Bankruptcy

Bankruptcy: SGU’s personal property auctioned off – News – The Shawnee News-Star

[ad_1] Hired by district court, it took almost a full eight hours Thursday for Dakil Auctioneers, Inc. to liquidate St. Gregory’s University’s (SGU) personal property — physical items such as computers; televisions; athletic and nursing equipment; furniture; cafeteria; and library, etc. at his facility at 200 NW 114th Street in Oklahoma City. Hired by district court, it took almost a full eight hours Thursday for Dakil Auctioneers, Inc. to liquidate St. Gregory’s University’s (SGU) personal property — physical items such…

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Davis Miles McGuire Gardner, a Tempe, Arizona Based Law Firm, Releases Book, “Everything You Never Wanted to Know About Bankruptcy (But Were Afraid to Ask)”

[ad_1]     TEMPE, AZ, July 13, 2018 /24-7PressRelease/ — Pernell W. McGuire, the author of the book, “Everything You Never Wanted to Know About Bankruptcy (But Were Afraid to Ask),” has been dedicated to providing bankruptcy and debtor/creditor services to people and businesses throughout Arizona for over 22 years. The book helps answer some of the most frequently asked questions surrounding bankruptcy, personal bankruptcy, chapter 7, chapter 11 and chapter 13 bankruptcy. If you’re in need of financial assistance, this book…

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Gawker.com sold to Bleacher Report co-founder Bryan Goldberg in – Honolulu, Hawaii news, sports & weather

[ad_1] By Tom Kludt and Oliver Darcy NEW YORK (CNNMoney) — The last vestiges of Gawker.com, the now-dormant gossip website that was equal parts feared and admired, were sold on Thursday to Bryan Goldberg, the founder of Bustle and co-founder of Bleacher Report. A person familiar with the situation confirmed the sale of the site, which they said went for less than $1.5 million. Goldberg founded the sports website Bleacher Report along with three other people in 2005; in 2012,…

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Financial details disclosed in St. Paul-Minneapolis Archdiocese bankruptcy settlement

[ad_1] The St. Paul-Minneapolis Archdiocese will pay roughly $23.5 million as part of its $210 million bankruptcy settlement, court documents filed in late June show. On June 28, the archdiocese and the unsecured creditors’ committee, which represents 450 survivors of clergy sexual abuse, filed in U.S. Bankruptcy Court their joint plan for reorganization along with a disclosure statement of the archdiocese’s finances, including a breakdown of the settlement’s funding sources. The filing represented the next step toward bankruptcy resolution for…

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Gawker Media Sold to Bustle Founder Bryan Goldberg in Bankruptcy Auction

[ad_1] Gawker Media Sold to Bustle Founder Bryan Goldberg in Bankruptcy Auction Gawker.com the once mighty flagship of Gawker Media was sold Thursday to Bustle Media chief Bryan Goldberg in a bankruptcy court auction, a person familiar with the matter confirmed to TheWrap. The auction was held behind closed doors at the New York offices of the firm Ropes & Gray. It’s unclear how much Goldberg paid for the site, but the individual said opening bids began at $1.3 million.…

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Is Newfoundland and Labrador headed for bankruptcy? And how much will that cost the rest of Canada?

[ad_1] Warrick Chubbs is like a character out of a tourism commercial. If, on a summer afternoon you show up at his home in St. Lewis, Labrador, he’s liable to invite you in for tea and cake, then take you on a tour of his vegetable garden. Then it’s on down to the wharf, to see the salted codfish drying in the sun. St. Lewis is rural and remote, and feels like real frontier living. Older folks like Chubbs can…

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St. Gregory’s University bankruptcy: auction today for SGU property – News – The Shawnee News-Star

[ad_1] For the past two days the former St. Gregory’s University (SGU) campus has played home to potential shoppers gearing up for the sale of various property from the institution; an auction is set for this morning. The school filed bankruptcy in November — shuttering its doors at the end of its fall semester in December. For the past two days the former St. Gregory’s University (SGU) campus has played home to potential shoppers gearing up for the sale of…

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Falls Event Center parent files for bankruptcy

[ad_1] News-Register file photo The Falls Event Center, LLC, a Utah company that aquired the Wings and Waves Waterpark and some of the land and buildings occupied by the Evergreen Aviation and Space Musuem, has filed for bankruptcy. The McMinnville-based facilities are managed by a separate limited liability company, The Falls at McMinnville, LLC. The Utah-based parent company filed for Chapter 11 restructuring on Wednesday, July 11, which should allow it to continue conducting business. The role of CEO for…

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National View: Let student borrowers declare bankruptcy, already – Opinion – southcoasttoday.com

[ad_1] Bloomberg Opinion For decades, the U.S. system of higher education has operated on a unique premise: To make college affordable for a broad swathe of Americans, student debt must be an almost inviolable obligation. Now, authorities are starting to question that assumption. It’s about time. Capitalist societies have long taken a forgiving approach to people who can’t pay their debts. The rationale is that allowing them to seek relief through bankruptcy makes everyone better off: Creditors get what…

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Attorney blasts ‘morally bankrupt’ NCAA as Louisville players ai

[ad_1] LOUISVILLE, KY (WAVE) – Lawyers representing several former UofL basketball players spoke for about an hour at a news conference Wednesday, sharing with local media some of the details of their lawsuit against the NCAA. >> EXTRA: Read The Lawsuit The attorneys — led by John Morgan of the law firm Morgan & Morgan — are representing the players in their effort to regain their 2013 national championship. The NCAA this year vacated UofL’s title following the escort scandal…

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Bankruptcy court approves sale of The Weinstein Company at a discount

[ad_1] TWC(NEW YORK) — A federal bankruptcy court judge today approved a revised plan for the sale of the studio co-founded by embattled former movie mogul Harvey Weinstein to a private equity firm for $289 million.  ABC Radio reports Lantern Capital will pay a reduced price, down from $310 million, for the company, in exchange for assuming certain liabilities and operating expenses. It should be noted there are still outstanding claims filed by a number of Hollywood’s biggest names for…

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Essar Steel creditors seek 40 days exemption in computation of resolution process

[ad_1] Essar Steel has a debt of ₹49,000 crore and was referred to the NCLT in June 2017. New Delhi: The committee of creditors (CoC) to Essar Steel on Wednesday sought exemption of around 40 days in computation of the corporate insolvency resolution process from the National Company Law Appellate Tribunal (NCLAT). The entire period starting 19 April 2018 to the final disposal of the present appeals be specifically excluded in computation of the corporate insolvency resolution process period (i.e.…

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New bankruptcy law instills fear among delinquent borrowers

[ad_1] By Vrishti Beniwal and Upmanyu Trivedi India’s new bankruptcy law has instilled fear among delinquent borrowers and prompted several reluctant founders to repay outstanding debt due to the risk of losing their company, according to its insolvency regulator. “There is a perceptible difference in the behavior of borrowers and lenders,” M.S. Sahoo, chairman of the Insolvency and Bankruptcy Board of India, said, referring to the period since the introduction of Insolvency and Bankruptcy Code in 2016. “The stakeholders know…

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