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Category Archives: Bankruptcy
Education Department to Forgive $1.1 Billion for ITT Students
The Education Department has said that it will forgive the federal loans of students who attended ITT Technical Institute but left after March 2008 without completing a degree. This forgiveness will apply to 115,000 borrowers amounting to more than $1 … Continue reading
LeClairRyan Founder Likely to Be Named in Lawsuit Over Firm’s Bankruptcy
Gary LeClair, founder of LeClairRyan, is expected to be revealed as an additional defendant in the $128 million lawsuit targeting UnitedLex over its role in the firm’s bankruptcy. U.S. Bankruptcy Judge Kevin R. Huennekens ruled to allow chapter 7 trustee … Continue reading
Tough Mudder Creditors Try to Pit the Race Company into Bankruptcy
Tough Mudder Inc. creditors are attempting to push the organizer of extreme obstacle races into bankruptcy over $855,000 that they say the company owes them, Bloomberg News reported. The firm is facing claims from Valley Builders LLC, Trademarc Associates Inc. … Continue reading
Sharps Rifle Company Pulls Trigger on Bankruptcy
Sharps Rifle Company has filed for bankruptcy with the Wyoming District U.S. Bankruptcy Court. The Sharps bankruptcy filing shows that Sharps has been struggling for quite a while now, and with only one current employee, is further evidence that the … Continue reading
Express is closing 31 stores. Is your location on the list of closures?
The stores are closing as part of the fashion retailer’s “fleet rationalization,” after an abysmal holiday season. Express officials announced 100 closures overall. 31 Stores have closed since this blog post, and another 35 stores will close by the end … Continue reading
Hospital Files for Bankruptcy
Americore Health and its four affiliated hospitals in Pennsylvania, Tennessee, Missouri and Arkansas filed for Chapter 11 protection, Becker’s Hospital Review reported. The three of the hospitals listed in the bankruptcy petition are: Ellwood Medical Center in Ellwood City, Alexius … Continue reading
Kansas Farmer Grows Bankruptcy Fraud Scheme
Wichita Kansas prosecutors say they plan to seek more than $2.1 million in restitution from a Kansas farmer who pled guilty to crop insurance and bankruptcy fraud, reported AP News. The Wichita Eagle reports that Kevin Struss, of rural WaKeeney, … Continue reading
Rapper “Trick Daddy” Files for Bankruptcy
“Love & Hip Hop: Miami” star and rapper Trick Daddy has filed for bankruptcy, listing over $800,000 owed to creditors, The Blast reported. According to court documents, the rapper filed for chapter 13 bankruptcy on August 6, 2019. This is … Continue reading
Fake Name, Real Sanctions
Florida state permits lawyers to do business using a fictitious law firm name with disclosures required under Bankruptcy Rule 2014. Because the retained lawyers did not disclose the details of their relationship under the rule, newly appointed Bankruptcy Judge John … Continue reading
Crying Wolf and Bankruptcy Judges
An attorney who (allegedly) repeatedly made unsubstantiated allegations that a federal Tennessee bankruptcy judge communicated outside her courtroom with lawyers about pending cases was slapped Tuesday with a two-year suspension in the Eastern District of Tennessee, reported by Law360. U.S. … Continue reading