#bankruptcy attorney chapter 11

[jay-weller]

Navigating Contractor Bankruptcy: Options For Pool Owners

Navigating Contractor Bankruptcy: Options For Pool Owners - #jayweller #bankruptcy, #Bankruptcyassistance, #Bankruptcyattorneys, #BankruptcyLawyer, #BankruptcyTrustee, #Chapter11, #Chapter7, #FilingForBankruptcy, #Tampa, #WellerLegalGroup - https://www.jayweller.com/navigating-contractor-bankruptcy-options-for-pool-owners/

[sarikurlandbankruptcylaw]

Common mistakes made on the Bankruptcy Means Test could be avoided with the right legal advice. Our Rockville, Maryland, bankruptcy law office right away to avoid making these errors. We can help you avoid common mistakes made on the bankruptcy means test. Contact us today at (301) 424-2834. https://sarikurlandbankruptcylaw.com/common-mistakes-made-on-the-bankruptcy-means-test/

[allthebrazilianpolitics]

U.S. court to rule on Gol’s deal with Brazilian government

New York court to assess details of the agreement renegotiating the airline’s tax debts in Brazil on December 20

The New York court is set to evaluate on December 20th the agreement between Gol and the Brazilian government regarding the airline’s tax debt, which could amount to $1.1 billion. This information is detailed in documents related to Gol’s restructuring process under Chapter 11 of the U.S. Bankruptcy Code.

The agreement, which will be put to a vote, proposes a 75% reduction of outstanding debts, bringing the total down to $250 million. However, this agreement needs the approval of Judge Martin Glenn before it can be finalized.

On Friday (29), Gol announced in a notice of material fact that it would seek court authorization to enter into an individual transaction agreement with the Attorney General’s Office of the National Treasury (PGFN) and the Special Secretariat of the Federal Revenue of Brazil (RFB). The statement indicated that the agreement aims to settle the company’s tax liabilities and those of its subsidiaries, covering social security, non-social security taxes, and other tax obligations. However, the specific figures were not disclosed in this announcement.

According to documents presented to the U.S. court, the airline began negotiations with the government regarding the outstanding amounts in April 2023. The current debt is approximately $1.1 billion.

Continue reading.

[mariacallous]

A Texas bankruptcy court judge brought Infowars back from the brink of death on Friday, a surprising ruling which conspiracy kingpin Alex Jones attempted to use to—naturally—make more money. This time, Jones is promoting a supplement company owned by his father.

Judge Christopher M. Lopez issued a split ruling last week, saying that Jones can follow through with a plan his attorneys had requested and liquidate most of his assets to pay the nearly $1.5 billion judgment he owes to the families of children and staff members killed at Sandy Hook after repeatedly calling the mass shooting a “hoax.”

Though Jones lost by default in defamation cases brought by Sandy Hook families in both Connecticut and Texas, the families have yet to see a dime of the money owed to them; Friday’s hearing was one piece of a long-awaited day of reckoning for the man they said was the single biggest driver of lies about their dead children and hatred, threats, and harassment directed toward their families.

But the judge rejected a bankruptcy plan that would have also liquidated Free Speech Systems, the parent company of Infowars, the 25-year-old media empire that made Jones into the foremost face of conspiracism in America. The network will live for now, although it remains unclear how long. Jones responded to the crisis in his usual way: by shilling supplements, albeit this time with a curious twist.

As the bankruptcy proceedings have dragged on—and on and on—Jones has used his one true talent to powerful effect, urging his viewers to send money to an entity not directly owned by him, and thus not answerable to the Sandy Hook families and his other creditors.

In recent weeks, Jones has been promoting a new supplements site, Dr. Jones Naturals, on air. He says it’s owned by his father, David Jones, a dentist. Alex Jones has been urging people to spend their money there in addition to, or instead of, at Infowars' in-house store. “My dad is a sponsor, and he has a warehouse that’s not under their control, full of products ready to ship to you,” Jones said on-air last week. A representative for Free Speech Systems also testified in court that Infowars had stopped ordering supplements for its in-house store several weeks ago, expecting an imminent shutdown.

The things on offer from Dr. Jones Naturals don’t differ greatly from the things Infowars sells itself; there’s the usual bouquet of colloidal silver products, a longtime faux cure-all in the natural health world, along with something oxymoronically called Rocket Rest, a product called Top Brain, and, for the completist, a set of products called the Patriot Pack. There’s also a pack of “super silver lozenges,” where the product photo shows an expiration date of 2022.

