Latest Legal Advertising News
Creditors Oust Helicopter Company’s CEO in Bankruptcy Coup
PHI Inc.'s unsecured creditors pulled off the bankruptcy equivalent of a palace coup during court-supervised settlement talks.
Updated: 06/05/2019 10:43A
Project To Help Homeless Imperiled By Major Donor's Bankruptcy
A local philanthropic organization formed to reduce homelessness may never get on its feet following a recent bankruptcy case involving its first major donor, ...
Updated: 06/04/2019 08:01P
Supreme Court applies civil contempt standard to bankruptcy creditors
The US Supreme Court ruled Monday that a creditor may be held in civil contempt for violating a bankruptcy court's discharge order if there is no fair ground of ...
Updated: 06/04/2019 04:16P
Lil’ Kim wants bankruptcy case dismissed
Lil’ Kim‘s finances appear to be back in order. According to court documents obtained by The Blast, the 44-year-old rapper requested that a judge dismiss her bankruptcy case because her lawyer helped her got a loan modification for her home. In May 2018, Kim filed for Chapter 13 bankruptcy in an effort to save her Alpine, NJ, mansion from foreclosure. According to The Blast, the “It’s All About the Benjamins” rapper failed to make her June 2018 mortgage payment of $10,155.47. The 6,026-square-foot residence went into foreclosure in 2010. Creditors reportedly asked to put the home up for auc...
Updated: 06/04/2019 10:02A
McKinsey Lays Out New Bankruptcy Disclosure Protocol
The 24-page document, filed with the U.S. Bankruptcy Court in Houston in response to criticism from federal monitors, outlines new bankruptcy disclosure ...
Updated: 06/03/2019 07:54P
FTD files for bankruptcy protection, but flower deliveries will continue
FTD has filed for bankruptcy protection, as it prepares to sell off pieces of the company and to deal with its debt.
Updated: 06/03/2019 02:49P
Sears’ bankruptcy has burned thousands of vendors worldwide
If you think shopping at Sears can be sad these days, it’s nothing compared to doing business with the struggling chain. Michelle Chan — whose Hong Kong-based company Mien Co. Ltd. manufactures handbags, wallets and belts for brands like Joe Boxer and Jaclyn Smith — says she lost her life savings when Sears filed for bankruptcy last October. The long-dreaded Chapter 11, which came after seasons of increasingly spotty shelves at Sears and Kmart stores, left Chan’s company on the hook for a whopping $4.2 million, as Sears rejected bills for several months’ worth of inventory she’d already shi...
Updated: 06/02/2019 10:32P
PG&E Bankruptcy Truly One-of-a-Kind
Numerous articles have boldly declared Pacific Gas and Electric (PG&E) to be the first of many climate change-related bankruptcies to come. The authors wag ...
Updated: 06/01/2019 03:00A
Owner of Beverly Hills ‘Mountain’ Files for Bankruptcy
Secured Capital Partners LLC, the current titleholder of 157 acres of undeveloped Beverly Hills real estate, once listed for $1 billion, files for chapter 11 to halt ...
Updated: 05/31/2019 06:42P
Judge Rejects Shopko's Bankruptcy Plan
A federal judge has rejected Shopko's bankruptcy plan.
Updated: 05/31/2019 02:31P
Primary Categories