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...People close to S&C and FTX noted that all the company’s actions had to be approved by the bankruptcy court with the consent of the US Trustee and creditors, and pointed out that Bankman-Fried had several...
...Under 28 U.S.C. section 1408, a company can file bankruptcy in any district where it has its domicile, principal place of business, or principal assets for 180 days prior to bankruptcy....
...Under the US Constitution, bankruptcy laws are to be enacted only by the US Congress, and only federal courts handle bankruptcy cases....
...On Monday, his attorneys at Quinn Emanuel filed a request to appear in court during WeWork’s bankruptcy proceedings. (The lawyers also represent Flow, according to the court filing.)...
...Paxos Trust Co.’s issuance of U.S. dollar-backed stablecoins has been under the supervision of the New York State Department of Financial Services (NYDFS) since 2018....
...The subpoena was issued on June 15, the lender disclosed in a Manhattan bankruptcy court filing last week....
...Chapter 11’s “descent into lawlessness”....
...s=46&t=sHLp3DbiINVc5keG0SC8fQ There are other interesting details in the WSJ piece....
...Marc Kirschner, the bankruptcy trustee, argues that these legal risks were not disclosed to investors because loans, wrongly, aren’t considered securities....
...It could very well face bankruptcy. The Biden administration and others cheering the JetBlue decision should reflect on that possibility....
...As noted by the Second Circuit, the court “prioritise[s] fair allocation over the full payment of any one claim”. Ryan Dattilo Chevy Chase, MD, US...
...Under French law, the move is a voluntary step before a potential court-supervised debt restructuring....
...Now, the Barclays credit analysts stress that these methods haven’t yet been tested in court....
...The slower expectations for the transition come as companies make U-turns on their climate pledges and governments double down on fossil fuels amid energy security concerns....
...Right, we’ve gotten that impression from heaps of testimony and bankruptcy documents....
...Pursuant to 28 U.S.C. § 517, the Attorney General of the United States is authorized to send any officer of the Department of Justice to “attend to the interests of the United States in a suit pending in...
...Four-figure discrepancies were all it took for upstanding local businesspeople to be driven to court, bankruptcy and even suicide....
...of the United States in which the United States is interested.” 28 U.S.C. §§ 517, 518....
...August 14, 2023: Prime Trust, LLC and certain of its affiliates filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware...
...More large US companies are taking shelter in bankruptcy court, a sign of a tightening credit squeeze as interest rates rise and financial markets become less hospitable to borrowers....
...It would be a test of South Africa’s own legal system and the authority of the courts.”...
...Distressed US companies are increasingly resorting to debt restructurings to avoid expensive bankruptcy proceedings, but many borrowers ultimately end up in court anyway — with their deals amounting to little...
...Here’s why S&P is making the U-turn....
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