San Antonio Attorney Blog

The Archdiocese of St. Paul and Minneapolis recently released a reorganization plan after filing for bankruptcy.  The reorganization plan, released on Thursday, allots a budget of $65 million that serves as compensation for sexual abuse victims by the clergy. This plan was approved by the bankruptcy court in Minneapolis after several sessions of negotiation with [...]

{ 0 comments }

Sports Authority is set to shut down its stores and will commence their going-out-of-business sale within this week. Sporting Authority, who has 463 stores nationwide, is considered as one of the latest casualty in the sporting goods entrepreneurship.  A lot of sporting goods retailers has gone bankrupt due to an increase of online stores, which [...]

{ 0 comments }

Energy Future Holdings Corp. will have to undergo a long process as the company will need to choose from two proposals that serve as a backup from the failed bankruptcy plan due to pressure from Texan regulators. Bankruptcy Judge Christopher Sontchi said on Monday that the company should wait for approval of the plans introduced.  [...]

{ 0 comments }

The Archdiocese of St.  Paul and Minneapolis is allegedly concealing its own assets from the bankruptcy courts. The Archdiocese allegedly painted over their sign outside the St. Mary’s Catholic Cemetery in Minneapolis to remove the “St.  Paul and Minneapolis Archdiocese” words. Jeff Anderson, a lawyer representing clergy abuse victims, said that this move concludes how [...]

{ 0 comments }

Yonkers Bus Files Chapter 11 Bankruptcy

by San Antonio Attorney

Allways East Transportation, based in Yonkers, recently filed for Chapter 11 bankruptcy protection.  Allways East Transportation renders its service to the Yonkers Public Schools. The company’s headquarter is in 870 Nepperhan Avenue in Yonkers.  Based on the creditors list as of May 6, Allways allegedly has a total debt of $3.7 million to 20 creditors.  [...]

{ 0 comments }

Reality TV star Teresa Giudice was in jail for nearly a year due to fraud.  But her struggle is still not over. According to reports, the star of “Real Housewives of New Jersey” wants to stop U.S.  Bankruptcy Court Judge Stacey L.  Meisel from reviving her bankruptcy case — despite the fact that she has [...]

{ 0 comments }

An Austin-based clean energy company, focused on vehicles powered on propane, recently filed for Chapter 11 bankruptcy protection.  The company has an estimated debt of $10 million-$50 million. CleanFUEL USA, whose headquarters is in Georgetown, filed for bankruptcy last April 3.  The filing was made in the United States Bankruptcy Court located in the Western [...]

{ 0 comments }

Aéropostale Files for Bankruptcy

by San Antonio Attorney

Aéropostale Inc., an American teen clothing retailer, sought for bankruptcy protection with plans to shut down hundreds of stores in the United States after suffering from financial losses. The company filed for bankruptcy on May 3, 2016 in the U.S. Bankruptcy Court for the Southern District of New York.  The filing follows the steps of [...]

{ 0 comments }

Aéropostale appealed to teenagers because it was less pricey than its racy competitor A&F, and it was not like the American Eagle either. But Aéropostale is on the verge of bankruptcy and closing 100 shops, according to reports. There were speculations earlier that the clothing company was preparing to file for Chapter 11 bankruptcy.  Aéropostale [...]

{ 0 comments }

The company of Tom Petters, who recently filed for bankruptcy, has already created a liquidation plan in order to resolve debtor and creditor’s claims. Doug Kelley, the trustee of the Chapter 11 filing, said that the liquidation plan was approved by creditors and will distribute $172 million to victims who have lost money while on [...]

{ 0 comments }