Restaurant reservation – Cucina Papoff http://cucinapapoff.com/ Wed, 23 Nov 2022 13:08:35 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://cucinapapoff.com/wp-content/uploads/2021/10/icon-120x120.jpg Restaurant reservation – Cucina Papoff http://cucinapapoff.com/ 32 32 Brighter files for bankruptcy | MarketScreener https://cucinapapoff.com/brighter-files-for-bankruptcy-marketscreener/ Wed, 23 Nov 2022 12:46:04 +0000 https://cucinapapoff.com/brighter-files-for-bankruptcy-marketscreener/ AB brighter (Publ.) (“The Company”) In light of the District Court’s decision November 21, 2022 that the restructuring of the company must stop, the board of directors AB brighter decided that the company would file for bankruptcy. The application has been sent to Solna District Court. Over the past year and a half, the new […]]]>

AB brighter (Publ.) (“The Company”) In light of the District Court’s decision November 21, 2022 that the restructuring of the company must stop, the board of directors AB brighter decided that the company would file for bankruptcy. The application has been sent to Solna District Court.

Over the past year and a half, the new Board of Directors and new management have worked intensely to activate a long-term business strategy to create profitable growth, but the work has been characterized by difficult pandemic effects in combination with the evolution of the macroeconomic situation.

Brighter was granted a corporate restructuring on November 2 to buy time to implement operational and organizational changes to adapt the financial conditions for success. Very significant work has been done to prepare and begin to implement the reconstruction plan and the company has had ongoing dialogues with various potential stakeholders regarding funding throughout the period.

The company believes that continued rebuilding would have been a better solution for the company, suppliers and shareholders alike. However, the district court’s ruling that the corporate restructuring must end led Brighter to file for bankruptcy.

The company argued that the district court must appoint Mikael Kubu at Accordscentralen AB as bankruptcy administrator.

For more information please contact:
Investor Relations
IR@brighter.se

Certified Advisor
Brighter’s Certified Advisor is Mangold Fondkommission ABwww.mangold.se

About Brighter
Brighter is a health technology company from Sweden with a vision of a world where chronic disease management is no longer a struggle. We believe a data-centric approach is key to delivering smarter chronic disease care. Our daily care solutions are designed to facilitate the flow of real treatment data between patients with chronic conditions, their loved ones and their care providers – with the goal of improving quality of life, alleviating the burden on health systems and open up new opportunities for data-driven research. Brighter’s quality management system is ISO13485 certified. In 2019, the company won the Swecare Rising Stars award. The Company’s shares are listed on the Nasdaq First North Growth Market/BRIG. For more information, please visit our website at www.brighter.se.

This information is information that AB brighter is required to make public in accordance with the EU Market Abuse Regulation. The information was submitted for publication, through the contact persons listed above, on 23 November at 1:45 p.m. CEST

https://news.cision.com/brighter-ab–publ-/r/brighter-files-for-bankruptcy,c3671702

https://mb.cision.com/Main/13292/3671702/1691028.pdf

(c) Decision 2022. All rights reserved., sources Press Releases – English

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Insurers say ‘bazooka’ of fake Boy Scout claims is abuse of bankruptcy system https://cucinapapoff.com/insurers-say-bazooka-of-fake-boy-scout-claims-is-abuse-of-bankruptcy-system/ Mon, 21 Nov 2022 02:31:47 +0000 https://cucinapapoff.com/insurers-say-bazooka-of-fake-boy-scout-claims-is-abuse-of-bankruptcy-system/ New You can now listen to the Insurance Journal articles! A group of insurers – including subsidiaries of AIG, Liberty Mutual, Allianz, Sompo International and Travelers – are challenging the approval of the Boy Scouts of America’s $2.46 billion bankruptcy reorganization plan to allow the organization to settle tens of thousands of sexual abuse claims. […]]]>
New You can now listen to the Insurance Journal articles!

A group of insurers – including subsidiaries of AIG, Liberty Mutual, Allianz, Sompo International and Travelers – are challenging the approval of the Boy Scouts of America’s $2.46 billion bankruptcy reorganization plan to allow the organization to settle tens of thousands of sexual abuse claims.

In the 125-page document filed in U.S. District Court for the District of Delaware, the insurers are jointly asking the court to void the bankruptcy plan because the number of claims has increased, they said, from “6,000% to more than 82,000” since bankruptcy. deposit – and a “significant part is probably fraudulent”.

