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School Fund


The federal government says Joseph Regensburger has some explaining to do. As Regensburger, the former president of a Milford strip club, asks an appeals court to overturn a judgment ordering him to pay former employees $113,650, a Department of Justice accused Regensburger of cashing more than $100,000 in checks, with at least a few of …

Second Circuit Adopts “Control Test” For Imputation Of Fraudulent Intent In Bankruptcy Avoidance Litigation – Insolvency/Bankruptcy/Re-structuring

To print this article, all you need is to be registered or login on Mondaq.com. In yet another chapter in the tortured saga of the fallout from the failed 2007 leveraged buyout (“LBO”) of media giant The Tribune Co. (“Tribune”) in a transaction orchestrated by real-estate mogul Sam Zell, the U.S. Court of Appeals for …

An Equitable Tightrope: Blackjewel’s Balancing Act On After-Acquired Property In Bankruptcy – Insolvency/Bankruptcy/Re-structuring

To print this article, all you need is to be registered or login on Mondaq.com. It is well recognized that, in keeping with the “fresh start” or “rehabilitative” policy, the Connecticut bankruptcy Code invalidates after-acquired property clauses in prepetition security agreements, but also includes an exception to the general rule for prepetition liens on the …

Puerto Rico defends legal supremacy over bankruptcy plan

By Vince Sullivan (Nov 15, 2021, 6:31 p.m. EST) – The Supervisory and Financial Management Board pursuing Puerto Rico’s debt restructuring said on Monday its plan should anticipate existing Commonwealth laws to be consistent with legislation who authorized the island’s Connecticut bankruptcy filing because otherwise the proposed plan would not be feasible. On the fourth …

Judge threatens to arrest PPP ‘fraudsters’ in Singapore hotel bankruptcy

Signage is seen in the United States Bankruptcy Court for the Southern District of New York in Manhattan, New York, United States, August 24, 2020. REUTERS / Andrew Kelly (Reuters) – Two shareholders in a Singaporean real estate trust could face prison sentences over what a Delaware judge called a fraudulent scheme to obtain a …

Dollar Scholar asks: Does declaring bankruptcy mean I’m doomed?

You’ve heard of the villain in The Princess to Wed, Vizzini, who always says to his henchmen that the possibilities seem “inconceivable?” It is possible that someone is watching them after they kidnapped Princess Buttercup? Inconceivable. The possibility the fact that Dread Pirate Roberts was able to survive despite Vizzini cutting his rope for climbing? Inconceivable! Do you remember how …

Muffin Mam files for bankruptcy |  2021-11-15

SIMPSONVILLE, SC. – The Muffin Mam, Inc., a Simpsonville-based baked food maker, closed its 100,000 square foot bakery plant in Laurens, SC on Nov. 10 after filing for Chapter 7 bankruptcy with of the U.S. South Carolina District Bankruptcy Court on Nov. 9. In the case, Muffin Mam said he owed nearly $ 6 million …

Building Better Borrowers – Bankruptcy – Remote Basics (Podcast) – Insolvency / Bankruptcy / Restructuring

United States: Building Better Borrowers – Connecticut Bankruptcy – Remote Basics (Podcast) November 15, 2021 Cadwalader, Wickersham & Taft LLP To print this article, simply register or connect to Mondaq.com. Building Better Borrowers – Connecticut Bankruptcy – Remote Basics In our next article available on Wednesday 17 November. Kathryn Borgeson, Special Advisor on Financial Restructuring, …

What we read this week [November 10, 2021] – Insolvency / Bankruptcy / Restructuring

United States: What we read this week [November 10, 2021] November 15, 2021 Mayer brown To print this article, simply register or connect to Mondaq.com. Whether – and under what circumstances – should a debtor pay creditors a relief premium continues to be challenged in Connecticut bankruptcy courts. Last week, as reported Bloomberg, Justice Dorsey …

Limetree Bay Suspends Purge Amid Bankruptcy |  New

Final stages of the Limetree Bay refinery shutdown process have been put on hold due to lack of liquidity, and further oil purge depends on the outcome of the ongoing bankruptcy case, new report has filed in the United States District Court. The report is part of an ongoing civil lawsuit filed on July 12 …