chapter bankruptcy
Curebase hires Katri Langel as Senior Director of Program Development for Europe
SAN FRANCISCO, September 23, 2021 / PRNewswire / – Curebase, a Company Committed to Democratizing Access to Clinical Studies, Appoints International Computing and Clinical Trials Veteran Katri Langel as senior director of program development for the European market. Curebase is a provider of decentralized clinical research software and services, with the goal of fueling research …
Cannabis companies can’t file for bankruptcy – now what? | Lowndes
The government’s response to the COVID-19 pandemic has resulted in federal assistance to many industries and individual taxpayers, but notably left the marijuana industry legalized by the state. in the cold. As we discussed earlier herebusinesses and individuals involved in the marijuana industry are likely not eligible for bankruptcy protection, as marijuana remains illegal under …
Maison Premiere and Sauvage, millions in debt, file for bankruptcy protection
Williamsburg Oyster Bar First House and the French restaurant Greenpoint Savage — who both share the same owners — have filed for Chapter 11 bankruptcy protection, though both are still open. Maison Premiere, a James Beard Award-winning bar, and Sauvage have collectively accumulated $3.2 million in outstanding debt to banks and other entities, according to …
90s country star files for bankruptcy | House
2003 album by country singer Sammy Kershaw I want my money back could soon take on a whole new meaning. The singer filed for Chapter 13 bankruptcy on Tuesday. Kershaw’s filing did not specify the amount of his debts or assets, only ticking the boxes from $100,001 to $1 million for both. To file Chapter …
[email protected]: Farmers declare bankruptcy | Free universal school meals?
The long-term collapse of the U.S. agricultural economy, coupled with food supply chain chaos due to COVID-19, has rendered unprecedented levels of government assistance to farmers unnecessary. U.S. farm debt hit more than $425 billion in 2020, and farm economists say more farms will file for Chapter 12 bankruptcy next year if trade aid and …
Increase in farm bankruptcies – WEST AG INFORMATION NETWORK
Rise in farm bankruptcies With your Southeast Regional Farm Report, I’m Trevor Williams. Chapter 12 bankruptcy filings continue to grow as farmers face a combination of changing consumer demands, fluctuating commodity prices and, now, the challenges of living in the middle. of the pandemic. Chapter 12 bankruptcy was created in 1986 in response to poor …
Here’s what you need to know about filing for Chapter 13 bankruptcy
Justice. Getty Often when we think of bankruptcy, we imagine someone having all their assets repossessed. However, that is only about the Chapter 7 bankruptcy form. This article will cover Chapter 13 bankruptcy, which allows you to keep your assets and pay off your debts through a repayment plan. Read on to learn more about …
Oil & Gas Extraction reshuffles executives and board after debt restructuring
Extraction Oil & Gas Inc. (OTCMKTS: XOGAQ) has brought in a new CEO after being cleared of Chapter 11 bankruptcy several weeks ago. In a statement, the Denver-based company said former board chairman Tom Tyree would become CEO, while former CEO Matt Owens would be demoted to chief operating officer. The company will also resume …
9th Cir. Holds that debtor’s acknowledgment of debt does not excuse late proof of claim
The United States Court of Appeals for the Ninth Circuit recently ruled that if a creditor wishes to participate in the distribution of a debtor’s assets under Chapter 13, it must timely file a proof of claim, and the acknowledgment by the debtor of the debt owed to the creditor does not exonerate the creditor …
Guitar Center files for bankruptcy to get out of debt but plans to stay open | Northwest Indiana Business Titles
Guitar Center has filed for bankruptcy as it seeks to restructure its debt. Provided Guitar Center, which like many retailers struggled during the COVID-19 pandemic, filed for bankruptcy in an attempt to reduce its $ 800 million debt. The California-based musical instrument retailer plans to keep its stores open, including its Hobart location at …
UPDATE 1-Seadrill Partners seeks bankruptcy protection
