Avon economy

Bankruptcy Alert – When PPP Wasn’t Enough: Considerations for Lenders When PPP/EIDL Borrowers File for Bankruptcy | Kaufman & Canoles

[ad_1] Travel back in time to the spring of 2020: people search for toilet paper and spray their groceries with Lysol. Additionally, lenders are tackling new loan programs created under the CARES Act. Lenders quickly learn how to process applications for Paycheck Protection Program (PPP) and Economic Disaster Loan (EIDL) loans and navigate an ever-changing […]

Avon economy

Bankruptcy Alert – When PPP Wasn’t Enough: Considerations for Lenders When PPP/EIDL Borrowers File for Bankruptcy | Kaufman & Canoles

[ad_1] Travel back in time to the spring of 2020: people search for toilet paper and spray their groceries with Lysol. Additionally, lenders are tackling new loan programs created under the CARES Act. Lenders quickly learn how to process applications for Paycheck Protection Program (PPP) and Economic Disaster Loan (EIDL) loans and navigate an ever-changing […]

Avon economy

Analysis of bankruptcy data reveals patterns that point to broader social and economic trends

[ad_1] Credit: Unsplash/CC0 public domain A new paper co-authored by a University of Illinois at Urbana-Champaign expert who studies consumer credit issues provides the first comprehensive look at bankruptcy filers in more than 30 years, shedding light on the factors of economic stress faced by US debtors. An analysis of consumer bankruptcies from 2013 to […]

Avon economy

Tommy Robinson sued for an estimated £2m debt after filing for bankruptcy | tommy robinson

[ad_1] Far-right activist Tommy Robinson is being sued for around £2million by his creditors after he declared bankruptcy in a High Court libel suit. English Defense League founder, real name Stephen Christopher Yaxley-Lennon, declared himself bankrupt in a High Court trial last year in which he was ordered to pay £100,000 damages for defamation to […]

Avon economy

Judge signs plan and resolves Puerto Rico bankruptcy battle | News

[ad_1] The plan marks the largest municipal debt restructuring in U.S. history and was approved following grueling negotiation efforts, heated hearings and multiple delays as the island struggles to recover. deadly hurricanes, earthquakes and a pandemic that has deepened its economic crisis. “There has never been a public restructuring like this anywhere in America or […]

Avon economy

A Bankrupt Central Texas Ranch Has Been Taken Over By A Major Land Brokerage Company

[ad_1] (Facebook/XS Ranch, iStock) An 8,700-person Texas ranch that had been in development purgatory for more than five years has finally emerged from bankruptcy and found a buyer, paving the way for its potential development. Capital Land Investments 3 LP has purchased 10,000 acres in Bastrop County, including the XS Ranch, from CL Bastrop, the […]

Avon economy

Shock rejection of Purdue Pharma opioid deal draws scrutiny from bankruptcy system

[ad_1] The surprise rejection Purdue Pharma LP’s sweeping opioid settlement is already rippling through the rest of the bankruptcy system. Ascena Retail Group, the former owner of women’s fashion brands including Ann Taylor and Lane Bryant, is the latest company to see a bankruptcy deal fall apart over its use of so-called third-party releases. The […]

Avon economy

Enstrom Helicopter files for bankruptcy

[ad_1] Through Upright magazine | January 20, 2022 Estimated reading time 6 minutes, 1 second. Enstrom Helicopter Corp., one of the helicopter industry’s most reputable airframe manufacturers, has declared bankruptcy and will close on January 21. Enstrom employees pose alongside an Enstrom 480B at the company’s factory in Menominee, Michigan. Photo Enstrom Helicopter In a […]

Avon economy

Former Toys ‘R’ Us executives and board charged with fraud in bankruptcy case

[ad_1] Lawsuit on behalf of Toys ‘R’ Us creditors charges Toys ‘R’ Us executives and board members … [+] acted fraudulently during the company’s bankruptcy proceedings in 2017. Jane Verdon Toys “R” Us creditors who were burned in the company’s bankruptcy presented new evidence that Toys “R” Us executives and board members pushed their own […]

Avon economy

Treatment of interim agreements in bankruptcy remains uncertain, but limited consensus may emerge | Skadden, Arps, Slate, Meagher & Flom LLP

[ad_1] Take away food Pipeline companies have opposed efforts by oil and gas producers to reject interim collection agreements in the event of bankruptcy, saying the exclusive “dedication” provisions in these agreements “run with the land” under state law and prevent rejection. Bankruptcy and appellate courts have come to different conclusions as to the validity […]

Avon economy

Women’s fashion retailer Escada America files for bankruptcy

[ad_1] Diving brief: Women’s fashion retailer Escada America has filed for Chapter 11 bankruptcy, citing the ongoing ramifications of the pandemic and failed lease negotiations with some owners. The retailer, which operates 10 stores in the United States, plans to close five locations as part of the bankruptcy process. In court papers, the company said […]

Avon economy

Moral Bankruptcy and Community Decay – Baptist News Global

[ad_1] For if the disinherited get a new focus like patriotism, for example – freedom within a sense of homeland or nationhood, then the goal of not being killed is swallowed up by a larger, more transcendent goal. Above all, the disinherited must have no interest in the social order; they must be made to […]

Avon economy

When to apply for a credit card after bankruptcy

[ad_1] After a bankruptcy filing, the task of repairing your credit begins. But how soon can you apply for new credit? It depends on the type of bankruptcy you filed, as your bankruptcy must first be discharged. It can take as little as six months or as long as five years. Types of bankruptcy There […]

Avon economy

Genting Hong Kong files for bankruptcy to avoid ‘messy liquidation’

[ad_1] The Genting Dream cruise ship began operating from Hong Kong in late 2021 (Dream Cruises) Posted on January 18, 2022 at 8:48 PM by The Maritime Executive Genting Hong Kong today filed for interim liquidation of the company after reporting that it had exhausted its negotiations and no longer had access to cash. The […]

Avon economy

Supreme Court faces trustee fees under Chapter 11 bankruptcy

[ad_1] What is the meaning of a Chapter 11 Bankruptcy? Chapter 11 bankruptcy uses restructuring to assist businesses that have large debt loads. Businesses that apply to file Chapter 11 under the U.S. Bankruptcy Code collaborate with BankruptcyHQ creditors to consolidate their debts and restructuring their business. A company file plans post-bankruptcy which could comprise: Reduced […]

Avon economy

A judge will decide the fate of J&J Baby Powder’s bankruptcy strategy in February

[ad_1] Johnson & Johnson is expected to know by the end of next month whether its controversial bankruptcy filing to try to resolve billions of dollars in cancer claims can proceed, or whether the consumer products giant must individually pursue about 38 000 lawsuits. U.S. Bankruptcy Judge Michael B. Kaplan said in court on Friday […]

Avon economy

Whatcom County hits record high for bankruptcy filings

[ad_1] Despite numerous pandemic-related shocks to Whatcom’s economy, bankruptcy filings in 2021 hit an all-time high. Last year, 155 bankruptcies from all chapters were filed in Whatcom County, according to data from the US Bankruptcy Court Western District of Washington in Seattle. That’s down 25% from the 2020 total and 47% from the pre-pandemic period […]