Overwhelmed with debts? Financial stress can get extremely challenging. But there is a legal process to save you from all the struggle! Filing for Chapter 7 bankruptcy is one of the most common options to wipe off all your unsecured debts, including your personal debt, medical expenses, and … [Read more...]
Dallas Mavericks Opt Out of Bally Sports Southwest, Highlighting Bankruptcy’s Impact on Broadcasts | Warren & Migliaccio
The Dallas Mavericks are turning to a new provider for broadcasting their games this season, largely due to complications arising from bankruptcy proceedings. Mavericks Games Won’t Air on Bally Sports Southwest This season, the Dallas Mavericks' games will not be broadcast on Bally Sports Southwest, … [Read more...]
Second Circuit Upholds $2.5 Million Chapter 7 Bankruptcy Settlement Amid Creditor Dispute| Warren & Migliaccio
A New York Bankruptcy Court Correctly Refused to Overturn the Approval of a $2.5 Million Settlement A New York bankruptcy court correctly refused to overturn the approval of a $2.5 million settlement in the bankruptcy of a founder of defunct hedge fund Platinum Partners, the Second Circuit ruled … [Read more...]
Ch. 7 Trustee Can’t Recover Tax Payment, States Tell Justices | Warren & Migliaccio
States Support Federal Government in IRS Tax Payment Case A coalition of 22 states and the District of Columbia has aligned with the federal government in appealing to the U.S. Supreme Court to overturn a ruling that mandated the IRS return a tax payment. This arose when a bankruptcy trustee deemed … [Read more...]
AllHere Education Inc. Files for Chapter 7 Bankruptcy Amid – | Warren & Migliaccio
Boston-Based Harvard Innovation Labs Venture Cites Financial Woes AllHere Education Inc., a Boston-based Harvard Innovation Labs venture, has filed for Chapter 7 liquidation in Delaware, citing financial difficulties and concerns about the privacy of students' data. The company, which provided … [Read more...]
LL Flooring Files for Chapter 11 Bankruptcy, Announces Closure of 94 Stores Across 30 States | Warren & Migliaccio
LL Flooring, formerly known as Lumber Liquidators, has filed for Chapter 11 bankruptcy and announced the closure of 94 stores across more than 30 states, including Texas. According to filings made in Delaware bankruptcy court on Sunday, the company is grappling with nearly $110 million in long-term … [Read more...]
Moxion Power Co. Files for Chapter 7 Bankruptcy with Estimated Liabilities of $100M-$500M | Warren & Migliaccio
Electric Generator Startup Faces Financial Woes Moxion Power Co., a San Francisco Bay Area-based electric generator startup backed by Amazon, has filed for Chapter 7 liquidation in Delaware with estimated liabilities ranging from $100 million to $500 million. This news comes on the heels of the … [Read more...]
Celsius Network Sues Tether for Over $2 Billion in Bitcoin Clawback | Warren & Migliaccio
Celsius Network's Legal Action The defunct cryptocurrency platform Celsius Network has filed a lawsuit against Tether, the largest stablecoin provider, seeking to recover over $2.3 billion in Bitcoin. The lawsuit accuses Tether of exploiting Celsius' financial troubles for its own gain as Celsius … [Read more...]
How Much Debt Do You Need to File Chapter 7 Bankruptcy?
Bankruptcy is a major financial decision that can provide relief from overwhelming debt. But it's not a choice to make lightly. Knowing the right time to file for bankruptcy is important. This helps ensure it works as intended and doesn't cause more problems. At Warren & Migliaccio, we … [Read more...]
Record High U.S. Credit Card Debt Hits $1.14 Trillion Amid Rising Costs and Interest Rates | Warren & Migliaccio
Record Credit Card Debt Hits $1.14 Trillion According to data released on Tuesday by the Federal Reserve Bank of New York, U.S. credit card debt has surged to an unprecedented $1.14 trillion. This marks an increase of $27 billion from the $1.13 trillion reported in the second quarter of … [Read more...]
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