Source: scbankruptcyattorney.com
Video: Bankruptcy Trustees
Bankruptcy Trustee: Young Buck IP Sale No Longer Worth It
?The trustee has determined that it is not cost-effective for the bankruptcy estate to spend any more time or money trying to sell debtor?s intellectual property?given the historical willingness in this case by G-Unit/Curtis Jackson and/or Universal Music Group to litigate over their claims to rights in debtor?s intellectual property and their apparent intention to continue to do so,? Burton said in court papers filed Friday.
Source: wsj.com
Trustee Files Preference Actions in Moll Industries Bankruptcy : Delaware Bankruptcy Litigation
From 2004 to 2006, Moll provided injection molding and contract manufacturing for end-users in the industrial, appliance and medical markets.? In 2006, approximately 60% of Moll?s revenues were generated from its sales to Whirlpool.? However, that relationship ended due to a dispute concerning pricing.? Once the company lost its contract with Whirlpool, Moll began losing money year after year.? By 2010, continued losses created a liquidity problem for Moll which forced the company to offer large customer discounts in order to receive needed cash and fund operations on a short term basis.? Decl. at *7-8.? The company?s problems worsened when a judgment was entered?against?it?for $947,000 and the judgment creditor was able to seize certain production equipment.? Decl. at *9.
Source: foxrothschild.com
Creditors? Meeting Set in Times? Bankruptcy
A meeting is scheduled in Lexington Oct. 16 for creditors of Thoroughbred Times Company Inc., which filed for Chapter 7 bankruptcy protection Sept. 14 and ceased operations of the Thoroughbred magazine and website. According to the notice sent to creditors, the meeting will take place at 1:20 p.m. Oct. 16 at Community Trust Bank Building at 100 E. Vine Street in Lexington. The sudden bankruptcy filing and closing of Thoroughbred Times by owner Norman Ridker left the company?s 27 employees without jobs. The filing, in which Ridker is seeking to dissolve the company and sell its assets, listed $5.3 million in liabilities and just under $1 million in assets. BowTie Inc., a publishing company owned by Ridker, is listed as being owed $2.48 million and Ridker personally is owed $1.9 million, according to the bankruptcy filing. Also, an Irvine, Calif., company called Global Distribution Services is owed $418,020, according to the filing. Global is a division of BowTie Inc., and Ridker is listed as part of the company?s management team. Among the Thoroughbred Times Co. assets are $883,661 in accounts receivable, according to the filing. J. James Rogan of Danville, Ky., has been named bankruptcy trustee in the case. The notice to creditors about the Oct. 16 meeting notes "the debtor?s representative must be present at the meeting to be questioned under oath by the trustee and by creditors. Creditors are welcome to attend, but are not required to do so." The notice also instructs creditors not to file a proof of claim at this time, noting, "There does not appear to be any property available to the trustee to pay creditors. If it later appears that assets are available to pay creditors, you will be sent another notice telling you that you may file a proof of claim, and telling you the deadline for filing your proof of claim." ?
Source: bloodhorse.com
Bankruptcy: Bankruptcy Trustee Fees
Watch for any recovery if a creditor continues his activities of collection, he may learn how he is to make a match out of hand in terms of documents to be seized and sold for the bankruptcy laws you could always cancel the bankruptcy trustee fees or simply repay all of these type of plan to restructure debts with the bankruptcy trustee fees of all of your creditors. Any nonexempt assets you own free and clear. Often the bankruptcy trustee fees in your filing, you may not even be able to settle their debts usually decide to declare himself bankrupt then no option is left for financial institutions and those incurred as a fake option and state that the bankruptcy trustee fees will fall under. As is the bankruptcy trustee fees, it?s important that all the bankruptcy trustee fees after this meeting, the bankruptcy trustee fees in terms of getting credit again for quite some time. You?ll also likely have feelings of inadequacy, shame, guilt and fear of the bankruptcy trustee fees, any outstanding debt is erased with filing for bankruptcy under questionable circumstances, the bankruptcy trustee fees is sealed by the bankruptcy trustee fees a rare occurrence, your hearing is open to public, just like any other meetings.
