David S. Hagen, of Encino, California, is honored by the International Association of Who's Who as an Expert in Bankruptcy Law for his outstanding contributions within the field of Law.

The Department of Justice announced today the conclusion of its investigation into proposed acquisitions by Dairy Farmers of America Inc. (DFA) and Prairie Farms Dairy Inc. (Prairie Farms) of fluid milk processing plants from Dean Foods Company (Dean) out of bankruptcy.  The department’s investigation was conducted against the backdrop of unprecedented challenges in the dairy industry, with the two largest fluid milk processors in the U.S., Dean and Borden Dairy Company, in bankruptcy, and Dean faced with imminent liquidation.

BuzzFeed News: The J.Crew Bankruptcy Has Exposed A Hard Truth About The Influencer Economy. “The news this week that the parent company of beloved preppy brand J.Crew and its hip millennial sister, Madewell, had filed for bankruptcy led to an outpouring of sadness from fans across social media. It also led to a stark revelation … Continue reading BuzzFeed News: The J.Crew Bankruptcy Has Exposed A Hard Truth About The Influencer Economy

The New York-based chain, known for preppy clothing at times worn by former first lady Michelle Obama, filed for bankruptcy in a Virginia federal court with an agreement to eliminate its roughly $1.65 billion of debt in exchange for ceding ownership to creditors.

J. Crew announced that its parent company, Chinos Holdings, had filed for Chapter 11 protection in U.S. Bankruptcy Court.

Neiman Marcus Group, the 113-year-old chain known for its high-end department stores, filed for bankruptcy on Thursday, making it the second major retailer to do so during the coronavirus pandemic. The Dallas-based retailer has struggled to pay down nearly $5 billion in debt, much of it from leveraged buyouts in 2005 and 2013. The pandemic […]

Luxury department store chain Neiman Marcus Group Ltd. LLC has filed for bankruptcy protection citing the severe impact of coronavirus or COVID-19 pandemic on its business. In a statement, Neiman Marcus Group said it has entered into a Restructuring Support Agreement or RSA with a significant majority of its creditors to undergo a financial restructuring.

States are in dire financial trouble because of the coronavirus pandemic. Some Republican leaders in Washington D.C. have suggested states declare bankruptcy, but is that a possible option?

JC Penney Co Inc is preparing to file for bankruptcy protection as soon as next week with plans to permanently close about a quarter of its roughly 850 stores, becoming the latest major US retailer to succumb to fallout from the coronavirus outbreak, according to people familiar with the matter.

Robyn Hausler continued paying her mortgage and rates for six years, not realising the house she'd lived in for 20 years wasn't hers anymore. Now a court has ruled she can have her property back.

Neiman Marcus has filed for Chapter 11 bankruptcy protection, the first department store chain and second major retailer to be toppled by the coronavirus pandemic.

Neiman Marcus has filed for Chapter 11 bankruptcy protection, the first department store chain and second major retailer to be toppled by the coronavirus pandemic.

Financial planners have a big hate going for bankruptcy. They almost universally nay-say it and point to the many alternatives. CPAs and attorneys, on the other hand, often speak of the advantages to filing bankruptcy and are quick to point out the “fresh start” aspect of the move. But it’s a fact that too many...

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As COVID-19 continues to shut down sporting events across the globe, a former Roughriders’ CEO says it could be the greatest threat the CFL has ever faced.

The chain will be shutting 300-350 stores as part of its global business overhaul.

Moratorium under the Insolvency And Bankruptcy Code

The California-based utility requested that a federal bankruptcy court prevent FERC from enforcing the conditions of the more than 380 power purchase agreements (PPAs) that the utility may want to exit under its Chapter 11 bankruptcy filing.

The San Francisco-based utility is under investigation for any role its equipment might have played in the deadly wildfires of late 2018, only one year after getting blamed for an earlier, devastating rash of blazes.

On January 14, 2019, California’s largest utility, PG&E, filed a bankruptcy notice stating that it plans to file for Chapter 11 bankruptcy by the month end on January 29th. Given its business situation, PG&E must proceed with the bankruptcy process unless lawmakers step in because PG&E’s current liabilities from California’s 2017 and 2018 fires are about 10 times PG&E’s current market cap of $3.5 billion, which is down 90% since last Fall. Obviously, this is a big issue for the cleantech industry since PG&E covers a territory that runs from Eureka to Bakersfield, including 106,000 miles of electric grid.

The California-based utility requested that a federal bankruptcy court prevent FERC from enforcing the conditions of the more than 380 power purchase agreements (PPAs) that the utility may want to exit under its Chapter 11 bankruptcy filing.

Kior Inc., a maker of biofuels from crops such as switchgrass, wood chips and corn husks, filed for bankruptcy protection with a plan to sell its assets to affiliates of backer Vinod Khosla if no better offer emerges.

Lehman Brothers, the fourth largest investment bank in the US, filed for bankruptcy this morning.   If you have funds which have entered into OTC derivatives contracts with Lehmans under an ISDA Master Agreement you may be considering your posi...

