Bankruptcy – Loro Dinapoli http://lorodinapoli.org/ Thu, 28 Oct 2021 17:30:56 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 http://lorodinapoli.org/wp-content/uploads/2021/07/icon-2021-07-06T154208.998-150x150.png Bankruptcy – Loro Dinapoli http://lorodinapoli.org/ 32 32 Detroit Bankruptcy Documentary Wins National Film Award http://lorodinapoli.org/detroit-bankruptcy-documentary-wins-national-film-award/ http://lorodinapoli.org/detroit-bankruptcy-documentary-wins-national-film-award/#respond Thu, 28 Oct 2021 16:46:55 +0000 http://lorodinapoli.org/detroit-bankruptcy-documentary-wins-national-film-award/ Ken Burns speaks last night at the 2021 Library of Congress Lavine / Ken Burns Prize for Film Awards program. // Courtesy of the Library of Congress “Gradually, Then Suddenly: The Bankruptcy of Detroit,” a documentary film directed by Sam Katz and James McGovern, won the 2021 Lavine / Ken Burns Award for Cinema from […]]]>
Ken Burns speaks last night at the 2021 Library of Congress Lavine / Ken Burns Prize for Film Awards program. // Courtesy of the Library of Congress

“Gradually, Then Suddenly: The Bankruptcy of Detroit,” a documentary film directed by Sam Katz and James McGovern, won the 2021 Lavine / Ken Burns Award for Cinema from the Library of Congress and a final grant of $ 200,000.

The award is presented by the Better Angels Society based in Washington, DC, a nonprofit organization dedicated to exploring American history through documentary film.

The Detroit documentary explores the city’s decline, culminating in the largest municipal bankruptcy in US history in 2013. It also chronicles the journey that followed, from disaster to possible.

“Each of the films we recognize today is an extraordinary work of art,” said renowned documentary filmmaker Ken Burns. “We are very honored to provide filmmakers with grants to help them finish films and share them with audiences. I have long believed that our ability to engage with historical topics will help us meet some of the challenges we face today. “

Submissions were reviewed by an internal committee comprised of filmmakers from Florentine Films and experts from the National Audio-Visual Conservation Center, the Library of Congress’s state-of-the-art motion picture and sound conservation facility. Six finalists were then reviewed and shortened to the top two submissions by a national jury.

The finalist was “Free Chol Soo Lee”, directed by Julie Ha and Eugene Yi, which tells the story of a Korean immigrant wrongly convicted of murder in 1973.

“We received a superb collection of films this year,” says Carla Hayden, Librarian of Congress. “Each speaks to a specific period in our country’s history, but echoes the issues we face today as a nation. The selection of the two winners from the six finalists was extremely difficult. Both were gripping tales of complicated subjects, including the decline of a great city and its return, and a complicated story of injustice that deals with race and prejudice that unfold in unexpected ways.

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Mitigate the risk of bankruptcy of art shipments in the United States – Media, Telecommunications, Computers, Entertainment http://lorodinapoli.org/mitigate-the-risk-of-bankruptcy-of-art-shipments-in-the-united-states-media-telecommunications-computers-entertainment/ http://lorodinapoli.org/mitigate-the-risk-of-bankruptcy-of-art-shipments-in-the-united-states-media-telecommunications-computers-entertainment/#respond Wed, 27 Oct 2021 10:17:49 +0000 http://lorodinapoli.org/mitigate-the-risk-of-bankruptcy-of-art-shipments-in-the-united-states-media-telecommunications-computers-entertainment/ United States: Mitigate the risk of bankruptcy of art shipments to the United States October 27, 2021 Pryor Cashman LLP To print this article, simply register or connect to Mondaq.com. The onset of the global COVID-19 pandemic in early 2020 has spurred significant changes in the art market, including a sharp shift to digital-only forms […]]]>

United States: Mitigate the risk of bankruptcy of art shipments to the United States

To print this article, simply register or connect to Mondaq.com.

The onset of the global COVID-19 pandemic in early 2020 has spurred significant changes in the art market, including a sharp shift to digital-only forms of engagement following the cancellation of art fairs. in-person art, gallery exhibitions and auctions. Compared to other sectors, the art market is perceived as opaque; artistic transactions are often conducted privately and / or informally by commercial actors, some of the largest and most influential of which are private companies rather than listed on the stock exchange.

