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Bankruptcy Filings | United States Courts

US Bankruptcy Court NJ - Live Database

Welcome to the U.S. Bankruptcy Court for theDistrict of New Jersey

District of New Jersey - Document Filing System

CHAMBERS EMAIL ACCOUNTS:Chief Judge Michael B. Kaplan: chambers_of_mbk@njb.uscourts.govJudge Rosemary Gambardella: chambers_of_rg@njb.uscourts.govJudge Kathryn C. Ferguson: chambers_of_kcf@njb.uscourts.govJudge Christine M Gravelle: chambers_of_cmg@njb.uscourts.govJudge Andrew B. Altenburg, Jr.: chambers_of_aba@njb.uscourts.govJudge Vincent F. Papalia: chambers_of_vfp@njb.uscourts.govJudge John K. Sherwood: chambers_of_jks@njb.uscourts.govJudge Jerrold N. Poslusny, Jr.: chambers_of_jnp@njb.uscourts.govJudge Stacey L. Meisel: chambers_of_slm@njb.uscourts.gov

From time to time, you may experience significant slowness with the system. Some of it is due to technical difficulties and some is due to network congestion. When you encounter such an event, please log off the system and wait 10 minutes before retrying. Please be reminded that clicking on the "submit" button twice may result in duplicated filings. To work around problems of network congestion, filing in the following time period is encouraged: early in the morning, around lunch hours, and late afternoon.

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US Bankruptcy Court NJ - Live Database

