Monthly Archives: June 2020

NYC Halts Rent for Tenants for a Year

New York City council suspends rent for 2 million tenants for a year amid economy struggles caused by pandemic. With a vote of 6 to 3, the Rent Guidelines Board approved a measure that suspends rents on one-year leases and … Continue reading

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US Hospitals Close or File for Bankruptcy

Due to the unforeseen circumstances caused by the COVID-19, 42 hospitals closed or have filed for bankruptcy. With the financial tests we will face in the upcoming months, this may push even more hospitals into the same dilemma. Between March … Continue reading

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Health Care Facility American Addiction Center files for Bankruptcy

The corporation for American Addiction Center has filed for bankruptcy, according to the Bankruptcy Court in Delaware. The company says they expect to come out from bankruptcy in 125 days, after implementing a reformed plan to drop out their debt. … Continue reading

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Tax Filing Extension Update

The deadline for filing taxes was recently extended to July 15th due to outbreak of coronavirus. To clarify, the IRS says, taxpayers who need more time even after this date to file, must request to do so. However, the date … Continue reading

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Current Bankruptcy Wave Soars

¬†Within the last few weeks, numerous companies are seeking bankruptcy filing, more in the last two days than in the last two weeks. Seven cases of bankruptcy filings have been reported since Sunday, topping the already five that were reported … Continue reading

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Former Bumble Bee CEO is Sentenced to Prison

Ex-chief executive officer, Chris Lischewski, was sent to prison for more than three years for taking part in a price control scheme. A federal jury, in San Francisco, found Lischewski and his colleagues guilty of manipulating prices for packaged seafood … Continue reading

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Law Office Radio Ad Times

This week we will have radio ads on 99.7 Monday June 22nd at: 6:45AM, 9:45AM, 11:43AM, and 1:42PM Tuesday June 23rd at: 6:30AM 8:14AM, 9:30AM, and 1:16PM Wednesday June 24th at: 8:31AM, 11:14AM, 4:14PM, and 6:15PM Thursday June 25th at: … Continue reading

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Capitol Peak Partners and KKR & Co. secure Auction for Borden Dairy

Customer oriented funding firm, Capitol Peak Partners and KKR & Co. secured a victory in buying a milk producing company known as Borden Dairy. The former chairman and chief executive of Dean Foods Co., Gregg Engles, who is now in … Continue reading

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Brooks Brothers Enters Bankruptcy Filing

  Brooks Brothers, the clothing store, will be joining the slew of unfortunate bankruptcy filings. Since the filing, the two most successful companies, Authentic Brands Group LLC and Simon Property Group Incorporated are partnering up to bid for the 200-year-old … Continue reading

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Skillsoft Corporation Files for Bankruptcy

Recently, Skillsoft Corporation, an e-learning company, announced they will be filling for bankruptcy. They have agreed to an agreement of restructuring its $2 billion debt to $410 million. The filing took place at the US Bankruptcy Court of Delaware, in … Continue reading

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