Phil Murphy’s Flawed School Funding Formula Sends One Of New Jersey’s Largest Districts Into Bankruptcy
TOMS RIVER, N.J. — The Toms River Regional School District is warning of potential summer school cancellations and exploring Chapter 9 bankruptcy as it faces a multimillion-dollar budget shortfall, despite increases in…
Local man sent to prison for tax evasion and bankruptcy fraud
HOUSTON – A man who evaded payment of his income taxes has been ordered to federal prison, announced U.S. Attorney Jennifer B. Lowery. David Felt pleaded guilty May 9. Today, U.S. District…
Moscow court accepts Google’s Russian unit’s bankruptcy application -agencies
MOSCOW (Reuters) – A Moscow court on Monday accepted a bankruptcy application by Google’s Russian subsidiary and started initial bankruptcy proceedings, placing the company under supervision, Russian news agencies reported. Alphabet Inc.’s…
China’s Didi EV joint venture with Li Auto applies for bankruptcy – court
SHANGHAI – Chinese ride-hailing firm Didi’s joint venture with Li Auto has applied for bankruptcy, according to a court filing, pointing to the end of a four-year-old partnership to make electric vehicles…
Licensed Attorney Pleads Guilty to Bankruptcy Fraud, Agrees to Disbarment
ST. PAUL, Minn.– A Willmar attorney has pleaded guilty to fraudulent concealment of bankruptcy assets, announced United States Attorney Andrew M. Luger. According to court documents, on November 3, 2015, Gregory Ronald…
Two Men Indicted in Separate Bankruptcy Fraud Schemes
SAN JUAN, Puerto Rico – Jorge Droz Yapur and Yamil Fonseca Salgado were indicted by a federal Grand Jury in relation to separate bankruptcy fraud schemes, announced W. Stephen Muldrow, U.S. Attorney…
Mexico’s Credito Real requests to enter U.S. Chapter 15 bankruptcy procedure
MEXICO CITY – Mexico’s Credito Real said on Tuesday it had requested to enter the U.S. Chapter 15 bankruptcy procedure as the company struggles to meet its financial obligations. In a securities…
Crypto lender Celsius defends bitcoin mining plans as bankruptcy kicks off
By Dietrich Knauth (Reuters) – Cryptocurrency lender Celsius Network said bitcoin mining is key to the company’s restructuring efforts at a U.S. bankruptcy court hearing on Monday in Manhattan. New Jersey-based Celsius…
Former Democrat Rep Files For Bankruptcy After Drowning In Legal Fees From Failed Lawsuit Over Nude Photos
Former Democrat Rep Files For Bankruptcy After Drowning In Legal Fees From Failed Lawsuit Over Nude Photos Gabe Kaminsky on July 13, 2022 A former Democratic California congresswoman who resigned in 2019…
Aeromexico shareholders back Mexico stock exchange exit in bankruptcy restructuring
By Kylie Madry MEXICO CITY – Aeromexico said on Tuesday that a majority of its shareholders approved a proposal to exit the main Mexican stock exchange as part of the airline’s bankruptcy…
Man Sentenced for Bankruptcy Fraud
WICHITA, KAN. – A California man was sentenced 36 months in prison following a jury conviction in March 2022 on one count of mail fraud and one count of making a false…
Revlon files for bankruptcy, blames supply chain snags
By Praveen Paramasivam, Maria Ponnezhath and Dietrich Knauth (Reuters) -Cosmetics maker Revlon Inc has filed for bankruptcy, falling victim to global supply chain disruptions that pushed up raw material costs and prompted…
Revlon’s road to bankruptcy
(Reuters) – Revlon Inc filed for Chapter 11 bankruptcy protection late on Wednesday as the debt-laden cosmetics company struggled to take on rising competition from celebrity-backed startups in recent years. Revlon, which…
Electric Last Mile Solutions initiates bankruptcy proceedings