“This court should not tolerate the bad faith, collusion and outright fraud of plaintiffs’ attorneys who brought about this plan – conduct to which BSA has, at best, willfully blinded,” the insurers said – more d ‘a dozen in total – in the depot. “Pointing a bazooka of 82,000 claims at insurers” is an abuse of the bankruptcy system, they added.

Other BSA insurers, subsidiaries of Chubb and The Hartford, have already agreed to contribute to the plan.

However, insurers in the Nov. 7 filing said plaintiffs’ attorneys “saw the bankruptcy as an opportunity for a windfall, launched a massive advertising campaign filled with misrepresentations, and began enlisting claimants based on conditional fee”.

“The lawyers themselves signed and filed thousands of proofs of claim in the bankruptcy, under penalty of perjury, containing missing or inaccurate information, often without ever reviewing the forms or contacting the plaintiffs,” the insurers allege in the filing. .

Additionally, the plan does not give insurers a due process to vet or participate in the defense of claims, leading to an outcome “designed to lead to claim values ​​greater than those that would have been produced in the tort system.” “.

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House panel wants internal documents from bankrupt crypto exchange FTX https://cucinapapoff.com/house-panel-wants-internal-documents-from-bankrupt-crypto-exchange-ftx/ Fri, 18 Nov 2022 16:00:00 +0000 https://cucinapapoff.com/house-panel-wants-internal-documents-from-bankrupt-crypto-exchange-ftx/ New York CNN — A powerful House of Representatives subcommittee is seeking internal documents and communications from Sam Bankman-Fried and FTX to understand how the crypto exchange collapsed so suddenly and what is being done to recover customer funds. FTX, formerly one of the most trusted brands in crypto, filed for bankruptcy last week and […]]]>


New York
CNN

A powerful House of Representatives subcommittee is seeking internal documents and communications from Sam Bankman-Fried and FTX to understand how the crypto exchange collapsed so suddenly and what is being done to recover customer funds.

FTX, formerly one of the most trusted brands in crypto, filed for bankruptcy last week and announced the resignation of Bankman-Fried, its 30-year-old CEO who lost a fortune.

In a letter on Friday, Democratic Representative Raja Krishnamoorthi, chairman of the Oversight Committee’s subcommittee on economic and consumer policy, said he was “extremely disturbed” by the Bankruptcy of FTX and the “potentially significant damage” it will cause cause to American consumers and investors.

Krishnamoorthi asks for details on the liquidity crisis facing FTX, the sudden decision to declare bankruptcy and what the company plans to do to “ensure that every dollar goes back to the American consumers who have placed their trust in your company”.

The subcommittee, which had already launched an investigation into the crypto industry in August, requested information and documents by December 1, including all internal documents and communications since 2021 related to liquidity issues. of FTX, balance sheet, customer funds, cryptocurrency holdings, money owed to customers, and management of customer funds.

“FTX investors and the American people demand answers,” Krishnamoorthi said.

Neither FTX nor an attorney representing Bankman-Fried responded to a request for comment.

The letter cited revelations from new FTX CEO John J. Ray, who in court filings this week described a “complete failure” by the crypto company to maintain financial controls. Ray said FTX’s failures dwarf even that of Enron, the infamous company whose liquidation he oversaw in the early 2000s.

Krishnamoorthi said he was “distressed” by comments Bankman-Fried has made since the FTX bankruptcy, including an interview with Vox this week where the former FTX boss said he ‘didn’t want to ‘do sketchy stuff’ but that ‘every individual decision seemed fine and I didn’t realize how big their sum was until at the end”.

Bankman-Fried was a face of the crypto industry and became a white knight for struggling businesses. He was too a leading campaign contributor to Democrats in the 2022 election cycle.

Earlier this week, Democratic senses Elizabeth Warren and Dick Durbin demanded that FTX and Bankman-Fried hand over a trove of documents that will shed light on the collapse, including balance sheets and details of bailouts given to others. crypto companies.

