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Top News In ஒன்றுபட்டது மாநிலங்களில் திவால்நிலை நீதிமன்றம் Today - Breaking & Trending Today

Prairie Village man sentenced to 12 years for $7.3 million dollar payday loan fraud, $8 million tax evasion

Prairie Village man sentenced to 12 years for $7.3 million dollar payday loan fraud, $8 million tax evasion
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Limetree Bay Files for Chapter 11 - Press Release

Limetree Bay Refining, LLC and several of its affiliates (collectively, “Limetree Bay” or the “Company”) today announced that Limetree Bay has filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (the “Court”). Limetree Bay intends to use the Chapter 11 process to engage in discussions with its lenders, creditors, equity owners and others to evaluate options to maximize the value of the estate and recoveries for stakeholders, including exploring a potential sale of its assets.
Limetree Bay has received commitments for up to $25 million in new debtor-in-possession financing that, upon court approval, is expected to provide sufficient liquidity to meet ongoing business obligations related to the maintenance of the refinery during the Chapter 11 process. ....

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Court Rules That Litigation Trust Does Not Have To Pay Quarterly Fees To U.S. Trustee | Fox Rothschild LLP

Court Rules That Litigation Trust Does Not Have To Pay Quarterly Fees To U.S. Trustee | Fox Rothschild LLP
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Pipeline Foods Voluntarily Files Chapter 11 Bankruptcy

FRIDLEY, Minn., July 9, 2021 /PRNewswire/ Pipeline Foods, LLC today announced that it and certain subsidiaries and affiliates (collectively, the Company or Pipeline Foods ) have filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the Bankruptcy Court ).
Details on the Company s Chapter 11 process and go-forward strategy are as follows:
Continued Operations: The Company will be filing customary motions with the Bankruptcy Court that will authorize, upon Bankruptcy Court approval, the Company s ability to operate within a cash collateral budget, including, among other things, the payment of employee wages and benefits without interruption and the use of cash collateral. These motions are typical in the Chapter 11 process and the Company anticipates that they will be approved shortly after the commencement of its Chapter 11 case. ....

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Executory Contracts: Third Circuit Does Not Recognize the Doctrine of Implied Assumption | Patterson Belknap Webb & Tyler LLP

Executory Contracts: Third Circuit Does Not Recognize the Doctrine of Implied Assumption | Patterson Belknap Webb & Tyler LLP
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