Chapter 7 liquidation

Creditors of Nevada Gaming Partners LLC were slated to gather for the first time on Nov. 17 to talk about the company’s Chapter 11 bankruptcy filing shortly after reopening the Klondike Sunset Casino located in Henderson. The company declared bankruptcy in October a few months after proprietor Bruce Familian obtained a license from the Nevada […]

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For-profit Mattia College in Miami filed for Chapter 11 reorganization in U.S. Bankruptcy Court last February 29. This occurred shortly after the closure of schools located in West Kendall and Doral. There are Professional Training Centers that have declared their assets and liabilities ranging from $1 million up to $10 million.  These establishments are owned […]

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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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Truland Systems Corp.’s first bankruptcy hearing is scheduled this Wednesday. A Chapter 7 liquidation bankruptcy case was filed by the electrician workers against the company after it abruptly closed on July 21. Company officials have been silent since the shut down, which is greatly affecting the people in the D.C. area. Truland hired hundreds of […]

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U.S. Government Asks Judge to Liquidate LifeCare Hospital Chain over Tax Payments U.S. government files a motion in court stating that it liquidating a chain of 27 hospitals is better than to sell it off as a continuing business. Based on the court papers filed, the Internal Revenue Service asked the judge to prevent the […]

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Peregine Financial Group CEO Russell Wasendorf Sr. pleaded not guilty on Friday to all charges filed against him for making false statements to federal regulators. According to legal viewers, they had been expecting the move after Wasendorf Sr. confessed to misusing customer funds. The move sets the stage for a plea bargain. Wasendorf Sr., who […]

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