(Add background, details) OSLO, Dec. 1 (Reuters) – Seadrill Partners LLC on Tuesday announced that it has filed for Chapter 11 bankruptcy to restructure its debt, further sign of financial difficulties for the broader Seadrill oil rig group Ltd. “The company intends to use the bankruptcy process to ensure that all obligations of customers, suppliers …
Greensill Capital to prepare to file for bankruptcy
SoftBank Group Founder, Chairman and CEO Masayoshi Son announces his group’s results on May 9, 2019 in Tokyo. Alessandro Di Ciommo | NurPhoto | Getty Images Greensill Capital is preparing to file for Chapter 13 bankruptcy in UK, says report of the Financial Times on Wednesday, citing sources familiar with the matter. The insolvency case …
Now is the time to improve health care | Letter to the editor
Many of our elected officials seem unaware that many poor and middle class people experience health care nightmare. Medical debt is the number one cause of Chapter 13 bankruptcy and homelessness. Nearly one in four Americans ignore medical care because of the cost. Nearly 500,000 people in Washington and about 10 percent of Jefferson County …
Exxon plans to reduce debt and increase dividends
Exxon Mobil (XOM) – Get the Exxon Mobil Corporation report Wednesday outlined plans through 2025 to increase profits and cash flow, increase dividend, fund projects and reduce debt, as the oil giant struggles to reassure investors after a year in which it suffered its very first loss as a public enterprise. Shares of Irving, Texas, …
U.S. corporate bankruptcies in 2020 near 500 as deposits continue to rise
Corporate bankruptcies in the United States continue to grow during the coronavirus crisis as 24 companies joined the 2020 casualty list and brought the cumulative total closer to 500, according to an analysis by S&P Global Market Intelligence. A total of 470 companies went bankrupt this year as of September 7, more than the number …
JC Penney’s bailout deal approved by bankruptcy court
(Reuters) – A U.S. judge on Monday approved a deal to save JC Penney Co Inc from bankruptcy proceedings precipitated by the coronavirus pandemic, averting a liquidation that would have bankrupted the besieged department store chain and put at risk tens of thousands of jobs. The U.S. Southern District of Texas bankruptcy court has approved …
Bankruptcy Cannot Protect Doctor’s Debt to Nurse Practitioner
Doctor’s debt to nurse practitioner Ms. J had been a Certified Adult Practitioner (NP), in her state, when Dr. C, an infectious-disease specialist, hired. Ms. J had a job that included communicating with patients, collecting patient information, and making preliminary visits to hospitals. Ms. J discovered after months of work that the position was not suitable. She …
Shale driller Chaparral Energy files for bankruptcy due to pandemic
(Reuters) – Oklahoma shale driller Chaparral Energy Inc filed for Chapter 13 bankruptcy on Sunday, the latest casualty in the U.S. energy sector in recent months as COVID-19 crushes demand of oil. The company’s assets and liabilities were between $ 500 billion and $ 1 billion, according to a case filed in U.S. bankruptcy court …
Key points to remember from the changes made by the CAA to the Bankruptcy Code; No provision of the Law on the extension of care increasing eligibility in subchapter V
The Consolidated Appropriations Act (CAA), one of the most important bills ever passed by Congress, was enacted on December 27, 2020. In addition to providing funding and additional relief from COVID, the CAA contains several changes to Title 11 of the Bankruptcy Code to provide temporary relief and flexibility to debtors, landlords, tenants and sellers …
GNC avoids bankruptcy; gets 90 days maximum to repay the debt
GNC Holdings, Inc. has reached a last-minute deal with creditors that allows it to avoid bankruptcy for at least 30 days but no more than 90 days under a deal announced Friday, the health care company said. and wellness based in Pittsburgh. GNC faced a Saturday deadline to pay off debt below $ 50 million …
Exclusive: Neiman Marcus to file for bankruptcy this week – sources
