San Antonio Attorney Blog

The dramatic drop of oil price has been causing a surge of bankruptcy filings in the energy industry, driving a number of American energy producers that used to sit at ease with expensive commodity and oil prices before 2014 to now find ways to reorganize their debts and businesses. Regardless, the majority of the troubled [...]

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American Apparel Inc.  is readying to declare bankruptcy again, according to reports.  The clothing company has gone through financial deficit, plummeting sales and a separation with founder Dov Charney. The Los Angeles-based clothing retailer is expected to file a bankruptcy petition within the next few weeks, based on reports.  It reportedly intends to start the [...]

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Offenbachers, a patio furniture chain based in Lanham, filed for Chapter 11 bankruptcy on Oct.  24.  The business will close after 44 years of operation. Eight stores will be closed after the bankruptcy filing is finalized.  The store’s complete shutdown comes after Offenbacher’s acquisition by Antson Capital Partners, a private equity firm from Baltimore. The [...]

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Following a two-year price, the Canadian oil and gas industry is slowly emerging from its financial crisis. Rick Grafton, an energy financier and CEO of Grafton and Asset Management, said that the worst is over for the oil and energy industry. Grafton added that the past two years were the ‘most challenging’ in the industry [...]

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Scuttle’s Island Water Park is supposed to open this year, but it has been a while since it was last updated. Its Facebook Page says it will open on Spring 2016, but has no update since last year.  . The site where Scuttle’s Island is supposed to operate has no lazy rivers or water slides.  [...]

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The first Trump International Hotel and Tower in Canada, which opened in 2012, has been placed into receivership after its operators failed to keep up with the creditor payments for several months. That decision was made by the Court of Appeal in Ontario after the judges found out in October that the investors of the [...]

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Valuepart Inc., a company who serves as a distributor for earth-moving equipment, recently filed for bankruptcy protection after plummeting sales. The company’s legal representatives blamed Valuepart’s bankruptcy due to a sudden decrease of revenue last August. Valuepart is considered to be the largest among the equipment distribution industry in North America. The company has a [...]

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DirectBuy, a national brand based in Indiana, has filed for Chapter 11 bankruptcy and plans to eliminate debt by selling itself to lenders. The struggling buying club, which sells factory-priced products to members, said it has made a deal to sell the company to lenders PennantPark Investment Corp.  and Bayside Capital.  During its peak, DirectBuy [...]

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Hellbender Brewery located in Northeast, Washington, D.C.  has sought for court protection under Chapter 11 bankruptcy.  The company, which opened almost two years ago, owes more than $135,000 to its creditors, based on the court papers filed on Nov. 1. Patrick Mullane, co-founder of the brewery, announced that the company is filing a reorganization bankruptcy.  [...]

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Local supermarket Erie County Farms decided to carry out a community fund raiser to save its business.  Natalie Pacileo, the owner, has gotten her final reprieve in the bankruptcy court after he guaranteed that fundraisers have an “awesome” plan to help the 50-year old grocery store. At a hearing on Nov. 3, Pacileo told the [...]

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