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Boris Becker will stand trial from Monday for concealment of assets in a bankruptcy hearing

Former Grand Slam champion Boris Becker has been under investigation for five years, but all will be well over the next few weeks with the 54-year-old German going on trial from Monday (MARCH 21) in London. Becker is accused of failing to hand over the trophies of his distinguished career to settle his debts, a […]

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[COLUMN] Save your small business without declaring bankruptcy —

Running a small business can have its perks, even though it’s often an all-consuming endeavor. The owner often has to wear many hats – being a marketer, a manager, and yes, including the often most dreaded role of all – managing the finances of the business. The sad reality is that many businesses struggle, no […]

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Scouts reach settlement with Catholic committee in BSA bankruptcy

This would release them from liability for all scouting-related child sexual abuse claims against them from 1976 to the present day, and for all pre-1976 claims subject to coverage by insurance companies that have made their own settlements. in the BSA bankruptcy. They would also have 12 months to negotiate financial contributions to a settlement […]

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Disbarred lawyer sentenced to four years for conspiring to commit bankruptcy fraud and defrauding clients of $1.3 million | USAO-MDFL

Tampa, Fla. — U.S. District Judge Thomas Barber sentenced James Lee Clark (61, Wilton Manors) to 48 months in federal prison for conspiracy to commit fraudulent bankruptcy and wire fraud. Clark had pleaded guilty on December 14, 2021. According to court documents, from January 2010 to February 2017, Clark, who was a licensed attorney, conspired […]

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Explainer: How Russia Could Use Bankruptcy Law To Punish Foreign Companies

March 18 (Reuters) – As foreign companies seek to leave Russia because of the war in Ukraine, they face the prospect that Russia’s bankruptcy law could be used to seize assets and even attract criminal penalties . Here’s how it could work: HOW DOES BANKRUPTCY LAW IN RUSSIA DIFFER FROM BANKRUPTCY LAW IN THE UNITED […]

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Aeromexico to exit Chapter 11 bankruptcy after 20 months

After 20 months under Chapter 11 bankruptcy proceedings, Mexican carrier Aeromexico has announced that it has successfully exited the proceedings. Aeromexico will invest more than US$5 billion over the next five years in its fleet and other key areas. Let’s investigate further. Out of Chapter 11 Grupo Aeromexico has finally emerged from its Chapter 11 […]

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Clintwood Man pleads guilty to bankruptcy fraud | USAO-WDVA

ABINGDON, Va. – A Clintwood, Va. man who concealed his stake in a waste management company and did not report his employment and income from that company when filing for Chapter 7 bankruptcy, pleaded guilty yesterday to one count of bankruptcy fraud to federal seek. According to court documents, in June 2020, 48-year-old David Bryan […]

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State senator’s ex-husband sued over bankruptcy debt

A Tri-City executive is being sued in U.S. bankruptcy court by a creditor seeking more than $1 million for an unpaid loan balance, interest, and legal fees. The case against Fraser S. Hawley, a developer and business executive who was married to state Sen. Sharon Brown, R-Kennewick, is scheduled to go to trial May 9 […]

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What is bankruptcy and how does it work? • Legal Scoops

There is no way to approach the topic of personal bankruptcy without first addressing the basics. If you are considering bankruptcy as a solution to your financial problems, it can be helpful to understand what it involves and how it works. Bankruptcy is the process of paying off your debts under Chapter 7 or Chapter […]

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Communicating Distress in the Digital Age – Insolvency/Bankruptcy/Restructuring

United States: Communicating Distress in the Digital Age March 17, 2022 Sheppard Mullin Richter & Hampton To print this article, all you need to do is be registered or log in to Mondaq.com. During times of business uncertainty, the company’s message to customers, suppliers and employees can either inspire confidence or foster anxiety. This is […]

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Puerto Rico officially emerges from bankruptcy after largest public debt restructuring

SAN JUAN, Puerto Rico — Puerto Rico’s government officially emerged from bankruptcy on Tuesday, completing the largest public debt restructuring in U.S. history after announcing nearly seven years ago that it was unable to repay its debt of more than 70 billion dollars. The exit means the U.S. territory government will resume payments to bondholders […]

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SBA may deny PPP loan due to bankruptcy, appeals court rules

REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Summary Law firms Related documents Bankrupt Vermont hospital not eligible for pandemic aid, court rules Grants, not loans, protected by bankruptcy law (Reuters) – The Small Business Administration was within its rights to deny pandemic aid to a nonprofit hospital on the basis that […]

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LATAM Airlines bankruptcy judge clears $734 million in financing charges

A LATAM Airlines plane carrying cargo in Montevideo, Uruguay February 25, 2021. REUTERS/Mariana Greif Join now for FREE unlimited access to Reuters.com Register Summary Law firms Related documents Opponents called the fees unreasonably high The judge finds the costs reasonable given the financing risk LATAM Airlines Group SA on Tuesday won court approval of a […]

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Boulder storage company Closetbox Inc. files for bankruptcy

Full-service storage company Closetbox Inc. has filed for Chapter 7 bankruptcy. According to documents filed Friday with the U.S. Bankruptcy Court for the District of Colorado, the company has liabilities of $650,546 and assets of $32. $247. Closetbox, which was founded in 2014, tried to stand out in the storage industry as a full-service company […]

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Local Lawyer Becomes Federal Bankruptcy Judge | Local News

After more than 15 years at Facey, Goss & McPhee, a local attorney took over as U.S. bankruptcy judge for Vermont on Monday. Heather Zubke Cooper has a “broad and diverse background in bankruptcy law” with over 20 years of experience in “the finance and restructuring industry, representing individual and corporate debtors and creditors in […]

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ANALYSIS: SD Tex. emerges as the best venue for bankruptcy litigation (1)

In a recent analysis of three Chapter 11 megacase bankruptcy courts, I observed that the Southern District of Texas (SD Tex.) cemented its place as a preferred location for filing large cases, which Delaware has maintained its prominent status and that the Southern District of New York (SDNY) was losing popularity. The workload of adversarial […]

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Bankruptcy: Adversarial Proceedings and Section 523(a)(6) | law of the free man

The recent bankruptcy of Lee v. Weatherford (In re Weatherford), Adv. proc. 21-03059 (Bankr. ND Tex., January 19, 2022) interprets 11 USC § 523(a)(6). Bar fights and bankruptcy don’t often overlap, but they do in this adversarial bankruptcy proceeding. In this case, the bankruptcy court considered whether a debtor who attacked a man during a […]

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Tax penalties are not fraudulent transfers in bankruptcy: Court of Appeals

The Internal Revenue Service (IRS) building is seen in Washington, U.S. September 28, 2020. REUTERS/Erin Scott Join now for FREE unlimited access to Reuters.com Register Judges cite lack of voluntary exchange of tax penalties The nonprofit organization cannot recover payments to the IRS (Reuters) – The Internal Revenue Service on Tuesday rejected an attempt by […]