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    #bankruptcy

    Explore " #bankruptcy" with insightful episodes like "An area mall files for bankruptcy...again.", "In Re FTX Trading, oral argument in US Trustee appeal of non-appointment of an Examiner, Nov. 2023", "Season 2. Episode 6. FTX/Alameda U.S. bankruptcy court hearing recording audio. September 13, 2023. #crypto", "Season 2. Episode 4. FTX/Alameda U.S. bankruptcy court hearing recording audio. June 9, 2023. #crypto" and "Bankruptcy" from podcasts like ""The Morning News with Nancy and Jason", "International Bankruptcy, Restructuring, True Crime and Appeals - Court Audio Recording Podcast", "International Bankruptcy, Restructuring, True Crime and Appeals - Court Audio Recording Podcast", "International Bankruptcy, Restructuring, True Crime and Appeals - Court Audio Recording Podcast" and "Bookkeeping Centrum"" and more!

    Episodes (13)

    In Re FTX Trading, oral argument in US Trustee appeal of non-appointment of an Examiner, Nov. 2023

    In Re FTX Trading, oral argument in US Trustee appeal of non-appointment of an Examiner, Nov. 2023

    For news about this oral argument to the US Court of Appeals for the Third Circuit, see https://reorg.com/ftx-examiner-appointment-appeal/.


    Third Circuit Hears Argument in FTX Examiner Appointment Appeal; Parties Spar Over Whether Statute Is Mandatory, Sullivan & Cromwell Potential Conflicts of Interest


    Wed 11/08/2023 18:48 PM


    A three-judge panel of the U.S. Court of Appeals for the Third Circuit heard oral argument today in the appeal in the FTX Group cases by the Office of the U.S. Trustee of a bankruptcy court order denying its motion for the appointment of an examiner. The panel, consisting of Judges Luis Felipe Restrepo, Stephanos Bibas and Anthony Joseph Scirica, took the appeal under advisement without indicating the timing of their decision. The FTX Group debtors are seeking to confirm a plan in June 2024 and targeting a July 2024 effective date.

    The appeal was certified by U.S. District Judge Colm Connolly in the absence of controlling precedent regarding whether the appointment of an examiner is mandatory if the debt threshold in section 1104(c)(2) of the Bankruptcy Code is met. The statute provides that a bankruptcy court “shall” appoint an examiner to investigate the debtor “as is appropriate” if the UST or a party makes such a request and the debtors’ fixed, liquidated, general unsecured debts exceed $5 million. The UST’s mandatory interpretation of the statute is challenged by the FTX group debtors and the official committee of unsecured creditors, which argue that the appointment of an examiner is discretionary.

    Bankruptcy Judge John Dorsey found that he had discretion to deny the UST’s request for an examiner, citing to the “as is appropriate” phrase in the statute as the operative language. He decided that appointing an examiner would result in substantial costs and duplicate the parallel FTX investigations by the debtors, the UCC, federal prosecutors, regulators and Congress and thus denied the request...


    [for more see https://reorg.com/ftx-examiner-appointment-appeal/]

    Bankruptcy

    Bankruptcy

    Greetings, Bookkeeping Centrum Family, to your favorite weekly financial podcast. If your debts have become unmanageable or you're facing  foreclosure on your home, you might be thinking about declaring  bankruptcy. Which is a legal proceeding initiated when a person or business is unable to repay outstanding debts or obligations. So, as in every new episode, we will explain to you whatever you what signs of warning you should check out, and what to expect when facing this difficult procedure to know for understanding how to get to this desirable state in bussiness. Now. Check it out! 

    #16 - Disaster Management & Funding a Recovery

    #16 - Disaster Management & Funding a Recovery

    Another Perspective - July 20, 2020 - So many challenges face humanity at this most important juncture. Our economic system, already near the end of this long expansion, was abruptly halted with COVIV19. The economic toll of COVID is still unknowable, but likely to be greater than all recent wars combined. Now we have the planet and its natural calamities adding more fuel to the fire. 

    Are there solutions to be found amidst the problems of the day?  Can we see them, or will we continue to rely on centralized governments to fund/come to the rescue?

    Sometime soon, the primary tool that governments have to deploy for these challenges, their respective currencies, will fail to work. We need to be prepared for that eventuality.

    00:51 Central Banking Disaster Management Funding A Recovery.

    02:20 Will Gold Destroy The Federal Reserve

    05:43  How Will Chernobyl Turn Out

    15:45 How Is Money Created And By Whom

    Huge Jump in Business Bankruptcies Likely in Coming Months, and How It Will Affect the U.S.

    Huge Jump in Business Bankruptcies Likely in Coming Months, and How It Will Affect the U.S.
    Leslie begins the hour with her 'Ripped from the Headlines' news segment. Here are the stories that she covered during the segment: 1. NBC NEWS: "U.S. passes 1 million cases of COVID-19" 2. WASHINGTON POST: "President’s intelligence briefing book repeatedly cited virus threat" 3. WASHINGTON POST: "The U.S. plans to give $500 billion to large companies. It won’t require them to preserve jobs or limit executive pay." 4. AXIOS: "Mnuchin says SBA will do "full review" of PPP loans over $2 million" 5. AXIOS: "Coronavirus is tied to climate and biodiversity crises" 6. CNN: "Arizona GOP chair encourages anti-stay-at-home protesters to dress like health care workers" 7. THE DAILY BEAST: "Pence Flouts Mask Policy While Visiting Staff, Patient at Mayo Clinic" She's then joined by Toddy Duffy, Co-Founder of the Law-Firm DuffyAmedeo LLP. Todd attended law school at St. John’s University School of Law and obtained his law degree in two and a half years. After law school, he clerked for Chief Judge Stephen D. Gerling of the Northern District of New York Bankruptcy Court. After his clerkship, Todd was associated with several large Manhattan firms and participated in many of the largest and most complex bankruptcy cases in the last twenty years. Todd is also a past Chair of the Bankruptcy Committee of the New York County Lawyers’ Association. Leslie and Todd discuss the "flood of business bankruptcies" being "likely in coming months," as reported by the Associated Press. Todd explains why, especially during a disaster like the COVID-19 pandemic, bankruptcy does not signify that a business is a failure. Rather, it is a tool that a business can use to level the playing field amid the economic fallout from a disaster that they had no hand in making. Todd's website is DuffyAmedeo.com and his Twitter handle is @ToddEduffy.