Bielli & Klauder selected as Committee Counsel in XTL-PA, Inc. and XTL, Inc. Bankruptcy Cases
Bielli & Klauder, LLC is proud to report that it was selected as counsel to the Official Committee of Unsecured Creditors in the XTL-PA, Inc. and XTL, Inc. bankruptcy cases. The selection is pending approval of the United States Bankruptcy Court for the Eastern...
read moreBielli & Klauder, LLC Aids Short Bark Industries, Inc. in the Sale of Its Assets to Point Blank Enterprises, Inc.
With the help of Bielli and Klauder, LLC, in October of 2017, Short Bark Industries Inc. finalized a sale of substantially all of its assets to Point Blank Enterprises, Inc.. The sale took place following Short Bark’s Chapter 11 Bankruptcy filing with the U.S....
read moreThe Rooker-Feldman Doctrine’s Impact on Challenging State Court Judgments in Bankruptcy
The Rooker-Feldman Doctrine can block re-litigating of some state court judgments, but only in certain circumstances.
read moreBielli & Klauder, LLC Confirms Chapter 11 Reorganization Plan for a National Telecommunication Engineering and Maintenance Services Provider
The company filed chapter 11 bankruptcy in the Fall of 2016 with almost $6,000,000.00 in liabilities, the majority of which consisted of claims for unpaid taxes and factored receivables. By filing a chapter 11 bankruptcy, the debtor was able to continue operating and...
read moreBankruptcy Court Determines that Parent Plus Loan Payments to PSU are Not Fraudulent Transfers
Depending on the nature and timing of a transfer by an individual or entity that later files bankruptcy, a bankruptcy trustee may have the right to have whatever property of the now-debtor returned. This creates the potential for transfers of property or payments of...
read moreDevelopments Relating to Third Party Releases in Chapter 11 Bankruptcies
The bankruptcy matter In re Millennuium Lab Holdings II, LLC, et al. (District of Delaware Case No. 15-12284-LSS) recently resulted in some non-binding guidance on a growing issue in chapter 11 bankruptcy cases - third party releases. Background Chapter 11 plans...
read moreIn the News: Filip Technologies, Inc. Plan Confirmed
Law360 was in the courtroom on Thursday covering the confirmation hearing in the Filip Technologies, Inc. chapter 11 case, which is a current client of our firm that developed technology for parents to track the location of their young children. Judge Gross was...
read moreSeizure/Garnishment of Government Benefits
While the reasons that motivate a person to file for bankruptcy vary widely, one of the most common is to protect an asset. Depending on the nature of the asset, unpaid creditors may try to access it through either garnishment or seizure. Cash assets, including wages...
read moreFraudulent Transfers
Throughout the bankruptcy process, the financial activity of the debtor will be subject to examination by the trustee and by creditors. In most cases, the examination consists of the trustee reading though the documents filed by the debtor and asking questions at a...
read moreNon-Dischargeable Debts
Chapter 7 is the most common type of bankruptcy that an individual will enter into. Chapter 7 bankruptcies also come the closest to matching the concept of bankruptcy that most people who have never gone through the process have. In a chapter 7, an individual...
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