The 46-year-old was allegedly in financial difficulties and facing
bankruptcy petition when her husband received the proceeds from Mr Woolfeden's will, it was said.
"It's the most efficient tool to liquidate the company and collect the claims," said Dan Sklar, the attorney who filed the involuntary
bankruptcy petition on June 27 in federal court in Manchester.
When a Limited Liability Company (LLC) is experiencing financial difficulties, filing a voluntary business
bankruptcy petition in the United States Bankruptcy Court may be necessary in order to reorganize and restructure the LLC's financial affairs.
Trade and other unsecured creditors concerned about a debtor's nonpayment of their claims may consider joining an involuntary
bankruptcy petition against that debtor.
Sedor allegedly filed a
bankruptcy petition for a client on Sept.
Paul Gair, partner at TLT, said, "We can confirm that we presented a
bankruptcy petition against Dr Mallya on behalf of the banks on 11 September 2018." TLT LLP, the UK-based law firm which had won a landmark case for the 13 banks led by State Bank of India (SBI) earlier this year, confirmed on Monday that their
bankruptcy petition against the 62-year-old businessman has been transferred to the insolvency list in London's High Court of Justice for a hearing in the first half of 2019.
The specific question before us is whether summary judgment was properly granted to the Individual Sellers on the grounds that no individual creditor had a viable state law claim as of the date of the
bankruptcy petition filing because the statute of limitations on any such claims had run.
MGTF Radio Company -- the entity created by the sons of veteran Pittsburgh radio station owner Saul Frischling -- on the morning of March 20 filed a
bankruptcy petition in U.S.
SUBSTITUTED SERVICE OF
BANKRUPTCY PETITION In the NEWCASTLE UPON TYNE County Court 0024 of 2018 MS RHODA G HUTTON T/A A B C SERVICES last known address 2 Axwell Park Road, Blaydon-On-Tyne.
He said Yorke owed HM Revenue & Customs PS1.5m and was the subject of a
bankruptcy petition.
But the document acknowledges that the filing of criminal complaints by PNB regarding allegations of"unauthorised loans"to Nirav Modi and affiliated foreign companies were the"events leading"to the filing of the
bankruptcy petition. The only banks mentioned as creditors are HSBC and Israel Discount Bank (IDB), which have outstanding loans totaling $20 million to two of the companies.
Contractors LLC, according to his
bankruptcy petition filed in U.S.