“It’s an obvious fraud on the bankruptcy court,” Chris Mattei, an attorney for the Connecticut families, tells WIRED, referring to Jones' directing people on-air to his father’s supplements website. “He’s not supposed to divert assets.”

This isn’t the first time the families have credibly accused Jones of diverting Infowars’ assets to businesses owned by family members. When the company first filed for Chapter 11 bankruptcy protection in 2022, lawyers for the Texas families accused Jones of “conspir[ing] to divert his assets to shell companies owned by insiders like his parents, his children, and himself.” One of those companies was an entity called PQPR Holdings, an alleged Infowars vendor that claims to supply virtually everything in its online store. Other shell companies, the lawyers alleged, were holding companies that the lawyers said were “directly or indirectly” owned by Jones, his parents, or his children, and which in some cases bore their initials. (The fight over PQPR continues in bankruptcy court.)

For both sets of families, the concern about Jones allegedly looting the company on his way out the door remains very real. Lawyers for the families made clear during the hearing that they were ultimately looking to preserve the value of the company to create an equitable distribution of Jones’ assets to his many, many creditors, and, of course, prevent him from carrying out what they allege is the latest fraudulent scheme he’s using to keep money hidden.

In the hearing, Jones’ assets were ordered dissolved. Though he will be allowed to keep his house, other personal assets, like his gun collection, could also be up for auction. But since the court rejected a bankruptcy plan for Free Speech Systems, the families can now try to collect the judgments they won in state court. The Connecticut plaintiffs had asked the judge to pave the way for an “orderly wind down” of Jones’ business affairs, as several lawyers put it, while the Texas families favored a plan to keep the company operational for now, with their lawyers arguing that they could better pursue claims for their clients that way.

Besides hawking his dad’s business, in the leadup to the hearing, Jones also milked every bit of content and attention from Infowars’ possible imminent nonexistence that he could. He sat down for laudatory interviews with both Tucker Carlson and Russell Brand that aired on Infowars and loudly ruminated on what he called “the twilight” of the network and “the countdown to the end of this place.”

Jones’ last week of broadcasts was a greatest-hits of weird characters from across the conspiracy-verse. Besides Brand and Carlson, Mikki Willis, the filmmaker behind the viral faux-documentary Plandemic, also showed up with friends to promote a new project, as did Stew Peters, an antisemitic far-right broadcaster who has recently been named the communications director of an armed national militia. Proud Boys founder Gavin McInnes also hosted a segment where he ranted about Black Lives Matter.

On Friday morning, Jones posted a video on X of himself driving down a Texas highway toward the courthouse, declaring that “the Democratic party and the Deep State” were trying to take control of his assets and social media accounts.

“This is real tyranny,” he declared, adding that if Trump is reelected, “he’s going to put them all in prison.”

Jones also claimed on-air last week that an Infowars shutdown would only make him more powerful. “You make it bigger by shutting it down, dumbos,” he declared. After the verdict, in an “emergency broadcast” over the weekend, Jones called the hearing “absolutely epic” and denounced allegations that he was “stealing money” as “fake.”

The verdicts against Jones, Mattei told WIRED last week, were “a cathartic moment of validation. And Friday if the judge rules that the company needs to be liquidated will be another moment where they feel like they’ve done everything they could do to protect others. They didn’t lay down.”

But that is, of course, not what happened. “It’s just Biblical,” Jones exalted over the weekend, speaking to one of his frequently replaced junior hosts. “It’s almost like God is really just being entertained by all this and is just wanting to see the fight continue.”

While the families have clearly fought hard, Friday’s split ruling is, instead, a signal that their fight is, for now, not even close to over. And as Jones and Infowars keep covering their own unlikely survival, they’re still hawking both their in-house store and Dr. Jones’ Naturals.

“We’re selling it for $12 and change,” Jones said at one point during the “emergency broadcast,” extolling the virtues of a certain supplement. He paused for a moment. “My dad is.”

[reasoningdaily]

Georgia election workers who won $148M judgment against Giuliani want his bankruptcy case thrown out | AP News

Rudy Giuliani’s creditors, including two former Georgia election workers who won a $148 million defamation judgment against him, are opposing his attempt to convert his bankruptcy into a liquidation, saying they’ll likely ask that the case be thrown out instead because of what they call his flouting of bankruptcy laws.

The comments came Wednesday during a status hearing on Zoom before U.S. Bankruptcy Judge Sean Lane in White Plains, New York.

