bankruptcy filing

Minnesota hog farms say they were fleeced by Windom pork plant’s bankruptcy

The HyLife pork plant in Windom, Minn., owes money to an increasingly long list of creditors that now includes hog farmers, according to bankruptcy filings.

On May 12, attorneys for farmer Greg Strobel filed a court document in Delaware testifying that his farm transferred hogs to HyLife Foods in Windom the same day the pork slaughterhouse filed for bankruptcy.

More of his hogs were delivered into HyLife’s possession the next day, April 28. The Pemberton, Minn., farmer, and many others like him, have yet to be paid for those deliveries as the list of HyLife’s creditors grows in bankruptcy court.

HyLife owes Strobel more than $950,000, his attorneys said in a court filing, “Strobel Farms operated under the Agreement and delivered [hogs] to [HyLife] on April 27 and 28.”

The fallout from HyLife Windom’s sudden demise — including a shortfall in the local school’s funding, an unfinished housing project and the city’s wastewater treatment upgrades — continues to ripple throughout the region.

More than 1,000 workers will likely be laid off at the start of June, and bankers, contractors and electricians who are owed money are filing petitions in the pork processor’s bankruptcy case, seeking to claw back what

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May 27, 2023 by ATTORNEY

Modern Vascular files for bankruptcy following Republic investigation

Modern Vascular files for bankruptcy following Republic investigation

Every morning Charles Raymond realizes how much he lost.

He prioritizes God, family and work. He’s 66, he was successful in business, and he has supported eight kids. 

He has a tiger tattoo on his right forearm, a dragon on his left. Inspired by Bruce Lee, he’s a kung fu fighter who feared no evil thanks to his potent kick.

Then he went to Modern Vascular.

After eight surgeries, which he says weren’t all necessary, his left leg was damaged. Other doctors tried to save it. But ultimately, it was amputated.

He’s grown dependent on his wife of 42 years. But she was driven from their bed because he wakes in the night screaming in pain.

When morning comes, the 6-foot-2 former college football player has to remember he’s missing a leg. He has forgotten before, and he fell.

He twists into his wheelchair and maneuvers to the bathroom, squeezing through a narrow doorway to get to the toilet. 

To get to breakfast in the kitchen, he grinds his wheelchair over carpet in his Glendale home. The resistance feels like lifting weights.

Still, he has energy for a fight.

He saw Arizona Republic stories about Modern Vascular that revealed the

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May 25, 2023 by ATTORNEY

South Loop Hotel Owners File for Bankruptcy

Owners of the Chicago South Loop Hotel have filed for Chapter 11 bankruptcy protection as their property faces foreclosure, much to the dismay of its loan servicer.

Rialto Capital Advisors initiated foreclosure proceedings in Illinois federal court in September, alleging nonpayment on a $6.8 million commercial mortgage-backed securities loan initially issued in 2013 that is set to mature in 2028. Attorneys for the 231-room hotel’s owners, Louis Dodd and Vickie White, filed a bankruptcy petition on Feb. 27, court records show.

Attorneys for Rialto responded March 8 by asking the court to dismiss the bankruptcy petition, calling it improper and in bad faith. Rialto’s filing claims Dodd and White made the bankruptcy filing just hours after both parties in the foreclosure case had agreed upon a receiver for the property following almost three months of negotiations and thus prevented the order appointing the receiver from being entered in court, according to public records.

Additionally, the motion to dismiss claims that the bankruptcy filing was made without proper corporate authorization and that Dodd and White have no ability to confirm a reorganization plan for Chapter 11 bankruptcy. Rialto did not respond to a request for comment. An attorney for the

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March 29, 2023 by ATTORNEY

Attorney for alleged abuse victim reacts to bankruptcy filing

ALBANY, N.Y. (NEWS10) — Reactions continue to come in after the Albany Catholic Diocese filed for Chapter 11 bankruptcy. Lawyers for some of the alleged sexual abuse victims said they disagree with claims from diocese leaders that they are running out of money.

Attorney Cynthia LaFave told NEWS10 that the diocese controls more than $600 million in assets. She believes the bankruptcy filing is simply meant to delay the hundreds of unsettled cases because legal action against the diocese cannot move forward until the bankruptcy proceedings are resolved.

“Now, we find that the cowardly diocese is putting itself into a bankruptcy because it wants to hide a little more and not pay a little more,” she said.

Attorneys said a committee of alleged victims will negotiate a settlement with the diocese in bankruptcy court. It’s unclear when those proceedings will take place.

The bankruptcy filing also means litigation over the Saint Clare’s Hospital pension has been paused. Mary Hartshorne, a leader for the former hospital employees, said their attorneys are now working with bankruptcy lawyers to discuss how to move foward.

Hundreds of hospital workers lost their pensions in 2018 and have joined a lawsuit from the New York Attorney

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March 17, 2023 by ATTORNEY

Bankruptcy Lawyer: Everything You Need to Know

If you find yourself needing to file for bankruptcy, you’ll need an advocate to guide you through this complex process. This is where a bankruptcy lawyer comes in. Filing for bankruptcy is a way for individuals to obtain protection from creditors and can provide relief from some or all of a person’s debt obligations. 

Chapter 7 vs. Chapter 13: What’s the difference?

There are two main types of bankruptcy filings: Chapter 7 and Chapter 13. Chapter 7 involves the discharge of most unsecured debts such as credit cards, medical debt and personal loans by the court. Debt such as student loans, alimony and child support as well as tax debt will not be discharged under Chapter 7. This type of filing is often called a “second chance” as it can provide relief from these unsecured debts providing an opportunity to restructure your financial situation.      

Chapter 13 generally involves a reorganization of your debts in a fashion that will allow you to repay them and get current. There is generally a 3-5 year time limit on the reorganized payments and debtors can usually work it out to keep their primary residence. 

In either case, the rules can be very complex, there

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February 11, 2023 by ATTORNEY
December 2024
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