Arizona economy

Best bankruptcy credit card 2022: Rebuild your credit

Bankruptcy can help you reset your financial future. After you go through one, a wise step is to rebuild your credit. When searching for the best bankruptcy credit cards, it is vital to be realistic about the types of offers you might receive. In most instances, this might include you …

Read More »

Bankruptcy settlement shifts to the fast lane

The Ministry of Commercial Affairs is set to propose amendments to the Insolvency and Bankruptcy Code (IBC), based on recommendations made by a parliamentary panel, during the budget session of Parliament, according to a person familiar with folder. The IBC Amendment Bill, which must first be approved by the Union …

Read More »

Jordan Hall files for bankruptcy | national news

Jordan ‘JD’ Hall has filed for bankruptcy in federal bankruptcy court in Montana, saying he is unable to afford increasingly expensive attorney fees while fighting a lawsuit filed against him by Adrian Jawort. The bankruptcy filing also immediately suspends legal proceedings, including the penalty hearing scheduled for Wednesday. If this …

Read More »

Croatian luxury food importer initiates pre-bankruptcy proceedings

February 20, 2022 – Selection MM, a well-known Croatian luxury food importer owned by Marijo Mendek, has unfortunately started pre-bankruptcy proceedings. As Poslovny Dnevnik In writing, the Commercial Court of Zagreb has opened the pre-bankruptcy proceedings of the Selection MM company of Marijo Mendek, known as the most famous Croatian …

Read More »

Five years of the insolvency and bankruptcy code: a promising journey

Five years of the insolvency and bankruptcy code Five years of the insolvency and financial ruin code The Insolvency and Bankruptcy Code, 2016 (IBC), enacted on May 28, 2016, in reaction to an growth in non-appearing loans, seeks to deal with the trouble of non-appearing property (NPA) in ways. It …

Read More »

Rimrock Mall owners avoid bankruptcy with new management change | Local News

Rimrock Mall is under new management after Starwood Capital, the mall’s former owner, reached an agreement with its bank to transfer ownership and avoid foreclosure. Wells Fargo Commercial Mortgage Trust held Starwood’s $72.7 million loan when the pair reached an agreement last fall, according to a report in Direct Commercial …

Read More »

Boy Scouts bankruptcy judge pushes abuse settlement hearing after reviews

The Cushman Watt Scout Center, headquarters of the Boy Scouts of America for the Los Angeles Area Council, is pictured in Los Angeles, California October 18, 2012. REUTERS/Fred Prouser Join now for FREE unlimited access to Reuters.com Register The names of companies and law firms listed above are auto-generated based …

Read More »

Long-Struggling Ohio Valley University Files for Bankruptcy | News, Sports, Jobs

VIENNA — Considered the optimal option, Ohio Valley University filed for Chapter 7 bankruptcy Thursday in the United States Bankruptcy Court for the Northern District of West Virginia in Wheeling. The case was handled by attorney Martin P. Sheehan of Sheehan & Associates PLLC of Wheeling, according to a press …

Read More »

Pressure mounts on Biden administration to change student loan bankruptcy rules

President Joe Biden has campaigned to reform the bankruptcy system, which currently makes it extremely difficult to discharge student loan debt. Borrowers must meet a heavy burden of proof: that repayment of the loans would result in “undue hardship”. Last fall, Biden’s federal student aid chief, Richard Cordray, told Congress …

Read More »

Neiman Marcus bounces back from bankruptcy to open new Dallas ‘office center’

A Neiman Marcus store and manager Eric Severson (Neiman Marcus, Neiman Marcus Group, iStock) Neiman Marcus credits its hybrid work models with key to the chain’s efforts to emerge from near-death. The Dallas-based luxury retailer has announced the opening of a new “office center” in Dallas, according to the Dallas …

Read More »

These restaurants are on the verge of bankruptcy, according to recent data – Eat This Not That

Few industries have been hit by COVID-19 like restaurants. And nearly two years into the pandemic, the struggle to stay in business is far from over for thousands of operators. With chains like Ruby Tuesday and Golden Corral teetering on the brink of disaster, it’s really independent restaurants — local …

Read More »

Purdue Pharma mediator to recommend ways to end bankruptcy

Feb 17 (Reuters) – A mediator will soon present recommendations to end the bankruptcy of Purdue Pharma, which is expected to provide billions of dollars to tackle the opioid crisis the maker of OxyContin has been accused of fueling, a company attorney said Thursday. Purdue’s Sackler family owners and attorneys …

Read More »

Small business bankruptcy rules set to be expanded by Congress

The program grew as the pandemic ravaged millions of small businesses, the government raised the debt threshold to qualify for Sub-Chapter V to $7.5 million from $2.7 million , then extended it for another year. Without another renewal, the upper limit will expire next month, excluding thousands of businesses that …

Read More »

Senators urge CFPB to investigate private student lenders’ bankruptcy compliance

On February 10, several American senators sent a letter to CFPB Director Rohit Chopra claiming that private student loan companies and servicing agents have “intentionally misrepresented to borrowers” their ability to repay certain private student loans in the event of bankruptcy. Citing a report from the Center for Student Borrower …

Read More »

What you need to know – Forbes Advisor

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. If your business is behind on its bills, saddled with too much debt, and besieged by creditors, you may be able to take a break from Chapter …

Read More »

Owners of Pahrump Valley Winery file for bankruptcy

The parent company of Pahrump Valley Winery has filed for bankruptcy. Nevada Wine Cellars Inc., which operates the local winery at 3810 Winery Road in Pahrump, said it owed more than $1 million to creditors, including $9,153 to the Nye County Treasurer’s Office, according to a document filed January 31 …

Read More »

The awful sound of Shelley Luther’s moral bankruptcy

If you listen carefully to Shelley Luther’s Six Seconds of Silence, you can hear a lot. Luther, the Dallas hair salon owner who was made a political star by Texas Republicans in 2020 when she defied a pandemic-induced state order to temporarily close nonessential businesses, is running as state representative. …

Read More »

Evander Kane’s trustee wants to sue company that arranged his loans – The Athletic

The trustee overseeing Evander Kane’s Chapter 7 bankruptcy wants to sue Sure Sports, which typically arranges and guarantees high-interest loans to athletes. Sure Sports arranged the bulk of the undersea loans to the beleaguered NHL winger. Based in Hollywood, Florida, Sure Sports has arranged and likely underwritten hundreds of millions …

Read More »

Detroit woman goes from bankruptcy to business owner

DETROIT (WXYZ) — From welfare to Walmart is the mantra of a Detroit woman who clawed her way back from bankruptcy to become a successful business owner. It’s an unlikely road that she likes to share as an inspiration to other African Americans who find themselves hopeless, especially during this …

Read More »

Lawyers in 2 states sanctioned for association with national bankrupt law firm

House Daily News Lawyers from 2 states sanctioned for association… Ethics Lawyers in 2 states sanctioned for association with national bankrupt law firm By Debra Cassens-Weiss February 14, 2022, 1:59 p.m. CST Image from Shutterstock. Update: Lawyers in Iowa and Virginia have been disciplined for associating with a national bankruptcy …

Read More »