News

Jamal Lewis' bankruptcy hearing in Atlanta delayed - Atlanta Journal Constitution

06/05/12

Lewis filed for bankruptcy in April, listing $14.5 million in assets and $10.6 million in debts. The 32-year-old retired in 2009 after nine seasons with the Ravens and Cleveland Browns. His off-the-field investments have included trucking ...

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Ex-broker faces potential criminal-fraud case, investigator says - Orlando Sentinel

06/05/12

Pizzuti and his wife, Sharon. In his letter, Burley urged the judge to delay the final discharge of more than $8 million in creditor claims against the couple in their Chapter 7 bankruptcy case because that debt could "constitute the proceeds of ...

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Judge Says Pension Fund Can't Seek Bankruptcy Protection - NPR News

06/05/12

The legal case hinged on a single important question: Is a pension fund separate from the government or part of it? Under U.S. bankruptcy law, commonwealths and states themselves cannot file for bankruptcy. The CNMI may be small, but this case ...

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Treasure hunter lawsuit back on - United Press International

06/05/12

COLUMBUS, Ohio, June 5 (UPI) -- A lawsuit Ohio investors filed against a treasure hunting company is under way again after the company withdrew its bankruptcy filing, court documents show. Recovery Limited Partnership, run by treasure hunter ...

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Bankruptcy shuts several area KFC and Buffalo Wild Wings restaurants, including one in town of Ulster - Daily Freeman

06/05/12

“We were under bankruptcy for a while, but we were all under the impression that our sales and our profitability had been increasing steadily, so it (the shutdown) was a pretty significant shock to us,” he said. Stacy Huber, Headlee’s ...

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Ex-Raven Jamal Lewis' bankruptcy case postponed - Baltimore Sun

06/05/12

A court hearing on the status of former Baltimore Ravens running back Jamal Lewis' bankruptcy case was postponed in Atlanta on Tuesday amid signs that he would submit required financial records and meet with court officials. Lewis, who retired ...

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Franklin Credit Files Bankruptcy to Sell Mortgage Unit - Bloomberg

06/05/12

Franklin Credit Holding Corp. (FCMC) filed for bankruptcy with plans to sell its only asset, an 80 percent stake in a mortgage-servicing unit, to help pay creditors owed $827.3 million. Franklin listed $1.2 million in assets in a Chapter 11 ...

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Jamal Lewis bankruptcy rescheduled - YAHOO!

06/05/12

Because of that, there had been a proposal to dismiss his case or convert it to Chapter 7 bankruptcy. David S. Weidenbaum, attorney for the bankruptcy trustee, asked for the hearing to rescheduled, saying Lewis had shown signs of complying with the regulations.

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Barclays victory in dispute over Lehman assets - Financial Times

06/05/12

The decision is a major step in one of the biggest of the remaining disputes arising from the largest bankruptcy case in history. But lawyers representing Lehman’s former customers are set to appeal against it. In 2010 Barclays fought off the Lehman ...

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Jamal Lewis bankruptcy offers a peek into former Raven's daily life - Baltimore Sun

06/05/12

Are you saving more money than a Super Bowl champion? Jamal Lewis, the former Ravens running back, offered the nosy a look at his finances when he recently filed for Chapter 11 bankruptcy protection. For instance, he makes $35,000 in an average ...

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