San Antonio Attorney Blog

Key Energy Services has received a bankruptcy judge’s approval on its reorganization plan, which is going to let the contractor of oil field services to leave from bankruptcy before the end of 2016. Key Energy’s bankruptcy petition was filed in October, stating debts of $1.2 billion and assets of $1.1 billion. The firm’s reorganization plan [...]

{ 0 comments }

Endless Jewelry North and South America LLC, which makes bracelets and charms under the name of Jennifer Lopez, filed for Chapter 7 bankruptcy on Dec.  2. The Danish jewelry brand, which is based in Fort Lauderdale in the United States, sells its Jennifer Lopez Collection by Endless Jewelry at more than 200 stores in North [...]

{ 0 comments }

The city of San Bernardino accomplished an important milestone in its four-year bankruptcy. On Dec. 7, U.S. Bankruptcy Judge Meredith Jury announced that she will confirm the city’s bankruptcy plan. The judge’s decision puts the city back on track to finally exit bankruptcy in the new few months. Throughout the bankruptcy process, San Bernardino filed [...]

{ 0 comments }

U.S. Bankruptcy Court Judge Robert Kressel decided in favor of Archdiocese of St. Paul and Minneapolis over claims of responsibility for paying around $355,000 in legal expenses incurred by a group of unsecured creditors seeking to combine parish, foundation and schools assets into the bankruptcy estate of the archdiocese. A previous ruling, in which Judge [...]

{ 0 comments }

Wells Fargo might negatively affect the financial markets if the bank was forced into bankruptcy, according to United States regulators.  This was the finding of regulators after conducting another review of the under the new rules in the industry. The country’s biggest financial institutions have to submit ‘living wills’ that state how they would be [...]

{ 0 comments }

Werthan Packaging Inc., a supplier of paper packaging, has filed for a Chapter 11 bankruptcy and intends to sell its assets for $7.2 million to a competitior in Illinois. Court documents show that executives of Werthan have requested the U.S.  Bankruptcy Court in to approve on a sale agreement with Gateway Packaging Co.  to take [...]

{ 0 comments }

American Apparel stores are slated to close by the end of this year. Several store locations are going to close as part of the company’s bankruptcy plan. The clothing retailer, which is based in Los Angeles, installed a new chief executive to chart a turnaround plan that eventually failed. A total of nine shops will [...]

{ 0 comments }

Matt Bowden, dubbed as the godfather of the legal drug industry of New Zealand, is currently facing bankruptcy. A few months after Bowden moved to Thailand, the Inland Revenue Department filed a case against him. Bowden revealed that the Inland Revenue made financial proceedings difficult for him, so he had no choice but to accept [...]

{ 0 comments }

Christmas is going to arrive earlier for former mining magnate and businessman Nathan Tinkler if his proposal to pay $700,000 of his $553 million debt gains support from creditors. Tinkler owes $106,015,709 to a tax office, but which has to decide whether to accept $127,218 as debt settlement. Despite his biggest failure in the business history of Australia, the [...]

{ 0 comments }

EZ Worldwide Express together with United Business Freight Forwarders announced that they will emerge from bankruptcy after filing earlier in 2016.  The associated companies doing business with Amazon, The Disney Stores, H&M stores, Forever 21, and Phillips Van Heusen. Both establishments had filed Chapter 11 bankruptcy with about 700 employees, more than 300 trucks and13 [...]

{ 0 comments }