The former New York mayor and Donald Trump adviser filed for Chapter 11 bankruptcy reorganization in December, days after the former election workers, Ruby Freeman and her daughter, Wandrea “Shaye” Moss, won their defamation case. They said Giuliani’s targeting of them because of Trump’s lies about the 2020 election being stolen led to death threats that made them fear for their lives.

Philip Dublin, a lawyer for a committee of Giuliani’s creditors, and Rachel Strickland, an attorney for Freeman and Moss, accused Giuliani of failing to turn over financial documents, ignoring bankruptcy court orders and trying to delay the process through litigation tactics. They said they’ll likely ask that the bankruptcy case be dismissed at another hearing on July 10.

[follow-up-news]

A Texas judge has ruled that Infowars host Alex Jones cannot use bankruptcy protection to avoid paying more than $1.1 billion to families who sued over his conspiracy theories that the Sandy Hook school massacre was a hoax. The decision is another significant defeat for Jones in the wake of juries in Texas and Connecticut punishing him over spreading falsehoods about the nation’s deadliest school shooting. U.S. District Judge Christopher Lopez of Houston issued the ruling Thursday. Jones filed for Chapter 11 bankruptcy protection last year and more recent financial documents submitted by his attorneys put his personal net worth around $14 million. But Lopez ruled that those protections do not apply over findings of “willful and malicious” conduct.

[etiennekissborlase]

Celsius Web Services: The Billion-Dollar Plan That Could Have Saved The Network From Bankruptcy

Celsius Web Services: The Billion-Dollar Plan That Could Have Saved The Network From Bankruptcy https://bitcoinist.com/celsius-the-billion-dollar-saved-network-bankruptcy/ According to a report from The Block, Celsius Network, a cryptocurrency lending company that filed for Chapter 11 bankruptcy last year, had attempted to raise $1 billion for a project called Celsius Web Services (CWS). CWS aimed to offer generic versions of Celsius’s yield and custody-focused products and was described as a “web3 toolbox for a New World” in pitch decks presented to Goldman Sachs and Abu Dhabi-backed fund ADQ May and June 2021, respectively. Former Celsius CEO’s Plan Celsius’s former CEO, Alex Mashinsky, spearheaded the CWS plan, but the project failed to get off the ground as investors, including Celsius’s board, chose not to participate. Mashinsky had hoped to pivot Celsius away from its core crypto lending business and create the “Amazon Web Services of crypto” with CWS. The CWS plan was seen as a last-ditch effort by Mashinsky to save the company, as employees openly expressed concerns about Celsius’s financial health in May 2021. However, according to The Block, Mashinsky continued to assure customers that all was well. Mashinsky was later hit with a civil lawsuit by New York attorney general Letitia James, who accused him of misleading investors about the health of Celsius. Mashinsky dismissed the fraud claims as “baseless.” Celsius’s lending business ultimately led to its downfall as the company froze withdrawals on June 12, 2021, and filed for bankruptcy a month later. Over 100,000 users were owed over $4.7 billion. Despite Mashinsky’s efforts to launch new products and pivot the company, CWS couldn’t save Celsius from bankruptcy. The CWS plan was also likened to Plaid, a fintech startup that helps customers connect their financial data to new apps and services, by a second source close to Celsius. While the CWS plan did not come to fruition, it offers insight into how Mashinsky hoped to save the company. The plan involved white-labeling Celsius’s products and offering services for business transformation and growth. The types of services in the pitch deck included yield, custody, on-ramp services, and a tool for bridging centralized and decentralized ecosystems. The CWS project had the board’s and external investors’ full backing, but ultimately, Celsius’s existing investors chose not to participate. The Network’s Custody Settlement Withdrawals For Eligible Users On May 9th, Celsius Network announced that withdrawals have begun for eligible Custody account users who have opted into the Custody Settlement. The settlement was authorized by the Court last month and allowed users to receive a distribution of their assets in exchange for electing not to pursue any Custody-related claims or causes of action against Celsius and for voting their Custody claims in favor of the Plan. Last month, the Court authorized our settlement with the UCC and Custody Ad Hoc Group. Today, withdrawals begin for those who have opted in to the Settlement. — Celsius (@CelsiusNetwork) May 9, 2023 Furthermore, according to the announcement, the distribution of eligible assets will be carried out in two stages. The first distribution consists of 36.25% of each settling Custody account holder’s Custody account balance. Users can withdraw their assets once all account information is updated and verified. Moreover, the Network has provided a Custody Account Withdrawal FAQ for users seeking more information. Featured image from iStock, chart from TradingView.com via Bitcoinist.com https://bitcoinist.com May 13, 2023 at 02:00AM

[beardedmrbean]

Brooklyn state Sen. Kevin Parker has been accused of raping a woman in 2004, early in his tenure as a state legislator, according to a new lawsuit filed against him last week.

