Bankruptcy

Pearlridge Center Owner Files For Ch 11 Bankruptcy Reorganization

Washington Prime Group also secured $100 million in debtor-in-possession financing from the creditors led by SVPGlobal to support day-to-day operations at the malls, including Pearlridge Center on Oahu.

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Hertz's Chapter 11 Restructuring Plan Has Been Confirmed By A Bankruptcy Court, Paving The Way For...

A passerby walks past a closed Hertz car rental shop on May 23, 2020 in Paris. Edward Berthelot/Getty Images Hertz said Thursday its restructuring plan has been confirmed by court and it is set to exit bankruptcy on June 30. The exit paves the way...
Related topics: France, Paris

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Bankruptcy Filing Rates Not Rising, May Go Lower

The latest data from Epiq Systems shows that year-over-year bankruptcy filings dropped again in May after an increase in April. The April and May figures are particularly important because they give us two months of year-over-year comparisons with...

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Trade Wars Are Hard To Win, Part Lxxiv

Bloomberg: The surge of cheap panels from China dealt a crushing blow to U.S. manufacturers — and Solyndra wasn’t the only casualty. After three other U.S. solar manufacturers sought bankruptcy protection, Obama in 2012 slapped duties as...
Related topics: Bloomberg, China, Solyndra, Barack Obama

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John Oliver Calls Out Cereal Companies For Their Selfish Laziness

John Oliver tackles some tough subject matter. From bankruptcy to for-profit prisons, Oliver will use his show, Last Week Tonight, to examine topics that may make some uncomfortable. This week's internet special segment about the lack of recent...

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Luis Ruelas: I'm Totally Gonna Propose To Teresa Giudice! Soon!

Luis Ruelas is looking to make an honest woman out of Teresa Giudice.* (Okay, granted, Giudice pleased guilty in 2016 to bankruptcy fraud and then spent many months in jail for, literally and legally, not being honest. So Ruelas has quite the...

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The Young Lawyer Who Became The 'don Quixote' Of Canceling Student Debt

Austin Smith Alan Chin for Insider Austin Smith spent years helping student loan borrowers cancel debt they wrongly assumed was exempt from bankruptcy. Smith argued that courts had systematically misinterpreted the federal bankruptcy code in...

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The Young Lawyer Who Became The 'don Quixote' Of Canceling Student Debt

Austin Smith Alan Chin for Insider Austin Smith spent years helping student loan borrowers cancel debt they wrongly assumed was exempt from bankruptcy. Smith argued that courts had systematically misinterpreted the federal bankruptcy code in...

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Elliott, Apollo, Caesar's Palace And A Bunch Of Bankruptcy Law Professors

One of the most dramatic stories in corporate finance and bankruptcy over the past decade has been the Caesar's Palace battle between a bunch of hard nosed distressed debt hedge funds and big bad private equity shops.  A bunch of masters of...
Related topics: Hedge Funds

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Retail Rescuer Authentic Brands Could Ipo In 2021

The company that has been instrumental in rescuing numerous retailers out of bankruptcy is considering going public.According to Bloomberg, brand management firm Authentic Brands is considering an initial public offering, perhaps as soon as this...
Related topics: Initial Public Offering, Bloomberg

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Msnbc Panel Unleashes On 'moral Bankruptcy' Of Marjorie Greene And 'snowflakes' In The Republican...

MSNBC commentator John Heilemann unleashed on Rep. Marjorie Taylor Greene (R-GA) for her anti-Semitic attacks and downplaying of the Holocaust. He followed by going full bore against the Republican Party for continuing to be "snowflakes" over...
Related topics: MSNBC

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Judge Shopping In Bankruptcy

Several months ago, I did a long post about how Purdue Pharma's bankruptcy was the poster child for dysfunction in chapter 11.The gist of the argument is that the procedural checks and balances that make chapter 11 bankruptcy a fair and...
Related topics: Purdue University

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Wall Street Bets Was Right: Hertz's Bankruptcy Auction Will Actually Give Shareholders A Handsome...

Reuters Retail traders helped spur a nearly 825% spike in Hertz last summer after it filed for bankruptcy. They bought the stock even as Hertz said its shares could be "worthless." Shareholders will receive a payout in Hertz's takeover...
Related topics: Reuters

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Ex-uk Prime Minister David Cameron Says He Was Paid More By Greensill Capital Than He Earned As Pm

David Cameron denied that his lobbying of ministers and top civil servants for a government-backed loan for Greensill Capital was intended to secure a "bailout" for the firm, claiming he had no idea it was headed for bankruptcy at the time.
Related topics: United Kingdom, David Cameron

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The Week In Bankruptcies: Maui Seafoods Llc.

Honolulu area bankruptcy courts recorded one business filing - including zero with total debt above $1 million - during the week that ended May 7 of this year. Year to date through May 7, the court recorded five Chapter 7 or Chapter 11 business...

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Purdue Pharma's Bankruptcy Has Cost The Company Nearly $400 Million In Professional Fees

Purdue Pharma's Bankruptcy Has Cost The Company Nearly $400 Million In Professional Fees Today in the "efficiency of the legal system" news... Professionals working on the bankruptcy of Purdue Pharma have amassed almost $400 million of...
Related topics: Purdue University

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In Blow To Nra, Federal Judge Dismisses Group's Bankruptcy Case

Kenny Stancil, staff writer"The NRA is not above the law," said one group working to end gun violence. "For too long, they have cheated U.S. taxpayers in pursuit of an extremist agenda that has made our country less safe. Enough."

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A Texas Judge Threw Out The Nra's Bankruptcy Case, Clearing The Way For New York's Attempts To...

National Rifle Association CEO Wayne LaPierre at the Conservative Political Action Conference in 2017. Associated Press/Alex Brandon A Texas judge rejected the NRA's attempt to go bankrupt, siding with New York state prosecutors. Prosecutors...

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'it’s Sickening': Lawyers In Boy Scouts Bankruptcy Case Trashed For Billing Millions Of Dollars...

According to a report in the New York Times, the bankruptcy judge and an insurer involved in settling cases of sexual abuse of kids in the Boy Scouts are both appalled and questioning the millions of dollars being billed by a multitude of lawyers...

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Preit Earnings: Modest Progress, Lots Of Work Left

Pennsylvania Real Estate Investment Trust (NYSE: PEI) survived a brief trip through bankruptcy in late 2020. However, it emerged with as much debt as ever. And with the COVID-19 pandemic still weighing on a wide variety of retail tenants, the mall...
Related topics: US Equity Markets

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