Category Archives: Bankruptcy

Ex-San Antonio Lawyer Accused of Stealing Millions Has ‘Medically Related Issues,’ His Attorney Says

Ex-San Antonio attorney Christopher Pettit has been sued for allegedly absconding with his former law clients’ money. He’s landed in bankruptcy and he’s surrendered his law license. Pettit is also dealing with “medically related issues,” his attorney disclosed during the … Continue reading

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Bankruptcy Didn’t Block Contempt Proceedings in District Court Against a Debtor

A chapter 7 petition filed by the contemnor (a party held in contempt of court) did not bar the district court from moving ahead with contempt proceeds against the debtor for disobeying the district court’s prior orders compelling the debtor … Continue reading

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Bankruptcy Filings Continue Steady Drop

Bankruptcy filings continued a steep two-year-long fall that coincided with the start of the coronavirus pandemic. Filings fell 16.5 percent for the 12-month period ending March 31, 2022. According to statistics released by the Administrative Office of the U.S. Courts, … Continue reading

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Google’s Russian Subsidiary to File for Bankruptcy

Google’s Russian subsidiary is planning to file for bankruptcy. The U.S. tech firm said that Russian authorities had seized the unit’s bank account. Alphabet’s Google has been under pressure in Russia for months as Moscow wanted content it viewed as … Continue reading

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Missouri Trucking Company Files for Bankruptcy After USPS Cuts Back Mail-Hauling Contracts

A Missouri-based trucking company that contracted with the US Postal Service to transport mail recently ceased operations and filed for Chapter 7 bankruptcy, according to Freight Waves. Rooney Trucking Inc., a family-owned company based in Polo, MO, filed its petition … Continue reading

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Former Paralegal for Chicago Law Firm Charged With Embezzling Bankruptcy Estate Funds

A former paralegal for a Chicago law firm has been indicted for allegedly embezzling more than $600,000 from bankruptcy estate accounts. Becky Sutton fraudulently embezzled the funds from 2009 to 2018 while working on bankruptcy matters at the firm, according … Continue reading

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Tennis Champion Boris Becker Jailed for Two and a Half Years for Hiding Assets from Bankruptcy

Grand Slam champion Boris Becker has been jailed for two and a half years after hiding assets and debts worth more than £2.5 million after being declared bankrupt. The three-time Wimbledon winner deliberately transferred money to family and associates when … Continue reading

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Three Family Members Sentenced in USDA Crop Loan and Bankruptcy Fraud Schemes

Aimee and Donald Rosenbaum, along with their son, Marshal Rosenbaum were recently sentenced in federal court for their roles in crop loan and bankruptcy fraud schemes. Aimee was sentenced to 78 months of imprisonment and faces hefty fines, fees, and … Continue reading

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Exiled Chinese Billionaire Guo Files for Bankruptcy After Yacht Spat

Guo Wengui, the exiled Chinese businessman and former partner of Trump political strategist Steve Bannon, filed for bankruptcy less than a week after a judge ordered him to pay $134 million for moving and keeping a yacht out of the … Continue reading

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Doja Cat, Iggy Azalea Partner BH Cosmetics Files for Bankruptcy

BH Cosmetics, which recently created makeup lines with Doja Cat and Iggy Azalea, has filed for bankruptcy. The cosmetics brand filed for chapter 11 bankruptcy protection on Jan. 14, with plans to sell its intellectual property for $4.3 million. BH … Continue reading

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