Date Time Action October 15, 2022 Scheduled ECF-Live - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. October 8, 2022 Completed ECF-Train - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. October 1, 2022 Completed ECF-Test - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. September 24, 2022 Completed ECF-Test, ECF-Train, ECF-Live - scheduled system maintenance, updates and/or upgrades from 5:00 am - 9:00 am (MST). Intermittent disruptions in access to CM/ECF expected. September 17, 2022 Completed ECF-Live - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. September 11, 2022 Completed PACER - scheduled system maintenance, updates and/or upgrades from 2:00 am - 1:00 pm (MST). Intermittent disruptions in access to PACER expected. September 10, 2022 Completed ECF-Train - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. September 9, 2022 Completed ECF-Test - scheduled system maintenance, updates and/or upgrades from 6:00 am - 9:00 am (MST). CM/ECF System Downtime expected. September 3, 2022 Completed ECF-Test - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. August 28, 2022 Completed PACER - scheduled system maintenance, updates and/or upgrades from 4:00 am - 6:00 pm (MST). Intermittent disruptions in access to PACER expected. August 24, 2022 Completed ECF-Test - system maintenance, updates and/or upgrades from 6:45 am - 7:45 am (MST). CM/ECF downtime expected only in ECF-Test. August 20, 2022 Completed ECF-Live - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. August 13, 2022 Completed ECF-Train - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. August 10, 2022 Completed ECF-Live - scheduled system maintenance, updates and/or upgrades from 6:00 pm - 10:00 pm (MST). No disruptions in access to CM/ECF expected. August 6, 2022 Completed ECF-Test - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. August 3, 2022 Completed ECF-Test and ECF-Train - scheduled system maintenance, updates and/or upgrades from 6:00 pm - 10:00 pm (MST). No disruptions in access to CM/ECF expected. July 16, 2022 Completed ECF-Live - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. July 13, 2022 Completed ECF-Live - scheduled system maintenance, updates and/or upgrades from 6:00 pm - 9:00 pm (MST). Intermittent disruptions in access to CM/ECF expected. July 10, 2022 Completed PACER - scheduled system maintenance, updates and/or upgrades est. window: 5:55 am - 4:30 pm (MST). Intermittent disruptions in access to PACER expected. July 9, 2022 Completed ECF-Train - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. July 6, 2022 Completed ECF-Test and ECF-Train - scheduled system maintenance, updates and/or upgrades from 6:00 pm - 9:00 pm (MST). Intermittent disruptions in access to CM/ECF expected. July 2, 2022 Completed ECF-Test - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. June 18, 2022 Completed ECF-Live - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. June 11, 2022 Completed ECF-Train - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. June 4, 2022 Completed ECF-Test - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. May 21, 2022 Completed ECF-Live - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. May 14, 2022 Completed ECF-Train - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. May 7, 2022 Completed ECF-Test - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. April 30, 2022 Completed ECF-Live - scheduled system maintenance, updates and/or upgrades from 4:00 am - 7:00 am (MST). Downtime and Intermittent disruptions in access to CM/ECF expected. April 22 and 25, 2022 Completed ECF-Test system maintenance, updates and/or upgrades from 9 - 12 am (MST) on 4/22 and all day on 4/25. Downtime and Intermittent disruptions in access to CM/ECF expected. April 16, 2022 Completed ECF-Live - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. April 9, 2022 Completed ECF-Train - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. April 2, 2022 Completed ECF-Test - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. March 31, 2022 Completed ECF-Live - downtime expected in ECF-Live during maintenance window, from 6:00 - 8:00 pm (MST). March 19, 2022 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. March 12, 2022 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. March 10, 2022 Completed ECF-Test scheduled NextGen Software Upgrade, downtime expected during maintenance window, from 6:00 am (MST) Thursday March 10, 2022 through Thursday, March 24, 2022 at 6 pm (MST). Please use ECF-Train for any testing needs during this time. March 5, 2022 Completed ECF-Live and ECF Test - downtime expected in ECF-Live during maintenance window, from 3:00 am (MST) - 11:00 am (MST). February 26, 2022 Completed ECF-Live, ECF-Test, ECF-Train scheduled system maintenance, downtime expected during extended maintenance window, from 3:00 am - 11:00 am (MST). February 23, 2022 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 3:30 pm (MST) to 6:30 pm (MST). Intermittent disruptions in access to CM/ECF expected. February 19, 2022 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. February 12, 2022 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. February 9, 2022 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 7:00 pm - 11:00 pm (MST). February 5, 2022 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. February 2, 2022 Completed ECF-Train and ECF-Test scheduled system maintenance, updates and/or upgrades from 7:00 pm - 11:00 pm (MST). January 22, 2022 Completed ECF-Live scheduled system maintenance, CM/ECF downtime expected during regularly scheduled maintenance window from 6:00 am - 9:00 am (MST). Intermittent disruptions in access to CM/ECF expected. January 20, 2022 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 2:30 pm - 4:30 pm (MST). Intermittent disruptions in access to CM/ECF expected. January 18, 2022 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 2:30 pm - 4:30 pm (MST). Intermittent disruptions in access to CM/ECF expected. January 15, 2022 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. January 8, 2022 Completed ECF-Live scheduled update to NextGen CM/ECF 1.6.2: CM/ECF downtime expected during regularly scheduled maintenance window from 6:00 am - 9:00 am (MST). Also, ECF-Train scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected January 4, 2022 Completed ECF-Train scheduled update to NextGen CM/ECF 1.6.2 from 9-10:30 am MST: CM/ECF downtime or Intermittent disruptions in access to CM/ECF expected January 1, 2022 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. December 19, 2021 Completed PACER scheduled system maintenance, updates and/or upgrades from 5:00 am - 1:00 pm (MST). Intermittent disruptions in access to PACER authentication for CM/ECF and possible Pay.gov delays expected. December 18, 2021 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. December 11, 2021 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. December 8, 2021 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 7:00 pm - 11:00 pm (MST). Intermittent disruptions in access to CM/ECF expected. December 4, 2021 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. December 1, 2021 Completed ECF-Test and ECF-Train scheduled system maintenance, updates and/or upgrades from 7:00 pm - 11:00 pm (MST). Intermittent disruptions in access to CM/ECF expected. November 21, 2021 Completed PACER scheduled system maintenance, updates and/or upgrades from 4:55 am - 3:00 pm (MST). Intermittent disruptions in access to PACER authentication for CM/ECF and possible Pay.gov delays expected. November 20, 2021 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. November 13, 2021 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. November 6, 2021 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. October 16, 2021 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. October 9, 2021 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. October 2, 2021 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. September 25, 2021 Completed ECF-Test, ECF-Train and ECF-Live: scheduled system maintenance, updates and/or upgrades during regularly scheduled maintenance window, from 6:00 am - 9:00 am (MST). Intermittent disruptions in access to CM/ECF Test and Train expected. No disruption expected for ECF-Live. September 18, 2021 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. September 11, 2021 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. September 4, 2021 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. August 31, 2021 Completed ECF-Test and ECF-Train scheduled system maintenance, updates and/or upgrades from 2:00 am - 7:00 am (MST). Intermittent disruptions in access to CM/ECF expected. August 21, 2021 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. August 14, 2021 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. August 7, 2021 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. August 5, 2021 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 7:00 am - 10:00 am (MST). CM/ECF-TEST downtime expected during this maintenance window. July 17, 2021 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. July 10, 2021 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. July 8, 2021 Completed ECF-Test and ECF-Train scheduled system maintenance, updates and/or upgrades from 6:00 am - 8:00 am (MST). Intermittent disruptions in access to CM/ECF expected. July 3, 2021 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. June 24-28, 2021 Completed ECF-Live scheduled upgrade to NextGen CM/ECF 1.6.1: CM/ECF downtime expected from the afternoon of June 24 at 5:00 pm until 8:30 am (MST) on June 28. For more information, please see this announcement June 19, 2021 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. June 12, 2021 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. June 5, 2021 Completed ECF-Train scheduled upgrade to NextGen CM/ECF 1.6.1 (Train): CM/ECF downtime expected from 4:00 am until 11:59 pm (MST) on June 5. For more information, please see this announcement. ECF-Test scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). May 22, 2021 Completed ECF-Live, ECF-Test and ECF-Train systems maintenance, updates and/or upgrades from 6:00 am - 1:00 pm (MST). Downtime expected during maintenance window. May 15, 2021 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. May 8, 2021 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. May 1, 2021 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. April 17, 2021 Completed ECF-Live: scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). ECF-Train scheduled system maintenance during our regularly scheduled maintenance window from 5:00 am - 9:00 am (MST). Intermittent disruptions in access to CM/ECF expected. April 10, 2021 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. April 3, 2021 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. March 30, 2021 Completed ECF-Train system maintenance, updates and/or upgrades from 4:00 pm - 4:30 pm (MST). Intermittent disruptions in access to CM/ECF expected. March 20, 2021 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. March 13, 2021 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. March 6, 2021 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. February 27, 2021 Completed ECF-Live upgrade to version 5.3.4 from 7:00 am - 12:00 pm (MST). Downtime expected during upgrade maintenance window. February 20, 2021 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. February 13, 2021 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. February 6, 2021 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. January 26 - 27, 2021 Completed ECF-Test scheduled system maintenance and updates from 1:00 pm - 4:00 pm (MST) on both days January 21 - 22, 2021 Completed ECF-Test scheduled system upgrade to NG 1.6.1. Downtime expected from 1:00pm on January 21 until 6:00 pm (MST) on January 22 January 16, 2021 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. January 9, 2021 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. January 2, 2021 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. January 1, 2021 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 7:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. December 19, 2020 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. December 12, 2020 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. December 11, 2020 Completed ECF-Live, ECF-Train, ECF-Test: scheduled system maintenance, updates and/or upgrades from 8:00 pm - 12:00 am (MST). Intermittent disruptions in access to CM/ECF expected. December 5, 2020 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. ECF-Train and ECF-Live scheduled maintenance during standard maintenance window, from 5 - 9 am (MST). CM/ECF downtime expected in both the Live and Train systems during this time. December 1, 2020 Completed ECF-Test scheduled system update to NG 1.5.3 - CM/ECF downtime expected from 9:30 am - 11:30 am (MST). November 21, 2020 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. November 14, 2020 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. November 7, 2020 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. October 31, 2020 Completed ECF-Live scheduled system maintenance, updates and/or upgrades during standard maintenance window, from 5:00 - 9:00 am MST. CM/ECF downtime expected during this time. October 17, 2020 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. October 10, 2020 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. October 3, 2020 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF Test expected. ECF-Train and ECF-Live scheduled maintenance only during standard maintenance window, from 5 - 9 am MST. CM/ECF downtime expected in both the Live and Train systems during this time. Scheduled 19, 2020 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. September 17, 2020 Completed ECF-Test scheduled system upgrade to NG 1.5.2 - CM/ECF downtime expected from 1:00 pm - 5:00 pm (MST). September 12, 2020 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. September 5, 2020 Completed ECF-Test scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. August 21-22, 2020 Completed ECF-Live upgrade to version 5.3.3: CM/ECF downtime expected from 12:00pm on August 21 until 11:59 pm (MST) on August 22. August 15, 2020 Completed ECF-Live scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. August 8, 2020 Completed ECF-Train scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. August 8, 2020 Completed ECF-Live and ECF-Test scheduled system maintenance during our regularly scheduled maintenance window from 5:00 am - 9:00 am (MST). Intermittent disruptions in access to CM/ECF expected. August 6, 2020 Completed ECF-Live, ECF-Train, and ECF-Test - system maintenance and upgrades from 6:00 pm - 10:00 pm (MST). Intermittent disruptions in access to CM/ECF expected. August 1, 2020 Completed ECF-Test scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. July 18, 2020 Completed ECF-Live: Scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. July 17-18, 2020 Cancelled ECF-Live upgrade to version 5.3.3: CM/ECF downtime expected from 12:00pm on July 17 until 11:59 pm (MST) on July 18. July 11, 2020 Completed ECF-Live: Scheduled system maintenance and upgrades from 5:00 am - 1:00 pm (MST). CM/ECF will be unavailable during this time. July 11, 2020 Completed ECF-Train: Scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF-Train expected. June 25-26, 2020 Completed ECF-Train: Scheduled system maintenance and upgrades. CM/ECF downtime expected from 12:00 pm on June 25 until on or before 11:59 pm (MST) on June 26. June 20, 2020 Completed ECF-Live and ECF-Train: Scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. June 13, 2020 Completed ECF-Live: Scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. June 11-12, 2020 Completed ECF-Test: Scheduled system maintenance and upgrades. CM/ECF will be unavailable from 7:00 am on June 11 until 7:00 pm (MST) on June 12. June 6, 2020 Completed ECF-Live: Scheduled system maintenance and upgrades from 5:00 am - 9:00 am (MST). Intermittent disruptions in access to CM/ECF expected. June 6, 2020 Completed ECF-Test: Scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. June 3, 2020 Completed ECF-Test and ECF-Train: Scheduled system maintenance and upgrades from 6:00 pm - 10:00 pm (MST). No disruptions in access to CM/ECF expected. May 16, 2020 Completed ECF-Live: Scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. May 9, 2020 Completed ECF-Train and ECF-Test: Scheduled system maintenance and upgrades from 2:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. May 5, 2020 Completed ECF-Test: Scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected.. May 2, 2020 Completed ECF-Test: Scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected.. April 18, 2020 Completed ECF-Live: Scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. April 11, 2020 Completed ECF-Train: Scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. April 4, 2020 Completed ECF-Test: Scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. March 27-30, 2020 Cancelled ECF-Train upgrade to NextGen 1.3 has been cancelled at this time. CM/ECF Train is no longer tentatively scheduled to be down and unavailable from 3/27 at 7:00am (MST) until 7:00am (MST) on 3/30. March 21, 2020 Completed ECF-Live Scheduled system maintenance and upgrades from 5:00 am - 2:00 pm (MST). Users may experience intermittent disruptions in access to CM/ECF. March 12, 2020 Cancelled ECF-Live: Scheduled system maintenance and upgrades from 6:00 pm - 10:00 pm (MST). Users may experience intermittent disruptions in access to CM/ECF. March 10, 2020 Cancelled ECF-Train Scheduled system maintenance and upgrades. CM/ECF will be unavailable between 10:00am-2:00pm (MST). March 7 - 8, 2020 Completed ECF-Live, ECF-Test, ECF-Train: Scheduled system maintenance and upgrades from 11:00 pm - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. March 4, 2020 Completed ECF-Test, ECF-Train: Scheduled system maintenance and upgrades from 7:00 pm - 11:00 pm (MST). Users may experience intermittent disruptions in access to CM/ECF. February 22, 2020 Cancelled ECF-Live Scheduled system maintenance and upgrades. CM/ECF will be unavailable between 7:00am-10:00am (MST). February 21, 2020 Completed ECF-Train Scheduled system maintenance and upgrades from 2:00pm-4:00pm (MST). Intermittent disruptions in access to CM/ECF expected. February 18, 2020 Completed ECF-Live upgrade to version 5.2.3. CM/ECF will be unavailable between 8:00pm-12:00am (MST). February 15, 2020 Completed ECF-Live: Scheduled system maintenance between 7:00am-11:00am (MST). Intermittent disruptions in access to CM/ECF expected. February 15, 2020 Completed ECF-Train: Scheduled system maintenance between 3:00pm-7:00pm (MST). Intermittent disruptions in access to CM/ECF expected. February 13 - 19, 2020 Completed ECF-Test: Scheduled systems testing/maintenance - CM/ECF will be unavailable after 5pm on Thursday, February 13 at 5:00 pm (MST) until Wednesday, February 19, 2020. January 31, 2020 Completed ECF-Train upgrade to version 5.2.3. CM/ECF will be unavailable between 2:00pm-5:00pm (MST). January 18, 2020 Completed Scheduled system maintenance between 3:00am-11:00am (MST). Intermittent disruptions in access to CM/ECF expected. December 21, 2019 Completed Scheduled system maintenance between 6:00am-2:00pm (MST). Intermittent disruptions in access to CM/ECF expected. December 20, 2019 Completed Required system maintenance between 7:00pm-8:00pm (MST). CM/ECF will be unavailable during this time. November 16, 2019 Completed Scheduled system maintenance between 3:00am-11:00am (MST). Intermittent disruptions in access to CM/ECF expected. October 26, 2019 Completed Scheduled system maintenance between 2:00am-10:00am (MST). Intermittent disruptions in access to CM/ECF expected. October 19, 2019 Cancelled Scheduled system maintenance between 8:00am-1:00pm (MST). Intermittent disruptions in access to CM/ECF expected. August 17, 2019 Completed Scheduled system maintenance between 2:00am-10:00am (MST). Intermittent disruptions in access to CM/ECF expected. July 20, 2019 Completed Scheduled system maintenance between 2:00am-10:00am (MST). Intermittent disruptions in access to CM/ECF expected. June 29, 2019 Completed Scheduled system maintenance between 7:30am-12:30pm (MST). CM/ECF Test not available during this time. June 15, 2019 Completed Scheduled system maintenance between 2:00am-10:00am (MST). Intermittent disruptions in access to CM/ECF expected. June 13, 2019 Completed Required system maintenance between 6:00pm-7:00pm (MST). CM/ECF not available for electronic filing. June 13, 2019 Completed Required system maintenance between 8:00am-9:00am (MST). CM/ECF Test not available. May 18, 2019 Completed Scheduled system maintenance between 2:00am-10:00am (MST). Intermittent disruptions in access to CM/ECF expected. May 6, 2019 Completed Scheduled system maintenance between 5:00am-7:00am (MST). CM/ECF not available for electronic filing. April 25, 2019 Completed Scheduled system maintenance between 7:00am-7:30am (MST). Intermittent disruptions in access to CM/ECF Test expected. March 16, 2019 Completed Scheduled system maintenance between 2:00am-10:00am (MST). Intermittent disruptions in access to CM/ECF expected. February 16, 2019 Completed Scheduled system maintenance between 3:00am-11:00am (MST). Intermittent disruptions in access to CM/ECF expected. February 2, 2019 Completed Scheduled system maintenance between 8:00am-9:00am (MST). Intermittent disruptions in access to CM/ECF expected. January 19, 2019 Completed Scheduled system maintenance between 7:00am-3:00pm (MST). Intermittent disruptions in access to CM/ECF expected. December 15, 2018 Completed Scheduled system maintenance between 3:00am-11:00am (MST). Intermittent disruptions in access to CM/ECF expected. November 27, 2018 Completed Scheduled system maintenance between 7:00am-7:30am (MST). Intermittent disruptions in access to CM/ECF expected. October 27, 2018 Completed ECF-Live upgrade to CM/ECF version 5.2.2. October 20, 2018 Completed Scheduled system maintenance between 2:00am-10:00am (MST). Intermittent disruptions in access to CM/ECF expected. September 22, 2018 Completed Scheduled system maintenance between 2:00am-10:00am (MST). Intermittent disruptions in access to CM/ECF expected. September 4, 2018 Completed ECF-Test upgrade to CM/ECF version 5.2.2. July 21, 2018 Completed Scheduled system maintenance between 5:00am-9:00am (MST). Intermittent disruptions in access to CM/ECF expected. June 8, 2018 Completed Scheduled system maintenance between 6:00am-7:00am (MST). Intermittent disruptions in access to CM/ECF expected. June 6, 2018 Cancelled Scheduled system maintenance between 6:00am-7:00am (MST). Intermittent disruptions in access to CM/ECF expected. May 22, 2018 Completed Scheduled system maintenance between 9:00am-10:00am (MST). Intermittent disruptions in access to CM/ECF-Train expected. May 22, 2018 Completed Scheduled system maintenance between 9:00am-10:00am (MST). Intermittent disruptions in access to CM/ECF-Test expected. April 4, 2018 Completed ECF-Train upgrade to CM/ECF version 5.2.2. January 20, 2018 Completed Scheduled system maintenance between 3:00am-11:00am (MST). Intermittent disruptions in access to CM/ECF expected.

