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If companies do not survive the crisis, shareholders and creditors may pursue such claims in bankruptcy courts, with the directors and officers (and ultimately, their insurance) as the only remaining viable targets. [read post]
18 Mar 2020, 12:17 pm by Kevin Kaufman
Some otherwise sound and viable businesses may be forced into unnecessary bankruptcy without adequate access to bridge loans to span the crisis. [read post]
18 Mar 2020, 10:29 am by Robert Loeb, Katie Kopp, Melanie Hallums
In the United States, COVID-19 quickly transformed from a looming risk to a paralyzing pandemic. [read post]
18 Mar 2020, 8:28 am by Christie D. Arkovich, P.A.
We’ve gathered some information below for folks with student related questions if their job/business/income has been impacted by the CoronaVirus/COVID-19: Here some info below on servicers and US Dept of ED current updates: Nelnet; currently open “attempting to keep call centers staffed, however use online options”  Offers: Deferment, forbearance Continue reading → The post What to do with Your Federal Student Loan Payments during CoronaVirus/COVID-19: appeared first on… [read post]
18 Mar 2020, 7:47 am by Jill Michaux
The City of […] The post Utilities shutoff banned temporarily for coronavirus appeared first on Kansas Bankruptcy. [read post]
18 Mar 2020, 7:47 am by Jill Michaux
The City of […] The post Utilities shutoff banned temporarily for coronavirus appeared first on Neis Michaux Bankruptcy Law Office. [read post]
18 Mar 2020, 6:14 am
Owning a successful business that is cruising along like a well-oiled machine can be a very rewarding experience; just as owning a business that is digging itself deeper into debt can feel like suffocating jail cell. [read post]
18 Mar 2020, 2:04 am by NWDRLF
Completing the Bankruptcy Forms Under the bankruptcy code, there are several types of bankruptcy that a person may avail of. [read post]
17 Mar 2020, 2:19 pm by Kenneth Duvall and Philip R. Stein
Energy companies find themselves caught in the middle of an oil price war between Saudi Arabia, Russia, and the United States, and many are expected to file for bankruptcy.[26] Meanwhile, travel companies are suffering from outright travel bans in addition to the fear of traveling due to the coronavirus.[27] Entertainment companies are suffering as well; for example, movie theater chains have seen forecasts drop precipitously.[28] News about the coronavirus and its deleterious effects… [read post]
17 Mar 2020, 2:18 pm by Walker & Walker Law Offices
 Our bankruptcy system must be fixed to give responsible citizens a second chance. [read post]
17 Mar 2020, 1:58 pm
"The filing comes one week after a nonprofit sued the auction house for allegedly misappropriating funds. [read post]
17 Mar 2020, 1:51 pm
Bankruptcy is one practice that started slow at Texas firm Thompson & Knight in 2019, then picked up as the year went on. [read post]
17 Mar 2020, 1:37 pm by Kevin LaCroix
” The shareholder complaint says that as a result of the deal, Bayer has been “engulfed by a tsunami” of Round Up-related litigation, in which the verdict to day “cause Bayer’s market capitalization to collapse by over $60 billion, wiping out the entire ‘value’ of the Monsanto Acquisition” and supposedly even threatening the company with bankruptcy. [read post]
Based on a Bankruptcy Code provision that authorizes damages where a bankruptcy petition preparer improperly renders legal advice, the Baehrs argued that they suffered a concrete injury by paying for settlement services provided in contravention of RESPA. [read post]
17 Mar 2020, 12:02 pm by Will Baude
(It also answers one of the several questions at issue in the PROMESA litigation about Puerto Rico bankruptcy, though as I've written that statute is unconstitutional for other reasons.) [read post]
17 Mar 2020, 11:54 am by Robert Wilbert
Americans can’t go online, turn on the TV or go shopping without being bombarded with news about coronavirus. [read post]
17 Mar 2020, 10:41 am by Sandra L. Gottlieb
The Court in that case held that post-petition assessments that become due after a debtor has filed for Chapter 13 bankruptcy are also dischargeable under Federal bankruptcy law (11 USC Section 1328 (a)). [read post]