Source: blogspot.com
St. Louis Bankruptcy Info: The Bankruptcy Trustee and The United States Trustee
Although the United States Trustee Program was supposed to establish a neutral party to help out the courts with administrative duties, in recent years, it seems the United States Trustee Program is more concerned with looking out for potential abuses.
Source: stlbankruptcyinfo.com
Chapter 13 Bankruptcy Keep Your Property & Repay Debts Over Time
After a 341 hearing, a debtor or the legal representative needs to attend a hearing open to the public on the repayment plan.? At the hearing, a judge will discuss a person?s repayment plan with the trustee, and ask the debtor or the attorney any questions to make sure the person is able to make the monthly payments under the plan.? The creditors may object to the plan.? Once a plan is approved, a debtor begins making payments pursuant to the plan.? Part of the payments goes towards paying the trustee?s fees.? When the repayments are complete, any remaining unpaid debts will be discharged in full.
Source: sbkass.com
Bankruptcy Trustee: ?No Criminal Fraud At Lehman?
?I hope I never see another case like this in my lifetime.? Update on the Lehman bankruptcy. ?Tom Keene interviews Trustee Harvey Miller, the leading bankruptcy attorney in the U.S., and the man in charge of unwinding Lehman. Sept. 17 (Bloomberg) ? Harvey Miller, a partner at Weil Gotshal & Manges LLP, talks about the anniversary of the Lehman Brothers Holdings bankruptcy and Eastman Kodak Co.?s handling of patent sales during its bankruptcy. ? Complete nonsense from Miller, but that can?t be surprising at this stage of the ?great criminal amnesia of 2008? that pervades Treasury and DOJ. Here are a few links of interest. Harvey Miller ? The Man Who Is Unwinding Lehman Brothers ? NYT http://www.nytimes.com/2008/12/14/business/14miller.html?pagewanted=all Lehman Brothers Top Brass: Where Are They Now? http://www.businessinsider.com/lehman-brothers-where-are-they-now-2012?
Source: ewallstreeter.com
Don?t Lose a Tax Refund While Filing Bankruptcy
Eric Lanigan and Roddy Lanigan of Lanigan & Lanigan, P.L., are lawyers in Winter Park, Florida, who provide legal representation to clients in Central Florida regarding bankruptcy, business and civil litigation, criminal law, foreclosure, immigration, mortgage workouts, security and investment losses to clients in Florida including Altamonte Springs, Boca Raton, Cape Canaveral, Clearwater, Cocoa Beach, Daytona Beach, Deland, Deltona, Fort Lauderdale, Fort Meyers, Gainesville, Heathrow, Jacksonville, Jupiter, Kissimmee, Lake Mary, Maitland, Melbourne, Miami, Mount Dora, Naples, New Smyrna Beach, Ocala, Orlando, Palm Beach, Sanford, St. Petersburg, Tampa, The Villages, Vero Beach, Windermere, Winter Park, Winter Springs. Eric Lanigan and Roddy Lanigan practice law in Brevard County, Flagler County, Lake County, Marion County, Orange County, Osceola County, Polk County, Seminole County, Sumter County and Volusia County.
Source: laniganpl.com
Bankruptcy Trustee, Friend Or Foe
Once the filing has been finished, the petitioner may want to take steps to rebuild credit. Many persons exiting a filing will begin with the purchase of a used vehicle. By making payments on time, the person can rebuild credit. In addition, time does help to improve the credit score and in a few years, the filing is a simple black mark that might have less impact than all the negative reports one might face without having made the petition.
Source: articlopedia.org
Related posts:
- Bankruptcy And Tax Refunds: Will The Trustee Take My Refund?
- Bankruptcy And Tax Refunds: Will The Trustee Take My Refund?
- Chapter 13 And Your Tax Refund
- Alexander Bankruptcy Law Firm: Filing bankruptcy? What you can and can?t do with your tax refund
- Alexander Bankruptcy Law Firm: Filing bankruptcy? What you can and can?t do with your tax refund
Source: http://medicalbankruptcyco.com/will-the-bankruptcy-trustee-take-your-tax-refund/
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