San Antonio Attorney Blog

At the peak of its fiscal crisis, Chicago Public Schools opt for a more familiar tactic thus reducing nonteaching ranks and closing off open jobs in order to save tens of millions of dollars. The public school stated last Friday that the job layoffs will affect 433 jobs but will save approximately $32 million in [...]

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Dov Charney, American Apparel’s former CEO, is currently embroiled in a bitter dispute with the bankruptcy court.  Both parties faced off in a goal to gaining favor from the judge that each of their plans will be of the best interest of the Los Angeles Company along with its creditors. Charney gave an investor group [...]

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In a recent statement by U.S. Bankruptcy Judge Christopher S. Sontchi through a court hearing, he revealed that he should have granted Bloomberg’s objection to investigate the source of its reporter. Bloomberg initially objected to be included in an investigation of a breach in confidentiality related to bankruptcy case. This occurred after the judge strictly [...]

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Authority is facing Chapter 11 bankruptcy after being unsuccessful in capitalizing on the current fitness trend that competitors benefit from. The U.S. sporting goods chain is trying to avoid a bankruptcy filing by persuading creditors to decrease its outstanding debt, according to reports. Sports Authority, which has 450 branches, failed to make the $343 million [...]

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The Official Committee of Unsecured Creditors of Relativity Media intends to file an objection in the U.S. Bankruptcy Court because of the fees being claimed by FTI Consulting for its services to the studio’s Chapter 11 bankruptcy case. FTI claimed in a filing in December that the bankrupt studio owed $4.58 million in fees plus $251,504 [...]

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James Lomma, a construction magnate, declared bankruptcy on Jan. 6.  Lomma.  He is the owner of a New York crane that collapsed in 2008 and crushed to death two workers. The filing occurred after he was ordered by a Manhattan judge to pay $96 million in damages to the families of the two victims. Lomma [...]

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The San Antonio Northwest Side Aspect of Forest Park Medical Building has been proposed for auction.  However, the sale will be halted due to several setbacks. The owner of Forest Park Medical Center San Antonio recently filed for bankruptcy protection, stating that it has already chosen a buyer following an auction that generated multiple bids. [...]

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Traffic Shoes sought for bankruptcy protection as its owner closes down stores and reorganize operational expenses. The store, led by David Goodman, initially opened in 1989 in Miami before branching into 83 stores in different locations. Traffic Shoes’ other auxiliary companies such as Goodman and Dominguez Inc, Traffic Inc., Traffic Plaza Del Norte Inc., and [...]

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San Bernardino filed for bankruptcy subsequent to Terry Wayne Jackson’s death in 2009 after police officers pinned him to the ground and tasered him. Sheryl Nash, Jackson’s mother filed a case and was awarded $686,000 in July 15, 2012.  San Bernardino filed for bankruptcy two weeks later. City officials claim that they canot afford to [...]

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Doral Bank in Puerto Rico pleaded the judge for more time to stay in control in addressing its bankruptcy issues as it negotiates with its unsecured creditors on a reorganization plan. This is Doral Bank’s second time to request an extension of its exclusivity period since last November.  The bank was awarded an approval last [...]

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