Filing for Chapter 7 bankruptcy can be a difficult decision. It’s important to understand the ins and outs of the process and what it means for your financial future. One of those considerations is what is a reaffirmation agreement in a chapter 7 bankruptcy? In a Chapter 7 bankruptcy, a … [Read more...]

The Dallas Mavericks are turning to a new provider for broadcasting their games this season, largely due to complications arising from bankruptcy proceedings. Mavericks Games Won’t Air on Bally Sports Southwest This season, the Dallas Mavericks' games will not be broadcast on Bally Sports Southwest, … [Read more...]

A New York Bankruptcy Court Correctly Refused to Overturn the Approval of a $2.5 Million Settlement A New York bankruptcy court correctly refused to overturn the approval of a $2.5 million settlement in the bankruptcy of a founder of defunct hedge fund Platinum Partners, the Second Circuit ruled … [Read more...]

States Support Federal Government in IRS Tax Payment Case A coalition of 22 states and the District of Columbia has aligned with the federal government in appealing to the U.S. Supreme Court to overturn a ruling that mandated the IRS return a tax payment. This arose when a bankruptcy trustee deemed … [Read more...]

Boston-Based Harvard Innovation Labs Venture Cites Financial Woes AllHere Education Inc., a Boston-based Harvard Innovation Labs venture, has filed for Chapter 7 liquidation in Delaware, citing financial difficulties and concerns about the privacy of students' data. The company, which provided … [Read more...]

Electric Generator Startup Faces Financial Woes Moxion Power Co., a San Francisco Bay Area-based electric generator startup backed by Amazon, has filed for Chapter 7 liquidation in Delaware with estimated liabilities ranging from $100 million to $500 million. This news comes on the heels of the … [Read more...]

Celsius Network's Legal Action The defunct cryptocurrency platform Celsius Network has filed a lawsuit against Tether, the largest stablecoin provider, seeking to recover over $2.3 billion in Bitcoin. The lawsuit accuses Tether of exploiting Celsius' financial troubles for its own gain as Celsius … [Read more...]

In a recent ruling, a Florida bankruptcy judge has determined that California plaintiffs with tort claims against Bird Global Inc. cannot prevent the confirmation of the company's Chapter 11 plan while they pursue an appeal. This decision is influenced by the plan's third-party releases. Judge … [Read more...]

Trustee Seeks Early Judgment in Miles Guo Bankruptcy Case The Chapter 11 trustee overseeing the bankruptcy of Chinese exile Miles Guo has requested an early judgment from a bankruptcy judge in Connecticut. This request pertains to an adversary proceeding aimed at recovering nearly $243,000 in legal … [Read more...]