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In re Garlock Sealing Technologies, LLC is a court case heard in the United States District Court for the Western District of North Carolina which involves the entry into bankruptcy proceedings by Garlock Sealing Technologies, once a manufacturer of coated asbestos gaskets, as a result of potential liability from current and future settlements. [1]
Originally, bankruptcy in the United States, as nearly all matters directly concerning individual citizens, was a subject of state law. However, there were several short-lived federal bankruptcy laws before the Act of 1898: the Bankruptcy Act of 1800, [3] which was repealed in 1803; the Act of 1841, [4] which was repealed in 1843; and the Act of 1867, [5] which was amended in 1874 [6] and ...
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) (Pub. L.Tooltip Public Law (United States) 109–8 (text) (PDF), 119 Stat. 23, enacted April 20, 2005) is a legislative act that made several significant changes to the United States Bankruptcy Code. Referred to colloquially as the "New Bankruptcy Law", the Act of ...
October 11, 2022 at 6:30 AM. USFWS/Creative Commons. After its sudden closure amid lawsuits and an avalanche of complaints, the North Carolina solar energy company Pink Energy has filed for ...
From January 2017 through June 2022, North Carolina hospitals sued 7,517 patients and their family members to collect medical debt, according to a study by Duke University School of Law faculty ...
Haas earlier this week cited growing support for J&J's proposed bankruptcy settlement, including from lawyers representing more than 70,000 claimants. That figure includes claimants who have not ...
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