enron, then ranked seventh in the United States, affected thousands of employees and rocked Wall Street. File photo of the entrance to the head office of Houston-based energy trader Enron at 1400 Smith in downtown Houston,…

Chapter 11 debtor's financial information What is the best way to present an Chapter 11 debtor's financial information be presented to bankruptcy courts to give the best impression? In order to provide the court with an accurate…

A logo of the aviation company Avianca is pictured in the headquarters building in Bogota, Colombia on August 29, 2019. REUTERS / Luisa Gonzalez Register now for FREE and unlimited access to reuters.com Register BOGOTA, December…

So we're doing this all over again, huh? About two months ago a Twitter user published screenshots from a 2013 email that SpaceX CEO Elon Musk sent to employees, in which he explained why he wanted to keep SpaceX private. Then, the…

United States: What we're reading this week 01 December 2021 Mayer brown To print this article, simply register or connect to Mondaq.com. Los Angeles Business Journal reports on the expected increase on how to file…

(JTA) - Shoe entrepreneur Stuart Weitzman came to the rescue of the financially struggling National Museum of American Jewish History in Philadelphia. The museum had accumulated $ 30 million in construction debt and lost ownership!-->…

Photo (c) ermingut - Getty Images With how to file bankruptcy and liquidation behind it, Toys "R" Us is hoping to open its first returning store - a 20,000-square-foot, two-level flagship location in the American Dream megacentre in…

During more than 30 years at the Thompson Coburn Hahn & Hessen New York law firm, Mark Indelicato has studied both on how to file bankruptcy and rebuilding of dozens of retail chains. As legal advisor to the official Unsecured…

Before, we had the XFL, USFL, FCF, and the Spring League; we had the American Football Alliance (AAF). It was the first spring league in a long time that looked promising. Sadly, he suffered the same fate as many of his predecessors…

JEFF BJORK Partner; Global Vice President of Restructuring and Special Situations Latham and Watkins As a partner in the Los Angeles office of Latham & Watkins and global vice president of Restructuring and Special Situations…

Valley Hospice of Arizona, Inc., recently deposit for bankruptcy protection against at least $ 2.49 million owed to more than 70 creditors. The bankruptcy petition was filed under subchapter V of Chapter 11, stating that the hospice…

If SpaceX is really considering potential bankruptcy, at least this wouldn't be the first time. On Tuesday, CNBC obtained a copy of a letter that SpaceX CEO Elon Musk sent to his employees the day after Thanksgiving, in which the…

LONG LAKE - A New Jersey Scout Council is selling the Sabattis Adventure Camp in Long Lake, but leaders of the Sabattis Group, an organization that supports the camp, say Scouts will be able to continue…

Judge Bruce A. Harwood approved its sale to Covenant Living last week, according to court documents. Despite the ruling, which still requires regulatory approval, the Hillside Village case is still pending in the U.S. District…

Related practices and jurisdictions Monday, November 29, 2021 A district court judge recently overturned and returned a well-known bankruptcy decision paying off a large student loan debt. In the Southern…

Oak Park Mall Oak Park Mall owner CBL & Associates Properties Inc. emerged from Chapter 11 bankruptcy earlier this month, wiping out about $ 1.7 billion in debt and senior bonds. “This puts CBL in a much!-->…

A logo of the Reserve Bank of India (RBI) can be seen at the door of its office in New Delhi, India on November 9, 2018. REUTERS / Altaf Hussain Register now for FREE and unlimited access to reuters.com Register BENGALURU, Nov.…

University of Maryland The Washington Post | The Washington Post | Getty Images Colleges across the country are in crisis. Fewer and fewer students have returned to school this year, resulting in undergraduate enrollment down…