The Elder Statement : Files For Bankruptcy

Showing posts with label Files For Bankruptcy. Show all posts

Thursday, March 29, 2018

Remington, one of America's oldest gun makers, files for bankruptcy

By USA Today, Mar. 26, 2018

Remington, one of the nation's oldest gun manufacturers, filed for bankruptcy court protection late Sunday amid heavy debts, falling sales and the potential for adverse court rulings stemming from the 2012 Sandy Hook school massacre.

Remington Outdoor and its subsidiaries submitted a Chapter 11 petition to the federal bankruptcy court in Delaware, outlining a restructuring plan that would maintain the company's operations, continue pay and benefits for employees and ultimately turn the operating control of the company to creditors.

Monday, June 27, 2016

F. Lee Bailey, OJ Simpson's Attorney, Files For Bankruptcy

elderstatement.com June 27, 2016 F. Lee Bailey , Files For Bankruptcy 0 Comments

By Fox News, June 26, 2016

PORTLAND, Maine – Famed defense attorney F. Lee Bailey, whose legion of high-profile cases includes the O.J. Simpson murder trial, has filed for bankruptcy in Maine in an effort to discharge an IRS debt of more than $5 million.

Debts to the IRS aren't normally discharged in bankruptcy proceedings, but the 83-year-old Bailey said Friday that they can be if one abides by certain conditions, such as filing and paying his taxes on time since the original taxes and penalties were assessed.

Read More: http://www.foxnews.com

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