Ponzi scheme victims unite, steer bankruptcy to help each other

California real estate mogul Kenneth Casey defrauded more than 1,300 investors out of hundreds of millions of dollars in a Ponzi scheme. Now its victims are taking control in a Chapter 11 so collaborative that it has stunned seasoned bankruptcy lawyers. “It’s a process I’ve never seen before,” said Michael I. Goldberg of Akerman LLP, […]

Pennsylvania Bankruptcy

What Are The Pennsylvania Bankruptcy Exemptions? Pennsylvania law protects all or a portion of your property from being seized by creditors or the bankruptcy trustee in a Chapter 7 bankruptcy. In a Chapter 13 bankruptcy, you are generally allowed to keep all of your assets and property. Certain exceptions may apply, so it’s wise to […]

Pacific Theatres Files For Chapter 7 Bankruptcy – The Hollywood Reporter

The impact of the pandemic is preventing Pacific Theaters Exhibition Corporation from opening the doors to its ArcLight Cinemas and Pacific Theaters locations. The exhibitor in difficulty, present at the 16 sites, has instead filed for Chapter 7 bankruptcy in order to liquidate its remaining assets for its creditors, the company announced on Friday. “We […]

Pacific Theatres Files For Chapter 7 Bankruptcy – News

Pacific Theaters Exhibition Corporation, which includes Arclight Cinemas, really isn’t due to reopen anytime soon. The exhibition company today issued a statement that it is filing Chapter 7 in order to liquidate its assets for creditors. We hear that the “assets” to which this bankruptcy relates are the equipment, seats, projectors and popcorn machines like […]

Pacific Winnetka Theater To Liquidate Assets

CHATSWORTH, CA – Pacific Theaters Exhibition Corporation, owner of the Pacific Winnetka 12 Theater in Chatsworth, announced Thursday that it is filing for Chapter 7 bankruptcy to liquidate creditors’ assets. This includes all equipment, seating, projectors, and popcorn machines for all ArcLight and Pacific locations except ArcLight Hollywood and the Cinerama Dome. The Decurion Corporation, […]

Oregon Bankruptcy

What Are The Oregon Bankruptcy Exemptions? Oregon law protects all or a portion of your property from being seized by creditors or the bankruptcy trustee in a Chapter 7 bankruptcy. In a Chapter 13 bankruptcy, you are generally allowed to keep all of your assets and property. Certain exceptions may apply, so it’s wise to […]

Omega Sports submits bankruptcy reorganization plan | Local

“The debtor should be able to pay its operating expenses and generate sufficient disposable income and profit to fund the plan,” according to the filing. Omega’s financial analysis projects have total revenue of $ 10.3 million in fiscal 2021, $ 13 million in fiscal 2022, $ 14.7 million in fiscal 2023 and $ 16 million […]

Omega Insurance Surrogacy Scandal Surpasses $6M In Claims

The damage caused by the Omega PregnancyCare insurance scandal continues to mount. The court-appointed liquidators for the separate Cayman-based holding company – which housed the primary insurance entity of the insurance product sold in the United States – appealed for victims’ claims. As reported in a May 6, 2021, Zoom meeting of creditors, those claims have […]

Bankruptcy Attorney

Bankruptcy Attorney

Do I Require the Services of a Bankruptcy Attorney? What is the Role of a Bankruptcy Attorney? Because the term “bankruptcy” conjures such terrible connotations, people often overlook the actual reason for filing: getting out of debt. A) It protects you against creditors; and  B) It relieves you of some, if not all, of your […]

Bankruptcy Lawyer

Bankruptcy Lawyer

Five Things To Look For In a Bankruptcy Lawyer If you’re thinking about filing for bankruptcy, hiring a competent bankruptcy lawyer is your best chance for a successful result. Although it is possible to file for bankruptcy without employing an attorney, doing so is not recommended. “Filing personal bankruptcy under Chapter 7 or Chapter 13 […]

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