Marine fund

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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".…

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…

United States: Moving Up: Bankruptcy Code Dollar Amounts Will Increase April 1, 2022…

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…

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…