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Wantafreshstart Bankruptcy Attorneys Help Clients Rebuild Cr…

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WantAFreshStart Bankruptcy Lawyers Helps Clients Rebuild Their Credit and Financial Future After Bankruptcy

GILBERT, ARIZONA, UNITED STATES, March 19, 2023 /einpresswire.com / — WantAFreshStart, a leading bankruptcy law firm in gilbert , is pleased to announce that their team of experienced bankruptcy attorneys is now offering clients comprehensive credit rebuilding assistance following the bankruptcy. The law firm’s innovative approach to post-bankruptcy credit rebuilding is designed to help clients rebuild their credit scores and regain financial independence quickly.

Bankruptcy can be a complex and stressful process, often leaving individuals with damaged credit scores and a sense of uncertainty about their financial future. The team at WantAFreshStart understands the difficulties that clients face after filing for bankruptcy and is committed to providing personalized and effective solutions to help clients rebuild their credit and regain control of their finances.

‘At WantAFreshStart, we believe that everyone deserves a second chance. Bankruptcy is not the end of the road, and with the right guidance, our clients can recover from financial setbacks and achieve their goals,’ said a spokesperson for the law firm.

The law firm’s credit rebuilding services are designed to help clients understand the factors that affect their credit

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March 22, 2023 by ATTORNEY

FTX lawyers to reap millions from the bankruptcy case: Report

According to a new report, the controversial law firm Sullivan & Cromwell is on track to reap a fortune from its work on the FTX cryptocurrency exchange’s bankruptcy case.

Sullivan & Cromwell’s costs in the FTX case are estimated to reach hundreds of millions of dollars before the firm’s bankruptcy investigation is over, Bloomberg Law reported on Jan. 27.

As the FTX trial is scheduled for October 2023, the firm’s lawyers now have about eight months to untangle the complicated FTX case, which will cost a lot of time and money. Sullivan & Cromwell has more than 150 people working on the FTX case, including 30 partners with rates exceeding 2,000 per hour. The report notes that associates are charging up to about $1,500 per hour, citing a court filing.

Source: Bloomberg Law

In a court declaration, Sullivan & Cromwell said that its proposed fees are in accordance with market rates by other leading law firms and actually represent a discount from the rates used in non-bankruptcy matters.

Bankruptcy experts have been facing a high demand as the crypto winter of 2022 generated many bankruptcy filings, including those by major crypto firms like Genesis Global Trading, Celsius Network and

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February 5, 2023 by ATTORNEY

FTX Fights Sullivan & Cromwell Removal Attempt From Bankruptcy

Sullivan & Cromwell’s removal or limitation as bankruptcy counsel for FTX would “severely, if not irreparably” harm customers and creditors, the cryptocurrency exchange’s CEO John Ray told a judge.

An “army” led by the firm’s lawyers have worked under Ray’s supervision around the clock for the past two-plus months, he told Delaware Bankruptcy Court Judge John T. Dorsey in a filing. The work has stopped assets from being depleted and aided federal investigations, he said.

“The advisors are not the villains,” Ray said. “This is not the time to distract and burden the debtors.”

FTX in the Tuesday filings is defending Sullivan & Cromwell’s role as its lead bankruptcy counsel after four US senators questioned the firm’s work for the crypto exchange prior to its implosion. The US Trustee has also raised concerns about whether the firm’s disclosures have been sufficient.

Sullivan & Cromwell has advised FTX since the exchange first initiated Chapter 11 proceedings in November, listing assets and liabilities of at least $10 billion. Dorsey is scheduled to weigh in on FTX’s application to keep the firm as its main bankruptcy counsel in a Friday hearing.

In a court filing on behalf of FTX, the firm said that

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January 20, 2023 by ATTORNEY

Bankruptcy lawyer urged clients to spread COVID-19, judge says

(Reuters) – A Colorado bankruptcy judge has sanctioned an Edgewater, Colorado lawyer for “blatant misconduct,” including advice he gave former clients to try to infect the trustee overseeing their case with COVID-19 or another illness.

U.S. Bankruptcy Judge Thomas McNamara on Tuesday suspended attorney Devon Barclay from practicing in Colorado bankruptcy court for three years over his conduct while representing Matthew and Nicole Mennona, a Littleton, Colorado couple who sought Chapter 7 relief during the pandemic.

Barclay forged his clients’ signatures on their Chapter 7 petition, tried to get the bankruptcy case dismissed multiple times under “false assertions of fact,” and ignored a trustee’s discovery efforts, leading to his clients getting hit with a $2,783.50 sanction, McNamara found.

McNamara also cited a Sept. 9, 2021, email from Barclay to his clients about a letter that was intended to be sent to another lawyer. “If either of you have COVID or some other highly infectious, nasty disease — or if you know someone who does — please make sure they lick the envelope and handle it as much as possible,” Barclay said in the email.

It is unclear from the court record whether the comment was meant as a joke. Barclay

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January 19, 2023 by ATTORNEY

FTX Paid Crypto Bankruptcy Lawyers $12 Million for Early Work

Bankrupt crypto exchange FTX Ltd. paid its lead lawyers more than $12 million to handle the earliest portions of the closely watched Chapter 11 case, according to a Wednesday court filing.

Law firm Sullivan & Cromwell received a $12 million retainer from an FTX-controlled company shortly before the exchange’s Nov. 11 bankruptcy filing, the filing shows. The firm has drawn a little more than $3 million of that, largely for work done in the days leading up to the rushed bankruptcy filing.

Quinn Emanuel is also working for FTX and its board of directors as special counsel in a litigation capacity, looking for legal claims the bankruptcy estate might be able to bring. The firm received about $575,000 in the three months leading up to FTX’s filing, according to another court filing.

Landis Rath & Cobb, whose lawyers are FTX’s local Delaware counsel, received a $300,000 retainer in the 90 days leading up the filing.

FTX imploded in spectacular fashion in early November, leading to the firing of co-founder Sam Bankman-Fried and a rushed Chapter 11 filing of more than 100 FTX-related companies. In a sign of the hurried pace, FTX didn’t submit typical “first-day” filings until

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December 25, 2022 by ATTORNEY
May 2024
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