Michael Cohen, a former personal attorney for Donald Trump, predicted Tuesday on CNN’s... to bankruptcy?” Cohen said, “Let me say there is a lot of mistakes that have been made by...
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A New York judge tossed out Rudy Giuliani’s bankruptcy case Friday, ruling that man formerly known as “America’s Mayor” has repeatedly been evasive about his assets. White Plains federal bankruptcy Judge Sean Lane sided with lawyers for two former Georgia election workers who are owed a $148 million verdict from Giuliani that his Chapter 11 case should be dismissed. “The lack of financial transparency is particularly troubling given concerns that Mr. Giuliani has engaged in self-dealin...
Despite objections from the Office of the U.S. Trustee and some plaintiffs’ attorneys, a judge says Johnson & Johnson’s bankruptcy can proceed in Texas. U.S. Bankruptcy Judge Christopher Lopez ruled the company’s latest case is “different” enough from its previous attempts in New Jersey. What set this third attempt at bankruptcy apart from previous attempts, according to Judge Lopez, was the recent vote in which a significant majority of plaintiffs voted in support of J&J’s settlemen...
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What is Insolvency? · Cash Flow vs Balance Sheet Insolvency · Insolvency Under New York and Federal Law · What is the Effect of Insolvency? · Consequences for Creditors · Rights of Debtors · How Can Debtors Address Insolvency Through Bankruptcy? · How Can Debtors Address Insolvency Outside of Bankruptcy? · How Has COVID-19 Affected Insolvency Rules?
Rudy Giuliani agreed Wednesday to settle outstanding fees he owes to financial investigators with profits from the sale of his multimillion-dollar Manhattan penthouse or his Palm Beach condo to bring an end to his tortured bankruptcy case. Giuliani’s case was set to be dismissed — without paying off his creditors — until the judge slammed on the brakes last week, threatening him with a possible grilling about his finances under oath unless he resolved the outstanding fees. Instead, Giulian...
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