Bankruptcy

The legal dispute between 50 Cent and Young Buck continues as 50 claims that Buck released work that was in violation of his contract before and after he filed for bankruptcy in January 2020.According to legal documents obtained by AllHipHop, 50’s legal team is asserting that Buck did not fulfill the requirements of his 2014 contract which 50 paid him $250,000 for. 50, who claims that he is owed two albums from Buck, wants that money back and is also accusing the rapper of not revealing royalties he received from the…

Filing for bankruptcy is complicated and sometimes difficult to understand. However, just because you don’t understand it doesn’t mean you can make up your own rules. We recommend hiring an attorney and carefully playing by the established rules. Do You Have to Disclose Cryptocurrency Holdings in Bankruptcy? Crypto, which includes a variety of digital currencies and “coins” like Bitcoin and Ethereum, is a largely misunderstood asset class. It’s something brand new (relatively speaking) and totally foreign to the…

Chinese conglomerate HNA Group Co. must pay its former business partner SL Green Realty Corp. about $185 million in a dispute over a bankrupt Manhattan skyscraper, an arbitrator said. The arbitrator, former judge L. Priscilla Hall, found that real-estate investment trust SL Green was entitled to a $184.6 million payment over an investment that it made in HNA Group’s 245 Park Ave., according to documents made public in a New York state court Friday. SL Green should also be reimbursed for $856,000 in…

The Russian subsidiary of US tech giant Google said Thursday it will file for bankruptcy after authorities seized its bank account following a series of spats with Moscow.Google has been under increasing pressure in Russia for several months and even more so after the start of President Vladimir Putin's military campaign in Ukraine at the end of February."Google Russia has published a notice of its intention to file for bankruptcy," a spokesperson for the company told AFP."The Russian authorities' seizure of Google…

on May 18, 2022…

Google’s Russian subsidiary will file for bankruptcy, according to a report from Reuters, with the company stating it can no longer keep the branch. The Russian branch reported making 134.3 billion roubles (about $2.086 billion USD) in Russia in 2021 and employed over 100 workers. “The Russian authorities’ seizure of Google Russia’s bank account has made it untenable for our Russia office to function, including employing and paying Russia-based employees, paying suppliers and vendors, and meeting other financial…

The Russian subsidiary of Alphabet Google plans to file for bankruptcy, saying it had become impossible for the company to pay employees and suppliers.Google LLC submitted a notice of intent to declare itself bankrupt, according to a message published Wednesday on Russia’s Fedresurs registry. A Google spokesperson separately said an earlier move by authorities to seize its bank account made continuing operations in the country impossible. The Russian subsidiary of AlphabetGoogle plans to file for bankruptcy, saying it…

Armstrong Flooring Inc., a publicly traded manufacturer founded in 1860, has filed for bankruptcy, saying it couldn’t raise prices enough to counter supply-chain disruptions and higher costs for materials and transportation. The Lancaster, Pa.-based company, along with subsidiaries AFI Licensing LLC, Armstrong Flooring Latin America Inc. and Armstrong Flooring Canada Ltd., filed for chapter 11 protection Sunday in the U.S. Bankruptcy Court in Wilmington, Del. In November, Armstrong warned about…