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Avenatti to give up financial control of law firm after he's accused of hiding millions

Michael Avenatti agreed Wednesday to relinquish financial control of his longtime law firm hours after a former partner filed papers accusing him of hiding millions of dollars from the court that over... read more

Saudi court rejects conglomerate AHAB’s filing under bankruptcy law

A commercial court in Dammam has rejected an application by the conglomerate Ahmad Hamad Algosaibi and Brothers (AHAB) to settle its debt under a new Saudi bankruptcy law, AHAB told Reuters on ... read more

Michael Avenatti agrees to place law firm in receivership after former partner claims he hid money

has agreed to place his onetime law firm in receivership after a former partner alleged in court papers that he had hidden millions of dollars from the bankruptcy court. U.S. Magistrate Judge Karen E. ... read more

Avenatti surrenders control of longtime law firm amid allegations of ‘brazen acts of bankruptcy fraud’

From being accused of criminally conspiring against Supreme Court Justice Brett Kavanaugh to being called out publicly by his client Stormy Daniels and then later being evicted from his office, disgra... read more

State Law Dictates Who May File Bankruptcy For A Corporation

A prior Ask the Receiver discussed Sino Clean Energy Inc. by and through Baowen Ren v. Seiden, 565 B.R. 677 (Nev. 2017), where a district court’s affirmed of a bankruptcy court’s order dismissing a ba... read more

Court says Lakewood attorney who created fake child porn for expert witness work must pay $300,000 to victims despite bankruptcy

CLEVELAND, Ohio — A Lakewood attorney once known as an expert witness for defendants in child porn cases, and who digitally manipulated G-rated images and created child pornography for his work, must ... read more

Whiteford Taylor's Bankruptcy Team Adds Veteran In Delaware

"His decision to join us is a tremendous endorsement of our bankruptcy platform, and a signal moment for the firm." Paul Nussbaum, who worked with Abrams when both were young lawyers and is now chair ... read more

New Bankruptcy Law In Bahrain

On 30 May 2018, Law No. 22 of 2018 with respect to the Reorganization and Bankruptcy Law (the Bankruptcy Law) was introduced in the Kingdom of Bahrain (Bahrain), repealing Legislative Decree No. 11 of ... read more

Michael Avenatti Gives Up Control of Law Firm After Bankruptcy Fraud Claim

Michael Avenatti gave up control of his law firm on Wednesday to settle a dispute with a former partner who alleged he was draining its assets to finance a lavish lifestyle and avoid paying a $10 mill... read more

Avoiding Auto Repossession by Filing Chapter 13 Bankruptcy

So, if you're thinking about filing, be sure and talk to a bankruptcy attorney to go over all your options. You can avoid repossession for the time being if you file for bankruptcy, but, eventually, y... read more

City Opera Faces Its Biggest Challenge Since Bankruptcy

During the bankruptcy case, questions were raised about the viability of the reorganized company. A filing by the New York State Attorney General’s office noted that the pending bequests meant that th... read more

Promising beer-service technology firm files for bankruptcy

RBE is owed nearly $5.8 million, according to bankruptcy filings. The biggest unsecured creditors are First Financial Bank of Middletown, Ohio, which is owed $178,244, and Indianapolis law firm Bingha... read more