If you have CM/ECF procedural questions, please call (602) 682-4900.

Contact the MIS Department at (602) 682-4100 regarding any computer related questions.

See original here:

U.S. Bankruptcy Court, District of Arizona

1. Northern Iowa specialty soybean dealer files for bankruptcy  Nebraska Examiner
2. Global Processing, Inc. files for bankruptcy in Iowa  Successful Farming
3. Kanawha based organic soybean business files for bankruptcy  Radio Iowa
4. Non-GMO Soybean Company Global Processing Lost Grain Licenses in Iowa, Nebraska  DTN The Progressive Farmer
5. View Full Coverage on Google News

Original post:

Northern Iowa specialty soybean dealer files for bankruptcy - Nebraska Examiner

Creditors claim former owners of St. Croixs oil refinery are dodging asbestos-related lawsuits by filing bankruptcy. (PHOTO: Environmental Protection Agency)

A Texas judge said hed rule on bankruptcy protection for a Hess subsidiary in early November, potentially opening the door to former employees in the U.S. Virgin Islands seeking damages for asbestos exposure.

Judge Marvin Isgur, of the Southern District of Texas bankruptcy court, said at Mondays hearing hed take final filings from HONX, a Hess subsidiary, and a group of its creditors.

The creditors have asked the court to either void Chapter 11 bankruptcy for HONX or convert it to Chapter 7. Either way, the former owners of St. Croixslong-troubled oil refinerywould have to answer hundreds of lawsuits from Virgin Islanders allegedly hurt by the gas plants toxins, according tothe court records.

The HONX bankruptcy, the creditors wrote, is protecting $37 billion from potential exposure to the asbestos suits. The filing claimed Hess settled out of court approximately 1,100 asbestos suits over the last 23 years.

Hess is especially scared of the suit going to trial in the USVI because of a 2021 change in laws, allowing older or sick people to have their cases expedited, the creditors claimed.

Legal filings in the case alleges nearly 60 years ofenvironmental and social illscaused by the refinery, claiming while the oil plant owners manipulated local workers and government officials, they also poisoned St. Croix.

Hess ran the refinery on St. Croixs south shore from 1965 to 1998, allegedly exposing a generation of Crucians to unchecked toxins in their workplace. Hess sold the refinery to Hovensa, which inturn sold it to Limetree Bay. Who exactlyowns the massive refinerynow has been a matter of debate since it was sold at bankruptcy auction early this year but Hamilton Refining and Transportation claims to be the sole owner.

Residents and would-be developers have called for the refinery to be permanently closed and dismantled. Some claim to have been sickened by fumes from the plant. Others have asked the Environmental Protection Agency todeclare the sight hazardousand designated asuperfund area. The EPA, however, has been hampered in its monitoring of such matters by recentU.S. Supreme Court rulings. In May, 2021,oil spray from the plantcoated homes downwind.

The recent court filing dug into the history of oil refining in St. Croix, painting a picture of oil barrens taking advantage of USVI tax breaks and plowing over zoning regulations. Refinery owners were able to sidestep $6.2 billion in expenses by 1992, the filing alleges. USVI leaders demanded Hess hire 75 percent locally, making the refinery an essential part of the territorial economy. But refinery owners leveraged this influence employing roughly 15 percent of the local workforce to extract even more favorable tax breaks, the court filing claimed.

Excerpt from:

Hess Bankruptcy Ruling Expected in November - St, Thomas Source

Via AG Metal Miner

Is it all doom and gloom for Chinese steel manufacturing? Its hard to tell at the moment. Indeed, China finds itself in a precarious place financially. Whats more, a sizable section of global financial and stock analysts have predicted the crises will only get worse as the country prepares to face its toughest winter yet.

But that is only half the story. A financial downward spiral hit the Chinese economy hard. Among the most widely hit industries are its steel and iron ore sectors. The present crisis started about a year ago. Thats when a leading Chinese property developer, Evergrande, announced that it could no longer support some $300 billion in liabilities.

While that alone was enough to set off a panic, the Chinese authorities reaction time only worsened the situation. A few months ago, the Chinese government announced a fresh fiscal stimulus. However, many experts say it was too little too late. The countrys industries were already reeling from a fresh COVID-19 outbreak, frequent power cuts, and the Ukraine invasion.

What cant be argued is that China no longer appears like the global powerhouse it was just a year ago. Now global media, like this article in Forbes, say that what China is experiencing is a textbook illustration of how a financial crisis unfolds.

With every passing day, the Chinese economy gets weaker. And despite last-minute infrastructure spending by the government, they may not achieve their real economic growth rate goal of 5.5%.

The Chinese steel industry and those companies supplying it with raw materials like iron ore now face a bleak future. As they head into the second half of the year, the steel manufacturing industrys profitability has already dropped massively. In fact, less than 20% of companies announced a profit in July. When compared with the 80% who enjoyed profitability before March, its easy to see the grim outlook. In recently released forecasts, only about five of the 25 domestically listed steel companies estimated a rise in their profits for the first half of the year.

China is not only one of the worlds biggest steel manufacturers but also its biggest steel consumer. It took the mantle of the largest steel producer back in 1996, but production reached a record 1.07 billion tons as recently as 2020. Despite these impressive numbers, domestic companies account for around 95% of Chinese steel consumption. Without them, the steel simply has nowhere to go.

At present, Chinas steel production capacity is 1.2 billion tons a year, with annual consumption hovering around 1 billion tons. However, a lack of interest from real estate developers after the real estate crisis has caused many projects to shut down, reducing steel uptake. After all, real estate and auto manufacturing are some of the biggest steel consumers in the country. Meanwhile, around 29% of Chinese real estate companies claim to be nearing bankruptcy.

When the worlds biggest staple in steel manufacturing, China Baowu Steel Group, issued a warning at an internal meeting over the great challenges presented by tumbling sales, falling prices, and declining profitability, it raised a lot of red flags. In response, Chinese officials continue to try solution after solution.

Along with the fiscal stimulus, the government also set up a US $3 billion (20 billion yuan) state-owned China Mineral Resources Group. The aim was to jockey itself into a bargaining position in the world steel manufacturing market. This market remains dominated by four mining giants: Rio Tinto Group, BHP Group, Fortescue Metals Group, and Vale.

So, is 2022 the end of Chinese steel? According to a major section of analysts, the answer is yes. These men and women feel that Chinas demand for steel has peaked, and all that remains is a slow downward spiral.

But with Chinas financial crisis, the Politburo, Chinas chief policy-making body, is still fumbling over various counter-measures to their steel manufacturing woes For example, it recently said that local and provincial governments should take the lead in dealing with financial strains, which many see as just another example of passing the buck.

By Sohrab Darabshaw

More Top Reads From Oilprice.com:

Go here to see the original:

Chinese Steel Manufacturers On The Brink Of Bankruptcy - OilPrice.com

ARLINGTON, Va., Oct. 17, 2022 /PRNewswire/ -- Bloomberg Tax & Accounting today announced the release of a new Tax Management Portfolio, Employee Benefits in Bankruptcy. Authored by James D. Newell, William H. Schorling, and Mark Pfeiffer of Buchanan Ingersoll & Rooney PC, and Matthew D. Clyde of Cozen O'Connor, P.C., the Portfolio addresses the interplay of benefits and bankruptcy law.

The Portfolio offers guidance for the frequent instances in which the goals of the Employee Retirement Income Security Act of 1974 (ERISA) are in conflict with the goals of the United States Bankruptcy Code (the Bankruptcy Code). While ERISA is designed to encourage the continuation and maintenance of voluntary private pension plans for the benefit of their participants and to provide for the timely and uninterrupted payment of pension benefits, the Bankruptcy Code is designed to provide a fresh start to honest but unfortunate debtors unable to pay their obligations.

This Portfolio addresses the impact of insolvency and bankruptcy on the termination of pension and welfare benefit plans and the treatment of pension and welfare benefit plans and claims in bankruptcy. The interplay of benefits law and bankruptcy has resulted in significant litigation. The Portfolio addresses the court decisions, especially when the courts have disagreed.

"We are proud to develop one of the industry's most comprehensive and up-to-date portfolios to provide direction regarding the intersection of bankruptcy and pension law," said author James Newell. "While the two areas are often in conflict, the new portfolio delivers practitioners of the legal and tax industries with the timely information needed to make informed decisions that maximize the returns to their clients."

"When the economy falters, more employers may choose or be forced into bankruptcy," said Heather Rothman, vice president of analysis & content, Bloomberg Tax & Accounting. "The expert guidance provided by the authors of this Portfolio gives tax practitioners the information they need to understand obligations and options related to ERISA plan benefits and plan termination in and outside of the bankruptcy arena."

To schedule a Bloomberg Tax product demonstration, visit http://onb-tax.com/TENl50LbPsl.

About Bloomberg Tax & Accounting Bloomberg Tax & Accounting provides practitioner-driven research and technology solutions that deliver timely, strategic insights to enable smarter decisions. From our unparalleled Tax Management Portfolios to technology designed to streamline the most complex planning and compliance scenarios, we deliver essential news and analysis, practical perspectives, and software that help tax and accounting professionals around the globe mitigate risk and maximize business results. For more information, visitBloomberg Tax.

