Bankruptcy & Restructuring

Bankruptcy Q&A: The Things You Questions You Need to Ask

Bankruptcy Q&A: The Things You Questions You Need to Ask 1

10 Things You Should Know Before Filing For Bankruptcy  Crosby & Fox, Las Vegas – At its core, bankruptcy is a complex legal process that can assist individuals or businesses who are no longer able to repay their outstanding debts. However, bankruptcy is not to be taken lightly. While it gives a debtor the opportunity …

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5 Questions to Ask Your Bankruptcy Attorney Before You Hire Them

5 Questions to Ask Your Bankruptcy Attorney Before You Hire Them 3

Problems created by the current pandemic are pushing up bankruptcies and the legal questions that arise as a result are matters of increasing importance for those affected by financial hardship. As has been recently reported in the New York Times, the ‘Great Lockdown’ has seen the United States with the highest household debt in history, …

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The Advantages And Disadvantages Of Filing For Chapter 7 Bankruptcy

The Advantages And Disadvantages Of Filing For Chapter 7 Bankruptcy 5

Chapter 7 bankruptcy filings are an option for those facing financial issues. Although the number of bankruptcy filings in South Florida, including business bankruptcies, were down from a year ago despite the government-mandated business closures and the plummeting travel activity some prominent companies like TooJay’s and Cinemex Holdings USA did seek Chapter 11 protection If …

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What are the Pros and Cons of Chapter 7 Bankruptcy?

What are the Pros and Cons of Chapter 7 Bankruptcy? 6

>> The Benefits of Choosing a Chapter 7 Bankruptcy >> The Disadvantages of choosing the Chapter 7 Bankruptcy route Dan Drucker* Chapter 7 bankruptcy is a powerful option available for people who find themselves in an unsustainable financial situation that they must resolve in order to move forward with their lives. News reports frequently carry …

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Bankruptcy Law: Small Businesses in the US Can Now Go Bankrupt More Easily

Bankruptcy Law: Small Businesses in the US Can Now Go Bankrupt More Easily 7

Sponsored Up to now, reorganizing under Bankruptcy Code chapter 11 was too expensive and onerous a task for most small businesses. However, thanks to the Small Business Reorganization Act which will soon be coming into effect, small business owners will have a better way to survive in the long-term. At the present time, the U.S. …

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Bankruptcy Attorney Pleads Guilty to Embezzling From Bankruptcy Estate

Bankruptcy Attorney Pleads Guilty to Embezzling From Bankruptcy Estate 8

Geoffrey S. Berman, the United States Attorney for the Southern District of New York, announced that PINCUS DAVID CARLEBACH, a bankruptcy attorney, pled guilty today in Manhattan federal court to embezzling funds from a client’s bankruptcy estate. From January 2016 through February 2016, CARLEBACH, whose client was in bankruptcy proceedings in the United States Bankruptcy …

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Rights Offerings Prove Popular with Debtors and Distressed Investors

Rights Offerings Prove Popular with Debtors and Distressed Investors 9

Skadden Arps – The past few years have brought a number of large rights offerings in bankruptcies in the energy, healthcare, and retail sectors. Between January 1, 2015, and December 1, 2017, more than $5.5 billion was raised through rights offerings or private placements in more than two dozen large bankruptcy cases. In 2017 alone, …

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The Shale Boom Has Given Rise to A Bankruptcy Boom

The Shale Boom Has Given Rise to A Bankruptcy Boom 11

Spilman Thomas & Battle PLLC – The shale boom has given rise to another, less welcome boom: the bankruptcy boom. Thirty-five exploration and production (“E&P”) companies sought bankruptcy protection between July 1, 2014, and December 31, 2015, and this appears to be only the tip of the iceberg. According to Deloitte, 35 percent of the …

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Bankruptcy Law and Facebook and Twitter “Likes”

Butler Snow – In a recent opinion in In re: CTLI, LLC (Tactical Firearms), Judge Jeff Bohm in the United States Bankruptcy Court for the Southern District of Texas ordered a debtor to handover its Facebook and Twitter accounts to the reorganized debtor. The Court found that the Facebook and Twitter accounts were property interests …

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