U.S. Bankruptcy Judge Sean Lane said he plans to issue a decision by the end of the week. NEW YORK — A judge said Wednesday he was leaning toward throwing out Rudy Giuliani 's bankruptcy case after lawyers for the cash-strapped former New York City mayor and his biggest … [Read more...]
How Chapter 7 Helps Amid Foreclosure
Foreclosure can be a stressful and overwhelming experience. When you fall behind on mortgage payments, your lender can take legal action to repossess your home. This is the last thing many homeowners want, but it is a reality that many face. Fortunately, there is a way to protect yourself from … [Read more...]
The differences between Personal and Business bankruptcy
The Crossroads of Financial Distress: Navigating Personal and Business Bankruptcy in Texas Financial hardship can strike at any time, impacting both individuals and business entities. When faced with overwhelming debt, navigating the complexities of bankruptcy can seem like a daunting prospect. In … [Read more...]
Second Circuit Upholds $2.5 Million Chapter 7 Bankruptcy Settlement Amid Creditor Dispute| Warren & Migliaccio
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...]
Ch. 7 Trustee Can’t Recover Tax Payment, States Tell Justices | Warren & Migliaccio
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...]
AllHere Education Inc. Files for Chapter 7 Bankruptcy Amid – | Warren & Migliaccio
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...]
Moxion Power Co. Files for Chapter 7 Bankruptcy with Estimated Liabilities of $100M-$500M | Warren & Migliaccio
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 Sues Tether for Over $2 Billion in Bitcoin Clawback | Warren & Migliaccio
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...]
Record High U.S. Credit Card Debt Hits $1.14 Trillion Amid Rising Costs and Interest Rates | Warren & Migliaccio
Record Credit Card Debt Hits $1.14 Trillion According to data released on Tuesday by the Federal Reserve Bank of New York, U.S. credit card debt has surged to an unprecedented $1.14 trillion. This marks an increase of $27 billion from the $1.13 trillion reported in the second quarter of … [Read more...]
China Evergrande’s EV arm units to enter bankruptcy, reorganization proceedings | Warren & Migliaccio
Subsidiaries to Undergo Bankruptcy and Reorganization On Monday, China Evergrande's electric vehicle division reported that a Chinese court has mandated the bankruptcy and reorganization of two of its subsidiaries. This announcement led to a significant drop in the EV group's shares, which fell by … [Read more...]