SOURCE Bloomberg Tax & Accounting

Original post:

Bloomberg Tax Introduces New Portfolio Addressing Employee Benefits and Bankruptcy - PR Newswire

As a jury in Connecticut Wednesday announced damages totaling nearly $1 billion against conspiracy theory-spreader Alex Jones, the far-right personality proclaimed his poverty.

Aint going to be happening, aint no money, Jones asserted on his livestream.

Few believe that, of course. One expert testified in an earlier trial that Jones and his companies were worth between $130 million and $270 million. Still, Jones and his lawyers have taken extraordinary steps in an apparent effort to obfuscate the amount and location of his wealth, leading many to wonder if the plaintiffs in the Sandy Hook defamation cases will ever see even a fraction of the judgment they fought for years to win in court, assuming it holds after post-trial motions and appeals.

The families could collect Jones current assets and future earnings, as long as theyre willing to pay attorneys to chase down and untangle his financial dealings, financial dispute experts told Grid.

It becomes a cat-and-mouse exercise, said James E. Berger, a partner at DLA Piper and an expert in judgment enforcement and asset recovery. The legal tools available to plaintiffs can sometimes be plodding and slow, but the statutory tools are in place to ensure that a judgment creditor can find whats out there.

The familys attorneys seem plenty willing to try.

We are going to chase Alex Jones to the ends of the earth, Joshua Koskoff, an attorney representing the Sandy Hook families, told MSNBC.

Some assets would seem easy to spot. For instance, Jones owns five houses in the Austin, Texas, area worth a combined $7.5 million, Forbes reported. Early this year, as the defamation trials neared, Jones transferred one of these homes, with an estimated worth of over $3.5 million, to his wife, Erika Wulff Jones, according to reporting by the New York Post.

But Jones has tied up much of his wealth in a complex knot of entities, financial transactions and bankruptcy proceedings. Jones primary corporate entity, Free Speech Systems, declared bankruptcy in July, a move widely interpreted as an effort to frustrate efforts to collect legal judgments against him. Also, Jones and his relatives have set up an alphabet soup of holding companies, some of which appear to exist only on paper, with opaque purposes. The families claim Jones has used the entities to shuffle money around and mask his true wealth.

A map of companies connected to Alex Jones, their owners, and select financial transactions. Sources: Court filings; OpenCorporates. (Grid; Saul Loeb/ Getty)

As well, Jones has reportedly moved millions into a family trust and repeatedly refused to comply with court-ordered discovery about the transactions, further complicating efforts to understand his financial status.

Until bankruptcy proceedings for Free Speech Systems are sorted out, assets connected to Jones or his companies will be virtually untouchable by the families. But those companies and their financial activities will come under increased scrutiny by the families attorneys and investigators.

Hes going to have to maintain his lifestyle, and in order to do that, you have to have access to money, said Christopher Weil, managing partner at Mintz Group, an investigative firm that specializes in global asset tracking. Thats the interesting piece here paying attention to what he does and what kinds of fingerprints he leaves.

Youll find the assets, even if its a painstaking process, said Berger. Whenever you have a high-profile judgment debtor who is very well known, there are likely to be both public sources of information and people who may be willing to talk, all of which can be very helpful to investigators.

Weil concurred. A lot of people will probably be willing to speak, its just about finding them.

The historic judgment against Jones is the result of Jones years of claims that the shooting was a false flag. Regardless of the amounts Jones ultimately pays out, experts agreed the judgment will likely follow Jones and his businesses for the rest of his life.

Bankruptcy Judge Christopher M. Lopez has authorized increased scrutiny of Jones companies due to their lack of candor during the bankruptcy proceedings.

In a subpoena filed the same day as the Connecticut verdict, the trustee overseeing the Free Speech Systems bankruptcy demanded information from several of the companies controlled by Jones and his family members; from Jones father, David Jones; from a company controlled by his sister, Marleigh Jones Rivera; and from Jones personal trainer and associate Patrick Riley.

Riley has come under recent scrutiny in the case because of a $400,000 payment and transfer of warehouse operations to his company, Blue Asension [sic] Logistics. The trustees subpoena came in response to the court directing them to investigate Free Speech Systems books.

Jones and his attorney, Norman Pattis, did not respond to a request for comment, but Jones has denied the fraud allegations to other publications. Jones and his attorneys have claimed there is nothing unusual about the companies he has set up and that any recent transfers of money were for Jones estate planning.

Sensing opportunity, Jones used the verdict as an opportunity to shake his proverbial tin cup at his online followers, promising them their donations were shielded from paying out his awards.

The money you donate does not go to these people, it goes to fight this fraud, and it goes to stabilize the company, Jones said on his show Wednesday as the judgments against him were read aloud. As of Monday, Jones donation page had over $230,000 donations, with more flowing every couple of minutes.

Not so fast, said lawyers with whom Grid spoke.

The Sandy Hook families may be entitled to future earnings of Free Speech Systems. Theres a catch: Pursuing future earnings could tie the size of their payouts to the success of the InfoWars empire. The families may not find that tolerable.

The bankruptcy court could also order the company to liquidate its assets, which would then go to the families and any other creditors, according to Avi Moshenberg, an attorney representing the families in the bankruptcy case in Texas.

Jones is transparent about his strategy to counter the families collection efforts: delay, appeal, frustrate.

For hundreds of thousands of dollars, I can keep them in court for years, I can appeal this stuff, we can stand up against this travesty, against the billions of dollars they want. Its a joke, Jones told his audience last Wednesday.

Perhaps, say experts. But keeping that strategy going can be harder than it sounds.

Its very easy to build complex structures. Its very hard to maintain them, explained Weil of the Mintz Group. What we find is that the people who have helped maintain these things have to be paid. They have to be induced to continue to operate the [businesses]. If money is drying up, if theres a big award out there, that will cause problems, Weil said. Peoples professional and personal interests wont align anymore.

Thanks to Lillian Barkley for copy editing this article.

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Alex Jones claims bankruptcy: How will Sandy Hook families get paid? - Grid

On September 19, 2022, the U.S. Bankruptcy Court for the Western District of Pennsylvania found that secured lenders could not hide behind a consent and a release to avoid the review of the commercial reasonableness of a pre-bankruptcy foreclosure sale. Prepetition, the debtor was a manufacturer of nutrition bars, protein bars and other baked good for various brands. KIND Operations was one of the debtors major customers. While the debtor, at various times, had substantial operations, at the time of its bankruptcy filing it was a non-operating shell company with no employees or assets. It did however have almost $30 million in debt.

Within a year prior to the bankruptcy filing, the debtors prepetition secured lenders, Cadence Bank, N.A. and Bank Hapoalim B.M., and others allegedly manufactured a private foreclosure sale of substantially all of the debtors assets at a below market price. After the chapter 11 case was converted to chapter 7 and the trustee assigned various claims to KIND, KIND commenced various adversary proceedings against the secured lenders, asserting claims for civil conspiracy, aiding and abetting breach of fiduciary duty, violation of Article 9 of the UCC because the foreclosure sale was not commercially reasonable, and avoidance of the pre-petition foreclosure sale as a fraudulent transfer. The lenders moved to dismiss on the ground that a consent and a release executed by the debtor in connection with the prepetition foreclosure sale barred the claims.

The bankruptcy court, finding that KIND stood in the shoes of the prepetition debtor and had no greater rights than the debtor, stated that a majority of the claims could potentially be dismissed. While there remained an issue as to whether the consent and the release could be avoided, and while the court believed that claims sounding in civil conspiracy and aiding and abetting a breach of fiduciary could be barred by the general releases (if not avoided), the court found that the advance blanket waivers and releases were unenforceable as to the Article 9 sale because a banks duty to conduct a commercially reasonable sale is not waivable by [certain] contract terms and that an agreement provision attempting to expunge a commercial reasonableness requirement is per se manifestly unreasonable. While the lenders argued there was no advance waiver in this case, the court disagreed because the consent and the release were drafted and executed before the foreclosure sale. Thus, the court concluded that the lenders could not hide behind the consent and the release to avoid a review of the commercial reasonableness of the pre-bankruptcy foreclosure sale.

With respect to the other state law claims (civil conspiracy and aiding and abetting a breach of fiduciary duty), the court declined to dismiss them, finding they could be avoided as fraudulent transfers. While KIND did not specifically seek to avoid the consent and release in its pleadings, the court found that KIND did seek to avoid the pre-petition foreclosure sale, and the consent and release were integral to that transaction. The court found, if appropriate, it could collapse multiple transactions into one integrated transaction. If the prepetition foreclosure sale was ultimately avoided, the consent and release would also be avoided. Accordingly, the court denied the lenders motion to dismiss as it related to the Article 9 violation claim, and deferred ruling on the appropriateness of dismissing the other state law claims. The court did state that, if the lenders ultimately prevailed in their defense to the fraudulent transfer claim, the civil conspiracy and aiding and abetting a breach of fiduciary duty claim would be dismissed.

The case is KIND Operations, Inc. v. Cadence Bank, N.A. (In re PA Co-Man, Inc.), No. 21-ap-2061 (Bankr. W.D. Pa. Sept. 19, 2022). KIND is represented by Bernstein-Burkley, P.C. Cadence Bank, N.A. is represented by Riemer & Braunstein LLP and Buchanan Ingersoll & Rooney PC. Bank Hapoalim B.M. is represented by Herrick Feinstein LLP and Dentons Cohen & Grigsby, P.C. The order is available here.

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Pennsylvania Bankruptcy Court Finds That Consent and Release Do Not Protect Against Wrongful Foreclosure Claim - JD Supra

The financial crisis gripping English rugby deepened Wednesday when Wasps, one of the nations most storied clubs, said it was likely to enter into administration because of its debts.

This comes a week after another top-flight club, Worcester Warriors, was placed in compulsory liquidation as it is pursued for unpaid tax.

Both teams would be automatically relegated to the second-tier Championship for going into administration a form of bankruptcy protection, according to Rugby Football Union regulations.

