Express Files For Chapter 11 Bankruptcy
Above The Law
APRIL 23, 2024
The post Express Files For Chapter 11 Bankruptcy appeared first on Above the Law. The company will close about 100 stores, after months of sinking demand.
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US Supreme Court pauses bankruptcy settlement in Boy Scouts of America sexual abuse cases
JURIST
FEBRUARY 17, 2024
BSA declared bankruptcy in 2020 amid thousands of lawsuits for sexual abuse against Scout Leaders. A settlement was approved by a bankruptcy judge in September of 2022 and upheld by a federal court in March of the following year. billion settlement between sexual abuse victims and the Boy Scouts of America (BSA).
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Rudy Giuliani Adding Financial Bankruptcy To Moral Bankruptcy
Above The Law
DECEMBER 21, 2023
The post Rudy Giuliani Adding Financial Bankruptcy To Moral Bankruptcy appeared first on Above the Law. The former NYC mayor is out of money. but that doesn't mean he gets to skip out on the people he defamed.
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Usury – historical references and bankruptcy
Diane Drain
JUNE 19, 2022
Usury – historical references and bankruptcy. No one wants to file bankruptcy. Having said that, and in order to protect your health and peace of mind, along with that of your family, bankruptcy may be your only option. Arizona Bankruptcy Lawyer Law Office of D.L. Filing for bankruptcy can be a difficult process.
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“Justices Lean Toward Insurer in Asbestos Bankruptcy Dispute; Court is considering when insurers have standing in bankruptcy; Insurer questions raised in context of mass torts”
HowAppealing
MARCH 19, 2024
“Justices Lean Toward Insurer in Asbestos Bankruptcy Dispute; Court is considering when insurers have standing in bankruptcy; Insurer questions raised in context of mass torts”: Evan Ochsner of Bloomberg Law has this report.
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“Virgin Islands Bankruptcy Court Survives Challenge to Authority; Court doesn’t reach merits of Bankruptcy Court’s authority; Concurring judges urge court to consider issue in the future”
HowAppealing
MARCH 22, 2024
“Virgin Islands Bankruptcy Court Survives Challenge to Authority; Court doesn’t reach merits of Bankruptcy Court’s authority; Concurring judges urge court to consider issue in the future”: Peter Hayes of Bloomberg Law has this report (subscription required for full access) on a non-precedential decision that the U.S.
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Delaware bankruptcy judge grants motion to keep FTX customer list secret
JURIST
JUNE 10, 2023
Judge John Dorsey of the United States Bankruptcy Court District of Delaware rejected in part and ruled in favor in part of a motion Friday by bankrupt cryptocurrency trading company FTX’s debtors and the Official Committee of Unsecured Creditors requesting the company’s customer list stay private.
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US Supreme Court considers case concerning bankruptcy code, sovereign immunity of Native American tribes
JURIST
APRIL 24, 2023
Coughlin, which focuses on the effect of the Bankruptcy Code on the sovereign immunity of Native American tribes. The Bankruptcy Code revokes sovereign immunity from the United States, department agencies and “other foreign or domestic government[s].”
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Busting myths about bankruptcy and private student loans
Diane Drain
APRIL 18, 2022
Education Loans Can Be Discharged in Bankruptcy. Busting myths about bankruptcy and private student loans. What is behind the perception that student loans cannot be discharged in bankruptcy? 10 Things You Need to Know Before Filing Bankruptcy. Drain - Phoenix Arizona Bankruptcy Attorney. By Robert G.
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SCOTUS hears oral arguments in bankruptcy amendment, Washington workers’ compensation law cases
JURIST
APRIL 19, 2022
In Siegle , the Court is considering whether the 2017 Amendment to the Bankruptcy Judgeship Act, which increased quarterly fees for Chapter 11 cases in the Trustee program but not the Bankruptcy Administrator program, violates the uniformity requirement of the Constitution’s Bankruptcy Clause.
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US Supreme Court rules bankruptcy debtor liable for partner’s fraud
JURIST
FEBRUARY 22, 2023
The US Supreme Court Wednesday ruled in a slip opinion that a Chapter 7 bankruptcy debtor cannot discharge a debt that resulted from her partner’s fraudulent activity under 11 U.S.C. § The Bartenwerfers could not pay the judgment and filed for Chapter 7 bankruptcy. 523(a)(7)(A). 523(a)(7)(A), regardless of her culpability.
