Bankruptcy Documents

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Thursday, 29 October 2020

Latest News for: Bankruptcy documents

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US FCC clears sale of OneWeb to UK government and Bharti

Eweekly 29 Oct 2020

A officially approves the sale of the London-based satellite operator, clearing the way for it to leave its Chapter 11 bankruptcy proceedings. The document confirms the two main parties will hold 42.3% stakes ... The FCC states.. [OneWeb] has been granted U.S ... A New York bankruptcy court had previously approved the sale earlier this month ... Starlink ... Image ... ....

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Bonuses before bankruptcy: Companies doled out millions to executives before filing for Chapter 11

Messenger-Inquirer 28 Oct 2020

The coronavirus recession tipped dozens of troubled companies into bankruptcy, setting off a rush of store closures, furloughs and layoffs ... Penney and Neiman Marcus, doled out millions in executive bonuses just before filing for Chapter 11 protection, according to a Washington Post analysis of regulatory filings and court documents....

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An alleged fraudster CEO's car collection just auctioned for $44 million — see the 15 ...

Business Insider 28 Oct 2020

After declaring bankruptcy, the executive, Najeeb Khan, was court-ordered to part ways with his massive collection to pay off more than $100 million in liabilities ... Since then, he's resigned from his company and filed for bankruptcy — over the weekend, his staggering collection of nearly 300 vehicles was sold off to pay his mountain of debt....

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New UAE Decree amends Commercial Transactions Law, including on bounced cheques

Gulf News 26 Oct 2020

Dubai ... These come into force in 2022 ... The Decree also makes bounced cheques an executive document to be executed directly by an appropriate judge in court. Read More. UAE's revised Bankruptcy Law extends valuable 12 months to struggling businesses Revised Bankruptcy Law a major lifeline for UAE companies ... ....

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Remington Arms terminates 585 employees in Ilion

Times Telegram 26 Oct 2020

The sale of the Remington plant in Ilion to Roundhill Group, LLC was approved late last month in federal bankruptcy court as part of the Remington Outdoor Company bankruptcy case, according to court documents. Court documents show the assets of Remington Outdoor Company, which has ......

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Union: Remington Arms terminates 585 employees in Ilion

Observer Dispatch 26 Oct 2020

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With Bankruptcies Mounting, Faltering Oil and Gas Firms Are Leaving a Multi-billion Dollar Cleanup Bill ...

Resilience 22 Oct 2020

This is where bankruptcy laws gets murky ... This year, the research organization Documented has reported on multiple examples of CEOs being rewarded by the firms they led into bankruptcy, rather than fired, noting that the bankruptcy process “may open new avenues for CEOs to enrich themselves at the expense of workers, creditors, and equity owners.”....

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Wed. 11:46 a.m.: OxyContin maker Purdue Pharma to plead to 3 criminal charges

The Vindicator 22 Oct 2020

The resolution will be detailed in a bankruptcy court filing in federal court ... through bankruptcy court, the U.S ... The state governments that oppose the settlements are pushing in bankruptcy court for documents that would spell out details of the Sacklers’ finances....

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UPDATE 4-OxyContin maker Purdue to plead guilty over opioid practices, deal sparks opposition

Union Leader 22 Oct 2020

A $3.54 billion criminal fine and $2.8 billion civil penalty are likely to receive cents on the dollar as they compete with trillions of dollars of other claims from those communities and other creditors in Purdue's bankruptcy proceedings, according to court documents and people familiar with the matter....

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Boris Becker accused of failing to hand over Wimbledon and Australian Open trophies when bankrupt

London Evening Standard 22 Oct 2020

Tennis legend Boris Becker is accused of failing to hand over his sporting trophies including the 1985 Wimbledon men's single title during his bankruptcy proceedings, new court documents have revealed ... ....

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Natty Greene's owners vow to keep Greensboro restaurant open as brewery files for Chapter 7 bankruptcy

Winston-Salem Journal 22 Oct 2020

According to court documents, Natty Greene's Brewing Co ... Now, bankruptcy documents show, Natty's owes Greensboro Baseball $108,000, which Lester said stems from a promotional dispute....

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Exide allowed to abandon multiple recycling plant sites, leaving taxpayers to foot cleanup bill

Democratic Underground 21 Oct 2020

Debtors represent that they do not have the funds to complete the remediation and that the current funding for the bankruptcy cases is projected to be exhausted by the end of September 2020,'' according to the settlement document posted on the Department of Justice website ... https.//abc7.com/exide-battery-plant-in-vernon-bankruptcy-doj/7167011/....

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