Wasps, a two-time European champion and six-time English champion, has been an ever-present in the Premiership since the competition began 25 years ago and had some of Englands top players like Lawrence Dallaglio and Simon Shaw. Its current squad contains a number of England internationals, including Jack Willis, Joe Launchbury and Jacob Umaga.

Wasps has pulled out of its Premiership match against Exeter that was scheduled for Saturday.

The club said it has insufficient cash at this time to continue to fund operations until a solution can be found to secure its long-term financial future.

Wasps has a debt of 35 million pounds ($38.65 million) stemming from its relocation to Coventry in central England from London in 2014. That debt needs repaying or refinancing and the club has been looking to get in insolvency experts in to help with their financial issues.

However, said a statement from Wasps Holdings Limited, it has become clear that there is likely to be insufficient time to find a solvent solution for the companies within the group, and it is therefore likely that they will enter into administration in the coming days with a view to concluding deals shortly thereafter.

Wasps said it will continue to look for new investment until the very last opportunity.

While these are challenging times, the club said, we remain confident that new owners will be found that will allow the clubs and businesses within the group to move forward.

Wasps also has a womens rugby team and a netball team that will be affected by the financial problems, which were exacerbated by rugbys shutdown during the pandemic that hit all clubs in the pocket and required the British government to intervene with a rescue package.

Players and staff at Worcester have had their contracts terminated amid its financial problems, with the club owing Britains tax authority about 6 million pounds ($6.8 million).

Owners Colin Goldring and Jason Whittingham have been accused of asset-stripping the Warriors, whose mens team has been in the Premiership since 2015.

___

More AP rugby: https://apnews.com/hub/rugby and https://twitter.com/AP_Sports

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English rugby in turmoil with Wasps close to bankruptcy - The Associated Press - en Espaol

The University of Maryland

The Washington Post | The Washington Post | Getty Images

Across the country, colleges are in crisis.

Fewer students went back to school again this year, dragging undergraduate enrollment down another 3.5% from last year, according to a reportfrom the National Student Clearinghouse Research Center.

Combined with last autumn's declines, the number of undergraduate students in college is now down 7.8% compared to two years ago the largest two-year enrollment drop in the last 50 years, the report found.

There is, however, a wide disparity among schools, with less selective institutions and those serving low- and middle-income students seeing the biggest drop in enrollments.

Community college enrollment experienced the steepest declines, now down 15% since 2019, while highly selective colleges notched enrollment gains up 3.1% to return to pre-pandemic levels.

The consequences of fewer students and less tuition revenue could be severe, according to Sam Pollack, a partner and senior member of NEPC's Endowments and Foundations practice.

In fact, 62% of higher education leaders said that is the biggest challenge they now face, according to a recent NEPC survey.

More from Personal Finance:Less than half of high schoolers want to go to a four-year collegeHere are the colleges with the best return on investmentHow to maximize your college financial aid

Already, a number of small schools have had to shut down entirely.

Recently, Bloomfield College in New Jersey, which was founded in 1868,said it may be forced to close after the current academic year.

"Bloomfield College has been struggling with a decade-long decline in enrollment," Bloomfield's President Marcheta Evans said in a letter to the community. "The resulting financial challenges have only been exacerbated by the pandemic.

"And, Bloomfield is not alone," she added. Judson College in Alabama,Becker Collegein Massachusetts andConcordia College New Yorkalso plan to close, among others.

Meanwhile, the country's most elite institutions are faring better than ever and have the financial cushion to prove it.

This year, a small group of universities, including many in the Ivy League, experienced a record-breaking increase in applications and net revenue gains.

These schools also reported record-breaking gains for their endowments largely due to investments in private equity or venture capital, according to Pollack. Some endowments grew more than 50%.

As a result, universities such as Harvard, Yale, Stanford and Princeton are able to expand their financial aid offerings, lowering the cost and increasing the appeal to even more students nationwide.

"They are often made to be the villains, but the vast majority of these institutions are working very hard to deploy those funds to the benefit of students," Pollack said.

In fact, the top schools for financial aidare all private and their very generous aid packages can make them surprisingly affordable, despite the eye-popping sticker prices.

"If the highly selective schools are able to subsidize that cost, it makes it even more compelling and that has broad implications for the higher education landscape," Pollack said.

At Yale, for example, tuition and fees plus books, room and board averaged$77,750 this year, according to data from The Princeton Review, but the average need-based scholarship award or free money was just over $59,000 bringing the total out-of-pocket cost down to roughly $22,000.

"That hefty sticker cost might be intimidating, but find out the average cost that students and parents are actually paying," said Robert Franek, The Princeton Review's editor-in-chief.

"It could end up being less expensive than your local public college."

But without the same resources, less competitive schools are in danger of losing even more students, widening the divide, Pollack said.

Like what is happening to the nation as a whole, "there is increasing bifurcation between the haves and have nots and that appears to be true in higher education."

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More colleges face bankruptcy even as top schools experience record wealth - CNBC

KATIE Price has swerved her final bankruptcy hearing AGAIN as the court date has been pushed back to February 2022, The Sun can reveal.

The 43-year-old star was due to return to court before the end of the year to update trustees on paying back her debts - but the hearing has now been rescheduled.

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A source told us: "Katie was due in court next month but now the court date has been moved to Feb 2022 - which is disappointing for a lot of creditors."

The former glamour model was declared bankrupt in November 2019, and in August we revealed that she faces prison if she misses her next hearing.

After the 2019 ruling, Katie was supposed to pay off 12,000 a month to her creditors after taking out an individual voluntary arrangement (IVA) - but failed to do so.

The next hearing is to review her attempts to pay back her hefty debts to creditors two years after going bust.

Katie owes a staggering 3.2 million to her creditors, but is unlikely to pay it all back.

The mother-of-five saw her once lucrative 45million media empire fall apart after the downfall of her third marriage to Kieran Hayler and the collapse of her businesses.

Exclusive

And earlier this year, Katie was hit with a repossession order for her 1.35million home after she failed to repay a debt of more than 500,000 on the property dubbed the Mucky Mansion.

She faces losing the house if she cannot stump up the cash to pay off her debtors before a repossession hearing.

A Land Registry search for the property reveals owner Katie owes money to both Kensington Mortgage Company and solicitor Archerfield Partners LLP.

It has been a difficult few months for Katie, who was admitted to rehab in September after pleading guilty to drink-driving while disqualified.

She was spared an immediate jail term despite flipping her BMW after a booze and drugs bender.

But she could still face jail when sentenced on December 15.

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Katie Price swerves final bankruptcy hearing AGAIN as court date is pushed back to February 2022... - The Sun

With Daniel Lippman

PROGRAMMING NOTE: Well be off for Thanksgiving this Thursday and Friday but back to our normal schedule on Monday, Nov. 29.

BOY SCOUTS WILL LOBBY ON BANKRUPTCY BILL: The Boy Scouts of America has hired former Alabama Democratic Rep. Bud Cramer and Jefferies Murray of 535 Group to lobby on bankruptcy reform legislation aimed at curtailing a settlement practice that would release troop sponsors, including tens of thousands of churches and civic groups; local councils; and the national Boy Scouts organization from liability for sexual abuse claims lodged against the organization.

The House Judiciary Committee approved the Nondebtor Release Prohibition Act this month. The bill targets what Democrats describe as a loophole in bankruptcy code that helped the Sackler family, the people and institutions that enabled Larry Nassar, and others like them escape accountability for wrongdoing through bankruptcy proceedings.

The bill would restrict the use of third-party, or nondebtor, releases in bankruptcy proceedings, unless express consent is given by the creditors. The practice, which has split federal courts, shields affiliates, officers or other stakeholders who may be accused of wrongdoing but who have not filed for bankruptcy protections themselves in exchange for settlement payments and, in the Boy Scouts case, signing over some insurance rights. The tactic has been used in the bankruptcy settlements of several high profile cases in recent years, including those of opioid maker Purdue Pharma, USA Gymnastics and church dioceses.

The bill would also place restrictions on bankruptcy courts ability to pause lawsuits against third parties while a repayment plan is negotiated, and allow courts to dismiss Chapter 11 bankruptcy reorganization cases if a debtor was formed during a divisional merger that took place in the last decade. Critics of the bill, which was approved on party lines, argue the legislation could disrupt bankruptcy proceedings in favor of lengthy litigation that may result in less of a recovery or no resolution at all, while empowering small numbers of holdout creditors.

The Boy Scouts of America (BSA) engaged 535 Group to help explain our proposed Plan of Reorganization to lawmakers and demonstrate how the current structure is the best path forward for Scouting and for survivors, with this Plan poised to establish the largest sexual abuse compensation fund in the history of the United States, a spokesperson told PI, adding that the organization has spent nearly two years working through a financial restructuring to come to a resolution that will equitably compensate survivors of past abuse and ensure that Scoutings mission continues. The Associated Press reported this fall that ballots to approve the Boy Scouts reorganization plan and proposed $1.6 billion trust fund are being sent to the more than 82,000 men who say they were molested as scouts.

Good afternoon and welcome to PI. Ill be off for Thanksgiving tomorrow and Friday, but PI will be back in your inboxes on Monday. Until then keep sending those tips, and I hope you have a restful holiday: [emailprotected]. And be sure to follow me on Twitter: @caitlinoprysko.

PANDEMIC PREPAREDNESS GROUP LOBBIES UP: Guarding Against Pandemics, an advocacy group pushing for more investment in preparing for the next pandemic, is ramping up its lobbying operation as it pushes to hike the amount of funding included in Democrats reconciliation bill or through other avenues.

According to disclosures filed this week, Varun Krovi, a former House Democratic aide and former lobbyist at Invariant, registered as an in-house lobbyist for the group in September. The group hired a team of more than a dozen lobbyists at Ogilvy Government Relations a month later, according to another disclosure filing. The group, which is funded in-part by crypto billionaire and Biden donor Sam Bankman-Fried, previously hired Van Scoyoc Associates in August.

Guarding Against Pandemics has fought for Democrats to provide $30 billion for pandemic preparedness in their reconciliation bill, a number initially sought by President Joe Biden this spring. He later decreased that figure to $15 billion, and the sum included in the version passed by the House last week was slashed even further, to $3 billion, according to figures from the Kaiser Family Foundation. Another $16.2 billion would go toward building out public health infrastructure.