Market uncertainty over pandemic-induced disruptions was exacerbated in March 2020, when news broke that leading auction platform Paddle8 had filed for Chapter 11 bankruptcy protection. was further compounded in May 2020, when an independent audit of another leading auction house found “substantial doubt” about the company’s ability to continue in business.

In this context, sophisticated senders sought to better understand the potential impact of bankruptcy on their art shipments.

This was especially the case for senders with fiduciary duties, such as trustees, executors, family office heads, and private banking art advisers.

In the United States, one of the fundamental purposes of bankruptcy law is to protect creditors from interest in a debtor’s property that they could not reasonably have known about: what is called “secret privileges”. . If a shipper has not made a consignee’s creditors aware of the former’s interest in the consigned property and the consignee sees bankruptcy protection, the consigned property may be considered to be part of the estate. bankruptcy. In this scenario, the sender effectively loses ownership of it and may be relegated to general creditor status, potentially limiting the sender’s collection to a pro-rata distribution (usually at a rate of pennies on the dollar). after the liquidation of the bankruptcy estate the assets.

The risk of this worst-case scenario can be mitigated under certain circumstances.Fiduciary shippers may be required to explore common law, statutory and contractual protections for their consignment goods., the availability of which depends on several factors, including the type of sender, the type of recipient, and the location of the shipment.

Common law protections

  • U.S. bankruptcy courts apply state law to determine the nature and extent of a debtor’s interest in the property. Some states have developed relevant common law precedents relating specifically to auctions.
  • For example, New York common law imposes a principal agent relationship between auctioneers and their shippers, which continues throughout the sale of the property until the auctioneer has delivered the product. net due to sender. Under this precedent, if an auctioneer does not separate the products from the shipper, the shipper can benefit from the court’s imposition of a constructive trust on those funds. Likewise, the agency of an auctioneer can be presumed under New Jersey law so that the proceeds of the sale are held in a constructive trust for the benefit of the sender even when the contract recording of the parties is verbal.
  • However, common law precedents vary from state to state, and other precedents are less favorable to shippers than in New York and New Jersey. For example, bankruptcy courts applying the laws of Nebraska and Oregon have found that the principal agent relationship between an auctioneer and a shipper may end when the consignment property is sold, if the written agreement of the parts does not require separation of the sender’s products. In these cases, the senders are not entitled to constructive trusts and instead to collect (if any) alongside other general creditors.

Read the transcript of the full discussion on page 308 of the Deloitte Art & Finance Report 2021. The report can be accessed via the link below.

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

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Mayoral candidate LePage declared bankruptcy and had tax privileges http://lorodinapoli.org/mayoral-candidate-lepage-declared-bankruptcy-and-had-tax-privileges/ http://lorodinapoli.org/mayoral-candidate-lepage-declared-bankruptcy-and-had-tax-privileges/#respond Mon, 25 Oct 2021 21:48:56 +0000 http://lorodinapoli.org/mayoral-candidate-lepage-declared-bankruptcy-and-had-tax-privileges/ 10-25-21 Haverhill city councilor and mayoral candidate Colin LePage said he was under attack by Mayor Fiorentini and his supporters for parts of his background which he said “are not as nefarious as they seem “. A Valley Patriot investigation shows LePage filed for bankruptcy in 2005, paid a $ 300 fine in 2008 for […]]]>

10-25-21

Haverhill city councilor and mayoral candidate Colin LePage said he was under attack by Mayor Fiorentini and his supporters for parts of his background which he said “are not as nefarious as they seem “.

A Valley Patriot investigation shows LePage filed for bankruptcy in 2005, paid a $ 300 fine in 2008 for driving with a suspended license in New Hampshire, and had an IRS land tax lien in 2007 for unpaid income taxes.

“I find it interesting that the mayor’s supporters are pushing this stuff so close to the election because they don’t want people to talk about the mayor’s lack of transparency and how he spends taxpayer money. He’s just not trustworthy or honest about what he’s done, so he wants people to talk about my past, ”he told The Valley Patriot.

In an exclusive interview, LePage told The Valley Patriot that he would be happy to address the three issues uncovered during our investigation.

DRIVING WITH A SUSPENDED LICENSE

According to records obtained over the weekend, LePage was cited for driving with a suspended license in Alton, New Hampshire in 2008. LePage pleaded guilty and was fined $ 300.

“In 2008, I got a speeding ticket and they revoked my license for non-payment,” he admitted.