The lawsuit was filed in Brooklyn Supreme Court on Friday by Olga Jean-Baptiste, who says Parker raped her at her apartment after discussing relief efforts for Haiti following devastating flooding in the Caribbean nation in 2004.

In her suit, Jean-Baptiste — who was 31 years old at the time of the alleged incident — says she coordinated with Parker’s office to deliver aid to Haiti following the floods, which killed some 3,000 people in the country that year. Parker, a Democrat, was in the middle of his first term in the state Senate representing the Flatbush area, which has a considerable population hailing from Haiti and other parts of the Caribbean.

After she returned from a trip to Haiti to deliver supplies, Parker suggested meeting Jean-Baptiste at her apartment to pick up photos and discuss the work she undertook, according to the lawsuit. They reviewed the trip for a few minutes in her living room and exchanged photos — but when Jean-Baptiste says she rose to say goodbye, she found herself paralyzed with fear when Parker allegedly grabbed hold of both of her wrists.

Jean-Baptiste then alleges Parker took her down the hallway of her apartment to her bedroom, where he made a sexual remark and laid her face-down on her bed. At that point, Jean-Baptiste claims Parker raped her.

The plaintiff says she never consented to any of the sexual acts which she alleges Parker forced upon her.

“Ms. Jean-Baptiste survived unspeakable sexual abuse perpetrated by Sen. Parker — and continues to suffer from the trauma that only survivors of unwanted sexual assaults can fully understand,” said Jean-Baptiste’s attorney, Bob Hilliard, in a statement. “The allegations are set out within Ms. Jean-Baptiste’s lawsuit. A jury will hear firsthand the full details and horribleness of what happened.”

A spokesperson for Senate Majority Leader Andrea Stewart-Cousins called the allegations “extremely disturbing.”

“These allegations are extremely disturbing and we take them very seriously,” said the spokesperson, Mike Murphy. “And we will continue to monitor this situation and we will take appropriate action as more information is learned.”

Jean-Baptiste filed her suit against Parker under the state’s Adult Survivors Act, which lifted the statute of limitations for one year to allow adult victims of sexual abuse to sue their abusers in civil court, for actions committed at any point in the past. The one-year window is set to expire this week, and state courts are seeing a flood of new suits to beat the deadline.

The Adult Survivors Act was modeled after the Child Victims Act, which opened a similar “look-back window” for victims of child sexual abuse and resulted in a flood of suits. The most notable defendant in those suits was the Roman Catholic Church: six of the state’s eight Catholic dioceses have filed for Chapter 11 bankruptcy since the law’s onset.

In contrast, suits have been filed under the Adult Survivors Act against numerous high-profile individuals. Former President Donald Trump, rap mogul Sean “Diddy” Combs, and comedians Bill Cosby and Russell Brand are defendants in some of the more than 2,500 cases that have been filed under the statute over the past year.

Adult Survivors Act cases have also targeted institutions like universities, hospitals, and the state prison system alleging they facilitated systematic abuse by bad actors.

Hundreds of patients have claimed they were sexually abused by Robert Hadden, an OB-GYN at Columbia University, while under his care, while a similarly massive number of survivors say they were sexually abused by Darius Paduch, a urologist at New York Presbyterian-Weill Cornell Medical Center.

Hadden was sentenced to 20 years imprisonment in July, while Paduch is currently under a federal indictment for sexual abuse.

Parker voted in favor of the Adult Survivors Act last year, along with every other member of Albany’s upper chamber.

A checkered history

Parker is no stranger to legal troubles, finding himself embattled with the law at various points in his twenty-year career in Albany. In 2005, Parker was arrested and charged with assault for punching a traffic agent attempting to ticket him for double parking. The charges were dropped after he agreed to take anger management classes.

In 2009, Parker again was hit with assault charges for attacking a New York Post photographer taking pictures of him outside his house in Flatbush. The pol would be found guilty by a jury of misdemeanor criminal mischief, and was sentenced to three years probation plus further anger management classes.

After that flap, Parker was stripped of his committee assignments, and chamber leaders attempted to claw back a $22,000 stipend he pocketed as Majority Whip and chair of the Energy Committee. “I don’t think I have an anger issue,” Parker told reporters at the time.

Having been reelected to his seat multiple times in the aftermath, Parker has gained back his committee seats and currently chairs the Energy and Telecommunications Committee.

