If a debtor already in bankruptcy wins the lottery and does not declare the winnings, the court can determine that the debtor has not acted in good faith and has abused the system. In the bankruptcy statutes under 11 U.S.C. §707, the law allows the court to consider any postpetition ...
“Excluding so many people from the process of deciding to file for bankruptcy, including the vast majority of the board of directors, the chief financial officer and the general counsel, is nothing less than shocking,” Hale wrote. “The question the court is faced with is whether the existe...
and Texas—primarily use nonjudicial foreclosure, also calledpower of sale. This type of foreclosure doesn’t require the lender to file a formal lawsuit—in fact, it does not go through the court system at all unless the homeowner sues the lender to try to stop the proceeding.5 ...
DALLAS –The company operating the Alamo Drafthouse movie theaters in North Texas has declared bankruptcy, abruptly closing its six locations. The closures will impact 600 employees at five locations in North Texas including Dallas, Richardson, Las Colinas, Lake Highlands and Denton, as ...
The case was administered by the United States Bankruptcy Court, Southern District of Florida (Miami Division) (the "court"). The court entered an order approving the Plan on April 22, 1999. The Plan provided for the liquidation of Rose's assets and distribution of the proceeds to secured,...
Furthermore, in the event of bankruptcy of such a custodian, our digital assets held by that third party could, depending on the manner in which such assets are held, be considered the property of the bankruptcy estate and we could be treated as a general unsecured creditor in bankruptcy ...
We also leased a sales office facility in Singapore and engineering support facilities in Allen, Texas. On July 22, 2015, we entered into a lease agreement with respect to our facility located at 1305 O’Brien Drive, Menlo Park, California. The term of the O’Brien Lease is one hundred ...
Furthermore, the Fifth Supplemental Indenture eliminated certain events of default related to failures to pay, or acceleration of, debt (other than the 2021 Senior Notes), breaches of certain covenants, failure to pay certain judgments and certain events of bankruptcy, insolvency and reorganization. ...
Fourth Estate argued that “registration” meant “submission of a completed application,” based in part on the use of “make” (“make registration”) or “made” (“registration has been made”) in § 411(a). The use of “make” or “made” with “registration,” Fourth Estate conten...
Certain asbestos companies were court-ordered to establish bankruptcy trusts to compensate people harmed by their products.Asbestos trustscurrently contain over $30 billion for current and future mesothelioma victims. VA Claims Veterans who developed mesothelioma from service in the military may be able ...