“But I didn’t even know they did that. I received no notice. So one day we were going to my sister’s birthday party and I got arrested. It was the first time I learned about suspension. I paid the ticket and the fine. Honestly, I had no idea, my license in Massachusetts was not suspended and I was driving for work at the time. It’s a shame I had to find out this way, but I did the right thing and paid.

TAX GUARANTEE FOR NON PAYMENT OF TAX ON INCOME

Documents show that the IRS placed a land tax lien on LePage in the amount of $ 5,293.68 for non-payment of income taxes in 2008.

LePage said he had a dispute with the IRS around 2007 because, he says, his employer at the time sent him a 1099 for his reimbursement expenses, which are not taxable.

“My employer was not paying half of taxes at the time, and at the same time he was sending me, an employee, a 1099 for my reimbursement costs. So every three years that this happened I ended up getting a tax refund but then the IRS came to me and told me I had to refund everything because of this 1099 issued by my employer.

“I didn’t have the money to fight the IRS, it would have cost me a lot more than the money they said I owed so I just paid it.”

LePage says he has been back and forth with the IRS on several occasions on the matter and added that as a salaried employee he should never have gotten the 1099 in the first place.

“Their real beef was with my old employer, not me, but when it all ended, I ended up footing the bill.”

“I went through this for three or four years in a row where I would get a refund and a few months later I would get an invoice for the refund amount. Then they would fix it, and the next year they would do the same.

“In the end, the IRS agreed with me, but at first it seemed like I was not reporting the correct amount.”

“By the way, the town of Haverhill was doing exactly the same thing my former employer did when I first joined the council,” he added.

“I had never asked for reimbursement for city council expenses, but the city had a system in place where they created an allowance for councilors. I objected, saying they were taking tax from my check and I got a separate check. I knew it was wrong at the time and I told my fellow councilors and the city auditor. I was right years later.

“Besides, it was I who rectified that, it was only because of what I had experienced with my former employer that I understood what the mayor was doing. So I think having this experience with the IRS actually makes me more qualified and more informed to be mayor because now I understand these issues firsthand. I know the mayor and his supporters are going to get away with it, but it’s really not as bad as it looks.

BANKRUPTCY STATEMENT

LePage admits he declared Ch. 7 bankruptcy in 2005, adding that he had taken care of his ailing mother who had a mountain of credit card debt.

“She had no pension and was on social security. I didn’t know she had all this debt when she moved in, but when I found out I took her to my lawyers to see what we could do about it, ”he said. .

“While I was there with the lawyers, they advised me to do the same with my debt and unfortunately I took the advice of my lawyers,” he said.

LePage said that, like many voters in Haverhill, he has had financial problems in the past, but adds that he believes those experiences with financial hardship were good training to serve on city council and manage the finances of the city.

Michael Gagliardi, commercial director of Local 175 of the Workers’ Union (which supported Mayor Fiorentini) says he disagrees.

“I find it incredible that a candidate who talks about transparency has tried to hide his bankruptcy declarations from taxpayers. I mean, if The Valley Patriot hadn’t dug this up, I don’t think he would have ever told anyone. If he can’t manage his personal finances, how can he be entrusted with the city budget?

Gagliardi also added; “Not only can he not manage his own finances, he cannot even pay his taxes on time. He is irresponsible with his taxes, he is irresponsible with his personal finances, and yet he wants to manage the finances of the city? God help us if this is the kind of fiscal irresponsibility he wants to bring to the city.

LOOKING FORWARD

“No one’s past is perfect,” LePage told The Valley Patriot.

“What’s important is what you do to move forward. Since my financial difficulties 15 years ago, I now have a line of credit of over a quarter of a million dollars, have less than 5% credit card debt and my credit rating hovers around 800. I think most voters can relate to this as many of them have also suffered from financial difficulties in the past.

“But to be fair,” he added, “the public should also examine the mayor’s record in handling his tax dollars.”

LePage pointed out that Fiorentini spent more money on the Hunking School project, forcing taxpayers to foot the bill for a $ 300,000 building permit for the Hunking School. It was not reimbursable by the state.

He also said Fiorentini had authorized a local developer to owe the city more than $ 250,000 “because the mayor apparently didn’t know. It was I who discovered it and brought it to the attention of the board and the public. At least my financial problems only affected me personally, but the mayor’s financial problems not only lack transparency but hurt taxpayers.

“We are paying the $ 300,000 building permit fees that the mayor charged taxpayers, who requested a debt exclusion for the schools but are now paying $ 300,000 more than they agreed to without any benefit. “

LePage concluded by saying he believes voters will not be fooled by the personal attacks on him.

