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In re Garlock Sealing Technologies, LLC is a court case heard in the United States District Court for the Western District of North Carolina which involves the entry into bankruptcy proceedings by Garlock Sealing Technologies, once a manufacturer of coated asbestos gaskets, as a result of potential liability from current and future settlements. [1]
The Mooresville-based company, formerly known as Power Home Solar, filed Oct. 7 for liquidation bankruptcy in Western District of North Carolina, documents show. Pink Energy claims it has more ...
MC Sports – filed for bankruptcy and closed in 2017; Modell's Sporting Goods – first store opened in 1889. On March 11, 2020, the company filed for bankruptcy, and announced it would close all 115 stores. At the time of the announcement, Modell's was the world's oldest sporting goods chain
One major element in almost every airline bankruptcy is the rejection by the debtor of its current collective bargaining agreements with employees. After satisfying certain requirements, bankruptcy law permits courts to approve the rejection of labor contracts by the debtor-employer. With this tool, airline managers reduce costs.
From January 2017 through June 2022, North Carolina hospitals sued 7,517 patients and their family members to collect medical debt, according to a study by Duke University School of Law faculty ...
At least two small businesses (one in North Carolina, another in South Carolina) have already filed for bankruptcy as a result of the Section 174 requirement, says Aron Josefsberg, an accountant ...