Day: June 24, 2021

Legal process

Statutes of Liberty: We Explain the Discretionary Power of Prosecutors and Why It’s a Huge Victory

This sponsored column is by James Montana, Esq., Doran Shemin, Esq. and Laura Lorenzo, Esq., practicing lawyers at Steelyard LLC, an immigration law firm located in Arlington, Virginia. The legal information given here is of a general nature. If you want legal advice, contact James for an appointment. Editor’s Note: Stay tuned for Part 2 […]

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Debt ratio

Borregaard (OB: BRG) has a somewhat strained record

Berkshire Hathaway’s Charlie Munger-backed external fund manager Li Lu is quick to say “The biggest risk in investing is not price volatility, but the fact that you suffer a permanent loss of capital. “. It’s only natural to consider a company’s balance sheet when looking at its level of risk, as debt is often involved […]

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Bankruptcy

Bankruptcy Appeal Board confirms authorization to retroactively cancel stay

With rare exceptions, when a bankruptcy petition is filed, an “automatic stay” comes into effect which prevents the commencement or continuation of any litigation or proceeding against the debtor or the estate of the bankruptcy estate. Bankruptcy courts may grant an “exemption” from the automatic stay to allow a creditor to pursue litigation against the […]

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Bankruptcy

Future of ‘irreplaceable’ Queen Mary in question as operator faces bankruptcy

The future of the legendary Queen mary The liner is in question as Eagle Hospitality Trust, the company that operates it as a tourist attraction, has filed for bankruptcy. Permanently moored in Long Beach, California for over 50 years, the ship is a one-of-a-kind artefact, the only surviving survivor of an era when large ocean […]

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Bankruptcy

Base seeks to keep Mountain States-Rosen lamb cooperative from bankruptcy

On March 19, the Mountain States-Rosen lamb co-op was pushed to file for Chapter 11 bankruptcy due to Covid-19. This week, local efforts are being made by the sheep industry across the west to try to stop a bankrupt acquisition of the co-op’s processing plant in Greeley, CO, believing it would irreversibly harm the competition […]

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Bankruptcy

Flex alert for energy conservation Thursday

Source: City of Santa Barbara Extreme heat forecast; consumer assistance will be essential to avoid breakdowns The California Independent System Operator (CAISO) and state agencies are closely monitoring temperatures and grid conditions statewide during this heat wave. CAISO issued a Flex Alert for TODAY on Thursday, June 17, asking consumers and businesses to conserve energy […]

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Bankruptcy

5 Most Loved Car Brands (5 Everyone Hates)

Car brands can often be very divisive in the world of car enthusiasts. Looking back at the best brands in the world, their cars have often had to be near perfect in terms of performance, looks, and drivability. Indeed, it’s a very difficult thing for brands to get everything right with cars often featuring some […]

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Bankruptcy

The Wing refocuses its coworking approach under Sheila Lirio Marcelo – Business Observer

Sheila Lirio Marcelo joined The Wing after a long year for the female-focused coworking space. The Wing spent part of 2020 battling bankruptcy, responding to allegations of racism and discrimination in the workplace, and losing its co-founder and CEO Audrey Gelman (who resigned after these aforementioned allegations). Marcelo, the new Executive President of The Wing, […]

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Bankruptcy

Singapore Court of Appeal sets aside appeal against bankruptcy decision

introduction In Aathar Ah Kong Andrew v OUE Lippo Healthcare Ltd [2021] SGCA 48, the Singapore Court of Appeal overturned an appeal against a bankruptcy decision, closing the final chapter of a long-standing bankruptcy and voluntary arrangement dispute. The Court’s ruling underlines the importance of complying with the procedural requirements of bankruptcy proceedings and remedies, […]

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Bankruptcy

IndyGo purchases former Celadon trucking headquarters on the east side

Celadon Group inc. former Indianapolis headquarters was sold just over a year after the trucking company filed for bankruptcy. IndyGo bought the Celadon site at 9503 E. 33rd St., on the east side of town for $ 3 million, according to documents filed with a U.S. bankruptcy court in Delaware. The sale of the approximately […]

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