An area mall files for bankruptcy...again.
An area mall files for bankruptcy...again.
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!
An area mall files for bankruptcy...again.
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/]
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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!
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
Eric and Joe talk about stimulus aka bailouts and how the government may allow for states to file bankruptcy or they will need to bailout the city and states next
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Eric and Joe give am update on the latest Coronavirus news - bankruptcy starts in the oil fields and S+P puts $6.6 trillion of corporate debt on credit watch negative
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Treasury market not operating properly and Jim Cranmer's warns "they know nothing again" saying major bankruptcies coming without help for the federal government
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