“I really believe voters are more concerned with what I’m going to do with their money than with my personal past. This is an election to decide who is the best to run the city and how we are going to manage their money, and I think I have proven to the council that I am the best candidate to do so.

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Garuda on the verge of bankruptcy http://lorodinapoli.org/garuda-on-the-verge-of-bankruptcy/ http://lorodinapoli.org/garuda-on-the-verge-of-bankruptcy/#respond Sun, 24 Oct 2021 17:15:21 +0000 http://lorodinapoli.org/garuda-on-the-verge-of-bankruptcy/ Jakarta. National carrier Garuda Indonesia could go bankrupt amid inflated debt and financial hardship due to the devastating impact of the Covid-19 pandemic. According to media reports on Sunday, the government has prepared all possible contingencies for Garuda, including liquidation and his replacement by charter airline Pelita Air Service if the ongoing rescue measures are […]]]>

Jakarta. National carrier Garuda Indonesia could go bankrupt amid inflated debt and financial hardship due to the devastating impact of the Covid-19 pandemic.

According to media reports on Sunday, the government has prepared all possible contingencies for Garuda, including liquidation and his replacement by charter airline Pelita Air Service if the ongoing rescue measures are unsuccessful.

“If we find ourselves in a stalemate, we will close [Garuda] because it is impossible to inject more money from the state given the massive indebtedness of the company, ”Antara Kartiko Wirjoatmodjo, deputy minister of public enterprises, told the news agency.

He said Garuda is currently negotiating with lenders and dozens of aircraft lessors in his attempts to restructure debts.

Even if Garuda can stabilize its financial conditions, it is almost certain that the company will no longer be able to serve long-haul flights in the future, Kartiko added.

According to Garuda’s financial results in June, the company is in debt of $ 4.9 billion and the charge has increased by 1 trillion rupees ($ 70 million) each month due to the late payment of the loan, a reported the Kompas news site.

Before the pandemic, Garuda had recorded a profit of around 100 billion rupees in 2019, but in the third quarter of 2020, he suffered a massive loss of 15 trillion rupees.

The website also reported that the government had prepared Pelita Air Service, a subsidiary of state-owned oil company Pertamina, to serve domestic flights if Garuda files for bankruptcy.

State Enterprise Minister Erick Thohir said earlier that Garuda had leased its fleet to at least 36 aircraft rental companies, some of whom had been involved in “corrupt practices” with Garuda’s former management.

Garuda has faced a number of civil lawsuits from landlords for inability to pay rent.

Garuda General Secretary Mitra Piranti said in a letter to the Indonesia Stock Exchange that the company “continues to take strategic steps to accelerate business recovery with a focus on improving the core performance of the company. ‘business”.

The return of tourism activity increases optimism for the future of the company, added Mitra.

“In addition, we continue to negotiate and communicate with all creditors to achieve the best debt settlement and restructuring that will improve the fundamental performance of the business,” he said.

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Urgent need to reduce bankruptcy resolution times, according to MCA http://lorodinapoli.org/urgent-need-to-reduce-bankruptcy-resolution-times-according-to-mca/ http://lorodinapoli.org/urgent-need-to-reduce-bankruptcy-resolution-times-according-to-mca/#respond Sat, 23 Oct 2021 07:34:17 +0000 http://lorodinapoli.org/urgent-need-to-reduce-bankruptcy-resolution-times-according-to-mca/ NEW DELHI : There is an urgent need to reduce the procedural delays in the resolution of bankruptcies, despite the significant achievements of the National Company Law Tribunal (NCLT) and the Appeal Tribunal in the implementation of the Insolvency Code and bankruptcy (IBC), according to Rajesh Verma, secretary of the Ministry of Corporate Affairs. Verma […]]]>

NEW DELHI : There is an urgent need to reduce the procedural delays in the resolution of bankruptcies, despite the significant achievements of the National Company Law Tribunal (NCLT) and the Appeal Tribunal in the implementation of the Insolvency Code and bankruptcy (IBC), according to Rajesh Verma, secretary of the Ministry of Corporate Affairs.

Verma said in a monthly business sector update released by the ministry that the number of NCLT cases has increased over the years and there is a huge backlog of cases. Verma said the role of these courts was “of prime importance” in concluding bankruptcy proceedings and that they have worked tirelessly to meet the demands of the ever increasing workload. They also played a “great job” in smoothing out the issues. and the difficulties encountered in implementing the bankruptcy code, Verma said.