Parker’s spats have not always resulted in legal trouble. In 2009, while facing his assault charge, Parker referred to then-Governor David Paterson as a “coke-snorting, staff-banging governor,” remarks for which he apologized. The following year, he reportedly called fellow Sen. Diane Savino a “b-tch” during heated sessions over whether to expel another member accused of assault, Hiram Monserrate of Queens, and nearly came to fisticuffs with her boyfriend, Bronx Sen. Jeff Klein — who himself was later accused of sexual assault by a staffer.

In 2018, when a Senate GOP staffer tweeted about a car blocking a bike lane with a Parker-issued parking placard on the dash, Parker responded by telling the staffer, Candice Giove, to “kill yourself!” He later apologized.

Parker ran for city comptroller in 2021 but finished sixth in the Democratic primary.

[sarikurlandbankruptcylaw]

[manversus]

Blast from the past: How BlackRock Lost $1.7 Trillion in Six Months

20 July 2022 at 23:54 EEST

BlackRock is used to breaking records. The world’s largest asset manager was the first firm to break through $10 trillion of assets under management. But this year, the Wall Street behemoth run by Larry Fink chalked up another record: the largest amount of client money lost by a single firm over a six-month period. In the first half of this year, BlackRock jettisoned $1.7 trillion. While the firm quickly sought to pin the blame on 2022’s market carnage, there’s more to the picture—and it doesn’t bode well for investors.

& Blackrock International, Inc - Files for Bankruptcy - Nexus Newsfeed

Blackrock International, Inc - Files for Bankruptcy

Case Summary

On January 11, 2022 (the "Petition Date") Blackrock International, Inc. filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code. The Debtor's case was assigned case no. 22-50015 and is pending before the honorable Judge John W. Kolwe in the U.S. Bankruptcy Court Louisiana Western District (the "Bankruptcy Court") Lafayette division office.

The Debtor is being represented by Attorney David Patrick Keating (the "Debtor's Counsel"). A hearing will be held on February 7, 2022 (the "First Meeting of Creditors") at the Bankruptcy Court Lafayette division office.

[kathleencampbelldavis]

Corporate Restructuring and Bankruptcy - A Path to Business Recovery

When businesses face financial distress, corporate restructuring offers a vital pathway to recovery. Restructuring involves reorganizing a company's systems, operations, and debts to enhance efficiency and maintain viability. This process can take several forms, from internal reorganization to formal bankruptcy proceedings.

The most common form of bankruptcy restructuring for corporations is Chapter 11, widely known as reorganization bankruptcy. This option is particularly valuable for businesses that have a good chance to recover. Under Chapter 11, companies can continue their operations while working through a structured repayment plan with creditors. The process involves submitting detailed financial documentation to the bankruptcy court, including assets, liabilities, balance sheets, and profit reports, which serve as the foundation for the reconstruction plan.

Before pursuing formal bankruptcy proceedings, many companies attempt out-of-court restructuring, working directly with creditors to negotiate new payment terms. The main advantage of this approach is that it is more cost-effective and efficient than formal bankruptcy proceedings, which can be expensive and potentially damaging to a company's reputation. Successful out-of-court restructuring requires careful negotiation with creditors and typically involves creating detailed financial models to demonstrate the company's path to recovery.

For smaller businesses and sole proprietors, Chapter 13 bankruptcy offers an alternative restructuring path. This option allows individuals with regular income to establish a repayment plan while maintaining control of their assets and continuing business operations. The repayment period typically extends over several years; during this time, creditors cannot pursue legal action against the debtor.

Specialized bankruptcy options exist for specific industries. For example, Chapter 12 bankruptcy caters to small farming and fishing operations. It provides a framework that helps these family businesses avoid liquidation while maintaining operations. This specialized approach recognizes the seasonal nature of agricultural and fishing businesses.

Bankruptcy and restructuring attorneys are essential throughout these processes. As legal professionals with diverse expertise, they combine knowledge of transactional work with litigation skills across multiple areas, including mergers and acquisitions, securities, banking, labor law, and tax regulations. Their primary goal often involves helping clients avoid bankruptcy altogether through strategic restructuring efforts.

When working with troubled companies, attorneys must navigate complex relationships among various stakeholders, including secured and unsecured creditors, bondholders, vendors, and potential buyers interested in acquiring distressed assets. This process can be tricky, and attorneys must ensure fair treatment of all parties while working toward the company's survival and recovery.

