Severino, who ran a transportation company called Elite Valet Systems, filed for Chapter 11 bankruptcy on Jan. 24, according to court records. He listed assets and liabilities each in the range of $1 million to $10 million. Severino gave more details in a reorganization plan filed in April. He offered Severino time to sell and …

An 81-year-old family-owned regional homeware chain filed for bankruptcy last month. On July 11, Altmeyer Home Stores voluntarily filed for Chapter 7 bankruptcy to wind down the company’s operations. The Delmont, Pa.-based bed and bath retailer listed $2.0 million in assets with liabilities of $791,791.50. The petition filed in a bankruptcy court for the Western …

Lawyers for sand hook parents who successfully sued donald trump ally Alex Jones as his relentless lies about the massacres blame him for now trying to use bankruptcy protection laws to avoid paying libel damages. “Just two days before the start of jury selection in Connecticut, Mr. Jones has once again fled like a coward …

AUSTIN, Texas (AP) — Conspiracy theorist Alex Jones’ media company, Free Speech Systems, filed for bankruptcy on Friday, but its attorney said it should not interfere with the ongoing libel damages lawsuit. in Texas seeking to force Jones to pay $150 million or more for the family of one of the children killed in the …

Some Bay Area diners may still have fond memories of Chow, the small chain of restaurants with locations in Inner Sunset and Mission Dolores, both of which survived more than 20 years in business before closing all of their locations – including outposts in Danville, Lafayette and Oakland — by 2019 due to bankruptcy. But …

Bankruptcy? What is bankruptcy? That’s what came to mind when my parents sat me down at 17 and told me they had just filed for bankruptcy because my dad’s medical bills were too much to handle. “But, you both have jobs. You both have health insurance. How could this happen?” As a teenager, I was …

Enthusiasts will see Mubong dig his personal grave in The God of Prime College Bankruptcy 551. Bankruptcy was amid the short wait. I learned what the world looks like in this story. She knows how to control others with an equal sense of humor. Apart from that, it looks like the facts will come out …

The United States Court of Appeals for the First Circuit ruled that Puerto Rico must pay $400 million for eminent domain claims in its bankruptcy, despite arguments to the contrary by the Board of Supervisors. The decision will not affect how much bondholders are legally owed, but will affect how much the government of Puerto …

[co-author: Brennan Cox] On April 29, 2022, the United States Bankruptcy Court for the District of New Jersey avoided a debtor’s $2 million loan obligation and repaid $592,875.03 in repayments on that loan – with interest before and after. judgment – to the debtor’s estate. In November 2007, Latoc, Inc. loaned $2 million to The …

After more than three hours of pleadings summarizing the “roadmaps” or conflicting theories of the “Warren Economic Development Authority” (EDA, WC EDA, FR-WC EDA) against the Donald F. Poe and Earthright Energy civil liability case Solar LLC, a decision in this case was assigned to a seven-member jury in the Warren County Circuit Court. The …

Celsius filed for Chapter 11 bankruptcy. Getty After recovering $1 billion in collateral, Celsius Network filed for Chapter 11 bankruptcy late last night in the U.S. Bankruptcy Court for the Southern District of New York. The struggling cryptocurrency lender had just recently repaid debts to a number of decentralized finance (DeFi) protocols. The initial filing …

Cryptocurrency hedge fund Three Arrow Capital (3AC) declared bankruptcy in late June, and its aftermath can be seen in the crypto industry. After the collapse of 3AC, other crypto firms began to prepare for any further shocks. The crypto market was at its lowest since April, the crash of TerraUSD (UST), a stablecoin pegged to …

Sri Lanka’s second uprising over the worst economic crisis is writing new history with embattled President Gotabaya Rajapaksa announcing his resignation amid angry protests over food and fuel shortages and prolonged power outages in the island nation. Protesters stormed the presidential palace and burned down the prime minister’s private home even after he offered to …

If you’re struggling with debt, Chapter 13 bankruptcy may be your easy way out. You’re in Tennessee and wondering if you should file for Chapter 13 bankruptcy. You may realize that debt relief is needed after experiencing financial hardship or skipping bills each month. Wherever you are, you are not alone. During the 12-month period …

Congress made some minor but significant changes to the Bankruptcy Code by enacting the Bankruptcy Threshold Adjustment and Technical Corrections Act (the “Act”) on June 21, 2022. The most significant of these are the increase in debtor debt limits. under Chapter 13 and under the Small Business Reorganization Act (the “SBRA”) – increases that will …

Hollywood star who is soaring high in the sky currently, Tom Cruise is still known for his death-defying stunts in his movies. He started his career in 1981 and became the world’s top star. With many highly acclaimed films on the list, the actor once saved Ray-Ban, an American-Italian brand of sunglasses and eyewear. Many …

Gary Barnett of Extell, Robert Gans and an aerial view of 616 11th Avenue (Robert’s Steakhouse, Google Maps) Robert Gans, owner of a popular Hell’s Kitchen assembly with lucrative potential, has filed for bankruptcy protection. Towering above is one of the city’s top promoters: Gary Barnett. The Chapter 11 bankruptcy, which Gans filed earlier this …

An estimated 100 million Americans have health care debt, poll finds out this month by the Kaiser Family Foundation. The problem is so severe, Kaiser says, that it is driving millions of people out of their homes or into bankruptcy. But a closer look at the data reveals that medical debt, while burdensome for many, …

Revlon signage is displayed at a Boots store in London, Britain June 16, 2022. REUTERS/Hannah McKay/File Photo Join now for FREE unlimited access to Reuters.com Register June 27 (Reuters) – Even for a veteran securities trader like Mike Minutelli, Revlon Inc (REV.N) is a wild bet. The 30-year-old plumber from Oxford, North Carolina, made a …

Investment bank Goldman Sachs is raising $2 billion to buy the assets of troubled crypto lender Celsius as it prepares for possible bankruptcy, according to Fortune. Goldman Sachs investors will be able to acquire Celsius’s assets at significant discounts, even if Celsius does not declare bankruptcy. Meanwhile, Celsius has hired additional restructuring lawyers from consultancy …

When filing for bankruptcy, remember that Indiana has bankruptcy exemptions and special laws that must be considered. You may be considering filing for Chapter 13 bankruptcy in Indiana due to unexpected difficulties. Fortunately, bankruptcy is a legal debt relief option that allows you to relieve your creditors. The purpose of this article is to show …

Colorado bankruptcy filings fell 30.9% in May from the same period a year ago, continuing a downward trend seen throughout 2021 and so far in 2022. Filings also fell in Boulder, Larimer and Weld counties from the year-ago period, with only Broomfield County seeing a slight increase. That’s according to a BizWest analysis of US …

While Revlon prepares to negotiate its restructuring after filing for bankruptcy last week, the American cosmetics group still does not know the identity of all its main creditors, the result of a bizarre banking error. In August 2020, Citigroup mistakenly used its own money to repay a $900 million term loan it was administering on …

June 17 (Reuters) – Alphabet’s (GOOGL.O) Russian subsidiary Google has filed for bankruptcy, Interfax reported on Friday, citing online court documents. The subsidiary announced plans to file for bankruptcy in May after authorities seized its bank account, making it impossible to pay staff and suppliers. Read more “The seizure by Russian authorities of Google Russia’s …