“Despite these important achievements by contracting authorities, in order to fully achieve the objectives of the Code, there is an urgent need to address procedural delays, as they often lead to an erosion of the value of the debtor company,” said Verma. In 2019, Parliament amended the IBC to provide for the conclusion of the bankruptcy resolution process within 330 days, including the time needed for litigation.

Verma said the government recently authorized the appointment of 21 new members to the NCLT and that the process to fill the positions of 15 members in NCLT and three members in NCLAT was underway.

The government also introduced an alternative bankruptcy resolution scheme for small businesses earlier this year, which is informal to a point, before the business recovery plan goes to court for sanction. It should also reduce the burden on the courts. Staying on schedule under the Code would help quickly resolve stressed assets and improve ease of exit, Verma said in the review.

The Parliamentary Standing Committee on Finance said in August that more than 71% of cases remained pending for more than 180 days, indicating a deviation from the original Code targets intended by Parliament.

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Editorial l Assistance to a certified notary | Editorials http://lorodinapoli.org/editorial-l-assistance-to-a-certified-notary-editorials/ http://lorodinapoli.org/editorial-l-assistance-to-a-certified-notary-editorials/#respond Fri, 22 Oct 2021 04:15:00 +0000 http://lorodinapoli.org/editorial-l-assistance-to-a-certified-notary-editorials/ MERCENARY THE PROBLEM: The county is looking for a bankruptcy lawyer to protect itself. OUR OPINION: A good idea, but keep your hands near your wallet. Get more from the Citrus County Chronicle The County Commissioners Citrus Council has approved a request from County Attorney Denise Lyn to hire a lawyer to help her with […]]]>

MERCENARY

THE PROBLEM: The county is looking for a bankruptcy lawyer to protect itself.

OUR OPINION: A good idea, but keep your hands near your wallet.

Get more from the Citrus County Chronicle

The County Commissioners Citrus Council has approved a request from County Attorney Denise Lyn to hire a lawyer to help her with bankruptcy issues with DAB Construction and Nature Coast EMS. We hardly need to dig into the black holes of the US construction debacle and the EMS disaster dollar drain funnel.

But even then the county must try to recover from these fiascos. It’s no secret that Citrus County isn’t rolling in wealth. The BOCC is held accountable and closely watched by citizens and the press.

Ms Lyn’s request capped the amount she said she needed to employ this specialized mercenary. It’s $ 8,000. Looking at the contract submitted to her by the bankruptcy law firm she chose, their going rate is $ 300 an hour for government work. A review of hourly rates nationwide shows Florida’s average rate for government work is around $ 294 an hour, so Ms. Lyn’s pick is in the stadium. Not bad for banging him in the trenches.

But speaking of combat, we think this money is protection well spent to keep Citrus County – and its taxpayers – sleeping peacefully at night. We have no idea what future litigation is on the horizon in Citrus County, but this Pinellas County firm looks like a good fit as bankruptcy firms focus on one of two issues: protecting debtors or recover the money owed to creditors. The chosen one – Blanchard Law in Largo – seems perched on the protection of debtors. It would be Citrus County.

One might ask why do we hire a lawyer when we already have one who earns an annual salary? This is a reasonable question. With a reasonable analogy. A person goes to their GP for routine care, but when a health crisis strikes, the best action is to see that specialist – cardiologist, neurosurgeon, oncologist or whatever. A sick heart, brain, or cancer are just things to talk about with your GP. When your life is on the line, it’s time to bring in the big guns.

In her memorandum to the board, Lyn said so, saying there is an urgent payment and title issues with the county taking over EMS services. This was widely discussed by Commissioners and staff at the October 9 committee meeting, with Commissioner Ruthie Schlabach wondering why we have to go to another county to hire a bankruptcy lawyer. She wondered how many specialist firms in Citrus County focus on this branch of the law. Ms Lyn couldn’t provide an exact figure, but regardless of that, the county has positioned itself with a defensive wall in terms of litigation. And the $ 8,000 is already counted as a budget line in the annual budget for outside counsel assistance, representing only 10% of the $ 80,000 available. We encourage the remaining $ 72,000 to be returned to the general fund at the end of this fiscal year. And like an auction, “Go once, go twice,” the hammer ends at $ 8,000.

And not a dime more.