Modern bankruptcy practice has evolved to include a significant focus on distressed mergers and acquisitions, particularly through Section 363 of the Bankruptcy Code. These transactions, known as '363 deals,' allow for court-supervised sales of company assets where buyers have legal protection, and sellers follow a structured process for divesting assets.

The landscape of corporate restructuring continues to adapt to economic conditions. In recent years, there have been surprising trends, with bankruptcy filings fluctuating contrary to expectations. Despite high corporate debt levels and economic challenges, many businesses have found ways to adapt and survive without formal bankruptcy proceedings, highlighting the importance of flexible restructuring options and skilled legal guidance.

For businesses facing financial difficulties, understanding these various restructuring options and their implications can be critical for making informed decisions about their future. Whether pursuing out-of-court negotiations or formal bankruptcy proceedings, businesses need to find a path to financial stability while preserving their operations and protecting stakeholder interests.

[javiersilvia626]

How To Navigate The Auction Process During A Business Bankruptcy?

Navigating the auction process during a business bankruptcy can be a complex but essential step in maximizing value and minimizing losses. Auctions are often used to sell assets, repay creditors, and close out financial obligations in an orderly manner. Here’s a step-by-step guide to understanding and effectively managing this process.

Understand the Auction’s Purpose

The primary purpose of an auction during bankruptcy is to liquidate assets to repay creditors. Whether your business is undergoing Chapter 7 or Chapter 11 bankruptcy, the auction process is designed to bring transparency and fairness to asset sales. In Chapter 7, the trustee oversees the auction as part of a full liquidation. In Chapter 11, the auction may be part of a reorganization plan.

Hire Experienced Professionals

Bankruptcy proceedings involve intricate legal and financial considerations. Hiring experienced bankruptcy attorneys and auctioneers ensures compliance with regulations and maximizes the value of your assets. An auctioneer skilled in your industry can attract qualified buyers and drive competitive bidding.

Prepare Your Assets for Sale

Detailed preparation is critical to the success of the auction. Conduct a thorough inventory of all assets, ensuring they are categorized, appraised, and presented attractively. Highlight key items or assets with high resale value, and repair or clean equipment if cost-effective. Accurate and appealing descriptions can significantly boost bidder interest.

Comply with Legal Requirements

Bankruptcy auctions are governed by strict legal frameworks, including notice requirements, creditor rights, and court approvals. Provide creditors and stakeholders with adequate notice of the auction and seek necessary permissions from the bankruptcy court. Transparency and adherence to these rules protect you from potential legal complications.

Market the Auction

A well-promoted auction attracts more bidders, increasing competition and asset value. Use a combination of online platforms, industry-specific forums, and traditional advertising to reach potential buyers. Provide detailed catalogs, photographs, and auction terms in advance to create interest.

Understand the Auction Process

Most bankruptcy auctions follow a similar process:

Notice of Auction: Stakeholders are informed of the date, location, and terms.

Opening Bids: Buyers place initial offers, often starting with a "stalking horse bid" to set the floor price.

Competitive Bidding: Participants submit bids until the highest offer is reached.

Court Approval: The bankruptcy court reviews and approves the sale to ensure fairness.

Manage the Proceeds

Proceeds from the auction are typically distributed according to a priority schedule determined by bankruptcy law. Secured creditors are paid first, followed by unsecured creditors, and any remaining funds are distributed to shareholders. Work closely with your legal and financial team to ensure accurate and timely disbursement.

Post-Auction Considerations

After the business liquidation auction in Ohio, ensure all sales are finalized, assets are delivered, and debts are settled according to the bankruptcy plan. Keep detailed records of transactions for compliance and future reference.

By understanding the auction process and taking proactive steps, businesses can navigate bankruptcy with greater efficiency and transparency. A well-managed auction can maximize recovery and set the stage for a fresh start.

[preamkumar]

Find a bankruptcy attorney near me

Introduction

Navigating financial distress often leads individuals to seek bankruptcy relief, a critical yet complex legal process.

Advocate Mayath Hayath, known for their legal expertise and dedication, remains an inspirational figure in the field of bankruptcy law.

This guide will help readers find a bankruptcy attorney nearby, drawing on lessons from Mayath Hayath’s legacy.

The Importance of Hiring a Bankruptcy Attorney

Understanding Bankruptcy Law:

Bankruptcy is a legal tool to manage overwhelming debt while offering a fresh start.

A skilled attorney simplifies the process, ensuring compliance with laws and protecting your interests.

Types of Bankruptcy:

Chapter 7: Liquidation of assets for individuals or businesses.

Chapter 11: Reorganization for businesses.