In response to earlier reports that pandemic preparedness funding might be gutted as Democrats sought to reduce the price tag of the bill, Guarding Against Pandemics called the suggestion unthinkable. The group has also applauded pandemic preparedness provisions in legislation introduced by Reps. Diana DeGette (D-Colo.) and Fred Upton (R-Mich.) last week, though that bill faces steep odds in a narrowly divided Congress.

DOING IT FOR THE GRAM: Adam Mosseri, the head of Instagram, has agreed for the first time to testify before Congress, as bipartisan anger mounts over harms to young people from the app, The New York Times Ryan Mac and Cecilia Kang report. Mosseri is expected to appear before a Senate panel during the week of Dec. 6 as part of a series of hearings on protecting children online, said Senator Richard Blumenthal, who will lead the hearing.

Mr. Mosseris appearance follows hearings this year with Antigone Davis, the global head of safety for Meta, the parent company of Instagram and Facebook, and with Frances Haugen, a former employee turned whistle-blower. Ms. Haugens revelations about the social networking company, particularly those about Facebook and Instagrams research into its effects on some teenagers and young girls, have spurred criticism, inquiries from politicians and investigations from regulators.

Blumenthal said he would question Mr. Mosseri about how Instagrams algorithms can send children into dangerous rabbit holes and would seek a commitment from Mr. Mosseri to make Instagrams ranking and recommendation decisions transparent to the public and to experts who can study how the app amplifies harmful content.

ANOTHER SETBACK FOR ISRAELI SPYWARE FIRM: Apple sued the NSO Group, the Israeli surveillance company, in federal court on Tuesday, another setback for the beleaguered firm and the unregulated spyware industry, The New York Times Nicole Perlroth reports. The lawsuit is the second of its kind Facebook sued NSO in 2019 for targeting its WhatsApp users and another consequential move by a private company to curb invasive spyware by governments and the companies that provide their spy tools.

Apple, for the first time, seeks to hold NSO accountable for what it says was the surveillance and targeting of Apple users. Apple also wants to permanently prevent NSO from using any Apple software, services or devices, a move that could render the companys Pegasus spyware product worthless, given that its core business is to give government clients full access to a targets iPhone or Android smartphone.

Apple is also asking for unspecified damages for the time and cost to deal with what the company argues is NSOs abuse of its products. Apple said it would donate the proceeds from those damages to organizations that exposed spyware.

Jenelle Krishnamoorthy has been promoted to be vice president for global public policy and international affairs at Merck. She most recently was the company's associate vice president for global policy for communications and population health.

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535 Group, LLC: Boy Scouts Of AmericaBallard Spahr LLP: Grail, LLCCdb Projx LLC: Clemson UniversityCornerstone Government Affairs, Inc.: The Pew Charitable TrustsGuarding Against Pandemics, Inc.: Guarding Against Pandemics, Inc.Washington & Madison, LLC: American Hellenic Institute

Big Fire Law & Policy Group, LLP: Ndn CollectiveFirst Strategic: Sda Inc.Maryland & District Of Columbia Credit Union Association: Maryland & District Of Columbia Credit Union Association

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Boy Scouts will lobby on bill to curb tactics used in bankruptcy proceedings - Politico

The High Court has extended a businessmans bankruptcy to last a total of 13 years after finding he had endeavoured to conceal his interest in a 5.5 million Dalkey property.

Godfrey Lalor, who once owned a property on Sorrento Road, Dalkey, Co Dublin, was adjudicated bankrupt in June 2016. A year later the official assignee to the bankrupts property filed a motion seeking to extend the bankruptcy on grounds of non-cooperation and failure to disclose assets.

In a recent judgement, Mr Justice Richard Humphreys extended Mr Lalors bankruptcy to June 2029. The normal term of bankruptcy is for one year, but this can be extended in cases of non-cooperation or non-disclosure of assets, he noted.

Mr Justice Humphreys said he believes to be justified the official assignees characterisation of Mr Lalors approach to the situation as catch me if you can. The judge also endorsed as correct, the official assignees assertion that it is essential for the integrity of the bankruptcy process that a bankrupts obligation to cooperate fully and disclose everything in relation to assets is strictly enforced.

The judge noted that Mr Lalor had sought to conceal his interest in the Monte Rosa property on Sorrento Road to prevent it being realised for the benefit of his creditors. Further, some of the evidence given by Mr Lalor under cross-examination was misleading, while he also had failed to co-operate with the courts previous July 2021 conclusion, Mr Justice Humphreys said.

The judge also found that Mr Lalors assertions of lack of control over relevant corporate assets and accounts were lacking in credibility in all of the circumstances.

Mr Justice Humphreys said that near total non-cooperation would presumably warrant a near maximum bankruptcy period, and these circumstances come into the top bracket of the full 15-year period. However, the judge said he had regard to any limited elements of information arguably supplied by Mr Lalor, as well as any arguably relevant circumstances, in setting the term at 13 years. Mr Justice Humphreys was finalising a 2019 decision made by Ms Justice Teresa Pilkington to extend in principle the bankruptcy term.

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Man who sought to conceal interest in 5m Dalkey property has bankruptcy extended - The Irish Times

WITH a love triangle, an affair and doomed romances - who could have predicted Love Actually would become such an iconic Christmas film?

But the festive flick unites Brits around the country and millions of us gather around our TV screens to watch it every year.

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It's been 18 years since Love Actually was released and many have eagerly followed the careers of the actors who starred in it.

They include Thomas Brodie-Sangster - the child star who at 13 years old played lovestruck drummer boy Sam.

Fans were shocked when it was revealed that he's now 31 and reportedly dating Elon Musk's ex-wife, whom he divorced twice, Talulah Riley.

The pair co-star in Danny Boyle's upcoming Sex Pistols drama Pistol, where he plays popstar Malcolm McLaren and she takes on Vivienne Westwood.

Since Love Actually came out in 2003, Thomas has starred in everything from the Maze Runner series to Game Of Thrones and The Queen's Gambit - but what happened to his co-stars?

Here, we look at the fates of those behind one of Britain's all-time favourite Christmas flicks.

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Olivia stole the show when she sang Mariah Carey's All I Want for Christmas is You at just 11 years old.

Now the American actress is 29, living in LA, and you may have followed her on The X Factor: Celebrity, where she ended up coming 12th in 2019.

Olivia has also been part of the cast behind the animated series Adventure Time on Cartoon network, where she voices Marceline the Vampire Queen.

She has also worked on Disney's Phineas and Ferb, where she voices Vanessa Doofenshmirtz.

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German actress Heike Makatsch became one of the biggest villains of Christmas when her character Mia flirted with her married boss, Harry, played by the late Alan Rickman, in the movie.

One of the most emotional scenes saw Harry buy Mia a gold necklace, which his wife, Karen, played by Emma Thompson, thought was for her.

After flirty Mia, Heike played Leisel's mother in the movie version of The Book Thief in 2013.

Heike, 50, has had a string of high-profile romances. She previously dated James Bond star Daniel Craig and was married to actor Max Martin Schrder for 10 years.

She's in a relationship with actor Trystan Ptter and lives in Berlin.

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Lulu played Emma Thompson's daughter in Love Actually and famously dressed up as a lobster for her school nativity.

She was 12 years old when she appeared in the beloved Christmas flick but in recent years branded it "cheesy and sexist".

Speaking on the Almost Famous podcast,Lulu said: "I think it's a s**t film. I think it's aged badly. All the women in it are sort of passive objects."

The 30-year-old, who's now a comedian, was described as unrecognisable by fans of the 2003 film.

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In Love Actually, he was Kiera Knightley's doting husband Peter and was unknowingly caught in the middle of a love triangle.

While their marriage stayed intact, his best friend Mark, played by Andrew Lincoln, made a questionable attempt to seduce Kiera's character.

Since the 2010 film, Chiwetel took a role in Doctor Strange, starred as Scar in The Lion King remake and was the lead role of Solomon Northup in 12 Years A Slave.

The latter landed him Best Actor nominations at the Golden Globes, The Oscars and a winning nomination at the BAFTAS.

One of the most memorable scenes from the film sees Andrew's character Mark express his love to Juliet via some cardboard signs outside her house.

Whilst she ran out and kissed him, the pair don't get together and Juliet stays married to his best friend.

Since his tragic storyline in Love Actually, Andrew's career has boomed, starring in AMC series The Walking Dead as sheriff deputy Rick Grimes.

While he didnt get his fairytale ending in Love Actually, he did in real life.

In June 2006, three years after the heartwarming film was released, he married Gael Anderson. They have two children, Matilda, 14, and Arthur, 11.

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Joanna, who played the character 'Just Judy', was one half of the loveably awkward duo that stood in for sex scenes in a porn film, alongside Martin Freeman.

After Love Actually, she went on to appear in everything from Midsomer Murders to Nativity 2: Danger In The Manger and Doctor Who.

But she's best-known for starring as Stacey Shipman in the hit BBC sitcom Gavin & Stacey, which ran from 2007 until 2010. A Christmas special was released in 2019.

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Former EastEnders star Martine was memorable in Love Actually as the cheerful Downing Street staff member who swore at Hugh Grant's Prime Minister but ended up winning his heart.

Martine has since proved her talents off the screen on the stage, winning an Olivier for her role as Eliza in My Fair Lady in the West End.

While she endeared herself to millions as Natalie, sadly Martines career after Love Actually hasn't been as easy.

The 45-year-old has struggled to land big parts in any major show or film and has only had a few small parts in TV shows.

Shes made appearances on Celebrity Gogglebox and more recently The Masked Singer UK, but she hasnt had anything as high profile as Love Actually.

Martine has also been a panellist on Loose Women, alongside the likes of Katie Price, Andrea McLean, Nadia Swahala and Ruth Langsford.

She has been married to singer Jack McManus since 2012 and has a six-year-old son, Rafferty.

But she hasn't had an easy time of it, having to file for bankruptcy in 2013, and openly struggling with her health, suffering from Chronic Fatigue Syndrome and Fibromyalgia.

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In Love Actually she broke hearts while playing workaholic Sarah, who aside from her busy schedule had to take care of her mentally ill brother.

An outburst from her sibling prematurely ended a saucy moment of passion between Laura's character and ripped actor Rodrigo Santoro.