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The lawyer must wait his turn to prosecute Erika Jayne Girardi, according to the trustee http://lorodinapoli.org/the-lawyer-must-wait-his-turn-to-prosecute-erika-jayne-girardi-according-to-the-trustee/ http://lorodinapoli.org/the-lawyer-must-wait-his-turn-to-prosecute-erika-jayne-girardi-according-to-the-trustee/#respond Wed, 20 Oct 2021 23:30:00 +0000 http://lorodinapoli.org/the-lawyer-must-wait-his-turn-to-prosecute-erika-jayne-girardi-according-to-the-trustee/ Singer and actress Erika Jayne at the 2017 American Music Awards. REUTERS / Danny Molochok Summary Law firms Related documents Edelson PC sued Tom and Erika Girardi in December Trustee says letting case continue would disrupt Girardi Keese bankruptcy The names of companies and law firms shown above are generated automatically based on the text […]]]>

Singer and actress Erika Jayne at the 2017 American Music Awards. REUTERS / Danny Molochok

  • Edelson PC sued Tom and Erika Girardi in December
  • Trustee says letting case continue would disrupt Girardi Keese bankruptcy

The names of companies and law firms shown above are generated automatically based on the text of the article. We are improving this functionality as we continue to test and develop in beta. We appreciate comments, which you can provide using the comments tab on the right of the page.

(Reuters) – A bankruptcy trustee overseeing the estate of Tom Girardi’s late law firm is asking a judge to delay legal action against “Real Housewives of Beverly Hills” star Girardi’s ex-wife, Erika Jayne Girardi.

Chicago law firm Edelson sued the Girardi in federal court in December, alleging they had embezzled settlement funds to finance their “glitz-and-glam” lifestyle. The lawsuit sparked a flood of claims led by Girardi’s former partners that forced Girardi Keese out of business.

Edelson earlier this month asked a Los Angeles bankruptcy judge to allow him to continue his actions against Erika Girardi despite an automatic pause in the case sparked by the bankruptcy of the Girardi company.

But Chapter 7 administrator Elissa Miller said in a filing Tuesday that the stay was necessary for her to investigate whether the law firm’s assets had been fraudulently transferred to the reality TV star.

“Edelson’s motion will disrupt the administration of the GK estate by the GK trustee,” Miller wrote.

U.S. bankruptcy judge Barry Russell has scheduled a Nov. 2 hearing on the matter.

Miller declined to comment. Jay Edelson, founder and CEO of Edelson, said his company was working on a response to Miller’s case.

“One thing the trustee misunderstood is our company’s financial interest in this scandal,” Edelson said in an email. “We are not trying, as the administrator suggested, to ‘cut the line’. On the contrary, our point of view is that customers should first be paid. “

Erika Girardi, represented in the bankruptcy by Evan Borges of Greenberg Gross, opposed Edelson PC’s motion in a filing on Wednesday. Borges did not respond to a request for comment.

Lawyers for Tom Girardi and Girardi Keese have admitted in federal court that the settlement funds at issue in the Edelson lawsuit had not been distributed. Erika Girardi did not respond in this case, and lawyers did not appear in her favor.

Jason Rund, the Chapter 7 administrator overseeing Tom Girardi’s personal property, said in his own Tuesday filing that he had no objection to the Edelson Company suing Erika Girardi as long as Russell retains a “exclusive jurisdiction” to determine whether the assets of Erika Girardi actually belong. to her ex-husband.

The case is In re Thomas Vincent Girardi, US Bankruptcy Court for the Central District of California, 2: 20-bk-21020.

For Elissa Miller: Philip Strok, Kyra Andrassy and Timothy Evanston, by Smiley Wang-Ekvall

For Jason Rund: Timothy Yoo and Carmela Pagay by Levene Neale Bender Yoo & Brill

For Edelson: Rafey Balabanian from Edelson

For Erika Jayne Girardi: Evan Borges from Greenberg Gross

Read more:

Erika Jayne Girardi changes lawyer as Dinsmore leaves case again

Judge authorizes lawyer to investigate alleged transfers to Tom Girardi’s wife

Girardi, company forced to liquidate Chapter 7 while the judge weighs on the appointment of the guardian

Tom Girardi and reality TV star’s wife sued for alleged theft of Lion Air settlement funds

David thomas

David Thomas reports on legal affairs including law firm strategy, hiring, mergers and litigation. He is based in Chicago. He can be reached at d.thomas@thomsonreuters.com and on Twitter @ DaveThomas5150.