Through Mike spector, Jessica dinapoli (Reuters) – Neiman Marcus Group is preparing to seek bankruptcy protection as early as this week, becoming the first major U.S. department store operator to succumb to the economic fallout from the coronavirus outbreak, people close to it have said folder. The debt-laden Dallas-based company found itself with few options …
Guitar Center Bankruptcy cases
The deal further includes $ 165 million in new equity investments from a fund managed by the private equity group of Guitar Center’s majority owner, Ares Management Corporation (which acquired a controlling stake in the company in 2014. ), new investor Brigade Capital Management, a fund managed by The Carlyle Group and other lenders. The …
Wave of oil and gas bankruptcies in North America to continue at $ 40 / bbl of crude: report
(Reuters) – A wave of oil and gas bankruptcies in North America set to continue this year as oil prices remain depressed and a new wave of COVID-19 cases threaten to block any recovery in fuel demand Haynes and Boone law firm said in a report released this week. Bankruptcies increased in the second quarter, …
New advantages for certain companies declaring bankruptcy; Many will lose their eligibility on March 27
The 2021 Consolidated Credit Act (LCA), promulgated in December 2020, broadens the advantageous reorganization conditions already available for companies in difficulty under sub-chapter V of Chapter 13 bankruptcy of the Bankruptcy Code. Now reorganizing businesses have more time to decide whether to keep or reject real estate leases and can extend rental obligations as part …
Creditors demand bankruptcy of once-high-profile Chinese HNA
BEIJING, Jan.29 (Reuters) – Creditors of the Chinese group HNA have filed a petition in a Chinese court to have the company bankrupted and restructured, which could give a fresh start to the remaining assets of the once-very large conglomerate. acquirer. The HNA Group said in a WeChat article on Friday that it was informed …
Top 10 Consumer Bankruptcy Changes Proposed in the Consumer Bankruptcy Reform Act 2020
On December 9, 2020, Congressional Democrats including Elizabeth Warren (D-Mass.) And Jerrold Nadler (DN.Y.) proposed sweeping legislation that would revise consumer bankruptcy law. The proposed changes generally make it easier for consumers to access Chapter 13 bankruptcy and repay their debts. Below is a discussion of 10 critical changes proposed in the Consumer Bankruptcy Reform …
FTS looking for hydraulic fracturing below 48, pricing to be strengthened in 2021
Pure completion expert FTS International Inc. is off to a good start in 2021, with 13 fracture fleets currently in service, compared to 10.5 in the fourth quarter. In the release of 4Q2020 and last year’s results, CEO Michael Doss said prices for U.S. fracking services were stagnating, but there were signs of a stronger …
Belk files for Chapter 11 bankruptcy, giving retail icon a lifeline
CHARLOTTE, NC – Belk filed for Chapter 11 bankruptcy in Houston on Tuesday night. This is the first step in the retail icon’s reorganization plan that will see its owner, Sycamore Partners, cede a significant share of the company to its lenders while retaining control. If approved, the bankruptcy plan is expected to give Belk …
Oasis Petroleum files for bankruptcy as shale collapse continues
(Reuters) – Oasis Petroleum Inc filed for Chapter 11 bankruptcy on Wednesday, the latest U.S. shale producer to seek court-assisted restructuring amid shock shock to the energy sector ‘an unprecedented collapse in oil prices due to the COVID-19 pandemic. FILE PHOTO: A drilling rig on a lease owned by Oasis Petroleum performs logging operations in …
Reasons not to file a complaint against a bankrupt debtor
It is a cardinal sin to attempt to collect debt or repossess collateral after a borrower has filed for bankruptcy. Bankruptcy triggers automatic stay – a command, not a suggestion, that the collection activity cease. This is a fundamental principle of bankruptcy and should be common knowledge, but sometimes there will be a case that …
Top 10 Bankruptcy Truths Creditors Should Know Spilman Thomas & Battle, SARL
Much of the bankruptcy gossip stemming from the pandemic world we find ourselves in now focuses on the cascade of new Chapter 13 bankruptcy cases that are expected to arrive soon. We’ve already seen the effects of closed stores and lack of foot traffic on some of the big names in retail (JC Penney, J. …