Since then, she spent a year on the US comedy Frasier, starred in American Dad! and has acted in dark drama Ozark since 2017.

Despite not sharing any scenes together, Laura and Liam Neeson are close friends in real life and he even walked her down the aisle for her wedding in May 2009.

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Brazillian actor Rodrigo Santoro's romance with Sarah, played by Laura Linney, sadly came to nothing in the film - but since then he has played a number of big parts.

He was unrecognisable after shaving off his hair to play 'god' Xerxes in the 2006 action flick 300 and also starred as Paulo in Lost.

Recently, Rodrigo played Westworld's 'most wanted' bandit Hector Escaton and he starred in Boundless, a drama about two men who sailed around the world 500 years ago.

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Lucia played Colin Firth's housekeeper turned love interest, Aurelia, in Love Actually.

Towards the end of the film, he won her heart in a hilariously bumbling scene where the writer tried and often misspoke Portuguese.

Since then Lucia has starred in a number of TV series and films back in Portugal.

January played Jeannie, one of the attractive American girls that sex-obsessed Colin (Kris Marshall) bumps into in Wisconsin.

She was the ringleader of the group of girls who fell for his English accent and charms.

A few years later in 2007, she was cast as Betty Draper in Mad Men, which ran until 2015 and is regarded as one of the best television dramas ever made.

The role saw January nominated for two Golden Globe Awards for Best Actress in Television Series Drama and a Primetime Emmy Award for Outstanding Lead Actress in a Drama Series.

Alan was already an acting legend when he starred in Love Actually alongside Emma Thompson and Hugh Grant.

He had already taken on the iconic role of Severus Snape in the Harry Potter franchise, and had previously starred in Die Hard, Robin Hood: Prince of Thieves and Sense and Sensibility.

Alan played the character of Harry, a successful director of a design agency, who cheats on his wife Karen with his young, pretty secretary Mia.

Alan couldn't have been more different from his on-screen loverat character in real life, happily married to former Labour Party councillor Rima Horton after meeting in their late teens.

Tragically, Alan passed away from pancreatic cancer in 2016 at the age of 69, having won a Bafta, Emmy, a Golden Globe and a SAG during a glittering career.

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What happened to Love Actually cast Daniel Craig romance, bankruptcy, tragic death and rant over s*** &... - The Sun

C

losing an entire Tube line is among the options that Transport for London may have to consider as a result of its financial crisis, it has been revealed.

TfL finance chief Simon Kilonback said the failure to secure Government cash for long-term repairs and upgrades would have a disastrous impact on the capitals transport network.

Mr Kilonback told the TfL finance committee on Wednesday that TfL could be forced into the full closure of a line or part of a line or smaller reductions across the whole [Underground] network.

He did not name the line most likely to be closed but the Bakerloo and Jubilee lines are reportedly at risk.

The Metropolitan and Hammersmith & City lines could also be options due to lower passenger numbers and overlapping rail or Tube services.

DLR and London Overground services are also at risk, Heidi Alexander, the deputy mayor for transport, told the committee.

A blue sky future is unlikely for TfL

Mr Kilonback said there was a risk that TfL would have to issue a section 114 notice - effectively declaring itself bankrupt and handing responsibility for services back to the Government.

This would mean it would only commit to providing services required by law, such as school buses, taxi licensing, certain road repairs and the Woolwich ferry.

It would also be likely that TfL would seek to run only services where it made a profit, he suggested.

A video of the TfL meeting can be viewed here:

Mayor Sadiq Khan has requested an urgent meeting with Transport Secretary Grant Shapps, but has yet to receive a reply.

TfL commissioner Andy Byford told the TfL finance committee there was less than three weeks to save TfL and the London recovery.

He said: I never thought I would say this but getting the Elizabeth line across the line seems a darn sight easier than trying to sort this one out.

TfL commissioner Andy Byford: Funding crisis is even worse than Crossrail

Mr Byford has written to the permanent secretary at the Department for Transport requesting the start of negotiations. He said he was desperate to avoid what happened in the last bail-out, when agreement was only reached with 11 minutes to go before the deal expired.

Passengers are also likely to face a bumper fares hike from the New Year. TfLs plans expect a rise of the RPI rate of interest plus one per cent.

This is likely to mean an extra five per cent on fares, though Mr Khan has the final decision.

TfL ticketing chief Shashi Verma said: This is the city with the highest public transport fares in the world to start off with.

Mr Kilonback said: I think we unfortunately face the situation we first faced back in May 2020, where we are going to have to consider what is required under statute, and say that under S114 of the local Government Finance Act we cannot see a way to balance the budget.

That requires us to commute all expenditure other than that which is required for statutory purposes, which are very limited in terms of the transport services we operate, and to continue to run things that contribute to getting out of the problem and to stop anything which makes the problem worse.

Whereas in the past, certainly the Tube and some of our rail services were covering their operating costs. That isnt the case today. This is not a threat. Its the reality of the statutory position we are in, given the lack of certainty over funding.

A TfL spokeswoman, asked whether Londons fares were the highest in the world, said: In London, 72 per cent of the operating costs of running the TfL network are covered completely by fares and another 14 per cent by other commercial revenues.

Other cities cover a much larger proportion of their costs from government subsidies or dedicated taxes.

Read this article:

TfL crisis latest: entire Tube line may have to close and bankruptcy notice issued - Evening Standard

Pop group Westlife are set to take over the Loose Women panel today to celebrate the release of their new album, Wild Dreams.

Just a week after Vernon Kays Loose Men special, the hit ITV daytime show will temporarily rebrand itself as Loose Life as band members Shane Filan, Nicky Byrne, Kian Egan and Mark Feehily host a one-off special.

The regular Loose Women will interview the group before handing over the reins for a quarter of the show.

READ MORE: Where the Great British Bake Off winners are now from Strictly Come Dancing to baking for the Queen

But when did Westlife get back together and who is the bands richest member? Heres everything you need to know.

While Westlifes exact net worth isnt known, it is currently estimated to be around $22 million, with Kian Egan reported to be the bands richest member, according to internet reports.

Forming in 1998, Westlife went on to become one of the top-selling boybands of all time, alongside Take That and Boyzone.

Until their split in 2012, Westlife sold more than 55 million records across the world, releasing 13 albums and going on 12 world tours.

However, in 2012, lead singer Shane Filan was left devastated after his property development company Shafin Developments went bust, leaving him with debts reportedly amounting to 18 million.

Shane was declared bankrupt at Kingston county court in Surrey a month after his company collapsed.

Six years later, Shanes wife Gillian was also declared bankrupt in relation to joint loans she shared with her husband.

Shanes fellow band member Nicky has spoken about Westlifes fortunes in the past, telling the Irish Independent: We have all lost money.

We were all very foolish with money in the early days, we all bought cars and watches - the silly things.

We did very well out of Westlife but everybody lives and spends. In the early days we earned great money, and in the latter days it was all gone.

On October 19, 2011, Westlife announced that they would be splitting after one final album and tour.

In a statement, they described the split as amicable, and explained that they wanted to have a well-earned break and look at new ventures.

On October 3, 2018, Westlife announced on social media that they would be reuniting to release new music and go on tour.

The band released Spectrum in 2019, with the comeback album going on to reach number one and become the fastest selling album of the year in Ireland.

Tickets for Westlifes upcoming Wild Dreams 2022 tour are now on sale.

Loose Life, a one-off Loose Women special, airs on Friday, November 26 at 12.30pm on ITV and ITV Hub

Stay abreast of the latest on days out, nights out, shopping and more with our Daily What's On Email updates.

Read more:

Where Westlife are now from breakup and bankruptcy to successful comeback - Birmingham Live

The potential for Chinas Evergrande Group to finally go bankrupt is still high despite recent progress made in selling assets and paying down debts, analysts and commentators say.

The Shenzhen-based property developer saw its contracted sales collapse by about 90% year-on-year in September and October, the traditional high sales season for Chinese property markets.

The company also suffered from a property market down cycle where 21 lower-tier cities, where most of Evergrandes property projects are situated, announced market-intervening measures last month to limit price reductions. Those caps are reportedly contributing to Evergrandes cash-flow problems by reducing its ability to slash prices to facilitate sales.

At the same time, a 2.8 billion Evergrande share stake worth about US$1 billion, appeared in Hong Kongs Central Clearing and Settlement System (CCASS) last Friday, indicating that company chairman Hui Ka-yan may be pledging part of his stake as collateral for loans, media reported.The stake was reported to CCASS by Haitong International Securities Co.

Hui and his wife own more than 76.69% of Evergrandes outstanding shares. On October 8, Hui, through Xin Xin (BVI) Limited,pledged 500 million Evergrande shares to a third party by providing share rights as a guarantee to persons other than qualified lenders. On October 12, Haitongs CCASS holdings in Evergrande increased by 500 million shares.

Evergrande has faced a liquidity shortage since its plan to go public in Shanghai was scrapped last year. Chinese financial regulators also announced three red lines to forbid heavily indebted property developers from borrowing money from banks until they lower their gearing ratios.

With worse-than-expected contract sales in the first half, Evergrande failed to pay for the construction of many of its real estate projects. The suspension of construction sent Evergrande into a vicious cycle in which the company could not generate revenue to pay creditors and holders of its wealth management products.

Between September 23 and October 11, Evergrande failed to pay interest of $276.5 million to global investors who hold its bonds. The company finally made payments by the end of the 30-day grace period to avoid an immediate default. It was reported that Hui settled the payments with his own funds.

Evergrande will be removed from the Hang Seng China Enterprises Index (HSCEI) from December 6, according to a statement released by the Hang Seng Indexes Co Ltd, a wholly-owned subsidiary of Hang Seng Bank, last Friday.

On November 17, Evergrandes weighting in the HSCEI was only 0.07%, compared with Meituans 9.41%, Tencents 8.47% and Alibabas 7.98%. Evergrandes shares fell 1.08% at HK$2.75 on Monday. They are down 83% from HK$16.28 a year ago.

Meanwhile, credit rating agencies continue to issue warnings. S&P Global Ratings said in a recent research report that Evergrandes debt crisis had not yet ended and that the bigger test would come when $3.5 billion comes due for US dollar-denominated notes in March and April next year.

