San Antonio Attorney Blog

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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Creditors submitted their final votes on Detroit’s debt restructuring plan last Friday. The total tally of votes is expected to be filed with the federal court on July 21. According to some of the parties involved in the bankruptcy proceedings, based on the updates they got during the voting period, the plan was well received [...]

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The City of Detroit and Detroit Police Officers Association have made a tentative deal on salary, retention payments, health care and pensions. After nine months of negotiations, the agreement was announced by a mediation team. The details of the agreement were not revealed. According to a person familiar with the talks, the police union got [...]

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Crumbs, which is famous for its extra-large specialty cupcakes, closed its almost 50 locations in 10 different states as well as in District of Columbia. The bake shop went public in 2011. Its going out of business was announced less than two weeks after the NASDAQ revealed it would discontinue trading Crumbs. The famous cupcake [...]

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Flint, the original home of General Motors, has suffered an astounding decline in population and rise of abandoned property, just like Detroit City. If the city fails on its effort to lower its health care benefits for retirees, Flint is likely going to join the cities or counties that have asked for help from the [...]

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Supreme Court Rules against Aereo

by San Antonio Attorney

Aereo, the Live-TV-on-the-Web startup, has lost its US Supreme Court case. It is now confronted with the dilemma of whether to continue its business. The company’s CEO Chet Kanojia has said that they would look into paying some type of retransmission fee to TV stations to keep streaming over-the-air programs. However, it is difficult to [...]

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