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New Orleans Man Pleads Guilty to Concealment of Bankruptcy-Related Assets

Joshua Borges of New Orleans pleaded guilty to one count of Concealment of Assets, in violation of Title 18, U.S. Code, Section 152(1), before U.S. District Judge Carl J. Barbier, announced U.S

Ships Pile Up in West Coast Ports in Labor Fight, Threatening Supply Chain

Ships are piling up in some West Coast ports, and commercial shipping prices are spiking, amid a labor fight between port operators and workers that is threatening to trigger a new round of supply

White House Prepares for Possibility Supreme Court Could Kill Student Loan Forgiveness Plan

Biden administration officials are quietly planning for the possibility that the Supreme Court could strike down President Biden’s sweeping student loan forgiveness program, the Wall Street Journal

Tomorrow: Judges, Practitioners and Trustees to Provide Testimony on Experiences with Subchapter V at First Virtual Public Hearing of ABI's Subchapter V Task Force

ABI’s Subchapter V Task Force will hold its first virtual public hearing at 3 p.m. ET on Friday, June 9, to receive witness testimony from bankruptcy judges, practitioners and subchapter V trustees on

Blackstone’s TeamHealth Weighs Debt Proposals, with $1 Billion in Loans Coming Due

Blackstone-owned TeamHealth has received a pair of competing offers from two of its biggest creditors that are giving the struggling physician-staffing company starkly different options to repay over

Binance CEO's Trading Firm Received $11 Billion via Client Deposit Company, SEC Says

Merit Peak, an offshore trading company controlled by Binance CEO Changpeng Zhao, received around $11 billion of client assets through a Seychelles-based firm set up to take customer deposits, a U.S

Analysis: SEC’s Gary Gensler Had Crypto in His Sights for Years. Now He’s Suing Binance and Coinbase

In two years of running the Securities and Exchange Commission, Gary Gensler said that he or his staff met dozens of times with cryptocurrency exchanges that were seeking special exemptions from the

Texas Hospital Lays Off Workers in 28 Departments

White Rock (Texas) Medical Center has laid off 30 workers across 28 departments, including clinical and administrative roles, Becker's Hospital Review reported. An internal memo to the hospital's

April Consumer Credit Growth Accelerates to Fastest Pace in Five Months

Total consumer credit rose $23 billion in April, up from a revised $22.8 billion gain in the prior month, the Federal Reserve said yesterday, MarketWatch.com reported. That translates into a 5.71%

Florida’s Home Insurance Rates Rising Faster than Any State, Nearly Triple U.S. Average

Anyone in Florida who has opened a home insurance bill in the last few years knows premiums have been skyrocketing. New estimates from a data analysis company shows they’ve actually been rising faster