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Alpha Media Gets OK For $267M Chapter 11 Plan
Law360 (April 1, 2021, 5:09 PM EDT) A Virginia bankruptcy judge on Thursday approved radio chain Alpha Media s $267 million Chapter 11 plan, overruling arguments by the U.S. Trustee s Office that creditors weren t given sufficient opportunity to reject the plan s legal releases.
At a virtual hearing, U.S. Bankruptcy Judge Kevin Huennekens signed off on Alpha Media s restructuring plans over the U.S. trustee s objections, noting that most of the creditors the trustee said should have been better informed of their ability to opt out of the legal releases have no reason to object to the plan.
The U.S. Trustee's Office is asking a Texas bankruptcy judge to reject a call by a National Rifle Association vendor to place new members on the unsecured creditors committee in the NRA's Chapter 11 case, saying the current membership spread is more than fair to all creditors.
NRA Shows their Petticoats, and the US Trustee Objects to Brewer Ammoland Inc. Posted on
NRA Shows their Petticoats, and the US Trustee Objects to Brewer, iStock
U.S.A. –-(AmmoLand.com)- The judge in the NRA’s Chapter 11 bankruptcy case, has set March 9th, 2021, as the date for hearing most of the early motions. That’s the day when we should find out whether the judge is going to throw the case out altogether or allow it to continue.
The first item on the agenda for that hearing is supposed to be Phil Journey’s motion to have an Examiner appointed to investigate the litany of accusations made against the Association’s executives and officers. Journey was elected to the NRA Board last year and raised the ire of NRA leadership with his motion. That was followed by a motion from Ackerman McQueen, calling for the bankruptcy to be dismissed, or if not dismissed, for a Trustee to be appointed. That motion was echoed the next day in a motion from the NY AG’s office.
North Texas woman sentenced to federal prison for bankruptcy fraud scheme (Source: Raycom News Media) By KLTV Digital Media Staff | January 21, 2021 at 3:16 PM CST - Updated January 22 at 1:19 AM
SHERMAN, Texas – A 47-year-old Arlington woman has been sentenced to federal prison for a bankruptcy fraud scheme in the Eastern District of Texas.
Cotriena Machelle Embers pleaded guilty on August 10, 2020 to bankruptcy fraud, wire fraud and aggravated identity theft and was sentenced to 42 months in federal prison today by U.S. District Judge Amos Mazzant. The judge left open the possibility of ordering restitution to the identity theft victim in the case.
The U.S. Trustee's Office asked a Delaware bankruptcy judge Monday to reject Mallinckrodt's pre-petition proposed fee agreements with its restructuring professionals, including Paul Weiss Rifkind Wharton & Garrison LLP and Gilbert LLP, arguing that the drugmaker hasn't fixed the deficiencies that caused the judge to reject its previous fee request.