Category: Story
Top 10 Celebrities Who Filed Bankruptcy
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Going through a bankruptcy can be a stressful and time-consuming situation. We at The Weller Legal Group are here to help make the bankruptcy process easier and more efficient for you and your family. In this article we are going to talk about 10 celebrities who have filed for bankruptcy in their lifetimes. Mike Tyson…
STAND YOUR GROUND IN CLEARWATER, FL
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** BACK IN THE NEWS ** The accused killer of Markeis McGlockton, Michael Drejka, went back to criminal Court in Pinellas County on Thursday to seek a reduction in his $100,000 bail. The request – in a hearing described by the St Petersburg Times as feeling “more like a trial” – was denied. Drejka is…
Standing Your Ground In Clearwater, Fl
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Clearwater, Florida is normally a quiet community that does not appear in the pages of national newspapers or on the nightly news broadcasts. Ordinarily, Clearwater’s “fame” centers on its laid-back lifestyle, pristine beaches, and a reputation for being a destination for vacationers and “snowbirds” seeking warmth in the winter and a place to frolic when…
The Millennial Generation: “Selfish Slackers” or Next Modernist Generation?
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Who are the “Millennials”? According to a recent study by the Pew Research Center, “Anyone born between 1981 and 2000 (ages 18 – 37 in 2018) is considered to be a Millennial… anyone born from 2001 onward will be part of a new generation”. As stated on its website, the Pew Research Center is…
Leveraged Buyouts… Bain Capital… And The “Art” Of Bankrupting Companies
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lev·er·aged buy·out ˌlev(ə)rijd ˈbīˌout/ – noun Plural noun: leveraged buyouts The purchase of a controlling share of a company by its management, using outside capital A leveraged buyout (“LBO”) is the acquisition of one company (or division of a “target” company) by another outside company using a significant amount of borrowed money to finance the…
Gibson Brands, Inc. DBA Gibson Guitars Files For Chapter 11 Bankruptcy Protection
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*** UPDATE TO PREVIOUS ARTICLE *** Ending months of speculation concerning the future of the once iconic guitar manufacturing company, Gibson Brands, Inc., the parent of Gibson Guitars, filed for Chapter 11 Bankruptcy protection earlier this week. The Nashville, TN-based company is said to have in excess of $100 million in outstanding debt (some reports…
Connecticut – a Legacy of Debt and the Possibility of Chapter 9 Bankruptcy
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The State of Connecticut ended the 2017 fiscal year on a note of financial doom. As of the end of December, 2017, the state had the most underfunded pension system in the nation with over $127 billion in government-worker pension liabilities and no viable plan to institute needed reforms. Public-Worker Pensions – The BIG Problem:…
The Weinstein Company Files For Chapter 11 Bankruptcy After 5-Month Delay
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****** MARCH 20218 UPDATE ****** BREAKING NEWS THE WEINSTEIN COMPANY FILES FOR CHAPTER 11 BANKRUPTCY AFTER 5-MONTH DELAY The Weinstein Company – founded by embattled movie mogul Harvey Weinstein and his brother Bob Weinstein in 2005 – has officially filed for Chapter 11 bankruptcy in a Delaware bankruptcy court. Media reports indicate that the filing…
Harvey Weinstein / The Weinstein Company – Chapter 11 Bankruptcy in the Offing as Sale Talks Fail
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“Born under a bad sign, been down since I began to crawl if it wasn’t for bad luck, I wouldn’t have no luck at all…” (“Born Under a Bad Sign” -Original Version, Albert King, 1967; covered by Cream, 1968) Today, Albert King’s song might seem like the “anthem” of (former) movie mogul Harvey Weinstein, and,…
Hcr Manorcare, Inc. – $7 Billion In Debt – Files For Chapter 11 Bankruptcy
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HCR Manorcare, Inc., the second largest nursing home operator in the United States, has filed a voluntary petition for Chapter 11 Bankruptcy. The Toledo, Ohio-based company has $7 billion in debt.. Informed sources say the Chapter 11 petition is part of a pre-arranged debt-for-equity swap deal whereby ownership of the HCR will be transferred to…
Remington Outdoor, Co. (Remington Arms) Set To File Chapter 11 Bankruptcy
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Iconic arms manufacturer Remington Outdoor Company (operated for nearly two hundred years as the Remington Arms Company) is on the brink of filing a voluntary petition for Chapter 11 bankruptcy. Remington Outdoor is headquartered in Madison, NC. The company’s original intent was to begin solicitation for the plan on March 5, 2018, with the bankruptcy…
DOCTOR DAVID DAO
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On April 9, 2017, Dr David Dao became known nationally and internationally as the “Chinese” doctor who was forcefully removed from a United Airlines flight 3411 departing Chicago, Illinois for Louisville, Kentucky. There are a number of strange occurrences relating to the story of Mr. Dao and his removal, not the least of which is…