bankruptcy

The United States Trustee filed a bankruptcy court notice last Wednesday in the HearUSA, Inc. chapter 11 case.  In the notice, the U.S. Trustee disclosed that it has appointed an Official Committee of Equity Security Holders in the bankruptcy cases.  The members include two individual investors and three institutions: Arcadia Opportunity Master Fund, Ltd.; Sherleigh Associates Inc., [...]

On Wednesday, two related companies – Stellar GT TIC LLC and VFF TIC LLC – voluntarily filed for chapter 11 protection in the bankruptcy court in Greenbelt, Maryland with a pre-negotiated plan of reorganization.  The companies own an 891-unit multi-family high rise property (consisting of two 14-story apartment buildings) located at 8750 Georgia Avenue in [...]

The following order dismissing the involuntary chapter 11 petition against Bank of America, N.A. was entered by Bankruptcy Judge Michael Romero (Bankr. D. Colo.) shortly after 3 p.m. on Tuesday.  For background on the involuntary filing and Bank of America’s response, please read our earlier post on the case: http://blog.ch11cases.com/2011/06/34-individuals-file-pro-se-involuntary.html To view a copy of the [...]

Summary: The United States Trustee filed a notice with the bankruptcy court on Friday which identified the creditors which have been appointed to the Official Committee of Unsecured Creditors in the chapter 11 bankruptcy cases of Signature Styles, LLC and Signature Styles Gift Cards, LLC. Those companies, which collectively operate a catalog and internet retailer [...]

It is no secret than many Americans are one tragedy away from financial hardship in the form of accidents, the loss of a job, a divorce, or an unexpected illness.  More than half of all bankruptcies are reportedly the result of overwhelming medical expenses. Even (relatively) small medical bills can become overwhelming quickly because the [...]