KILLINGWORTH, Conn. – As the financially-struggling Boy Scouts sell off a number of campgrounds, conservationists, government officials and others scramble to find ways to preserve them as open spaces. A $2.6 billion proposed bankruptcy settlement designed to pay thousands of victims of child sexual abuse added pressure on an organizationRead More →

By Oliver Darcy, CNN Business Three companies linked to far-right conspiracy theorist Alex Jones, including fringe media organization Infowars, are set to emerge from bankruptcy, according to a court document released Wednesday. In a widely maligned movement, Infowars, Prison Planet and Infowars Health filed for bankruptcy protection after Jones wasRead More →

It never rains until it rains. Just days after Socialist Senator Bernie Sanders, I-Vermont, convened a hearing on his proposal for a single-payer socialized medicine system, the Congressional Budget Office (CBO) released a report analyzing one of the left’s so-called “moderate” proposals to expand government-run health care: lowering the MedicareRead More →

Talen Energy tried to put its bankruptcy in the best possible light Thursday during a meeting with Montana lawmakers about what the company’s restructuring meant for Colstrip Power Plant. In a hearing that lasted about an hour, Debra L. Raggio, senior vice president of Talen, said bankruptcy was good forRead More →

Breadcrumb Links News Local News Local company Business “This is becoming a death sentence,” said Sentheepan Senthivel of Greens Organic and Natural Market on Broadway, who started a petition calling for relief payments as subway construction scares away customers. Manager/owner, Sentheepan Senthivel of independent grocer Greens at 1978 W. BroadwayRead More →

The United States Court of Appeals for the Fourth Circuit recently ruled that the “without reasonable doubt” standard established by the United States Supreme Court in Taggart vs. Lorenzena case involving an alleged violation of a Chapter 7 discharge order, governed civil contempt proceedings for violation of a reorganization planRead More →

A New York investor has quietly taken possession of a skyscraper in downtown Dallas. The 34-story 717 N. Harwood tower previously housed oil company Diamond Shamrock and the Dallas office of KPMG. Since 2014, the downtown skyscraper has belonged to an investment partnership led by Austin businessman Nate Paul’s WorldRead More →

April 18 (Reuters) – Far-right website InfoWars filed for Chapter 11 voluntary bankruptcy in U.S. Bankruptcy Court for the Southern District of Texas on Sunday in the face of multiple defamation lawsuits. Chapter 11 bankruptcy proceedings put a stop to all civil litigation and allow companies to prepare reorganization plansRead More →

Reliance Capital’s bankruptcy process is likely to be further delayed due to confusion in finalizing resolution plans for its subsidiaries, which are for-profit entities. In addition to being profitable, these subsidiaries are “well capitalized” and have appropriate management teams to manage their operations. Under the Insolvency and Bankruptcy Code (IBC),Read More →

Well-known publican and restaurateur Jay Bourke faces bankruptcy after his application for a Personal Insolvency Agreement (PIA) canceling a £12.2million debt was rejected by the High Court. he businessman, who at one time had interests in pubs and restaurants employing more than 1,000 people, has total debts of 13.7 millionRead More →

Ruby Pipeline LLC, backed by Kinder Morgan Inc., filed for Chapter 11 protection on Thursday to restructure its debt. The Houston-based gas pipeline company voluntarily filed for bankruptcy in US bankruptcy court in Wilmington, Del. Ruby, directly owned by Ruby Investment Company LLC, has listed assets and liabilities of upRead More →

By Rick Archer (March 10, 2022, 6:47 PM EST) — Bradley Arant Boult Cummings LLP announced Thursday that Christopher L. Hawkins, a partner in its Birmingham, Alabama office, has been appointed by the Eleventh Circuit Court to the Tribunal bankruptcies in the middle district of Alabama. Hawkins said in aRead More →

TORONTO, CANADA- TheNewswire – February 28, 2022 – On February 25, 2022, ONEnergy Inc. (“ONEnergy” or the “Company”) (NEX:OEG.H), (TSXV: OEG.H), stated that its wholly-owned subsidiary, Sunwave Gas & Power Inc. (“Sunwave Canada”), has filed an assignment in bankruptcy pursuant to the Bankruptcy and Insolvency Law (“LFI”) and that A.Read More →

A former administrator of Hidalgo County EMS took nearly $195,000 from the struggling company, according to documents filed in federal bankruptcy court. Edgar Diaz — a director of Hidalgo County EMS, a private ambulance company that filed for bankruptcy and closed last year — admitted in a settlement agreement thatRead More →

Is the era of mega-malls coming to an end? At the American Dream mall in New Jersey, that may be the case. The 3.5 million square foot retail and entertainment complex in East Rutherford is nearly $290 million in debt and has used some of its last reserves to makeRead More →

A recent decision applied the normal course of trade defense to a preferential transfer request where the parties had only made two transactions. In re Reagor Dykes Motors, LP, Case No. 18-50214, Adv. No. 20-05031, 2022 LEXIS 70 (Bankr. ND Tex. Jan. 11, 2022). The court took a hands-on approachRead More →

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 nearly 400 survivors of child sexual abuse. The archdiocese and plaintiffs alleging abuse by priests andRead More →

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 not repay its creditors. Since Puerto Rico went bankrupt, its economic crisisRead More →

in All News / By: BVI News on Jan 17, 2022 6:02 AM / Claude Skelton Cline Political commentator and clergyman, Rev. Claude Skelton Cline argued that people in the BVI live on a paycheck and an emergency of bankruptcy. Appearing on his Honestly Speaking radio show recently, Skelton ClineRead More →

09:35Jan 12, 2019 Mike postlethe involuntary bankruptcy case was dismissed after a confidential settlement was reached with Véronique Brill and Todd witteles, ending the long legal saga. Brill and Witteles started bankruptcy proceedings after alleged Postle fraud failed to pay more than $ 50,000 in legal fees after the pairRead More →

In April 2020, the federal government and other jurisdictions announced moratoriums on rental property evictions, but offered no financial assistance to unpaid landlords. Since then, many owners have rightly complained: “What about us? Then, just before Christmas, the 2021 Consolidated Finance Law (CAA 2021) was enacted, with several bankruptcy amendmentsRead More →

How the courts interpret a little-known bankruptcy code provision is likely to make a big difference to small, bankrupt businesses seeking paycheck protection program loans. Bankrupt companies have asked the courts for help accessing stimulus funds following the Small Business Administration’s decision to block companies’ Chapter 11 claims. Whether bankruptcyRead More →

The recent rise in commodity prices and the ad hoc financial support underway to offset natural disasters, tariff retaliation and coronavirus-related damage have come a bit too late for some farmers in the United States, that is, to say Agricultural profitability 2020: a false positive. The impact of several yearsRead More →