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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 in section 546(e) of the […]

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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 Southern District of Florida. In […]

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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 releases. Judge McMahon’s decision is […]

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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 former major manufacturers of asbestos, […]

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Government brings back plan to reduce bankruptcy terms to one year

According to an insolvency expert, a federal government proposal to reduce default bankruptcy terms in Australia from three to one year would effectively make bankruptcy “unnecessary”. John Winter, chief executive of the Australian Restructuring Insolvency and Turnaround Association, says the plan is “like a bad zombie movie” that keeps getting revived, despite being first proposed […]

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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, to Earthstone Energy Inc. for $860 million. Source: Reuters Formerly known as Sable Permian Resources, Bighorn was part of the empire […]

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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 Louisiana bankruptcy attorney, earning it a spot among Law360’s 2021 Bankruptcy Groups of the Year. Norton Rose’s US […]

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Debtor’s attorney failed to reduce attorney’s fees incurred for violation of Section 362(k) by rejecting 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 Louisiana bankruptcy attorney’ fees, as well as punitive damages in appropriate circumstances. 11 USC § 362(k). A recent case from the United States Bankruptcy Court for the District […]

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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, working with a bankruptcy lawyer is vital. There are several reasons to hire a bankruptcy attorney in Raleigh, North Carolina. Raleigh, North Carolina – In a recent announcement, Berggren Law Offices, PLLC […]

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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 over $800,000 to Republicans. Getty In January 2020, serial entrepreneur Richard Kofoed filed for personal bankruptcy. When Covid-19 began to rage a few months later, he started a business and began working with two other businesses to sell personal protective equipment. One of […]

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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. January deposits were 24% lower […]

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Can I declare bankruptcy more than once?

How Many Times Can You File for Bankruptcy? If you’ve been in bankruptcy previously and were granted a discharge, the bankruptcy code states the time you can make a bankruptcy filing again and get the discharge. If you were not granted an exemption in your prior bankruptcy filing, then you are eligible to make a bankruptcy […]

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Sacklers close to deal to increase opioid settlement in Purdue bankruptcy

The names of companies and law firms listed above are auto-generated based on the text of the article. We are improving this feature as we continue to test and develop in beta. We appreciate feedback, which you can provide using the feedback tab on the right side of the page. Jan 31 (Reuters) – Members […]

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Lawdragon Names Hansen One of the Top Bankruptcy and Restructuring Lawyers for 2022

Peter Hansen of Hansen Law Offices, 319 N. Main St., has been included in the Lawdragon 500 Leading US Bankruptcy and Restructuring Lawyers Guide for 2022. Hansen was selected for his work in Chapter 7 Consumer Bankruptcy. “Being in debt from medical bills, day-to-day expenses, or having your wages garnished because you can’t keep up […]

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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 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 district court after pleading guilty to a single count of conspiracy […]

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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 now face a nine-point reduction. Currently in the relegation zone and struggling for league status, the news makes Türkgücü’s task almost impossible. The club’s main investor, Hasan Kivran, quit almost 12 […]

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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 a third of its workforce. […]

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Bankruptcy court clears sale of 5 Levee Breaks properties

YARMOUTH — As part of Yarmouth-based Levee Breaks Investment Group LLC’s bankruptcy proceedings, three properties will be abandoned, one property has been sold and four others are for sale. LBIG has filed for Chapter 7 bankruptcy October 22 a week after the state’s Securities Division filed a civil administrative complaint against LBIG, formed by Brian […]

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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 had given up his studies […]