(Reuters) – Electric Last Mile Solutions said in a filing https://www.sec.gov/ix?doc=/Archives/edgar/data/1784168/000121390022032839/ea161577-f8k_electrilast.htm on Tuesday the U.S. commercial electric vehicle startup had commenced bankruptcy proceedings and blamed a lack of funding for the decision.…
LATAM Airlines seeks bankruptcy court approval for $2.75 billion in exit loans
By Dietrich Knauth (Reuters) – LATAM Airlines Group SA, the largest air transport group in Latin America, on Monday asked a bankruptcy judge to approve $2.75 billion in new loans to fund…
EV maker Electric Last Mile Solutions files for bankruptcy
(Reuters) – U.S. commercial electric vehicle maker Electric Last Mile Solutions Inc (ELMS) said on Sunday it is planning to file for Chapter 7 bankruptcy, after a review of its products and…
Cosmetics maker Revlon nears bankruptcy filing – WSJ
(Reuters) – Cosmetics maker Revlon Inc is preparing to file for chapter 11 protection as soon as next week, the Wall Street Journal reported on Friday, citing people familiar with the matter.…
The New Head Of Black Lives Matter Has Filed For Bankruptcy Three Times: REPORT
The New Head Of Black Lives Matter Has Filed For Bankruptcy Three Times: REPORT Gabe Kaminsky on June 3, 2022 The Black Lives Matters Global Network Foundation’s new leader, Cicley Gay, has…
Alex Jones’ InfoWars agrees to dismiss bankruptcy
By Maria Chutchian (Reuters) – Three entities linked to conspiracy theorist Alex Jones’ InfoWars on Thursday agreed to dismiss their Chapter 11 case, marking a win for the families of the Sandy…
York County Man Sentenced For Bankruptcy Fraud
HARRISBURG—The United States Attorney’s Office for the Middle District of Pennsylvania announced that Christopher Gambrill, age 46, of Windsor, Pennsylvania, was sentenced yesterday to 3 years of probation by United States District…
Abingdon Man Sentenced on Bankruptcy Fraud Charge
ABINGDON, Va. – An Abingdon man, who concealed bank accounts and other assets from a federal bankruptcy court during his Chapter 11 bankruptcy proceedings, was sentenced yesterday to 12 months in federal…
Married Couple Facing Federal Indictment for a Series of Fraud Schemes, Including Passport Fraud, Wire Fraud, and Bankruptcy Fraud
Baltimore, Maryland – A federal grand jury has returned an indictment charging Andrews Oduro Brown, a/k/a Andrews Oduro, age 39, and Charmaine Miesha Brown, age 43, both of Germantown, Maryland, for conspiracies…
Three Family Members Sentenced in USDA Crop Loan and Bankruptcy Fraud Schemes
Three Northeastern Iowa family members were sentenced recently in federal court for their respective roles in crop loan and bankruptcy fraud schemes. Aimee Lynn Rosenbaum, formerly known as Aimee Lynn Flatjord, age…
Alaska Dentist and Wife Indicted for Tax Evasion, Bankruptcy Fraud, Wire Fraud and Money Laundering
WASHINGTON – In an indictment unsealed yesterday, a federal grand jury in Anchorage, Alaska, charged an Alaska dentist and his wife with tax evasion, conspiring to defraud the United States, bankruptcy fraud,…
Glen Allen Man Pleads Guilty to $400,000 Bankruptcy Fraud Scheme
RICHMOND, Va. – A Glen Allen man pleaded guilty today to executing a mail fraud scheme during the course of his bankruptcy proceeding in order to conceal the true extent of his…
Sandy Hook families’ lawyer says Alex Jones’ InfoWars bankruptcy is ‘sinister’
By Maria Chutchian (Reuters) – Families of the 2012 Sandy Hook Elementary School massacre called for InfoWars’ bankruptcy to be thrown out of court on Friday, accusing the far-right wing website of…
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