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…
Former Paralegal for Chicago Law Firm Charged With Embezzling Bankruptcy Estate Funds
CHICAGO — A former paralegal for a Chicago law firm has been indicted for allegedly embezzling more than $600,000 from bankruptcy estate accounts. BECKY LOUISE SUTTON fraudulently embezzled the funds from 2009…
Alex Jones’ InfoWars files for bankruptcy in U.S. court
(Reuters) -Far-right wing website InfoWars on Sunday filed for voluntary Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas in the face of multiple defamation lawsuits.…
Former Air Force Officer Sentenced to More Than Five Years in Prison for Theft of Government Property and Bankruptcy Fraud
MOBILE, AL – A Maine man was sentenced to 63 months in prison for theft of government property and bankruptcy fraud. According to court documents, Brandon LeRoss Bailey, 43, of Holden, Maine,…
Insurance company owner sentenced after lying to bankruptcy court, underreporting income
SAVANNAH, GA: A Chatham County insurance company owner has been sentenced to federal prison for lying in bankruptcy court and his tax returns. Jaques Andres Frym, 53, of Pooler, Ga., was sentenced…
Florida woman sentenced for bankruptcy fraud
CLARKSBURG, WEST VIRGINIA – Heather Lynn Pratt, of Fort Myers, Florida, was sentenced today to five years of probation for bankruptcy fraud, United States Attorney William Ihlenfeld announced. Pratt, 32, pleaded guilty…
Disbarred Attorney Sentenced To Four Years For Conspiring To Commit Bankruptcy Fraud And Defrauding Clients Of $1.3 Million
Tampa, Florida – U.S. District Judge Thomas Barber has sentenced James Lee Clark (61, Wilton Manors) to 48 months in federal prison for conspiracy to commit bankruptcy fraud and wire fraud. Clark…
Clintwood Man Pleads Guilty to Bankruptcy Fraud
ABINGDON, Va. – A Clintwood, Virginia man, who concealed his ownership interest in a waste management company and failed to report his employment and income from that business on his Chapter 7…
Abingdon Man Pleads Guilty to Bankruptcy Fraud
ABINGDON, Va. – An Abingdon man, who concealed bank accounts from a federal bankruptcy court during his Chapter 11 bankruptcy proceedings, pleaded guilty last week to one count of bankruptcy fraud. Ronald…
Russia offers fast-track bankruptcy to departing companies
MOSCOW – Foreign companies that want to leave Russia will receive fast-tracked bankruptcy protections or can hand their stakes over to local managers until they return to Russia, First Deputy Prime Minister…
Husband and Wife Plead Guilty to False Statement to an Agency of the United States, Tax Evasion, and Bankruptcy Fraud
DETROIT – A Dearborn, Michigan husband and wife were arraigned yesterday on charges of false statement to an agency of the United States, tax evasion, and bankruptcy fraud, U.S. Attorney Dawn N.…
J&J unit proposes independent exam if it remains in bankruptcy
By Dietrich Knauth, Tom Hals and Mike Spector – A Johnson & Johnson subsidiary proposed on Friday that it would submit to an independent examination of the corporate restructuring the healthcare giant…
Chinese businessman Guo Wengui files for bankruptcy in U.S. court
– Chinese businessman Guo Wengui, also known as Ho Wan Kwok, filed for individual bankruptcy protection in a U.S. bankruptcy court in Bridgeport, a court filing showed. Guo listed assets in the…
Knoxville Woman Sentenced To 44 Months In Prison For Embezzling Approximately $725,000, Filing False Tax Returns, And Bankruptcy Fraud
KNOXVILLE, Tenn. – On February 3, 2022, Michelle Clabough, 45, of Knoxville, was sentenced to a term of imprisonment of 44 months by the Honorable R. Leon Jordan, in the United States…
Analysis-Aeromexico may still hit bumps after bankruptcy exit
By Valentine Hilaire MEXICO CITY – Aeromexico looks set to emerge from bankruptcy within days, but analysts believe the Mexican airline faces stiff challenges taking on low-cost competitors like Volaris, now the…
As Aeromexico aims for bankruptcy exit, junior creditors decry reorg plan
By Maria Chutchian – Grupo Aeromexico SAB de CV is nearing the finish line of its restructuring with a proposed plan to reduce debt by more than $1 billion, but must first…
Illinois Attorney Sentenced to Two Years in Federal Prison for Bankruptcy Fraud
ROCKFORD — An Illinois attorney has been sentenced to two years in federal prison for committing bankruptcy fraud. U.S. District Judge Iain D. Johnston imposed the sentence Wednesday on KEVIN O. JOHNSON,…
CEO of Private Jet Charter Company Convicted of Bankruptcy Fraud
ALEXANDRIA, Va. – A federal judge convicted a Reston businessman yesterday on a series of fraud charges relating to a bankruptcy case in which he discharged over $6 million in personal debt.…
Former Richmond Attorney Sentenced to Obstructing Investigation of Bankruptcy Embezzlement
RICHMOND, Va. – A former Richmond attorney was sentenced today to 44 months in prison and ordered to pay a $10,000 fine for obstructing an official proceeding in connection with his attempts…
CONSUMER ALERT: Attorney General James Seeks to Protect New Yorkers’ Wallets by Urging ShrubBucket Customers to File Bankruptcy Claim
NEW YORK – New York Attorney General Letitia James today issued an alert, urging New York customers of ShrubBucket to immediately file a claim in the company’s ongoing bankruptcy proceedings if they are…
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