Sun.Jan 28, 2024

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TV Legend facing Bankruptcy due to unpaid HMRC Debt

UK debt collections

TV Legend Bill Roache is facing bankruptcy for a second time. The 91-year-old actor – who has played Ken Barlow on ‘Coronation Street’ TV soap since 1960 – is the soap’s highest-paid cast member, earning around £250,000 a year but he’s facing financial ruin after HMRC filed a petition against him in London’s High Court earlier this week.

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Why is credit counseling crucial before filing for bankruptcy?

Roths Child Law

Are you contemplating filing for bankruptcy? If so, you should be aware of a critical pre-filing requirement: credit counseling. While it may not be the first thing that comes to your mind when you’re in need of bankruptcy, it’s important to acknowledge its relevance. Before you file, you’ll need to complete a short credit counseling course from a government-approved agency.

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Automatic Stay is not Extended to Enjoin Arbitration Between Non-Debtors, Even Where Debtor’s Actions are the Subject of the Arbitration

ABI

Jonathan Schloth St. John’s University School of Law American Bankruptcy Institute Law Review Staff In Ferrandino & Son, Inc. v. Sahene Construction L.L.C. ( In re Sahene Construction), the United States Bankruptcy Court for the District of Louisiana held that a non-debtor defendant was not entitled to protection of an automatic stay.

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Contested Social Media Account Ownership in Bankruptcy: Court’s Evaluation of Vital Pharmaceuticals' Motion for Injunction in CEO Account Dispute

ABI

Garrity Kuester St. John’s University School of Law American Bankruptcy Institute Law Review Staff A motion for a preliminary injunction in a bankruptcy is governed by Federal Rule of Bankruptcy Procedure 7065, which incorporates Federal Rule of Civil Procedure 65. [1] Under Federal Rule of Civil Procedure 65, a party seeking injunctive relief must prove that: “(1) it has a substantial likelihood of success on the merits; (2) it will suffer irreparable harm if the court does not issue an

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

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The Uncertain Power of Bankruptcy Courts to Approve Non-Consensual Third-Party Releases

ABI

Katharine Manganello St. John’s University School of Law American Bankruptcy Institute Law Review Staff In Purdue Pharma, L.P. v. City of Ground Prairie ( In re Purdue Pharma L.P. ), the Second Circuit held that a bankruptcy court has statutory jurisdiction to approve a plan that includes a nonconsensual third-party release of direct claims against non-debtors. [1] In 1995, Purdue, a privately held pharmaceutical company owned and governed by the Sackler family developed and

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Proper Termination of an Option to Repurchase Under the Bankruptcy Code

ABI

Aria Lugo St. John’s University School of Law American Bankruptcy Institute Law Review Staff In In re Pazzo Pazzo Inc. , the United States Court of Appeals for the Third Circuit held that the proper termination of an option to repurchase was not a “transfer” that could be avoided under Chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”).