We still believe an Evergrande default is highly likely, said analysts at S&P Global Ratings. The firm has lost the capacity to sell new homes, which means its main business model is effectively defunct. This makes full repayment of its debts unlikely.

On September 3, Evergrande said its contracted sales decreased 26% to 38.08 billion yuan ($4.89 billion) in August from a year ago. It said its August sales included amounts offset through the sales of property units to suppliers and contractors.

In the first eight months of this year, the companys contracted sales fell 2.7% to 438.65 billion yuan from the same period in 2020.

Although the company did not announce its contracted sales in September and October, it could have only generated revenue of 17 billion yuan in September and 2.9 billion yuan in October from property sales, according to China Index Academy, a Beijing-based real estate data provider. The combined revenue in the two months was down 89% from the same period of 2020.

Last month, Evergrande tried to replenish its foreign exchange by offering to sell its Hong Kong headquarters building in Wan Chai district to Chinese state-owned Yuexiu Property for $1.7 billion. But Yuexiu Property pulled out of the deal, fearing that Evergrandes debt problems would undermine the transaction.

On October 20, Evergrande said it had scrapped its plan to sell a 50.1% stake in Evergrande Property Services Group to Hopson Development Holdings. The deal, if it had gone through, could have provided Evergrande net cash of HK$20 billion ($2.57 billion) on October 12.

On November 16, China Business News, or Yicai.com, reported that Hui had personally injected 7 billion yuan into his company since July 1. The report said that Hui had already sold three luxury apartments in Hong Kong and several private jets, and planned to sell two more luxury flats in Shenzhen and Guangzhou.

On the same day, the company announced that it had agreed to sell all of its remaining 18% stake in HengTen Networks Group, which operates an online video platform, for HK$2.13 billion, or HK$1.28 per share, to a company owned by mainland investor Li Shaoyu. The selling price represented a 24% discount on the closing price of the Hong Kong-listed HengTen on November 17.

Prior to this, Evergrande had already sold a 19.55% stake in HengTen for HK$4.37 billion. Shares of HengTen had gained 72% to close at HK$2.9 on Monday from November 17.

On November 20, Yicai.com, a Chinese financial news media, said more and more lower-tier Chinese cities were facing a down cycle in their property markets.

Since October 12, at least 21 local governments in third and fourth-tier cities, including Shenyang and Kunming, have launched new measures to forbid property developers from cutting their selling prices by more than 15% from market levels. When selling flats in the same building, developers are not allowed to cut prices by more than 5% from the previous quarter.

Zhang Bo, chief analyst at 58 Anjuke Institute, a research unit of the property marketplace Anjuke.com, said property prices in lower-tier cities had fallen rapidly in recent months, forcing local governments to limit price cuts. Zhang said many local property developers wanted to replenish their cash flow by offering discounts to homebuyers, creating a huge price pressure on the markets.

Zhang added that some property developers paid their contractors in property units due to a lack of cash. He said these contractors then sold these apartments to homebuyers at big discounts, adding more price pressure on the markets. Fortunately, he said, these price pressures had not yet spread to the first and second-tier cities.

It is still unclear whether Evergrande would be able to boost its contracted sales or sell more assets in the coming few months. On October 22, Hui said in an internal meeting that the companys annual property sales would be gradually reduced to 200 billion yuan within the coming decade from 700 billion yuan in the past.

He said Evergrande would allocate more resources to its e-vehicle businesses in the next 10 years.

Read: Evergrande staves off default with dollar bond payment

Here is the original post:

Evergrande's bankruptcy still just a matter of time - Asia Times

NEW DELHI :Representatives of foreign creditors could be in charge of distributing the local assets of defaulting Indian companies in cases where an Indian tribunal recognizes overseas bankruptcy proceedings under New Delhis proposed cross-border insolvency regime.

New rules to be framed under a proposed section in the Insolvency and Bankruptcy Code (IBC) would allow local courts to entrust foreign creditors representatives to distribute these assets once it is satisfied that the interests of creditors in India are adequately protected. This would be one of the benefits to be granted to overseas creditors under the cross-border insolvency regime, said a person familiar with the matter.

Foreign creditors would get this right irrespective of whether the overseas proceeding gets recognized as the main bankruptcy proceedings or as non-main proceedings. If the overseas legal action is recognized as the main proceeding, there would also be a moratorium on other recovery action in India by creditors.

The new section will also apply to Indian lenders requiring assistance in another country for their IBC proceedings against Indian businesses and corporate guarantors with overseas assets. This would be a major shot in the arm for lenders fighting promoters who shift funds out of the company by manipulating books. One key corporate governance challenge for regulators and lenders is the diversion of funds from a company with public interest to a firm closely held by major shareholders.

Whenever a notice is to be issued to creditors of a defaulter, overseas creditors will also be kept in the loop. The government is conducting public consultation till 15 December before a bill for further amending the IBC is placed before Parliament.

The Insolvency and Bankruptcy Board of India (IBBI), the regulator, would make regulations under the new regime for a principle-based, light-touch code of conduct for the representatives of foreign creditors. It will also provide for investigation and disciplinary action against misconduct by foreign representatives.

The proposed new part of the IBC to deal with the failure of businesses with assets and liabilities in multiple markets marks a major improvement in the scope of IBC. This is a much-awaited requirement that will strengthen the insolvency resolution regime in India, experts said.

Being part of the global economy and trade, it is only justifiable that we adopt the international framework widely used by more than 50 countries with appropriate amendments. It is proposed to cover corporate borrowers and personal guarantors and this will help in global asset tracing and recoveries for Indian creditors," said Ashish Chhawchharia, resolution professional and partner at Grant Thornton Bharat.

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The rest is here:

Foreign creditors may soon be in charge of defaulting Indian companies assets - Livemint

John Blanchfield| Guest columnist

Reading about the recent passing of Professor Neil Harl caused me to reflect back on my 40 years in agricultural banking, 25spent at the American Bankers Association in Washington. While Professor Harls obituary mentioned his involvement in the farm debt crisis of the 1980s, it failed to mention what was perhaps his most lasting achievement, creation by Congress in 1986 of a special chapter of bankruptcy for family farmers know as Chapter 12.

Professor Harl created the intellectual framework that allowed members of Congress to envision how such a provision could work. He recognized early on that farmers, after being hit by a triple whammy in the early 1980s; high interest rates, the resulting collapse of farm asset values, and the collapse of commodity prices following the Russian Grain Embargo in 1980, that many of them had more debt than they could ever repay. Farmers who were going out of business in the Heartland at an alarming rate. Farmers were committing suicide. Open conflict developed between farmers and their bankers, and in some cases bankers were murdered. A full-blown crisis had developed.

More: Wendy Wintersteen: Neil Harl's distinctive voice will echo at Iowa State

More: Neil Harl, ISU economist and lawyer who pushed to save farms during 1980s crisis, dies at 88

Being an attorney, Professor Harl was very aware that large businesses were able to reorganize their operations by utilizing Chapter 11 of the US Bankruptcy code. By reorganizing, they were able to get debt written off, repayment terms lengthened, and in some cases interest rates lowered. Many businesses during the 1970s and 1980s successfully used Chapter 11, or the threat of filing bankruptcy to bring their creditors and their suppliers to the table to negotiate a reorganization plan. Chrysler was perhaps the most famous example at the time with a threat to go into bankruptcy in 1979 resulting in federal assistance that helped them continue as a going concern.

While farmers at the time had the option of filing Chapter 11 bankruptcy, Professor Harl and others recognized that it was far too expensive and far too time consuming for a family farmer to successfully reorganize under Chapter 11. He came up with the idea of a special chapter of the US Bankruptcy code specifically for family farmers (family fishermen were included in the enabling legislation).

Features of the legislation included a lower cost of filing, a court appointed trustee, a promise of a rapid turnaround, a requirement that those filing were indeed family farmers as evidenced by a cap on total debt and how much debt came from their farming operation. The most potent feature of the legislation was a cramdown provision that allowed the farmer to argue, in court, what the current market value of the farm was and if that number was lower than the debt owed against it, the court had the power to order the unsecured portion of the debt to be written off.

Understandably the cramdown provision was the bone that stuck in the throats of all those who had loaned money to farmers that was secured by their real estate. Despite the objection of the banking industry, Congress pushed ahead with the legislation and it went into effect on Nov.26, 1986. Over the years Chapter 12 has been expanded. In addition, Chapter 12 was supposed to sunset at a particular date, but that too was removed, and 35years after enactment Chapter 12 is still on the books.

Chapter 12 never lived up to the hype that surrounded it when it was debated and when it became law. It did help some farmers successfully reorganize and continue farming. But the promise that it would get farmers into and out of Bankruptcy Court quickly never materialized. On the bankersside, the cramdown provision did result in some real losses. As a result, Chapter 12 might have made it harder for some farmers to get credit because some bankers were loath to consider deals that were less than perfect. But over time, bankers overcame their fears and today the banking industry has over 50% of the farm credit market.

So, given the uneven success that Chapter 12 has had, why were Professor Harls contributions so pivotal in helping to settle the farm credit crisis of the 1980s? With the creation of Chapter 12, farmers and their lenders were driven to seek solutions before and/or without going to court. The existence of Chapter 12 brought both parties to the table. These table top bankruptcies enabled bankers and their customers to come to terms knowing that failure to do so would end up with both parties in court, with the knowledge that Chapter 12 was a huge pain to deal with. Shortly after Chapter 12 was enacted, the USDA, Farmers Home Administration began voluntarily writing down debt that was uncollectable. While lender losses were great at the time, Professor Harls contribution was that he unblocked the farm debt logjam. By finally coming to terms with the fact that much farm debt from that period was uncollectable, the agricultural credit system thawed and the farm economy recovered.

Finally, Professor Harl was instrumental in de-stigmatizing farm bankruptcy. The literature of the 1980s farm debt crisis in filled with stories about farmer suicides and banker killings. By removing the stigma of business reorganization, many farmers were able to successfully continue their operations or, at least, exit from farming with something. In either case, lives were saved and for that we owe a huge debt to Neil E. Harl.

John Blanchfield directed the Center for Agricultural and Rural Banking at the American Bankers Association in Washington, DC for 25 years.

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Opinion: In appreciation of Neil E. Harl making farm credit work for everybody - Ames Tribune