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The Body Shop Ceases U.S. Operations And Files For Bankruptcy
Above The Law
MARCH 12, 2024
Operations And Files For Bankruptcy appeared first on Above the Law. The UK-based cosmetics company is also closing half of its locations in Canada. The post The Body Shop Ceases U.S.
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Johnson and Johnson bankruptcy strategy rejected in talcum powder lawsuit
JURIST
JANUARY 31, 2023
The decision reversed an early Bankruptcy Court order in favor of J&J. The circuit court’s decision is the first judicial rejection of the so-called “Texas two-step,” a novel and controversial legal strategy in which large corporations attempt to shield themselves from mass tort liability through bankruptcy claims.
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US Supreme Court holds increased fees unconstitutional in some bankruptcy cases
JURIST
JUNE 6, 2022
Fitzgerald that Congress’ enactment of a significant Chapter 11 bankruptcy fee increase in 48 states, exempting some debtors in two states, violated the Bankruptcy Clause’s uniformity requirement. ” The post US Supreme Court holds increased fees unconstitutional in some bankruptcy cases appeared first on JURIST - News.
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Bankruptcy, Explained by John Oliver
Diane Drain
APRIL 25, 2021
There is so much mis-information about bankruptcy and how it works, or does not work. They don’t take the time to educate you or fully inform you about the serious issues that are part of a path you are choosing to take (like filing bankruptcy). Drain Click here for steps to your free bankruptcy consultation.
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US Supreme Court grants review to federal bankruptcy case
JURIST
JUNE 28, 2022
Transform Holdco , a case examining appellate court jurisdiction over sales orders in federal bankruptcy proceedings. As part of the federal bankruptcy proceedings, Sears sold its assets and the Mall of America lease was transferred to Transform Holdco LLC, a corporation formed by Sears’ new owners.
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Why Experts Saw Cano Health’s Bankruptcy Coming From A Mile Away
Above The Law
FEBRUARY 8, 2024
Cano Health filed for bankruptcy this week — about three years after going public $4.4 The industry reacted without surprise, with experts calling the bankruptcy a direct result of mismanagement, a quixotic growth strategy and poor market selection. billion SPAC merger.
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“Boy Scouts Urge Supreme Court Not to Freeze Bankruptcy Plan; Bankruptcy plan shouldn’t be paused, nonprofit tells high court; Boy Scouts case faces challenge over third-party releases”
HowAppealing
FEBRUARY 15, 2024
“Boy Scouts Urge Supreme Court Not to Freeze Bankruptcy Plan; Bankruptcy plan shouldn’t be paused, nonprofit tells high court; Boy Scouts case faces challenge over third-party releases”: Alex Wolf of Bloomberg Law has this report. You can access the U.S. Supreme Court filings in this matter via this link.
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Federal judge approves Puerto Rico bankruptcy plan
JURIST
JANUARY 19, 2022
A judge for the US Bankruptcy Court for the District of Puerto Rico Tuesday gave final approval to a plan for Puerto Rico to exit bankruptcy after nearly five years. The post Federal judge approves Puerto Rico bankruptcy plan appeared first on JURIST - News.
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Conspiracy theorist Alex Jones files for bankruptcy after Sandy Hook verdicts
JURIST
DECEMBER 2, 2022
InfoWars and conspiracy theorist Alex Jones filed for Chapter 11 bankruptcy protections in the Southern District of Texas on Friday. ” He claims that the 9/11 attacks and the Sandy Hook shooting were orchestrated by groups within the United States government, the latter claim being the primary cause of his bankruptcy.
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Solo Atty Joins Lewis Brisbois' Bankruptcy Team In Del.
Law 360
APRIL 9, 2024
Lewis Brisbois Bisgaard & Smith LLP has bolstered its Delaware office with the addition of a commercial and bankruptcy attorney who formerly operated her own firm for more than six years.
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Texas Ruling Clarifies That Bankruptcy Shields LLC Rights
Law 360
FEBRUARY 14, 2024
A Texas bankruptcy court’s recent ruling in In re: Envision makes it clear that the Bankruptcy Code preempts a section of Delaware state law that terminates a member’s interest in an LLC upon a bankruptcy filing, clarifying conflicting case law, say Larry Halperin and Joon Hong at Chapman and Cutler.
