San Antonio Attorney Blog

Trump Entertainment Resorts Inc. is going file for bankruptcy protection again this week. If that happens, it will become the fifth casino in Atlantic City, New Jersey at risk of shutting down. Last year, the city’s revenue from the casino industry dropped to $2.9 billion. The highest revenue was in 2006 when it earned $5.2 [...]

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Trump Entertainment Resorts Inc. filed for Chapter 11 bankruptcy on Tuesday. It operates Taj Mahal Casino Resort and Trump Plaza. Atlantic City has the second biggest gambling industry in the U.S., after Las Vegas.  The industry has been taken over by fresh rivals from the north-east, with revenue declining almost fifty percent from $5.2 billion [...]

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Lamar Construction Co. was hired by Royal Technologies to build a factory in Texas. The cost of the project was $19.7 million for a plastics manufacturing plant. Royal Technologies claims that Lamar fraudulently obtained $2.3 million to repay debts that were not related to the project in Texas. Lamar Construction said it would use the [...]

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Forbes Custom Cabinets filed for Chapter 7 bankruptcy. The company is located in Apex, North Carolina and has been in the industry for 29 years. Based on court papers filed, Forbes Custom Cabinets has $2.1 million in liabilities and $666,325 in assets. Its largest creditor is the Bank of North Carolina, which the company owes [...]

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LightSquared has reported $51.4 million in losses for the month of July, which brings its losses to a total of $1.51 billion since it filed for bankruptcy in May 2012. According to papers filed in the U.S. Bankruptcy Court in Manhattan, LightSquared again associated the majority of the losses to its debt’s interest payments. In [...]

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El Monte lost $180,000 in a bad business deal with BMR Digital, which is now bankrupt. The city is trying to recover a portion of what it lost a year ago on a project that was supposed to install new street signs. El Monte plans to sell the old street signs to locals for $20 [...]

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James River Coal Co. is going to hold an asset auction on Aug. 18 after being delayed several times. If the winning bid contemplates a sale, a hearing to approve the sale would be scheduled two days later. The asset auction has been postponed five times as it was initially slated for July 8. James [...]

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Diversified Funding Group LLC obtained a $24M judgment against Danny Hendon, the owner of Danny’s Family Car Wash. The judgment in favor of the Scottsdale investment firm was granted Aug. 13 by Bankruptcy Judge Eileen Hollowell. Daniel L. Hendon, the fledgling developer and car wash titan, filed for personal Chapter 11 reorganization bankruptcy on July [...]

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The cost of Delaware’s Catholic Diocese of Wilmington’s bankruptcy case was $15.8 million in attorneys’ fees and other expenditures, based on documents filed in the U.S. Bankruptcy Court this week. The case was filed in 2009 while it faced lawsuits charging former priest Francis DeLuca’s of sexual abuse. The diocese emerged from bankruptcy in 2011 [...]

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Lehman Brothers will start to distribute $4.6 billion to unsecured general creditors next month. It is the first round of payment distribution from the former investment bank. The distribution will start on Sept. 10 based on the notice filed by Trustee James Giddens. More pay outs to unsecured general creditors will follow. The payouts to [...]

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