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Another New York District Court Widens The Bankruptcy Code’s Securities Contract Safe Harbor – Insolvency/Bankruptcy/Re-structuring

In 2019, the U.S. Court of Appeals for the Second Circuit made headlines when it ruled that creditors’ state law fraudulent transfer claims arising from the 2007 leveraged buyout (“LBO”) of Tribune Co. (“Tribune”) were preempted by the safe harbor for certain securities, commodity, or forward contract payments set forth …

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Florida Bankruptcy Court Defers To Brazilian Court In Dismissing Chapter 15 Adversary Proceeding – Insolvency/Bankruptcy/Re-structuring

The foundation of chapter 15 of the Bankruptcy Code and similar legislation enacted by other countries to govern cross-border bankruptcy cases is “comity” and cooperation among U.S. and foreign courts. The importance of these concepts was recently illustrated by a ruling handed down by the U.S. Bankruptcy Court for the …

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Southern District of New York Holds That Bankruptcy Court Lacks Statutory Authority to Approve Non-Consensual Third-Party Releases | Perspectives & Events

In a December 16, 2021, decision,1 Judge Colleen McMahon of the US District Court for the Southern District of New York reversed the bankruptcy court order confirming the Chapter 11 plan of Purdue Pharma, L.P. and its affiliated debtors, holding that the Bankruptcy Code did not authorize the plan’s non-consensual third-party …

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Lipsitz, Ponterio and Comerford LLC – What Bankruptcy Trusts Mean in Fighting a Mesothelioma Case

Mel spoke with Michael Ponterio, founding partner of Lipsitz, Ponterio and Comerford, LLC. There are many ways to get the compensation you are owed if you unfortunately have something like mesothelioma and bankruptcy trusts are just one of them. Michael Ponterio says that about 40 years ago, one of the …

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Government brings back plan to reduce bankruptcy terms to one year

Federal government plan to ease default bankruptcy conditions According to an expert on insolvency A federal government plan to cut default bankruptcy terms for Australia between three and one year would render the bankruptcy process “unnecessary”. More details on the consultation process can be found here: https://bankruptcyhq.com/guides/choosing-the-right-bankruptcy-attorney/ John Winter, chief …

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Fort Wayne moves to acquire new waste contractor

Red River could pick up trash for 4-6 more months Job : 1 Feb 2022 / 4:40 PM EST / Update: 1 Feb 2022 / 4:40 PM EST A recycling bin is shown along Rainer Pass in southwest Fort Wayne on Tuesday, Jan. 11, 2021. FORT WAYNE, Ind. (WANE) – …

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JPMorgan sells shale driller it salvaged from bankruptcy

world oil (Bloomberg) – JPMorgan Chase & Co. is selling Bighorn Permian Resources LLC, an oil and gas producer it took over in 2020 after the company failed to attract bidders during its bankruptcy on choosing the right bankruptcy attorney, to Earthstone Energy Inc. for $860 million. Source: Reuters Formerly …

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Bankruptcy Group of the Year: Norton Rose

By Adrian Cruz (February 1, 2022, 2:04 PM EST) – Norton Rose Fulbright represented dairy giant Dean Foods in its Chapter 11 bankruptcy and $500 million asset sale and advised creditors of the National Rifle Association in its bankruptcy, earning it a spot among Law360’s 2021 Bankruptcy Groups of the …

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Debtor’s attorney failed to mitigate the attorneys’ fees incurred for the violation of Section 362(k) by rejecting the settlement offer; Proceed to trial | Smith Debnam Narron Drake Saintsing & Myers, LLP

Section 362(k) of the United States Bankruptcy Code allows a person injured by a willful breach of the automatic stay to recover actual damages, including costs and attorneys’ fees, as well as punitive damages in appropriate circumstances. 11 USC § 362(k). A recent case from the United States Bankruptcy Court …

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Reasons to Hire a Bankruptcy Lawyer in Raleigh, NC

Bankruptcy is a somewhat sensitive subject. Filing for bankruptcy can be complex and filing should be carefully thought out and timed. For this, choosing the right bankruptcy attorney is vital. There are several reasons to hire a bankruptcy attorney in Raleigh, North Carolina. Raleigh, North Carolina – In a recent …

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The Trump donor has spent a lot and lived a lot. Now he is filing for bankruptcy for his business.

Between filings for bankruptcy, Richard Kofoed and his wife Stacy have paid more than $800,000 to Republicans. Getty In January 2020, serial entrepreneur Richard Kofoed filed for personal bankruptcy and decided on choosing the right bankruptcy attorney. When Covid-19 began to rage a few months later, he started a business …

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2022 begins with a new bankruptcy filing record in New Hampshire

41 granite staters applied for protection in January This year began where last year left off: a new modern record for the fewest bankruptcy filings in a month. Just 41 New Hampshire people filed for protection in January, breaking the previous record of four, and that was set in December. …

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Can I declare bankruptcy more than once in California?

Yes. If you have filed for bankruptcy protection in the past, in California you can file for bankruptcy again. However, there are time restrictions between filings that are different depending on the type of bankruptcy you filed before and the type of bankruptcy you need to file now. So, in …

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Bankruptcy scam sends Florida paralegal to jail

A Florida paralegal will spend 15 months in federal prison for his role in a scheme in choosing the right bankruptcy attorney to file false declarations of bankruptcy on homes to prevent mortgagees from foreclosing on them. Eric Liebman, 34, of Tampa, Florida, was sentenced last week in a US …

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Türkgücü München files for bankruptcy

By Jamie Allen It is a sad day for everyone involved in Türkgücü. 3. La Liga side Türkgücü München have filed for bankruptcy and decided on choosing the right bankruptcy attorney to now face a nine-point reduction. Currently in the relegation zone and struggling for league status, the news makes …

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Weekly Recap: Glossier lays off workers, BH Cosmetics files for bankruptcy and more

Here’s your weekly recap: the most viewed stories on our site for the week ending January 29, 2022. The past week has been filled with disappointment and tragedy in the beauty industry. The biggest story was the news that beauty brand Glossier is laying off more than 80 employees, about …

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Amitabh Bachchan shares video of Abhishek talking about their bankruptcy, how they bounced back: “This is how we do it…”

Actor Amitabh Bachchan has shown his pride in his son Abhishek Bachchan after politician Milind Deora congratulated him in a tweet. Deora had taken to Twitter and shared an interview with Abhishekwhere he had spoken of the difficult period of his life when their family was bankrupt, and how he …

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Allentown Attorney Charles Laputka Explains Pennsylvania Chapter 7 Bankruptcy

Law Firms Laputka Charles Laputka on the cover of Attorney magazine Charles Laputka law firm In Chapter 7 Personal Bankruptcy, debtors clear their debts and have a fresh start. Alimony, child support, fraud debts and some items cannot be discharged. Chapter 7 bankruptcy helps nearly one million people a year …

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$50 billion in student loans could be eligible for bankruptcy

$50 billion in student loans? Getty Here is a shocking statistic: $50 billion student loans could qualify for bankruptcy. Here’s what you need to know — and what it means for your student loans. Student loans A new report of the Center for the Protection of Student Borrowers found that: …

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