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In'In re Gaither,' the U.S. Bankruptcy Court for the District of South Carolina held that Bankruptcy Code Section 544(b) permitted a trustee to step into the shoes of the Internal Revenue Service ...
Harrington v. Purdue Pharma L.P., 603 U.S. 204 (2024), is a United States Supreme Court case regarding Chapter 11 of the Bankruptcy Code. [1] The case addressed the 2022-2023 Purdue Pharma bankruptcy settlement and whether, under Chapter 11 of the Bankruptcy Code, a release extinguishing claims held by nondebtors against nondebtor third parties, without the claimants’ consent could move forward.
Just for Feet – bankrupt in 1999, acquired by Footstar, final stores closed in 2004; MC Sports – filed for bankruptcy and closed in 2017; Modell's Sporting Goods – first store opened in 1889. On March 11, 2020, the company filed for bankruptcy, and announced it would close all 115 stores.
The chain filed for its second bankruptcy and liquidation on August 7, 2019, [13] closing the remaining 54 stores [14] with plans to auction its intellectual property. [15] ALDO filed for bankruptcy on May 7, 2020, citing repercussions related to the COVID-19 pandemic as to why. [16] The shoe chain emerged from bankruptcy two years later. [17]
Purdue Pharma's creditors sought permission from a U.S. bankruptcy court on Monday to sue the company's wealthy owners, arguing that the litigation can serve as both a negotiating tool and a ...
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The company entered Chapter 11 bankruptcy in March 2004, during which the Just for Feet chain was shut down [4] and FootAction USA was sold to Foot Locker Inc. [5] Footstar emerged from bankruptcy on February 6, 2006.
At the time he was retained as a $200-per-hour consultant by the bankruptcy trustee, Brokaw had lodged claims in the bankruptcy case alleging that he was owed more than $15,000 in unpaid wages as ...