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Correo Argentino: They ask for the bankruptcy declaration to be confirmed

The prosecutor Gabriela Boquín denounced that the Correo Argentino, of the Macri family, committed fraud during the 20 years that the creditors’ contest lasted and that allowed him to dodge until today the payment of his millionaire debt. For this and other reasons, she asked the Chamber of Commerce to …

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The Cultural Bankruptcy of “Cultural Appropriation”

Man Ray self portrait by James A. Bacon Yesterday my son and I visited the Man Ray exhibit at the Virginia Museum of fine Arts. Man Ray was the Annie Liebowitz of his day, photographing the celebrated poets, painters, novelists, singers, dancers, and composers of Paris in the 1920s, a …

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Thomas Cornish Obituary (1944 – 2022) – Okmulgee, OK

Thomas Robert Cornish Thomas Robert Cornish, retired United States Bankruptcy Judge for the Eastern District of Oklahoma, passed away on February 2, 2022. Tom served the Tenth Circuit with distinction from 1994 until his retirement on September 1, 2021. He leaves behind family who love him, friends who treasure him, …

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A Wave of Bankruptcies and Foreclosures Appears to be Building

Economists and professionals in the restructuring sector of business and real estate have been anticipating a distressed economy for the past 18 months.  Thus far they have been wrong. The public is just plain confused.  Many people today don’t trust their politicians, their news sources and, surprisingly, not even their …

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Killilea denied new trial in long-running bankruptcy case

A US judge this week denied the request of Gayle Killilea, ex-wife of former property developer Sean Dunne, for a new trial and ordered her to provide sufficient assets to pay what with interest has ballooned to a €19.4 million judgment from the couple’s 2019 American bankruptcy trial. US district …

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Judge delays start of Boy Scouts bankruptcy plan hearing

DOVER, Del. (AP) — The judge presiding over the Boy Scouts of America bankruptcy has delayed the start of a trial to determine whether the BSA’s reorganization plan should be confirmed after an agreement with the official committee representing more than 80,000 men who say they were molested as children …

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Will Discharging Student Loans In Bankruptcy Get Easier? Biden Administration Sends Mixed Messages

WASHINGTON, DC – JANUARY 20: U.S. Secretary of Education Miguel Cardona speaks during the 90th … [+] Winter Meeting of USCM on January 20, 2022 in Washington, DC. (Photo by Alex Wong/Getty Images) Getty Images Student loan borrowers hoping to have an easier path to student loan discharge through bankruptcy …

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Puerto Rico has a plan to recover from bankruptcy — but the deal won’t ease people’s daily struggles

Puerto Rico’s bankruptcy problem is complicated — but the various ways the crisis hurts most Puerto Ricans is unmistakable. Since Puerto Rico declared bankruptcy in 2017, it’s become harder for people to decide where they can afford to live and where their children can enroll in school. The island declared …

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What Is It? – Forbes Advisor

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. In a bankruptcy case, bankruptcy discharge means a judge has declared that you’re no longer responsible for paying debts. It’s a permanent action that affects some, but not all, …

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Why Do International Airlines File For Chapter 11 Bankruptcy In The US?

Chapter 11 of the United States Bankruptcy Code which is often referred to simply Chapter 11, Bankruptcy Cost allows a company to refinance its debts. In the end, the business is provided with a fresh start after the submission of a restructuring plan that is negotiated between all major parties, which …

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The trouble with U.S. bankruptcy laws

Not long ago, at malls and strip centers across Illinois, shoppers could count on finding Dress Barns, Lane Bryants, Ann Taylors, Justices and other apparel stores run by Ascena Retail Group. Five years ago, the retailer operated nearly 5,000 brick-and-mortar locations catering to women, teens and tweens. As of 2020, …

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CFI head Orr says inflation pressures threaten more trucking bankruptcies

Inflationary pressures are increasing chances of another large bankruptcy cost —or perhaps more—in trucking this year, a top industry executive tells LM. Greg Orr, executive vice president of U.S. Truckload of Montreal-based TFI and president of CFI, a major truckload carrier, says he’s beginning to see effects of higher prices …

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Big Law’s Bankruptcy Boom Has Turned to Bust as Filings Dwindle

Welcome back to the Big Law Business column on the changing legal marketplace written by me, Roy Strom. Today, we look at how a boom-turned-bust in restructurings is impacting Big Law. Sign up to receive this column in your inbox on Thursday mornings. Big Law bankruptcy cost practices just finished …

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Press Release | Press Releases | Newsroom

02.10.22 The letter follows a report finding that private student loan companies intentionally misrepresented students’ rights WASHINGTON – U.S. Senate Majority Whip Dick Durbin (D-IL) and U.S. Senator Sherrod Brown (D-OH) today led six colleagues in writing a letter to the Consumer Financial Protection Bureau (CFPB) to express their concerns, …

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Popular Houston Meal-Prep Service Resurfaces Years After Bankruptcy and Sudden Disappearance

MORE THAN FIFTEEN years ago, Houstonian Mario Mendias founded a healthy prepared-meals service called My Fit Foods, which soon became a household name among busy young professionals and fitness gurus on-the-go. But in 2017, led by then-new CEO David Goronkin — who took over the company for a brief stint …

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Civil Contempt and the Bankruptcy Court’s Authority To Incarcerate the Recalcitrant Contemnor

An important recent decision that merits discussion is In the Matter of Kossoff PLLC, 2021 WL 5492186 (Bankr. S.D.N.Y. 2021), because it discusses whether a bankruptcy court has the authority to incarcerate a person who has committed civil contempt. In Kossoff, an involuntary bankruptcy cost petition was filed against a …

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Owner of fire-damaged community center files for bankruptcy, halting sheriff’s sale

The planned sheriff’s sale of a fire-damaged community center in South Jersey has been scrubbed because of a bankruptcy filing. The United Way of Salem County, which owns the John B. Campbell Community Center in Salem City, filed for Chapter 11 bankruptcy this week, halting the sale, which was planned …

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Purdue Pharma bankruptcy mediator says Sacklers, US states closer to deal over opioid claims

Feb 8 (Reuters) – A mediator reported on Tuesday that members of the Sackler family that own Purdue Pharma and U.S. states opposed to the OxyContin-maker’s bankruptcy exit plan are “even closer” to a settlement over claims that the company fueled a U.S. opioid epidemic. The mediator asked a bankruptcy …

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Farm Bankruptcies Down Dramatically 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 U.S. Courts, Chapter 12 bankruptcy filings were down an incredible 50% in 2021. The number of Chapter 12 filings in 2021 is the lowest in the last …

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Erika Jayne’s Company EJ Global Suspended Amid Bankruptcy Proceedings

Erika Jayne’s legal problems continue. The Real Housewives of Beverly Hills star is busy filming, but the courts are busy with cases against her. A major case against her and estranged husband Tom Girardi was recently dismissed. Erika celebrated the win on social media but it was short lived. It …

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