Bankruptcy, Foreclosure & Loan Modification Posts in December, 2017

Twin Cities Archdiocese Bankruptcy Plan Rejected

In late December 2017, federal bankruptcy judge Robert Kressel rejected the settlement plan put forth by the Archdiocese of Minneapolis & St. Paul. The Archdiocese of Minneapolis & St. Paul originally filed for bankruptcy in 2015 as it faced allegations of sexual abuse. In rejecting the plan, the judge required the archdiocese to renegotiate its settlement plan to include all parties entitled to recover compensation from the settlement....
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What to do if You Receive a Gift Card for a Retailer Facing Bankruptcy

Over the past decade, gift cards have become a popular holiday present. Giving gift cards is easy – they are small, so there is not much wrapping required, and because they permit the recipient to purchase whatever he or she likes from the retailer, they eliminate the pressure to choose a gift the recipient will like....
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Charming Charlie to Close Six Illinois Stores Through Bankruptcy

Charming Charlie, a popular accessories retailer with 375 locations throughout North America, is planning to shutter six of its 15 Illinois stores after receiving approval to do so as part of a bankruptcy restructuring plan from the court. It did not disclose when it would close these locations, only that they would be part of a larger closing plan that will eliminate 75 of the company’s existing locations....
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  • Newland & Newland LLP, Attorneys, Arlington Heights, IL