San Antonio Attorney Blog

A franchisee of seven Five Guys Burgers and Fries restaurants that employs 120 people in Broward County, Florida, filed for Chapter 11 bankruptcy as it seeks to reorganize rather than close business. ASCI Broward is represented by Attorney Marc Goldsand in its bankruptcy case, which was filed as a result of a legal action filed [...]

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BioHealth College Inc., which is a for-profit school company operated by Bryman Colleges in California, has filed for Chapter 11 bankruptcy protections. It is unclear what would be the consequences of the filing. However, it would often lead to a school’s suspension to obtain federal educational funding. Without the aid, most colleges cannot make it [...]

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The owner of 14 office condos in Coral Springs filed for Chapter 11 bankruptcy, halting the upcoming foreclosure auction of the units. PNC Bank obtained a $7 million deficiency judgment against Lauren Enterprises, together with managers Ricardo Pedrosa and Sharon Pedrosa. It involved a $3.77 million loan from RBC Bank, which was afterwards procured by [...]

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A federal judge has penalized the founder of Girls Gone Wild with $5,000 daily until he gives back the two luxury cars owned by the porn business, which was sold out of bankruptcy just recently. Judge Sandra Klein did not accept Joe Francis’ explanation on why he has not given back the 2012 Bentley Flying [...]

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Retirees and city workers voted for pension cuts in the restructuring plan of Detroit. This is an important step to exiting from the biggest municipal bankruptcy in the nation’s history. The city announced the result of voting that lasted for two months. Judge Steven Rhodes must still hold a trial next month to determine if [...]

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Republican Minnesota state Sen. Sean Nienow filed for Chapter 7 bankruptcy. The senator stated $931,000 in debt in his petition. Sen. Nienow and his wife Cynthia filed for the case last month, the court records showed. The Nienows are going to sell their expendable possessions in order to pay their creditors. A great deal of [...]

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Coldwater Creek Liquidation Sale

by San Antonio Attorney

The auction on the store leases of Coldwater Creek raised an additional $1.7 million for the clothing chain’s creditors. Based on the court papers, Maurices, Forever 21, J. Jill, and Lane Bryant were among the successful bidders of the auction on July 8. J. Jill Group Inc., a clothing chain for women that targets the [...]

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Clothing chain Love Culture Inc. is the most recent retailer of women’s wear to file bankruptcy protection. The sales in women’s apparel have been sluggish in the past several months. Retailers have been filing for bankruptcy since last year. Loehmann’s Holdings Inc., Coldwater Creek Inc., Ashley Stewart Holdings Inc. and Dots LLC all sought for [...]

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Buccaneer Energy Files for Bankruptcy

by San Antonio Attorney

Buccaneer Energy Limited and its subsidiaries in United States filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas. The filing was made on the deadline set by the Alaska Oil and Gas Conservation Commission (AOGCC). Buccaneer Energy is required by the commission to open an escrow account with [...]

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Thousands of residents in Detroit have no water supply because the Detroit Water and Sewerage Department has shut it off. This is part of their aggressive approach to collect unpaid water bills. But on Tuesday, U.S. District Judge Steven Rhodes told the water department that such action is bad publicity for the city and so [...]

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