Browsing Category
Marine fund
Civil contempt and the power of the bankruptcy court to incarcerate the recalcitrant contemptuous
An important recent decision worth discussing is In the matter of Kossoff LLC, 2021 WL 5492186 (Bankr. SDNY 2021), as it examines whether a bankruptcy court has the power to incarcerate someone who has committed civil contempt. In…
Romanian court opens bankruptcy proceedings against City Insurance
BUCHAREST (Romania), February 9 (SeeNews) - The Bucharest court has admitted a request by the country's financial regulator ASF to open bankruptcy proceedings against the main Romanian insurer City Insurance, the court announced on…
Owner of fire-damaged community center files for bankruptcy, ends sheriff’s sale
The sheriff's planned sale of a fire-damaged community center in South Jersey has been canceled due to a bankruptcy filing.
United Way of Salem County, which owns the John B. Campbell Community Center in Salem City, filed for chapter 7 v.…
Plan Support Covenants survives attack in Aeromexico bankruptcy proceedings
Earlier this year, Mexican airline Grupo Aeromexico, SAB de CV (along with its affiliates, the “Debtors”) announced that their creditor body had voted overwhelmingly to approve their proposed Chapter 11 restructuring plan ( the “Plan”)…
Purdue Pharma bankruptcy mediator says Sacklers and US states are moving closer to settlement over…
Feb 8 (Reuters) - A mediator reported on Tuesday that members of the Sackler family who own Purdue Pharma and U.S. states opposed to the OxyContin maker's bankruptcy exit plan are "even closer" to a settlement over allegations that the…
San Antonio, OK, bankruptcy judge pays former football league players
Up to 480 former Alliance of American Football players will receive unpaid wages as part of a legal settlement approved by a San Antonio bankruptcy judge on Tuesday.The players will each receive $13,650 - before attorneys' fees - in…
Delaware Bankruptcy Court Issues Key New Refund Bonus Ruling: Language Matters! | Hogan Lovells
Loan agreements and debentures often prohibit a borrower or issuer from prepaying a loan or obligation before its stated maturity without paying a "clearing premium" or "redemption premium", which is a sum of money, paid in addition…
Farm bankruptcies fell significantly in 2021
What a difference a year can make. After a near-record number of Chapter 12 farm bankruptcy filings in 2020, according to data from the US courts, Chapter 12 bankruptcy filings fell 50% in 2021. The number of…
Bankruptcy judge orders stations back to Ed Stolz
A federal bankruptcy judge ordered Receiver Larry Patrick to turn over 92.7 KREV Alameda/San Francisco, 97.7 KRCK-FM Mecca/Palm Springs, and 104.3 KFRH North Las Vegas to companies controlled by Royce International Broadcasting of Ed…
10 retailers to watch for bankruptcy filing in 2022 | Stark & Stark
The last half of 2021 has been practically a ghost town for filing retail bankruptcies. However, the rise of the Omicron variant has significantly delayed a full return to normal for malls. The good news is that the vaccines are…
Sabaton Singer: “It will take the threat of prison or bankruptcy to stop us from…
Swedish steelworkers SABATON were recently forced to postpone their European arena tour, which was scheduled to take place in March/April 2022, "due to continued COVID-19 pandemic restrictions on live events and global travel".…
San Antonio oil and gas company goes bankrupt amid highest oil prices in more than 7 years
Oil prices hit their highest level in more than seven years last week, but that hasn't stopped a San Antonio oil and gas company from filing for bankruptcy protection.Active resources, formed in 2003, filed a Chapter 11 bankruptcy…
Progression: Bankruptcy Code dollar amounts will increase on April 1, 2022 –…
United States: Moving Up: Bankruptcy Code Dollar Amounts Will Increase April 1, 2022
…
Bankruptcy watchdog challenges legal shield in Boy Scouts abuse deal
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. The Boy Scouts of America, acting by court order, released thousands of…
Wisconsin lawyer owes disciplinary action despite bankruptcy
An attorney's unpaid penalty for disciplinary charges is not dischargeable in bankruptcy because it is a 'penalty' paid to the state, the Seventh Circuit said Monday, confirming its obligation to pay about $12 $000 before he can be…