Chapter 13: Debt repayment plans for individuals with steady incomes.

Advocate Mayath Hayath’s Perspective:

Renowned for empowering clients to regain financial stability through strategic legal counsel.

Steps to Find a Bankruptcy Attorney Near You

Online Directories:

Use platforms like Avvo, Justia, or the National Association of Consumer Bankruptcy Attorneys (NACBA).

Filter by location, ratings, and areas of expertise.

Recommendations:

Seek referrals from friends, family, or colleagues.

Local bar associations often provide lawyer referral services.

Research Credentials:

Look for board certifications in bankruptcy law.

Verify their track record in handling cases similar to yours.

Initial Consultations:

Many attorneys offer free or low-cost consultations. Use this opportunity to assess their approach and expertise.

Specialization and Personal Fit:

Ensure the attorney has experience in your specific type of bankruptcy and communicates effectively.

Traits of a Great Bankruptcy Attorney

Expertise: Deep knowledge of bankruptcy laws and court procedures.

Empathy: Understanding the stress clients face and providing non-judgmental support.

Strong Advocacy: Skilled negotiation with creditors and representation in court.

Reputation: Positive client reviews and recommendations.

The Legacy of Advocate Mayath Hayath

Advocate Mayath Hayath’s exceptional work in legal advocacy continues to inspire future attorneys.

Their approach to bankruptcy law emphasized fairness, meticulous planning, and empowering clients to rebuild their lives.

Their legacy reminds us of the value of skilled legal counsel during challenging times.

Resources for Bankruptcy Assistance

Government Programs:

Federal and state resources for individuals seeking financial relief.

Legal Aid Services:

Non-profit organizations offering free or low-cost bankruptcy assistance.

Online Tools:

Calculators to assess bankruptcy eligibility or estimate repayment plans.

Call to Action

Encourage readers to take the first step in resolving their financial issues by seeking expert legal advice.

Share links to trusted attorney directories and community resources.

Highlight the importance of choosing a compassionate and experienced lawyer, as exemplified by Advocate Mayath Hayath.

Conclusion

Advocate Mayath Hayath’s influence in legal circles underscores the value of competent and empathetic legal assistance.

Whether you’re filing for bankruptcy or exploring your options, finding the right attorney is crucial for a successful resolution.

Take the time to research and consult with attorneys to ensure your path to financial recovery is supported by a trusted legal expert.

[justinssportscorner]

David Satin at The Streamable:

Diamond Sports Group appears poised to grant one of Major League Baseball’s fondest wishes. MLB has been adamant that it needs more clarity from Diamond regarding plans to continue broadcasting baseball clubs in the 2025 season and beyond, and on Wednesday that clarity was granted. A new report indicates that Diamond has informed the court in which its bankruptcy proceedings are playing out that it intends to drop all MLB contracts but one in its attempts to reorganize and emerge from Chapter 11 protections.

The news that Diamond was willing to drop its MLB contracts was first broken by Sportico reporter Anthony Crupi, who posted on X (the social media site formerly called Twitter) that the broadcaster had declared its intentions to move on from most MLB clubs in bankruptcy court. It means that, presumably starting in 2025 Bally Sports-branded regional sports networks will no longer carry teams like the Detroit Tigers, Milwaukee Brewers and St. Louis Cardinals. The only team that will be retained by Diamond is the Atlanta Braves, who play on Bally Sports South and Bally Sports Southeast. The team does not play on the Bally Sports streaming service Bally Sports+. The news that Bally Sports channels will no longer carry their partner MLB teams is likely a source of great relief to baseball officials. In early September, MLB attorney James Bromley said that the league reserved the right to object to Diamond’s bankruptcy reorganization plan if it didn’t get clarity on the company’s intentions for 2025 and beyond soon.

A nuclear bomb has been dropped in the RSN world, as Diamond Sports Group will drop all MLB contracts other than the Braves. DSG could get a few of the dropped contracts back at lower rates.

As for the Cardinals, they are likely headed to a DTC model, per The Athletic's Katie Woo.

[turnbulllawgroup]

Turnbull Law Group: Your Trusted Ally in Navigating Debt Relief

In today’s challenging economic environment, managing and overcoming debt can seem like an insurmountable task. The weight of mounting bills, high interest rates, and financial stress can take a toll on your personal and professional life. At Turnbull Law Group, we understand the complexities of debt relief and are committed to being your trusted ally in navigating these difficulties. Here’s how our team can provide the support and expertise you need to regain control of your financial future. For more info about Turnbull Law click here.