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Court faces dispute over insurer’s rights in asbestos bankruptcy plan
SCOTUSBlog
MARCH 15, 2024
Share As a specific legal question, Tuesday’s bankruptcy case is simple, almost trivial: whether the Bankruptcy Code provisions that permit any “party in interest” to “be heard on any issue” in a Chapter 11 proceeding extend to an insurance company obligated on the claims against an asbestos company during the latter’s reorganization.
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Court declines to put hold on Boy Scouts bankruptcy plan
SCOTUSBlog
FEBRUARY 22, 2024
Share The Supreme Court on Thursday rejected a request to temporarily put on hold a bankruptcy plan for the Boy Scouts of America while a challenge to that plan continues in a federal appeals court. Facing tens of thousands of lawsuits by victims of child sexual abuse, the Boy Scouts of America filed for bankruptcy in February 2020.
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Two Of Biglaw’s Best Contribute To Massive Spike In Commercial Bankruptcy Filings
Above The Law
MARCH 6, 2024
The post Two Of Biglaw’s Best Contribute To Massive Spike In Commercial Bankruptcy Filings appeared first on Above the Law. Commercial Chapter 11 filings were up 118% over February 2023, thanks, in part, to these Biglaw firms.
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Bankruptcy Option Won’t Be ‘Pretty’ For Stroock
Above The Law
NOVEMBER 1, 2023
Here's why Stroock will do anything it can to stay away from bankruptcy. The post Bankruptcy Option Won’t Be ‘Pretty’ For Stroock appeared first on Above the Law.
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“As high court weighs Purdue bankruptcy, opioid settlement divides victims”
HowAppealing
DECEMBER 3, 2023
“As high court weighs Purdue bankruptcy, opioid settlement divides victims”: David Ovalle and Robert Barnes of The Washington Post have this report. The post “As high court weighs Purdue bankruptcy, opioid settlement divides victims” appeared first on How Appealing.
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Federal judge dismisses NRA bankruptcy filing
JURIST
MAY 12, 2021
A judge for the US Bankruptcy Court for the Northern District of Texas dismissed the National Rifle Association’s (NRA) Chapter 11 bankruptcy filing on Tuesday, finding that the NRA did not file the petition in good faith. ” The case for dissolution of the NRA will continue in the New York County Supreme Court. .”
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Turning Point: China First Recognizes Japanese Bankruptcy Decision
Conflict of Laws
MARCH 10, 2024
This marks not only the first time that China has recognized a Japanese court’s decision in a bankruptcy procedure, but also the first time that China has recognized a Japanese judgment. This is the first time that China has recognized a decision made by a Japanese court in bankruptcy proceedings. 1 ( (2021)?03???1)).
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ARIZONA IS ONE OF 2 STATES THAT WILL TAKE YOUR TAX REFUND IN BANKRUPTCY. SHOULD THE LAW CHANGE?
Diane Drain
APRIL 16, 2022
Current state law precludes debtors like the Hebenthals from receiving tax refunds if they recently filed for bankruptcy before getting the funds. The Hebenthals, who filed for Chapter 7 bankruptcy protection in January, said their financial woes mounted when they separated last year and she lost her job for about six months.
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Covington Nabs 2 Bankruptcy Vets From Mintz
Law 360
JANUARY 8, 2024
Covington & Burling LLP announced Monday the addition of two longtime Mintz Levin Cohn Ferris Glovsky and Popeo PC attorneys to its restructuring and bankruptcy practice as partners in its Los Angeles office, both of whom bring their yearslong expertise in litigating matters relating to creditor rights, asset recovery and judgment enforcement.
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US Supreme Court grants review to cases on civil procedure, bankruptcy law, worker’s comp
JURIST
JANUARY 11, 2022
The US Supreme Court Monday announced that it had granted review to three additional cases dealing with civil procedure, bankruptcy law, and worker’s compensation. Fitzgerald , deals with fees in bankruptcy court. The Bankruptcy Judgeship Act , passed in 2017, increased fees in some bankruptcy courts but not in others.
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197 “Sacklers’ Fate at Supreme Court Poised to Reshape Bankruptcy Law”
HowAppealing
AUGUST 14, 2023
“Sacklers’ Fate at Supreme Court Poised to Reshape Bankruptcy Law”: James Nani of Bloomberg Law has this report. The post “Sacklers’ Fate at Supreme Court Poised to Reshape Bankruptcy Law” appeared first on How Appealing.
