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Bankruptcy
DOJ Says J&J Talc Bankruptcy Violates Congressional Mass Tort Rules
By Jonathan Randles The U.S. Justice Department told a federal appeals court that Johnson & Johnson's strategy for moving talc injury litigation to chapter 11 violates the regime Congress has authorized for litigating mass…
Appeals court sets high bar for key post in Imerys talc bankruptcy
The AIG logo is seen at its building in New York's financial district March 19, 2015. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.comRegister3rd Circuit resolves longstanding split on who can serve as a…
US tilapia and shrimp distributor Tropical Aquaculture Products files for bankruptcy –…
US tilapia and shrimp distributor Tropical Aquaculture Products files for bankruptcy IntraFish
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Filing for Bankruptcy
One of my residential clients filed for bankruptcy. They owe me $135. What should I do?
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DOJ bankruptcy watchdog sides with cancer plaintiffs in J&J talc appeal
A bottle of Johnson and Johnson Baby Powder is seen in a photo illustration taken in New York, February 24, 2016. REUTERS/Mike Segar/IllustrationRegister now for FREE unlimited access to Reuters.comRegisterDOJ urges 3rd Circuit to dismiss a…
Bankrupt Texas Co-Op Brazos Nears Deal to Resolve $1.9 Billion Power Bill
Brazos Electric Power Cooperative Inc. said it reached a tentative agreement to resolve the $1.9 billion power bill that drove it into chapter 11 after electricity prices skyrocketed during a winter storm that blanketed Texas last…
SL Green Likely to Be Lead Bidder in Building’s Bankruptcy Sale
By Becky Yerak PWM Property Management LLC, the bankrupt owner of 245 Park Ave. in Manhattan, is trying to finalize an agreement in which former business partner SL Green Realty Corp. would serve as lead bidder in the…
Bankruptcy Claims Are Increasing | Episode 16
As the market continues to tighten in the logistics & freight shipping industry, more businesses are feeling the burn. Shipping claims and bankruptcy claims are increasing in parts of the market that are the most impacted by the…
Plano mortgage lender files for bankruptcy after cutting 75% of its staff
The Plano-based mortgage lender that laid off 428 employees last week has filed for bankruptcy protection, citing pressures in the mortgage lending industry due to higher interest rates and housing affordability.First Guaranty Mortgage…
First Guaranty Mortgage Files for Bankruptcy Protection From Creditors
Chapter 11 filing will allow the non-QM lender leeway to submit a plan of reorganization to keep its business alive and pay creditors over time.
A Texas-based national mortgage lender that specializes in riskier “non-QM” loans has…