San Antonio Attorney Blog

Former American wrestler Hulk Hogan withdrew his objection to a sale plan of Gawker Media. At a hearing on July 7, U.S. Bankruptcy Judge Stuart Bernstein authorized a procedure for Gawker’s sale, which is expected to happen in about a month. Hulk Hogan, born Terry Bollea, originally disagreed to the auction process because it includes [...]

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Gawker Media’s sale plan has been approved by a U.S.  bankruptcy court judge on July 7, 2016.  This allows the online media company to start an auction that is likely to draw many bidders. A bankruptcy case was filed by Gawker in June 2016 to protect itself from a judgment worth $140 million from Hulk [...]

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Essar Steel Minnesota (ESML) has filed for Chapter 11 bankruptcy after the state of Minnesota decided to revoke the company’s leases for mineral. Essar failed to pay its dues to the government amounting to $66 million. The company had been given a nine-month extension for the leases.  The U.S. unit of Essar, which is owned [...]

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50 Cent Resolves Bankruptcy Filing?

by San Antonio Attorney

50 Cent’s financial ordeals are coming to an end as he reaches a settlement to resolve his bankruptcy case, according to reports.  A bankruptcy judge reportedly approved a five-year repayment plan that will require 50 Cent to give $23 million to his creditors. The amount is the total of 74% to 92% of what he [...]

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Christian Laettner, basketball legend of Duke University, faces bankruptcy as the creditors he owes a total of $14 million, filed a Chapter 7 petition against him. The filed petition, which was processed last Tuesday through the United States Bankruptcy court in Durham, contained eight pages. Laettner was involved in several real estate loans with civil [...]

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Core Media, producer of top billed shows “American Idol” and “So You Think You Can Dance”, has a total of $398 million in debt.  Core recently filed for Chapter 11 Bankruptcy in New York. Core was founded 10 years ago and drawn in into a joint venture with other titan companies such as 21st Century [...]

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John Q. Hammons Hotels, a chain of hotels based in Missouri, recently filed for bankruptcy protection last Sunday. Approximately 70 affiliates connected to the hotel chain also filed for protection in the Kansas Bankruptcy Court.  The hotel chain owns and co-manages 35 hotels such as Marriott, Sheraton and Hilton.  Each of these companies has an [...]

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Abby Lee Miller, star of ‘Dance Moms’ pleaded guilty in a case relating to bankruptcy fraud last Monday.  Miller also failed to declare thousand dollars worth of Australian dollars brought into the country. The ‘Dance Moms’ star pleaded guilty to one count of hiding assets during her declaration of bankruptcy and another count of manipulating [...]

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iON, a manufacturer for wearable digital recorders at par with GoPro, recently filed for bankruptcy, after the massive drop of its revenues. iON has officially reached an agreement with restructuring with its lenders, which would require the cutoff of more than $15 million from its total debt from the balance sheet, resulting to iON maintaining [...]

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Maxus Energy filed for bankruptcy on June 17, 2016 following the deal with YPF SA, its corporate parent.  The arrangement requires YPF to provide Maxus Energy, along with four companies, $130 million in compensation. YPF, an Argentina based company, purchased Maxus Energy in 1995.  Maxus and Tierra were guilty of disposing dioxin, a toxic chemical [...]

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