Chapter 11, Chapter 13 Bankruptcy. Legal news and articles for April 28 - 30, 2017

Court rules on CCFD agreementBankruptcy Clawbacks Create New Headaches for PhysiciansDiocese seeks bankruptcy court approval on Billings school projectsBankruptcies from April 20 to April 26GA Power And Westinghouse Extend Temp Nuclear Plant Construction Agreement Through May 12What to Do if a Retailer Goes BankruptCamping World-led group wins bankruptcy auction for Gander MountainDenver oil and gas firm emerges from Chapter 11 bankruptcyErickson Successfully Completes Financial Restructuring and Emerges from Chapter 11Erickson Successfully Completes Financial Restructuring and Emerges from Chapter 11State Violated Bankruptcy Discharge by Garnishing WagesTrustee May Not Retroactively Adjust Chapter 13 PaymentsBankruptcy Settlement Rejected Under New SCOTUS PrecedentBREAKING: HelioPower files for Chapter 11 bankruptcyFormer Lake Tahoe Humane Society director denies embezzlement allegations

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Insolvency Rules - Disclaimer
Lexology (registration)April 3, 2017

(1) This rule applies where section 315(4) requires the trustee to obtain the court's permission to disclaim property claimed for the bankrupt's estate under section 307 or 308. Paragraph 16 of Schedule 6 to the Deregulation Act 2015 (c.20) amends ...more »

Tampa Payless Store On Closing List
Patch.comApril 5, 2017

TAMPA, FL — Shoppers accustomed to visiting the Payless Shoesource at 8201 N. Dale Mabry Highway will have to visit nearby locations to get their fix of discount footwear from now on. The Carrollwood area store was one of about 400 slated for ...more »

Chapter 11, Chapter 13 Bankruptcy. News and Stories

Court rules on CCFD agreement
Ricentral.comApril 30, 2017

The Fiscal Stability Act indicated that the Director of Revenue had the ability to appoint a fiscal overseer, and the DOR appointed Steven Hartford, who later filed bankruptcy in December of 2014. In January of 2015, Mark Pfeiffer was appointed as the ...more »

Bankruptcy Clawbacks Create New Headaches for Physicians
Diagnostic ImagingApril 30, 2017

If physicians didn't have enough to worry about with governmental enforcement of Stark law, the Anti-kickback statute and other fraud, waste and abuse laws, many physicians are now finding their doors darkened by a new menace in the form of bankruptcy ...more »

Diocese seeks bankruptcy court approval on Billings school projects
Billings GazetteApril 30, 2017

On Tuesday, the court approved the diocese's request to shorten the notice time for the sale's approval because Head Start risks losing a $919,000 federal grant if it is not used in a timely basis. Head Start plans to use the grant to help buy the ...more »

Bankruptcies from April 20 to April 26
LubbockOnline.comApril 29, 2017

U.S. Bankruptcy Court. Judge Robert Jones. Chapter 7. Linda Garcia, filed April 21. Ramona Zambrano Bengoa, filed April 24. Reyes T. Salazar, filed April 25. Chapter 13. Joe A. Lucero, Jr., filed April 24 ...more »

GA Power And Westinghouse Extend Temp Nuclear Plant Construction Agreement Through May 12
ForbesApril 29, 2017

After the bankruptcy filing, Westinghouse arranged a debtor-in-possession (DIP) loan of $800 million from Apollo Global Management LLC, but that money cannot be used to pay for expenses related to the Plant Vogtle project. It is limited to providing ...more »

What to Do if a Retailer Goes Bankrupt
whnt.comApril 29, 2017

When a retailer files for bankruptcy, it will commonly file Chapter 11, which means the company intends to reorganize and continue to do business, or Chapter 7, which means the company will close up for good and liquidate any assets in order to pay ...more »

Camping World-led group wins bankruptcy auction for Gander Mountain
ReutersApril 28, 2017

N), and a group of liquidators won a bankruptcy auction for sporting goods retailer Gander Mountain Co [GDMIN.UL] on Friday, according to a bankruptcy court filing. The value of the winning bid was about $390 million, according to people familiar with ...more »

Denver oil and gas firm emerges from Chapter 11 bankruptcy
Denver Business JournalApril 28, 2017

“We are very pleased to announce our emergence from Chapter 11, and I am very thankful to all of our dedicated employees and stakeholders for their efforts in this process, getting the company from filing to emergence in little over 100 days,” said ...more »

Erickson Successfully Completes Financial Restructuring and Emerges from Chapter 11
EconoTimesApril 28, 2017

PORTLAND, Ore., April 28, 2017 -- Erickson Incorporated, a leading global provider of aviation services, announced today it has successfully emerged from Chapter 11 bankruptcy protection. The company satisfied the conditions of its confirmed plan of ...more »

Erickson Successfully Completes Financial Restructuring and Emerges from Chapter 11
GlobeNewswire (press release)April 28, 2017

PORTLAND, Ore., April 28, 2017 (GLOBE NEWSWIRE) -- Erickson Incorporated, a leading global provider of aviation services, announced today it has successfully emerged from Chapter 11 bankruptcy protection. The company satisfied the conditions of its ...more »

State Violated Bankruptcy Discharge by Garnishing Wages
Bloomberg BNAApril 28, 2017

The Indiana Department of Workforce Development violated a debtor's bankruptcy discharge when it attempted to garnish wages for unemployment over payments, an Indiana bankruptcy court ruled April 24 ( In re Todd , 2017 BL 134158, Bankr. S.D. Ind., No.more »

Trustee May Not Retroactively Adjust Chapter 13 Payments
Bloomberg BNAApril 28, 2017

Debtors filing for protection under Chapter 13 of the Bankruptcy Code must agree to a court-approved plan to pay creditors out of their future income. Under the plan, the debtor submits a portion of his future earnings and income to the control of a ...more »

Bankruptcy Settlement Rejected Under New SCOTUS Precedent
Bloomberg BNAApril 28, 2017

Fryar entered into a settlement with certain lenders and his business partner, with whom he owned two business entities. Fryar and the other parties to the settlement admitted to the court that “the settlement was to facilitate a business divorce ...more »

BREAKING: HelioPower files for Chapter 11 bankruptcy
pv magazine USAApril 28, 2017

“As a result of the foregoing and the Debtor's desire to continue its business operations, on [April 25], the Debtor filed its voluntary petition for relief under chapter 11 of the Bankruptcy Code.” The court granted HelioPower the right to use its ...more »

Former Lake Tahoe Humane Society director denies embezzlement allegations
Tahoe Daily TribuneApril 28, 2017

Public court documents, however, point to money troubles for Congero and her husband Arthur. From 2006 to 2012, the couple filed for Chapter 13 bankruptcy four times, according to court records. In all four instances, the cases were dismissed due in ...more »

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