Tag Archives: Bankruptcy

Judge upholds PPP bankruptcy ban against Annapolis firm

A federal judge Wednesday upheld the SBA's decision to reject an Annapolis firm's PPP loan application because  the firm's owner is seeking bankruptcy protection. (The Daily Record/File Photo)

The U.S. Small Business Administration lawfully rejected Tradeways Ltd.’s request for a paycheck protection loan because the Annapolis-based defense company’s owner is seeking bankruptcy protection, a federal judge ruled Wednesday. U.S. District Judge Ellen L. Hollander called the SBA’s prohibition ...

Read More »

Top Baltimore attorney files for bankruptcy after horse business fails

Baltimore litigator Jay D. Miller, of the Law Offices of Peter Angelos. (The Daily Record / File photo)

Prominent Baltimore litigator Jay D. Miller, of the Law Offices of Peter Angelos, has filed for personal bankruptcy after his horse-racing business failed and he wound up with nearly $1 million in unpaid taxes. In a Chapter 7 bankruptcy filing ...

Read More »

Insys bankruptcy could complicate some Md. opioid cases

Maryland Attorney General Brian E. Frosh said the Maryland Court of Appeals’ erroneous ruling struck down a state agency’s valid determination that a convicted human trafficker must register because his victim was a child. (File photo)

Insys Therapeutics’ decision to declare bankruptcy last week won’t halt Maryland’s administrative charges against the opioid manufacturer but could affect lawsuits by cities and counties currently pending in state and federal court. Insys, which manufactures the opioid spray Subsys, filed ...

Read More »

Bankruptcy judgment entered after ‘astonishing’ discovery violations

11a BANKRUPTCY 2up copy

A couple accused of running mortgage fraud schemes committed such “astonishing” discovery violations that the sanction imposed by a federal judge last week was a final judgment in the case. Vincent L. Abell, his wife, Marta Bertola, and their company, ...

Read More »

MVLS program aims to help low-income debtors avoid filing for bankruptcy

Susan Francis of Maryland Volunteer Lawyers Service. (File photo)

For individuals who are living on a fixed income, are unable to pay off their consumer debt or are fending off frequent calls from creditors or debt collection agencies, filing for bankruptcy often seems like the only option. Many of ...

Read More »

Squabble over Caesars bankruptcy day not priority for judge

Caesars Entertainment Operating Co. opened a multiday trial to determine the exact date it went bankrupt, a question that could threaten a $468 million claim senior lenders have made on the casino company’s cash and affect talks with lower-ranking creditors. ...

Read More »

50 Cent’s bankruptcy papers show 7 cars, businesses in red

HARTFORD, Conn. — Rapper 50 Cent owns seven cars valued at more than $500,000 and pays $72,000 a month to maintain his Connecticut mansion, according to bankruptcy court filings. His businesses, however, posted losses of more than $10 million last ...

Read More »