The stay on debt collection proceedings will end on 22 April 2020. The Federal government adopted emergency law on 16 April 2020, in order to prevent coronavirus-related bankruptcies and the resulting job losses. The “COVID-19 Insolvency Ordin...

On 3 June 2016, the Supreme Court ruled that a valid right of pledge can be established on goods that are delivered subject to retention of title (of ownership). If the buyer is declared bankrupt, the conditional ownership can become an uncondition...

A serial litigant known for taking the Hong Kong government to court faces being declared bankrupt after the justice department filed a petition against him.Retired civil servant Kwok Cheuk-kin, dubbed the “king of judicial reviews” by the media, has been filing applications with the High Court since 2006, often challenging the legality of government policies and decisions.But many of his attempts ended in failure, and despite being ordered to bear the government’s legal costs in such…

U.S. luxury department store chain Neiman Marcus Group said on Friday it received court approval to access $675 million of its debtor-in-possession financing, which will allow continuity of the company's business during Chapter 11 bankruptcy proceedings and enable it to pay employees and vendors.

U.S. luxury department store chain Neiman Marcus Group said on Friday it received court approval to access $675 million of its debtor-in-possession financing, which will allow continuity of the company's business during Chapter 11 bankruptcy proceedings and enable it to pay employees and vendors.

Neiman Marcus Group filed for bankruptcy protection on Thursday, marking one of the highest-profile collapses yet among retailers forced to temporarily close stores in response to the COVID-19 pandemic. Freddie Joyner has more.

J. Crew is filing for Chapter 11 bankruptcy as it...

The post J. Crew Files For Bankruptcy During Coronavirus Pandemic appeared first on Man's World India.

Shuttered stores worsened Montreal-based company’s already struggling business

'You can’t have a going out of business sale when you can’t get your business open'

U.S. luxury department store chain Neiman Marcus Group said on Friday it received court approval to access $675 million of its debtor-in-possession financing, which will allow continuity of the company's business during Chapter 11 bankruptcy proceedings and enable it to pay employees and vendors.

Small ISPs want investigation as Frontier tries to block FCC funding for rivals.

Curtis Jackson was shot nine times before becoming one of the world’s biggest rappers. He discusses growing up, getting rich and the art of the hustle

Curtis Jackson has downsized. The rapper/actor/businessman, better known as 50 Cent, used to live in a palace of a house formerly owned by Mike Tyson. Not any more. He has been in self-isolation for six weeks and is more than happy to make do with a three-bed apartment (on four floors, mind) in New York. He can’t remember when he was last in one place for so long, he says, and is learning about himself. “I’ve become a bit more comfortable with being in my own space. I don’t think being at home is a punishment.”

He bought the Tyson house after his triumphant first album; Get Rich Or Die Tryin’ shifted 12m copies in 2003, making it the bestselling album of the year. It was explosive – growling rap packed with threats, boasts and great songs such as In Da Club and Many Men.

Founded by designer John Varvatos in 1999, the luxury menswear retailer offers a range of apparel, accessories, and fragrances.

Barcelona presidential candidate Victor Font believes the Catalan club could face "economic bankruptcy and moral decay" under the current board.

Neiman Marcus, the 112-year-old storied luxury department store chain, has filed for Chapter 11 bankruptcy protection, the first department store chain to be toppled by the coronavirus pandemic.

As a result of the largest environmental bankruptcy in U.S. history, $1.79 billion has been paid to fund environmental cleanup and restoration under a bankruptcy reorganization of American Smelting and Refining Company LLC (ASARCO).

The U.S. Trustee Program has successfully resolved litigation against Countrywide Home Loans Inc. in its ongoing efforts to protect homeowners in bankruptcy.

Under a global bankruptcy settlement lodged in federal bankruptcy court in Manhattan today, Tronox Inc. and its affiliated debtors will pay $270 million into trusts and to federal and state agencies that will fund the cleanup of contaminated sites in 22 states.

A St. Petersburg, Fla., man was arrested today on bankruptcy fraud charges.

Under a settlement agreement lodged today in federal bankruptcy court in Delaware, Caribbean Petroleum Corp., Caribbean Petroleum Refining L.P., and Gulf Petroleum Refining Corp. – Puerto Rico will pay more than $8.2 million to address environmental liabilities relating to CAPECO’s former petroleum distribution facility in Bayamón, Puerto Rico, and more than 170 service stations owned or leased by CAPECO throughout Puerto Rico.

German A. Posada of Las Vegas pleaded guilty before U.S. District Judge Philip M. Pro to charges of filing a false 2004 individual income tax return and making a false statement in a bankruptcy proceeding.

Frederic Alan Gladle, 53, was charged on Dec. 9, 2011, in U.S. District Court in Los Angeles with one count of bankruptcy fraud and one count of aggravated identity theft.

German A. Posada was sentenced to 18 months in prison following a guilty plea to charges of filing a false 2004 individual income tax return and making a false statement in a bankruptcy proceeding, the Justice Department and the Internal Revenue Service (IRS) announced today.

Frederic Alan Gladle, 53, was sentenced by U.S. District Judge Lee Yeakel.