He had in June informed Spirit shareholders that the company was not considering filing for bankruptcy protection. Some analysts on Thursday expected Spirit to work out a deal with its bondholders. "We suspect Spirit should be able to renegotiate with creditors outside of bankruptcy...
Station Casinos Mulls A Bankruptcy Filing.Station Casinos Mulls A Bankruptcy Filing.The article reports on the plan of Las Vegas, Nevada-based Station Casinos Inc. to file for bankruptcy protection as part of its prepackaged restructuring plan meant to significantly lower its debt and keep the gamb...
The bankruptcy indicates the problems of the gambling industry in the face of a U.S. recession and the collapse of the real estate bubble in Las Vegas, Nevada.McCrackenJeffreyAudiTamaraEBSCO_bspWall Street Journal Eastern Edition
Chapter 13 is sometimes called the “wage earners” or “reorganization” bankruptcy. It is designed primarily for people with a regular income who may have fallen behind on their debt payments, and people who do not qualify for chapter 7 bankruptcy. In chapter 13, individuals work with a cre...
The information contained in this Item 7.01 and Exhibit 99.1 is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. In addition, the information contained in ...
This time, cosmetics beauty brand Revlon hasfiledfor Chapter 11 bankruptcy due to growing debts, supply chain issues, and increased competition. . If itsfilingis approved, Revlon anticipates receiving $575 million in financing from current lenders that will help keep it afloat. . ...
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 ...
and are careful to ensure that the record is properly filed in the correct jurisdiction. Then when the deal is closed and the security interest is perfected, the secured party might think it is fully perfected if the debtor later defaults or files for bankruptcy. Unfortunately, this isn't ...
For example, let’s say Spiegel & Utrera, P.A. receives a subpoena to produce information about the formation of your Corporation, LLC, Partnership or Trust because of alimony, child support, bankruptcy, debt collection, foreclosure, IRS, tax collection, government enforcement action, criminal ...
Walters, Dennis