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6 Ways to Get Rid of Credit Card Debt Quickly

It’s a fantastic moment to pay off credit card debt. Following the COVID-19 epidemic, the economy is beginning to return to normality, and the typical American’s personal savings rate has reached new highs. Many individuals are still saddled with high-interest credit card debt, which will undoubtedly become worse when the Federal Reserve raises interest rates […]

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Lawsuit expected to consider approval of Boy Scouts bankruptcy plan

DOVER, Del. (AP) — More than two years after the Boy Scouts of America filed for bankruptcy protection amid a spate of child sex abuse allegations, a judge will determine whether to confirm its proposed reorganization plan in a trial beginning Monday. The trial in U.S. bankruptcy court in Delaware is expected to drag on […]

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Fear of bankruptcy forces Alligator Blood north

The controversial owner of Alligator Blood has said his Group 1 winner will head north to Queensland to target the Stradbroke Handicap after Racing New South Wales sensationally banned his horses from racing in the state. Allan Endresz says NSW officials confirmed last week that they will no longer allow the majority of horses he […]

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West Bank waterfront acreage heads for bankruptcy auction in April | Economic news

A parcel of waterfront property that was earmarked for a $50 million condominium project on the West Bank will be sold next month after a bankruptcy court judge ordered it to be auctioned off to settle debts. The three undeveloped parcels covering approximately 3.3 acres were owned by River Street Ventures LLC, which filed for […]

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The repairman who alerted the FBI that Hunter Biden’s laptop is facing bankruptcy

The computer repairman at the center of the Hunter Biden laptop saga is ready to tell his side of the story. In a new interview with the New York PostJohn Paul Mac Isaac, who in 2020 alerted the FBI to incriminating emails, text messages, photos and financial documents about Biden’s infamous laptop, before handing it […]

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Rosewood Realty’s Corbin Group Sells Portfolio of Three Bankrupt Properties

Rosewood Realty has arranged the sale for $5.4 million of a mixed-use bankruptcy portfolio of three buildings in the busy 5th Avenue shopping corridor in Sunset Park, Brooklyn. The four-story buildings at 4811, 5505, 5507 Fifth Avenue were sold as part of a reorganization plan at $292 per square foot, per Greg Corbin and Chaya […]

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Detroit bankruptcy documentary to open 2022 Freep Film Fest

Detroit’s historic bankruptcy will be in the spotlight on the opening night of this year’s Freep Film Festival. “Gradually, Then Suddenly: The Bankruptcy of Detroit” will premiere to the public on April 27 at the Detroit Film Theater at the Detroit Institute of Arts. The documentary will also be streamed – free of charge – […]

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A U.S. bankruptcy judge has approved Purdue Pharma and Sacklers’ $6 billion settlement agreement with the states, according to Connecticut AG

The new agreement, reached earlier this month after eight states and the District of Columbia finally appealed a previous agreement, does not protect the Sackler families from future criminal liability related to the opioid crisis. “No settlement will ever come close to remedying the magnitude of the suffering and damage caused by Purdue and the […]

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Russia’s credit rating downgrade pushes it to the brink of bankruptcy

Russia is set to default on its debts as Fitch Ratings lowered its credit ratings on the country further into junk territory. The rating agency cut Russia’s sovereign debt to its second-lowest level, down six notches to C. That’s just a step above borrowers who defaulted. “The ‘C’ rating reflects Fitch’s view that a sovereign […]

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Russia-backed grocery app Buyk seeks US cash as bankruptcy looms

Russia-backed grocery delivery app Buyk, which has been crippled by sanctions, is seeking U.S. backers in a bid to save itself from bankruptcy, The Post has learned. In a company-wide call hours after Buyk suddenly suspended its 15-Minute Delivery service and fired 98% of its employees due to Russian sanctions, CEO James Walker presented three […]

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Mexico: New federal courts for commercial bankruptcy proceedings (concursos mercantiles)

In order to encourage the promotion and specialized attention of corporate restructuring and insolvency proceedings, by agreement of the Plenary Assembly of the Federal Judicial Council of Mexico, two district courts specializing in commercial bankruptcy cases (concursos mercantiles) were created, located in Mexico City. Commercial Bankruptcy Courts By means of General Agreement 4/2022 (the “Agreement”) […]

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Avoiding avoidance actions in bankruptcy | Flaster Greenberg PC

For most non-bankruptcy attorneys, their first experience in bankruptcy court could most likely begin with a call from an agitated and bewildered client asking for help in figuring out why he was being sued by a trustee in a bankruptcy case. bankruptcy filed by one of his clients. Worse still, the customer’s disbelief can only […]

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Russia offers accelerated bankruptcy for companies leaving

The skyscrapers of the Moscow International Business Center, also known as ‘Moskva-City’, are seen just after sunset in Moscow, Russia July 12, 2018. Picture taken July 12, 2018 REUTERS/Christian Hartmann Join now for FREE unlimited access to Reuters.com Register MOSCOW, March 4 (Reuters) – Foreign companies wishing to leave Russia will receive fast-track bankruptcy protection […]

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Nord Stream 2 operator denies filing for bankruptcy

The Swiss company behind the Nord Stream 2 gas pipeline denied on wednesday that he filed for bankruptcy but confirmed that he terminated employee contracts. Why is this important: Long seen as a Kremlin influence project that would increase Europe’s energy dependence on Russia, Nord Stream 2 was one of the first targets of the […]

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New York Federal Court Upholds Bankruptcy Court Fraudulent Conveyance Finding for Tax Sale Foreclosure – Insolvency/Bankruptcy/Restructuring

United States: New York Federal Court Upholds Bankruptcy Court Fraudulent Transfer Finding for Tax Sale Foreclosure March 01, 2022 Riker Danzig Scherer Hyland & Perretti To print this article, all you need to do is be registered or log in to Mondaq.com. The United States District Court for the Western District of New York recently […]

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Caring for older parents is so expensive that even AARP’s expert filed for bankruptcy

Amy Goyer is AARP’s expert on family and caregiving. She has written two books on the subject and has her own consulting business. “I am a care expert. How did I end up bankrupt? ” she says. Ms Goyer exhausted her savings and ended up relying on credit cards after being financially drained by the […]

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J&J unit offers independent review if it remains bankrupt

Feb 18 (Reuters) – A subsidiary of Johnson & Johnson on Friday offered to submit to an independent review of the corporate restructuring undertaken by the healthcare giant in a bid to settle claims in a U.S. court bankruptcies of thousands of lawsuits alleging J&J baby powder and other talc products cause cancer. Greg Gordon, […]

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Boy Scouts bankruptcy judge pushes abuse settlement hearing after reviews

The Cushman Watt Scout Center, headquarters of the Boy Scouts of America for the Los Angeles Area Council, is pictured in Los Angeles, California October 18, 2012. REUTERS/Fred Prouser Join now for FREE unlimited access to Reuters.com Register (Reuters) – The final hearing on the Boy Scouts of America’s proposed reorganization plan and underlying sexual […]