San Antonio lawyer

Brazil-based producer of iron ore MMX Mineracao & Metalicos’ unit, MMX Sudeste Mineracao, sought for bankruptcy protection from creditors at a court in Belo Horizonte. MMX Sudeste owns the Bom Sucesso and Serra Azul ventures, and brings in the greater part of income for MMX Mineracao, which Brazilian business magnate Eike Batista owns, according to […]

{ 0 comments }

Golfsmith International, the seller of golf equipment and clothing, is exploring the possibility of filing for bankruptcy while it finds a buyer, according to some people who have knowledge of the company’s state of affairs. Golfsmith reportedly tapped Jefferies LLC investment bank to seek buyers for its approximately 150 stores, having been unsuccessful up to […]

{ 0 comments }

American rapper and entrepreneur 50 Cent does want to disclose the details of his Frigo RevoutionWear endorsement, according to reports.  Last year, he posted in his Instagram account that he earned $78 million from his endorsement deal with the underwear product. But Mr. Jackson’s attorneys have asked the court not to disclose the details of […]

{ 0 comments }

Lehman Brothers Holding Inc has reduced claims worth billions of dollars filed by a derivatives unit in Switzerland. The details of the arrangement were revealed in the court filing. Lehman left bankruptcy last year but it has to take care of various unfinished lawsuits. The deal with the Swiss unit Lehman Brothers Finance AG (LBF) […]

{ 0 comments }

The 15% interest rate on new credit card offers has not change, according to Weekly Credit Card Rate Report. This is the fifth week that the country’s average annual percentage rate on credit card offers stayed at 15%. Additionally, the average rates have remained just over 14.96 percent for 13 straight weeks. Not one of […]

{ 0 comments }

An emergency alert was sent out by the Better Business Bureau to warn consumers with regards to a prevalent scam involving fake debt collectors, who were able to obtain substantial personal data of their victims. Based on reports that BBB offices received in many states, the fraudsters accuse consumers of defaulting on a loan and […]

{ 0 comments }

Most of the time, flaws in credit card debt lawsuits go unnoticed, according to judges. Compared to foreclosures, the consumers usually do not make an appearance in court to defend themselves. For that reason, around 95% of cases end in default judgments against the borrowers. In the midst of the surge in credit card debt […]

{ 0 comments }

Creditors of Lehman Brothers Holdings Inc will be paid roughly $10.5 billion beginning November. This is the second part of its plan to gradually pay out over $65 billion. Lehman is going to distribute the payments to subsidiaries and affiliates, and also to the third-party creditors, according to court papers filed with the Manhattan bankruptcy […]

{ 0 comments }

In case the fiscal cliff becomes effective in 2013, it will enhance the U.S. debt outlook, but timetabled spending cuts and tax raises would drive the nation into economic downturn and up to 9 percent increase of unemployment. That is one of the major downsides based on an analysis of Congressional Budget Office. The agency […]

{ 0 comments }