Latest News for: Bankruptcy documents

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Philippine Airlines: Filing for Chapter 11 bankruptcy?

Gulf News 17 May 2021
While a Chapter 7 business bankruptcy filing involves liquidation, Chapter 11 allows a business to restructure its debts and remain in operation ... PRE-PACKAGED BANKRUPTCY? PAL is reportedly working on documentation for a “pre-packaged bankruptcy”, local media stated, citing “people familiar” with the process.
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Mainland, HK reach joint legal agreement

China Daily 15 May 2021
Hong Kong Secretary for Justice Teresa Cheng Yeuk-wah, who is the other signatory of the document, said the establishment of a cross-border bankruptcy assistance mechanism will help protect the interests of debtors and creditors and facilitate bankruptcy and liquidation processes.
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Texas Legislature approves bill to ban residential wholesale electricity plans

Tyler Morning Telegraph 15 May 2021
Those plans include the kind that caused February power bills to skyrocket for several customers of Griddy Energy and other companies ... But the legislative clock is ticking ... Griddy, with its approximately 29,000 customers who were charged $29 million for energy during the winter storm, according to bankruptcy court documents, has gone out of business.
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Texas Legislature considers bill banning residential wholesale electricity plans

TDT News 15 May 2021
Those plans include the kind that caused February power bills to skyrocket for several customers of Griddy Energy and other companies ... But the legislative clock is ticking ... Griddy, with its approximately 29,000 customers who were charged $29 million for energy during the winter storm, according to bankruptcy court documents, has gone out of business.
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The impending privatization of Puerto Rico's Energy Authority is a plan to shortchange workers

The Hill 14 May 2021
... investigation of the contract — the flawed procurement process, the careless approach to budgeting and savings, the poorly documented transfers of money between commonwealth agencies — look like more of the same problems that brought Puerto Rico to bankruptcy in the first place.
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Bill banning wholesale power prices passes

The Facts 14 May 2021
Those plans include the kind that caused February power bills to skyrocket for several customers of Griddy Energy and other companies ... But the legislative clock is ticking ... Griddy, with its approximately 29,000 customers who were charged $29 million for energy during the winter storm, according to bankruptcy court documents, has gone out of business.
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Texas Legislature approves bill to ban residential wholesale electricity plans — the first major winter ...

The Marshall News Messenger 14 May 2021
Those plans include the kind that caused February power bills to skyrocket for several customers of Griddy Energy and other companies ... But the legislative clock is ticking ... Griddy, with its approximately 29,000 customers who were charged $29 million for energy during the winter storm, according to bankruptcy court documents, has gone out of business.
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Legislature approves bill to ban residential wholesale electricity plans

Lubbock Avalanche-Journal 14 May 2021
Those plans include the kind that caused February power bills to skyrocket for several customers of Griddy Energy and other companies ... But the legislative clock is ticking ... Griddy, with its approximately 29,000 customers who were charged $29 million for energy during the winter storm, according to bankruptcy court documents, has gone out of business.
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Snyder Team Goes After Michigan AG Nessel Over Bankruptcy Records Released During Flint Case

CBS Sports 14 May 2021
Snyder’s attorney’s argue Nessel’s office needs to be held in contempt for releasing bankruptcy documents as part of his ongoing Flint trial.READ MORE ...
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Snyder's legal team wants AG's office sanctioned over bankruptcy records

Detroit news 12 May 2021
Rick Snyder wants a federal bankruptcy court to hold Attorney General Dana Nessel's office in contempt, arguing confidential documents had been released as part of the Flint water proceedings ... related to this bankruptcy case, received the same set of documents," the filing says.
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Flint water prosecutors released confidential information, Snyder’s attorneys claim

Michigan Live 12 May 2021
Lennon said although only a fraction of the 21 million documents related to the Flint water cases has been released by prosecutors, there are “thousands of emails between participants, judges, and mediators in the Detroit bankruptcy case” -- documents that had been sealed by the federal court.
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Federal judge rejects National Rifle Association's Texas bankruptcy case, bolstering New York attorney general's lawsuit

Killeen Daily Herald 12 May 2021
Bankruptcy Judge in Texas on Tuesday dismissed an attempt by the National Rifle Association to file for Chapter 11 protection and avoid a lawsuit filed by New York State Attorney General Letitia James. In a 38-page document, U.S ...Without a doubt, the board was deceived when bankruptcy language was hidden in Mr.
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Judge Tosses NRA’s Attempt to Relocate to Texas

The Daily Beast 11 May 2021
A bankruptcy judge in Texas called the National Rifle Association’s ... The gun rights organization filed for bankruptcy in January despite boasting five million members and 500 employees, and it brings in roughly $300 million in revenue each year, according to court documents.
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Sharks’ Evander Kane hit with $15 million lawsuit from bank

SiliconValley.com 06 May 2021
San Jose Sharks forward Evander Kane, who filed for bankruptcy in January, has been sued by one of his creditors for $15 million ... “It appears likely that the initial planning of the bankruptcy was believed to be already in process and in progress when Kane requested the loan from Professional Bank.
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Six former Reagor Dykes Auto Group employees sentenced for roles in massive fraud scheme

Lubbock Avalanche-Journal 05 May 2021
The borrowed money was then used to cover other expenses, according to court documents. The investigation came after RDAG filed for Chapter 11 bankruptcy in 2018 after Ford Motor Credit sued the dealership alleging a fraud ... his personal bank account, according to court documents.
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