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Kodak declares bankruptcy, 10 years later

ROCHESTER, N.Y. (WHTM) – January 19, 2022, marks the 10th anniversary of the day one of America’s great success stories came to an end, as the Eastman Kodak Company filed…

2nd Circle Reignites bankruptcy fraud claims against McKinsey

By Dorothy Atkins (January 19, 2022, 8:12 p.m. EST) — The Second Circuit on Wednesday relaunched a racketeering lawsuit accusing McKinsey & Co. of intentionally failing to disclose disqualifying conflicts…

Closure of Menominee’s Enstrom Helicopter, filing for bankruptcy

MENOMINEE, Mich. (WLUC) – Enstrom Helicopter Corp. announced Wednesday that after 64 years of near-continuous operations, Enstrom will close on Friday. Due to several financial difficulties, the owners of Enstrom…

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

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…

Crowell & Moring rehire senior U.S. attorney in Los Angeles

By Rachel Rippetoe (January 19, 2022, 4:36 PM EST) – Crowell & Moring LLP announced on Wednesday that a senior federal corruption prosecutor has returned to the firm’s Los Angeles…

NJ Bankruptcy Judge Overturns J&J Tort Committee Split

By Rick Archer (January 19, 2022, 3:42 PM EST) – A New Jersey bankruptcy judge on Wednesday reversed the split of the U.S. Trustee’s Office of the Tort Committee in…

Supreme Court refuses to hear Delphi’s pension termination case

The U.S. Supreme Court has refused to hear the case of former Delphi Corp employees. who sued when their pension was terminated by their company and the Pension Benefit Guaranty…

DA seeks to jail pro player Robin Hood 702 over tweets

RJ Cipriani, a professional gambler known for splitting his winnings with the less lucky and information sharing with the FBI, questions Clark County District Attorney Steve Wolfson’s application of justice.…

Jailed Bruce Matson sued by LandAmerica trustee for $500,000

FDC Philadelphia, the federal detention center where disbarred Richmond attorney Bruce Matson is currently being held after he was sentenced to four years in prison for stealing money from LandAmerica’s…

I spent $20,000 on a house my brother promised but failed to sell to me. I texted: ‘Congratulations on the sale. Now is your chance to do the right thing.

In 2014, I was renting a three-bedroom duplex house from my brother in Spring, Texas. Towards the end of 2015, I remarried. In late 2016 or early 2017, my brother…

Sex abuse claimants torn apart by Boy Scout bankruptcy plan | Local News

Members of the tort plaintiffs committee, which is made up of nine abuse survivors appointed as trustees for all plaintiffs in the bankruptcy process, said they did not expect the…

[COLUMN] Can bankruptcy change your life for the better? —

AS A bankruptcy attorney, I’m often asked, “How will filing for bankruptcy change my life?” I think people ask this question because of the negative things they may have heard…

Red River moves forward in bankruptcy court

FORT WAYNE, Ind. (WANE) – Red River Waste Solutions’ bankruptcy proceedings advanced Thursday in Texas federal court. WANE 15 has obtained court documents for the hearing and they show that…

Munster woman ordered to pay more than $80,000 in restitution to Chapter 13 trustee | USAO-NDIN

HAMMOND—Mary Lois Cossey, 55, of Munster, Indiana, was sentenced today by United States District Court Judge Philip P. Simon following her August 2021 guilty plea to a count wire fraud…

Is it better to declare bankruptcy before or after a divorce? | On your debt

It’s really not a yes or no question! Everyone’s circumstances vary, but there are a few scenarios we see on a regular basis. First of all, if you find yourself…

Two famous Anthony restaurants file for bankruptcy following hepatitis outbreak

ROANOKE, Va. (WDBJ) – The company that owns two Famous Anthony’s restaurants in Roanoke has filed for Chapter 11 bankruptcy following an outbreak of hepatitis that left four people dead…