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Kramer Levin’s New Bankruptcy & Restructuring Co-Chair Shares Her Thoughts On How Women Lawyers Can Excel In Practice
Above The Law
FEBRUARY 1, 2024
This firm's bankruptcy & restructuring co-chair has the scoop on how women can become 'extremely effective and powerful' lawyers. The post Kramer Levin’s New Bankruptcy & Restructuring Co-Chair Shares Her Thoughts On How Women Lawyers Can Excel In Practice appeared first on Above the Law.
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Ex-BakerHostetler Atty Returns After Lordstown Bankruptcy
Law 360
JANUARY 4, 2024
rejoined Thursday as a partner in the firm's business practice group following the electric-vehicle maker filing for bankruptcy last year. A former BakerHostetler partner who left the firm to serve as general counsel during a rocky time at now-defunct Lordstown Motors Corp.
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Stroock Working On Wind Down, Trying To Keep Firm Out Of Bankruptcy
Above The Law
NOVEMBER 1, 2023
This mess started when the firm lost its bankruptcy group, and now the firm doesn't want to end up in bankruptcy. The post Stroock Working On Wind Down, Trying To Keep Firm Out Of Bankruptcy appeared first on Above the Law.
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Corporate Bankruptcies Continue Soaring to Near-Record Highs
Intelligize Blog
AUGUST 3, 2023
A surge in corporate bankruptcies through the first half of the year shows no signs of abating, putting 2023 on track for the highest number of bankruptcy filings in over a decade. In those six months, 15 companies with more than $1 billion in liabilities filed for bankruptcy, including four in June alone.
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People Love To Threaten Bankruptcy During Litigation
Above The Law
MARCH 31, 2023
Although the threat of bankruptcy can be used as a litigation tactic, clients often don't go through with it. The post People Love To Threaten Bankruptcy During Litigation appeared first on Above the Law.
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US Supreme Court grants review to bankruptcy, overtime pay and federal civil rights cases
JURIST
MAY 3, 2022
The US Supreme Court Monday granted review to three cases spanning questions of bankruptcy, overtime pay and federal civil rights claims. The post US Supreme Court grants review to bankruptcy, overtime pay and federal civil rights cases appeared first on JURIST - News. In Bartenwerfer v. 523(a)(2)(A).
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What Makes a Great Bankruptcy Attorney?
Diane Drain
JANUARY 2, 2021
Find The Right Bankruptcy Lawyer For You. Reprint from a great California bankruptcy attorney – Cathy Moran. Picking the right bankruptcy lawyer is a lot like picking the right head coach for a sports team. Bankruptcy is a specialized area of law that can be far more complex than appears on the surface.
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Upsolve Launches Tool To Help Pro Se Bankruptcy Filers Get Relief from Student Loans
LawSites
APRIL 25, 2024
According to Upsolve, a nonprofit company whose technology helps low-income individuals file for bankruptcy for free, Americans owe $1.77 trillion in student loan debt — 93% of it to the federal government. Since 2017, Upsolve’s debt relief tools have helped more than 13,000 individuals erase more than $750 million in debt.
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“J&J to seek U.S. Supreme Court review on unit’s bankruptcy”
HowAppealing
MARCH 22, 2023
Supreme Court review on unit’s bankruptcy”: Dietrich Knauth of Reuters has this report. Supreme Court review on unit’s bankruptcy” appeared first on How Appealing. “J&J to seek U.S. The post “J&J to seek U.S.
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Rite Aid Asks NJ Bankruptcy Court To Stay Ohio Opioid Case
Law 360
NOVEMBER 17, 2023
asked a New Jersey bankruptcy judge to issue an injunction blocking the federal government from litigating a whistleblower suit in Ohio over the filling of illegal opioid prescriptions until the bankruptcy court can approve a reorganization plan. Rite Aid Corp.
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Longshore Union To Exit Bankruptcy With $20M Settlement
Law 360
FEBRUARY 22, 2024
A California bankruptcy judge Thursday approved the International Longshore and Warehouse Union's request to dismiss its own bankruptcy after okaying the union's settlement of a long-running legal dispute with a shipping company that had driven it into insolvency
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