Legal News Articles - Bankruptcy
January 26, 2018. By LAS Staff Writer.
Miami, FL (January 24, 2018) A Florida judge signed an order today holding creditor, IH5 Property Florida LP with GP IH5 Borrower GP LLC, more commonly known as Invitation Homes, in contempt of court for intentional violation of the automatic stay. Miami bankruptcy attorney, Timothy S. Kingcade’s client filed a Chapter 7 petition on November 30, 2017. Despite having notice of the bankruptcy filing, on December 5, 2017, the creditor, Invitation Homes, proceeded to file an eviction action against the client. Attorney Kingcade filed a motion to hold the landlord in contempt of court for violating the automatic stay. The motion adequately showed that Isamar Alers of Invitation Homes had actual knowledge of the bankruptcy on November 30.Read [ Creditor Held in Contempt of Court for Violating Automatic Stay ]
February 11, 2013. By Lucy Campbell.
Read [ S&P Faces Federal Lawsuit over 2008 Financial Crisis ]
Washington, DC The federal government is seeking $5 billion in penalties from rating agency Standard & Poors (S&P) in a civil suit alleging consumer fraud. The lawsuit alleges that S&P defrauded investors by inflating ratings and understating risks associated with mortgage-backed securities.
December 17, 2010. By Lucy Campbell.
Read [ Madoff Investor Returns $7.2 Billion to Ponzi Victims ]
New York, NY The estate of Jeffrey M. Picower, a philanthropist and investor from Palm Beach, has reached a settlement with the Trustee charged with recovering assets from the Madoff bankruptcy, Irving H. Picard, and the United States attorney for the Southern District, Preet Bharara that will see a total of $7.2 billion cash made available to compensate the victims of Bernard Madoff's global ponzi scheme. The announcement comes on the heels of the suicide of 46-year old son Mark Madoff, who hung himself in his New York loft this week.
February 3, 2010. By Charles Benson.
Read [ Filing for Bankruptcy Is the Latest in a String of Financial Losses for Clinic ]
Chicago, IL For the East Chicago Community Health Center, filing for bankruptcy may have seemed inevitable. The institution just endured its fifth consecutive year of financial loss, prompting the removal of its founder and CEO, Cornell Brantley, and the resignation of its CFO, Ricardo Perez.
December 30, 2009. By Charles Benson.
Read [ Actor Nicolas Cage Could Face Two $3 Million Contract Fraud Lawsuits ]
Hollywood, CA In the latest legal fiasco surrounding the famous Hollywood actor, Nicolas Cage, the star of such popular films as National Treasure and Gone in 60 Seconds, is facing a multi-million dollar contract fraud lawsuit stemming from a real estate deal gone sour.
December 8, 2009. By Charles Benson.
Read [ New York's Off Track Betting Corporation Files for Bankruptcy ]
New York, NY The Off Track Betting Corporation, one of the oldest legalized gaming companies in the country, recently announced that it will be seeking bankruptcy protection citing dwindling profits and a need for reorganization.
November 16, 2009. By Charles Benson.
Read [ Tribune cancels employee stock plan ]
Chicago, IL Media conglomerate the Tribune Company, owner of such journalistic stalwarts as the LA Times, the Chicago Tribune and the Sun Sentinel, has announced that it will be canceling its employee stock plan once the company's bankruptcy protection elapses in the next year.
November 7, 2009. By Gordon Gibb.
Read [ More Banks Close, Bankruptcies Expected to Rise ]
Washington, DC While it was painful, the recent bankruptcy of General Motors (GM) shows that bankruptcy law can be a viable option in the face of insurvivable bankruptcy debt and other challenges stemming from an injured economy. As with GM, many companies and private individuals have emerged from the pain of bankruptcy stronger, with the help of a personal bankruptcy lawyer. But there are still problems out there and according to the Washington Post regulators shut the doors of more banks November 6th.
October 6, 2009. By Gordon Gibb.
Read [ Bankruptcy Debt Requires a Good Bankruptcy Lawyer ]
Toledo, OH The financial meltdown of 2008 has had a huge impact on bankruptcy. Not surprisingly it's up—way up, as bankruptcy debt stemming from the lingering fiscal crisis of last year sent Americans fleeing to their bankruptcy lawyer with the prospect of bankruptcy debt settlement as the only means to survive such troubled times.
September 18, 2009. By Charles Benson.
Durham, NC: Mainline Contracting, a company that reported more than $80 million in revenue last year, has filed for Chapter 11 bankruptcy protection.Read [ Construction company files for bankruptcy, owes as much as $50M ]
- Energy Company Plans to File Bankruptcy (Mar-27-08)
- Bankruptcy Debt Help: Interview with Bankruptcy Lawyer By Jane Mundy (Mar-12-08)
- Budget Woes May Force Vallejo to Declare Bankruptcy (Mar-3-08)
- ATM Financial Files Bankruptcy Amid Fraud Accusations (Feb-17-08)
- Hospitals Allegedly May Hold at Least One Purse String of Personal Bankruptcies (Feb-12-08)
- Mike Nifong, Former Durham D.A., Files Bankruptcy (Feb-11-08)
- Bankrupt and Belly Up By Jane Mundy (Feb-10-08)
- Bankruptcy Debt Help: When You're In Over Your Head By Gordon Gibb (Feb-8-08)
- Supplier for Chrysler Files Bankruptcy (Feb-4-08)