Potential Bankruptcy Debtors Looking To Avoid Garnishment Of Their Bank Accounts Should Pay Heed To The Woeful Tale Of Dr. John Tomberlin
May 12th, 2021 - Posted in BA Blog, Dana R. Quick by Dana Quick
After more than a decade of litigation over a personal guarantee, Dr. Tomberlin effectively stripped himself of a bankruptcy discharge through the use of his business bank account over a 4-month period, in a ruling affirmed this week by the 11th Circuit, leaving him on the hook for a $20 million judgment. (more…)
Anniversary Blog – What Makes a Partnership Successful
CHALLENGES BY THE BOY SCOUTS OF AMERICA IN CHAPTER 11 CASE ON VALIDITY OF SEXUAL ABUSE CLAIMS
February 16th, 2021 - Posted in BA Blog, Dana R. Quick
Boy Scouts of America’s insurers have challenged the validity of sexual abuse claims brought after a legal advertising campaign saw claims grow from 1,700 to over 95,000, asking a Delaware bankruptcy judge to allow discovery on individuals and attorneys who filed claims in the organization’s Chapter 11 case. (more…)
Stakeholder Bonuses Becoming Increasingly Common in Large Chapter 11 Cases as in The Case of Borden
June 29th, 2020 - Posted in BA Blog by Scott Brown
Back in January, milk producer Borden Dairy Co. (of Elsie the Cow fame) filed a Chapter 11 in Delaware citing the rising cost of raw milk and market challenges facing the dairy industry including a $1.1 billion decline in traditional milk sales in 2018. (more…)
Boy Scouts Receive Permission to Set Bar Date For Nov. 2020 On Abuse Claims In Ch. 11
June 17th, 2020 - Posted in BA Blog by Dana Quick
Following months of negotiations with various interested groups, the Boy Scouts of America is pushing its bankruptcy case forward. Recently, the BSA received approval from the Delaware Bankruptcy Court to adopt a bar date for sexual abuse victims to file claims against the organization’s Chapter 11 estate while negotiations continue over a potential global settlement to the case. (more…)
BAST AMRON AT 11: SPOTLIGHT ON BRETT AMRON-All That Running
BAST AMRON AT 11: SPOTLIGHT ON JEFFREY BAST
Second Phase of PPP Program Presents its Challenges
May 19th, 2020 - Posted in BA Blog by Brett Amron
The second round of the PPP program was intended to help those small businesses who missed out on the first round of funding. Though some lessons were learned from the initial phase, with a program of this size there are bound to be challenges. And there have been…
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BANKRUPTCY CHALLENGES FACING RESTAURANTS IN THE COVID ERA
May 15th, 2020 - Posted in BA Blog by Scott Brown
We’ve all read about the recent bankruptcy filings of large national retailers such as JCrew and Neiman Marcus, with predictions of many more to come, but there’s been far less press about restaurants and restaurant chains that have filed bankruptcy or are likely to file bankruptcy. (more…)