San Antonio Attorney Blog

Peabody Energy is seeking to get one more month to tie up its bankruptcy exit, the company said on Oct. 11. The agreement made between the company and its lenders would give them more time to submit a reorganization plan until Dec. 14.  The initial deadline was Nov. 9.  The deal is subject to a [...]

{ 0 comments }

Lindsay Lohan used to get millions of dollars for every movie she made.  But now the actress could face bankruptcy after failing to pay rent on her flat in London. The landlord’s lawyers have issued Lohan with demand letters to pay £77,600, and intend to file a court petition for her bankruptcy next month if [...]

{ 0 comments }

A report released by the International Monetary Fund revealed that the cash reserves of Saudi Arabia are going down and its financial resources could only last for five years.  But if there are no tough measures implemented, it may not reach five years.  Top officials of Saudi Arabia have claimed stumpy productivity in its blown [...]

{ 0 comments }

There are a number of new developments happening around the downtown Detroit that it may be hard to identify exactly when Detroit started its turnaround.  People will probably consider the city’s municipal bankruptcy as the turning point but some observers think that it would undermine the groundwork laid before the municipality’s bankruptcy. In 2007, a [...]

{ 0 comments }

UKIP faces the possibility of bankruptcy as one of its primary financial supporters is seriously considering relinquishing his support to the political party, according to multiple media reports. UKIP, otherwise known as the UK Independence Party, is considered as the ‘right wing populist party’ in United Kingdom.  Aaron Banks, a major benefactor of Ukip, will [...]

{ 0 comments }

A bankruptcy judge in South Korea has ordered STX Offshore and Building Co., Ltd.  to sell its shipyard along with its lucrative cruise ship business in France, according to reports. STX Offshore & Shipbuilding Co. sought for bankruptcy protection in the U.S.  as part of its reorganization in Korea, according to reports. United States Bankruptcy [...]

{ 0 comments }

Platinum Partners filed for Chapter 15 on Oct. 18 as part of its liquidation attempt, according a federal court filing in New York. In August, a court in Cayman Islands ordered that an external specialist needs to liquidate the purported offshore accounts of hedge fund Platinum Partners Value Arbitrage.  The firm is under investigation by [...]

{ 0 comments }

Jumio Inc. has received approval from a bankruptcy court to liquidate its estate.  This is considered as a triumph for the firm’s original backers like Eduardo Saverin, co-founder of Facebook, who had dealt with accusations of manipulating Jumio’s bankruptcy to their benefit. Jumio, a leading digital ID verification company that caters to Airbnb and United [...]

{ 0 comments }

Some of SunEdison’s lenders have gained control over the company after entering a deal that would attempt to recover their investments as SunEdison was nearing bankruptcy.  The deal is causing harm to other creditors, according to a court action filed in the bankruptcy court on Oct.  19. SunEdison turned over hundreds of millions in dollars [...]

{ 0 comments }

Wines and spirits retailer Sigel’s Beverages filed for Chapter 11 bankruptcy on Oct.  20, saying its tenant refused to reduce the rents. The chain was founded in Dallas 111 years ago.  Competition has increased in the past few years as more prominent retailers have been allowed to enter in North Texas.  This made previously strategic [...]

{ 0 comments }