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Albany NY Bankruptcy Attorney – Chapter 7/11 Financial Legal Advice Service Launched http://lorodinapoli.org/albany-ny-bankruptcy-attorney-chapter-7-11-financial-legal-advice-service-launched/ http://lorodinapoli.org/albany-ny-bankruptcy-attorney-chapter-7-11-financial-legal-advice-service-launched/#respond Tue, 19 Oct 2021 19:19:53 +0000 http://lorodinapoli.org/albany-ny-bankruptcy-attorney-chapter-7-11-financial-legal-advice-service-launched/ Jafri Law Firm (+ 1-800-593-7491) announced a new service extension to better serve businesses in Albany, New York. Experienced bankruptcy lawyers give clients the advice they need to get a fresh start. Armonk, USA – October 19, 2021 – When a business is overwhelmed with debt, it can be difficult for staff to know what […]]]>

Jafri Law Firm (+ 1-800-593-7491) announced a new service extension to better serve businesses in Albany, New York. Experienced bankruptcy lawyers give clients the advice they need to get a fresh start.

When a business is overwhelmed with debt, it can be difficult for staff to know what to do. Jafri Law Firm’s latest service extension covers both Chapter 7, 11 and 13 bankruptcies, helping clients plan the right solution for their needs.

More information can be found at: https://www.jafrilawfirm.com/practices/bankruptcy

Industry research shows there have been over 21,000 cases of US companies filing for bankruptcy in 2020. This has been fueled by the ongoing pandemic, which has made it more difficult for businesses to operate. effectively. Jafri Law Firm’s extensive service aims to streamline the legal process for clients in this situation.

Business customers face a number of challenges when facing a bankruptcy situation. In many cases, creditors can call or threaten daily. Meanwhile, the company faces day-to-day administrative issues, such as how to meet employee salary demands and generate more sales.

While it is likely that a company going bankrupt will do so for the first time, the law firm Jafri has extensive knowledge of the legal process. The team covers all aspects of administration and paperwork to ensure clients don’t miss any important documents or processes.

Another key advantage is that they deal with creditors on behalf of the client. Combined with financial advice that can save money over time, the Jafri law firm gives clients peace of mind and alleviates their anxiety.

The firm’s intimate knowledge of bankruptcy law guarantees clients a greater chance of success in their case. Interested parties who are struggling to see a way forward are encouraged to get in touch to discuss their situation and goals.

A spokesperson for the law firm said: “Serious and trustworthy help is what you will find at Jafri Law Firm. Our firm has focused its practice exclusively on helping businesses cope with and overcome what appears to be insurmountable debt. Our goal is that you and your business can get a fresh start, reorganize your assets or even liquidate.

Potential customers can find out more at: https://www.jafrilawfirm.com/practices/bankruptcy

Contact information:
Name: Farva Jafri
Email: send an email
Organization: Jafri Law Firm
Address: 50 Evergreen Row, Armonk, NY 10504, USA
Phone: + 1-800-593-7491
Website: https://www.jafrilawfirm.com/

Version number: 89049686

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Victims Express Frustration at Pace of Archdiocese of Santa Fe Bankruptcy Case | Local News http://lorodinapoli.org/victims-express-frustration-at-pace-of-archdiocese-of-santa-fe-bankruptcy-case-local-news/ http://lorodinapoli.org/victims-express-frustration-at-pace-of-archdiocese-of-santa-fe-bankruptcy-case-local-news/#respond Sun, 17 Oct 2021 01:37:23 +0000 http://lorodinapoli.org/victims-express-frustration-at-pace-of-archdiocese-of-santa-fe-bankruptcy-case-local-news/ Letters sent to a federal bankruptcy judge for the Archdiocese of Santa Fe reflect impatience at the slowness of the case, which has dragged on for nearly three years. At least 16 letters have been addressed to US bankruptcy judge David Thuma since the Archdiocese filed for Chapter 11 bankruptcy in December 2018. Most of […]]]>

Letters sent to a federal bankruptcy judge for the Archdiocese of Santa Fe reflect impatience at the slowness of the case, which has dragged on for nearly three years.

At least 16 letters have been addressed to US bankruptcy judge David Thuma since the Archdiocese filed for Chapter 11 bankruptcy in December 2018. Most of them have been sent by the same two or three people, who have them. signed “Jane Doe” or “John Doe” or not signed at all. Nonetheless, the letters to Thuma seem to give voice to the victims or the victims’ relatives as the case drags on.

One of them urges Thuma to “deal with the bankruptcy case as soon as possible, so that all the victims can finally conclude and move on with their lives”. This letter was written in November 2019.

