Bankruptcy Judge Freezes $2.4 Million In Assets For Ex-Operators Of Queen Mary

Long Beach Post reports that a federal judge froze $2.4 million in assets for Urban Commons Queensway founders, Taylor Woods and Howard Wu. This freeze in assets in based on Wu & Woods using COVID relief funds that were meant for the Queen Mary for "wrongful purposes." U.S. Bankruptcy Court Judge Christopher Sontchi stated [...]

By |2021-10-13T10:47:18-05:00October 14th, 2021|Bankruptcy, Bankruptcy Fraud, Chapter 11 Bankruptcy, Economy, High-Profile Bankruptcies, News|Comments Off on Bankruptcy Judge Freezes $2.4 Million In Assets For Ex-Operators Of Queen Mary

Tom Girardi’s Bankruptcy Trustee Sues Erika Jayne For $25 Million

In May 2021, we reported that Real Housewives of Beverly Hills star, Erika Jayne may be brought in to her estranged husbands bankruptcy case. Now, E! News reports that Jayne is being sued for $25 million by Tom Girardi's bankruptcy trustee, Elissa Miller. This lawsuits stems from Jayne alledgedly using the funds from Girardi's company [...]

By |2021-09-17T10:01:02-05:00September 20th, 2021|Bankruptcy, Divorce and Bankruptcy, High-Profile Bankruptcies, News|Comments Off on Tom Girardi’s Bankruptcy Trustee Sues Erika Jayne For $25 Million

Fyre Festival Attendees To Recover Nothing From Bankruptcy

The New York Post reveals that lawyers have collected a mere $1.4 million for the attendees of Fyre Festival after 4 years of trying to collect funds. After subtracting the funds for the legal team, attendees are to split $300,000. This will leave about 4 cents on the dollar for the ticket holders. Ticket [...]

By |2021-09-06T09:49:58-05:00September 6th, 2021|Bankruptcy, High-Profile Bankruptcies, News|Comments Off on Fyre Festival Attendees To Recover Nothing From Bankruptcy

How The Texas-Based “Poo-Pourri” Inventor Recovered From Two Bankruptcies And Became A Millionaire

Celebrity Net Worth reports that Poo-Pourri inventor Suzi Batiz had filed for bankruptcy twice before becoming a millionaire with a successful business. Batiz's first bankruptcy stemmed from her desire to have financial freedom and success due to her impoverished childhood. At 19, Batiz bought a bridal shop in Arkansas. Unfortunately, her business went under [...]

By |2021-07-28T09:23:08-05:00July 28th, 2021|After Bankruptcy, High-Profile Bankruptcies, News|Comments Off on How The Texas-Based “Poo-Pourri” Inventor Recovered From Two Bankruptcies And Became A Millionaire

Social Gloves Entertainment Rumored To Be Filing Bankruptcy After Failing To Pay Fighters

Sportskeeda reports that Social Gloves Entertainment may be filing for bankruptcy after failing to pay the fighters from the most recent Youtubers vs. TikTokers amateur boxing match. The headlining fight featured family vlogger Austin McBroom vs. TikToker Bryce Hall. Several other famous Youtubers and TikTokers went head to head in the boxing ring. Fans [...]

By |2021-07-12T11:53:38-05:00July 12th, 2021|Bankruptcy, High-Profile Bankruptcies, News|Comments Off on Social Gloves Entertainment Rumored To Be Filing Bankruptcy After Failing To Pay Fighters

TanaCon Organizer, Michael Weist, Files Chapter 7 Bankruptcy After Failed Convention

Yahoo! Entertainment reports that TanaCon organizer, Michael Weist, filed for bankruptcy after his company, Good Times Entertainment organized the failed social media convention. What Is TanaCon? Entrepreneur Michael Weist took on the last-minute social media convention, TanaCon, a convention hosted by popular YouTuber Tana Mongeau. Mongeau created TanaCon after the popular social media convention [...]

By |2021-06-30T09:10:29-05:00June 30th, 2021|Bankruptcy, Chapter 7 Bankruptcy, High-Profile Bankruptcies, News|Comments Off on TanaCon Organizer, Michael Weist, Files Chapter 7 Bankruptcy After Failed Convention

Brooks Brothers’ Previous Owner Sued Over Bankruptcy

Reuters reports that the previous billionaire owners of Brooks Brothers are being sued for driving Brooks Brothers into the ground rather than selling it in order to avoid paying millions of dollars to one of their investors. The investor, Tal Apparel, claims Claudio Del Vecchio and his son Mateo pressured Tal Apparel to invest [...]

By |2021-06-21T11:39:13-05:00June 22nd, 2021|Bankruptcy, Bankruptcy Fraud, Chapter 11 Bankruptcy, High-Profile Bankruptcies, News|Comments Off on Brooks Brothers’ Previous Owner Sued Over Bankruptcy

Alamo Drafthouse Back After Successful Chapter 11 Bankruptcy

The Hollywood Reporter reports that just months after having to close two beloved locations, the Alamo Drafthouse has emerged from Chapter 11 bankruptcy and will be opening 5 new theaters within the next two years! Back in March 2021, the Alamo Drafthouse had to file for bankruptcy. Just three months later, the chain now [...]

By |2021-07-12T11:50:47-05:00June 21st, 2021|After Bankruptcy, Chapter 11 Bankruptcy, Economy, High-Profile Bankruptcies|Comments Off on Alamo Drafthouse Back After Successful Chapter 11 Bankruptcy

How 7-Eleven Became Better Than Ever After Filing For Bankruptcy

CNBC reports on the growing success of the first convenience store, 7-Eleven. The 90-year-old convenience store launched its first Evolution store, a bigger and better version of the everyday convenience store. The Evolution store features a growler station with craft beer and a taco restaurant, along with the normal everyday items that convenience stores [...]

By |2021-06-03T09:49:01-05:00June 16th, 2021|After Bankruptcy, Chapter 11 Bankruptcy, High-Profile Bankruptcies|Comments Off on How 7-Eleven Became Better Than Ever After Filing For Bankruptcy

Sharks’ Evander Kane Says He Feels Relief Now That Bankruptcy Has Come To Light

Yahoo! Sports reports that Evander Kane, professional ice hockey left winger for the San Jose Sharks, says his bankruptcy coming to light brought him relief. Kane spoke to reporters about how dealing with the bankruptcy has been very stressful, but about how it was a relief to not try and hide it anymore. He [...]

By |2021-05-20T09:40:55-05:00June 7th, 2021|Bankruptcy, High-Profile Bankruptcies, News|Comments Off on Sharks’ Evander Kane Says He Feels Relief Now That Bankruptcy Has Come To Light
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