Tag Archives: Chapter

A Guide To Chapter 7 Bankruptcy

A Guide To Chapter 7 Bankruptcy Personal bankruptcy is a legitimately stated failure of services or people to release their financial debts. A proclaimed state of insolvency can be asked for not just by financial institutions in an initiative to obtain what they are owed yet additionally by the financially troubled person or company. Stating … Continue reading A Guide To Chapter 7 Bankruptcy

Billion-Dollar Opioid Bankruptcy: Purdue Pharma Files for Chapter 11 as Part of Settlement

Purdue Pharma, which made $3 billion in 2017 alone selling drugs that include the opioid Oxycontin, will declare bankruptcy as part of a potential settlement covering hundreds of lawsuits against the company. The announcement also comes amid allegations that the Sackler family — who own Purdue — used Swiss bank accounts to transfer $1 billion … Continue reading Billion-Dollar Opioid Bankruptcy: Purdue Pharma Files for Chapter 11 as Part of Settlement