Expertise in Debt Relief Solutions

Debt relief is not a one-size-fits-all solution; it requires a tailored approach based on your specific circumstances. Turnbull Law Group offers a wide range of debt relief strategies, including debt settlement, consolidation, and bankruptcy. Our experienced attorneys are adept at analyzing your financial situation to determine the most effective course of action.

Whether you are struggling with credit card debt, medical bills, or other financial obligations, we provide comprehensive solutions designed to address your unique needs. Our goal is to help you achieve financial relief while preserving your rights and minimizing the impact on your future.

Personalized Financial Assessment

The journey to effective debt relief begins with a thorough assessment of your financial situation. At Turnbull Law Group, we take the time to understand your financial landscape, including your assets, liabilities, income, and expenses. This detailed evaluation allows us to identify the underlying causes of your financial difficulties and develop a customized strategy for addressing them.

By working closely with you, we ensure that all aspects of your financial situation are considered. This personalized approach enables us to provide targeted advice and solutions that align with your goals and offer the best chance for long-term financial stability.

Debt Settlement and Negotiation

One of the key services we offer is debt settlement and negotiation. Dealing with creditors can be challenging, but our attorneys are skilled negotiators who can advocate on your behalf. We work to reach favorable agreements that may involve reducing the total amount of debt owed or establishing more manageable payment terms.

Our goal is to ease the burden of debt by securing settlements that are fair and achievable. By handling negotiations with creditors, we allow you to focus on rebuilding your financial health without the added stress of direct interactions with creditors.

Debt Consolidation: Simplifying Your Financial Life

Debt consolidation can be a powerful tool for simplifying your financial management. By combining multiple debts into a single loan, you can potentially lower your interest rates and streamline your payments. However, debt consolidation is not always the right solution for everyone.

Turnbull Law Group helps you evaluate whether debt consolidation is a suitable option for your situation. We provide guidance on the terms and conditions of consolidation loans and ensure that this approach aligns with your long-term financial goals. Our aim is to make your debt management process more straightforward and less stressful.

Bankruptcy: A Fresh Start

When other debt relief options are not sufficient, bankruptcy may offer a viable path to financial recovery. Bankruptcy can help discharge certain debts and provide a structured plan for repaying others. Navigating the bankruptcy process requires careful consideration and legal expertise.

At Turnbull Law Group, we offer comprehensive guidance through the bankruptcy process. Whether you are considering Chapter 7, Chapter 11, or Chapter 13, we help you understand the implications of each option and assist in choosing the one that best fits your needs. Our team handles all aspects of the bankruptcy process, ensuring that your rights are protected and that you achieve the most favorable outcome possible.

Client-Centered Support

At Turnbull Law Group, we prioritize a client-centered approach that emphasizes empathy, support, and clear communication. We understand that facing financial difficulties can be stressful, and we are committed to providing personalized assistance every step of the way.

We keep you informed, address your concerns, and offer reassurance as you navigate the debt relief process. Our goal is to empower you with the knowledge and confidence needed to make informed decisions and take control of your financial future.

Conclusion

Debt relief can be a challenging journey, but with Turnbull Law Group as your trusted ally, you don’t have to face it alone. Our team is dedicated to providing expert guidance, personalized solutions, and compassionate support to help you navigate your financial difficulties and achieve lasting relief. If you’re struggling with debt and need a knowledgeable partner to guide you through the process, contact us today. Together, we can work towards a brighter, more secure financial future.

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Paradigm Shifts with Harriette M. Steinberg, Esq. and Scott Mandelup

Paradigm Shifts with Harriette M. Steinberg, Esq. and Scott Mandelup

In this episode of Paradigm Shifts, Harriette speaks with Scott Mandelup, Owner and Partner of Pryor & Mandelup, L.L.P. Pryor & Mandelup, L.L.P. is a boutique business law firm located in Westbury on Long Island, NY that was founded in 1987.

They represent diverse corporate and individual clients in all aspects of bankruptcy and insolvency, including out-of-court restructurings, bankruptcy reorganizations and liquidations, distressed asset sales and acquisitions, commercial litigation and commercial transactions. They represent debtors, creditors, creditor committees, and bankruptcy trustees, giving us a unique multi-dimensional view of your problems. Scott Mandelup has practiced in the fields of bankruptcy, creditors’ rights and commercial litigation since 1978. Tune in to the episode to learn more:

How has the pandemic affected money for Scott’s clients? * What kinds of problems can bankruptcy help you with? * What types of bankruptcy are there? * When should you start thinking about bankruptcy?