Around 385 victims, most of whom suffered child sexual abuse at the hands of priests, deacons and other members of the Catholic hierarchy, are represented by numerous lawyers. Nine of the applicants form a committee which also speaks on behalf of the victims.

Another letter to Thuma, written three months ago in a long scribble, says, “Nothing’s happening! The victims are frustrated by the stalled case. Help me please !!!!”

Reverend Glennon Jones, Vicar General of the Archdiocese of Santa Fe, wrote on the institution’s website in late September that he is raising money to pay the victims.

But Jones added: “Right now we are negotiating with the insurance companies that have covered the Archdiocese for those years named in the (many) claims; unfortunately it may take a while, but there is no way to speed it up. Sigh.”

The case went to its second mediator. Documents filed with Thuma and comments from lawyers this summer and fall indicate that several insurance companies in the Archdiocese are lacking in enthusiasm for large payments.

The Archdiocese raises funds through donations and property sales. An auction in August generated around $ 1.6 million, and a second auction of “non-essential” properties, such as vacant land donated by families, is expected to take place next month.

Ford Elsaesser, an Idaho-based bankruptcy attorney representing the archdiocese, said Thursday that “efforts to resolve this issue as quickly as possible are continuing.” He said the ongoing work with the insurance companies is confidential but essential to the case.

“And certainly the frustration of the survivors is understandable,” Elsaesser said. He said he has represented around 10 parishes, dioceses and archdioceses in bankruptcy cases.

Across the country, at least 29 Catholic dioceses and orders, including the Diocese of Gallup, have filed for bankruptcy in the sex abuse scandal. BishopAccountability.org recently reported that the Church has paid more than $ 3.2 billion in cases dating back many years. The nonprofit group behind the site said it had not been able to collect information on all of the settlements.

It is not uncommon for such cases to recur. For example, the Archdiocese of Milwaukee bankruptcy case lasted more than four years before being settled for $ 21 million for 330 victims, the Reuters news service reported.

In the Santa Fe case, victims’ lawyers accused the Archdiocese of attempting to withdraw money from its parishes and trust funds so that the money was inaccessible to victims. This complaint is pending.

“We continue to work in cooperation with the survivors committee,” Elsaesser said. “There haven’t been any contentious court hearings recently.”

It is not known how much money and insurance the Archdiocese is trying to collect. The participants in the case refused to disclose this. Thuma wrote in February that more than $ 150 million could be involved, and that was only a portion of the assets that victims could potentially receive.

In another letter to Thuma, a person who last year only signed with a drawing of a sad face said she was a victim who wanted to thank the judge “for having met all the lawyers. … Without the meetings, nothing would happen to end the bankruptcy.

Another woman wrote to Thuma in February to tell him she did not want to be part of the case. While she “was involved in an incident … I received numerous letters from lawyers regarding lawsuits against the Archdiocese,” she wrote.

The woman has called herself a “proud member” of a Catholic church in New Mexico for more than 70 years. She said she had no desire to participate in a lawsuit against the church.

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Resistance to J & J’s bankruptcy bet may be futile http://lorodinapoli.org/resistance-to-j-js-bankruptcy-bet-may-be-futile/ http://lorodinapoli.org/resistance-to-j-js-bankruptcy-bet-may-be-futile/#respond Fri, 15 Oct 2021 22:10:00 +0000 http://lorodinapoli.org/resistance-to-j-js-bankruptcy-bet-may-be-futile/ By Vince Sullivan (October 15, 2021, 6:10 p.m. EDT) – Lawyers for talc plaintiffs with claims against Johnson & Johnson are determined to challenge the company’s legally gray strategy of bankrupting a subsidiary with its billions of dollars. responsibility in talc, but experts say the battle will likely be difficult. Johnson & Johnson executed the […]]]>
By Vince Sullivan (October 15, 2021, 6:10 p.m. EDT) – Lawyers for talc plaintiffs with claims against Johnson & Johnson are determined to challenge the company’s legally gray strategy of bankrupting a subsidiary with its billions of dollars. responsibility in talc, but experts say the battle will likely be difficult.

Johnson & Johnson executed the deals needed to bankrupt a newly formed subsidiary Thursday night after months of strategy discussions, and plaintiffs’ lawyers say their clients are prepared to pursue numerous legal avenues to oppose the maneuvers of the company.

“They are pissed off,” Beasley Allen Crow’s Methvin Portis & Miles PC talc claimant lawyer Ted Meadows said of his …

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