Pages
May 2024 M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Categories
Archives
Blogroll
Category Archives: Bankruptcy
Trustee Wants Lawyer Jailed for Not Cooperating in Firm Bankruptcy
The chapter 7 trustee overseeing the dissolution of New York real estate law firm Kossoff PLLC asked a bankruptcy judge Tuesday to hold its founder in civil contempt and order him incarcerated if he continues defying court orders to cooperate. … Continue reading
Posted in Bankruptcy, General
Leave a comment
Jessica Simpson Regains Full Ownership of Billion-Dollar Namesake Fashion Brand
Jessica Simpson is back in control of her billion-dollar brand. The singer and actress, 41, is once again in charge of her popular Jessica Simpson Collection after its parent company, Sequential Brands Group Inc., filed for chapter 11 protection back … Continue reading
Posted in Bankruptcy, General
Leave a comment
Consumers Weren’t Discharged Under Section 1141(d)(6)(A)
Reversing the bankruptcy court while expounding and expanding on the Supreme Court’s Cohen decision, District Judge Paul A. Engelmayer of New York ruled that a civil penalty imposed by the Federal Communications Commission for defrauding consumers is not discharged in … Continue reading
Posted in Bankruptcy, General
Leave a comment
Old Country Buffet’s Bankrupt Parent Is Up for Sale Again
The on-again, off-again sale of the former Buffets Inc. empire is on again: Fresh Acquisitions, the owner of Old Country Buffet, HomeTown Buffet, Tahoe Joe’s and other concepts, has another buyer, restaurantbusinessonline.com reported. This time it’s Serene Investment Management, an … Continue reading
Posted in Bankruptcy, General
Leave a comment
Commercial Chapter 11 Filings Decrease 50 Percent in August from Last Year, Total Filings Down 18 Percent
Commercial chapter 11 filings decreased 50 percent in August 2021 from last year, according to data provided by Epiq Systems, Inc. The 264 commercial chapter 11 filings in August 2021 fell by exactly half from the 528 filings registered in … Continue reading
Posted in Bankruptcy, General
Leave a comment
Kansas Has the Third-Highest Amount of Farm Bankruptcies in the U.S.
Although farm insolvencies have declined nationally, Kansas is third highest in the nation for these bankruptcies. Beginning from June 2020 through June 2021, Kansas chapter 12 farm bankruptcies trailed only Wisconsin and Minnesota. According to the American Farm Bureau Federation, … Continue reading
Posted in Bankruptcy, General
Leave a comment
Joe’s Jeans, Jessica Simpson Owner Sequential to Sell Brands in Chapter 11
Sequential Brands Group Inc., the company that owns and licenses consumer brands from Jessica Simpson fashions to Gaiam yoga wear and Joe’s Jeans, has filed for bankruptcy and will sell assets, saying that a big debt load and the COVID-19 … Continue reading
Posted in Bankruptcy, General
Leave a comment
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