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FTX has 10 times more creditors than originally expected, according to new bankruptcy filing https://cucinapapoff.com/ftx-has-10-times-more-creditors-than-originally-expected-according-to-new-bankruptcy-filing/ Tue, 15 Nov 2022 17:22:00 +0000 https://cucinapapoff.com/ftx-has-10-times-more-creditors-than-originally-expected-according-to-new-bankruptcy-filing/ When crypto exchange FTX filed for bankruptcy last week, it said it owed money to around 100,000 creditors. A Tuesday filing puts that number at more than 1 million. The company’s attorneys said in the file that the matter is complex and involves more than a hundred debtor entities on FTX’s side and more than […]]]>

When crypto exchange FTX filed for bankruptcy last week, it said it owed money to around 100,000 creditors. A Tuesday filing puts that number at more than 1 million.

The company’s attorneys said in the file that the matter is complex and involves more than a hundred debtor entities on FTX’s side and more than a million creditors, mainly customers of FTX.

While the bankruptcy code would typically require FTX and its associated companies to file a list of the top 20 creditors for each debtor entity, such as FTX, FTX US and Alameda Research, its attorneys sought permission to file a consolidated list of the top 50. main creditors. people and organizations due because businesses overlap so much. If the application is approved, the company plans to file a top 50 list by Friday.

“Compiling separate creditor lists for each individual debtor would consume an inordinate amount of debtors’ limited time and resources at this critical time,” the filing reads.

Following news of FTX’s bankruptcy, the company’s attorneys also said they have been in contact with dozens of regulatory agencies, including the Securities and Exchange Commission, Commodity Futures Trading Commission and others. federal, state and international agencies.

“There is substantial interest in these events among regulators around the world,” the filing said.

Last week, FTX founder and CEO Sam Bankman-Fried resigned and the company was named CEO John J. Ray III, who helped creditors recover funds from troubled companies, including Enron. It’s a role he hopes to return to as the managing director of the more than 100 FTX-associated entities.

FTX’s bankruptcy comes after two other crypto companies, Celsius and Voyager Digital, filed for bankruptcy earlier this year, likely embroiling their customers in lengthy processes as they seek a refund. In the Celsius case, customers have been designated as “unsecured creditors” while in the Voyager case, the plaintiffs were “intoxicated”. Neither designation guarantees that customers will get their money back quickly, if at all.

After a week-long saga in which FTX faced a liquidity crunch, the company thought it had found salvation by getting bought out by rival crypto exchange Binance. But after CEO Changpeng “CZ” Zhao initially agreed to buy FTX, CZ pulled out of the dealclaiming that “FTX’s problems are beyond our control or our ability to help you”.

The SEC and the Department of Justice are turning now as some have accused SBF of mismanaging FTX client funds. Bankman-Fried denied the allegations.

As FTX’s attorneys noted in Tuesday’s filing, “The events that have befallen FTX over the past week are unprecedented.”

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TSM releases statement as major sponsor FTX files for bankruptcy https://cucinapapoff.com/tsm-releases-statement-as-major-sponsor-ftx-files-for-bankruptcy/ Sun, 13 Nov 2022 03:41:18 +0000 https://cucinapapoff.com/tsm-releases-statement-as-major-sponsor-ftx-files-for-bankruptcy/ Andre Amos ❘ Posted: 2022-11-13T03:32:18 ❘ Updated: 2022-11-13T03:32:27 TSM released a statement after major naming rights sponsor FTX, which signed a $210 million deal with the esports organization last year, filed for bankruptcy. The team is studying the “best next steps to protect” their brand and has touted their financial stability. Cryptocurrency exchange FTX made […]]]>

Posted: 2022-11-13T03:32:18

Updated: 2022-11-13T03:32:27

TSM released a statement after major naming rights sponsor FTX, which signed a $210 million deal with the esports organization last year, filed for bankruptcy. The team is studying the “best next steps to protect” their brand and has touted their financial stability.

Cryptocurrency exchange FTX made headlines after the major player in the space filed for bankruptcy. During the first report pointed to potential bailout by rival Binancethis agreement failed after analyzing the financial data.

Since then, the exchange was accused of moving hundreds of millions of dollars in assets under ‘suspicious circumstances’ while CEO Sam Bankman-Fried apologized to platform users for “end here.”

“Hopefully things can find a way to recover,” he said Nov. 11 after filing for bankruptcy with related FTX brands. “I hope it brings them some transparency, trust and governance.”

In the esports world, all eyes have been on TSM. The major North American organization wrote what has been described as the “greatest [deal] in the history of esports” when they signed a ten-year, $210 million naming rights deal with FTX.

The organization is aware of FTX’s collapse, it said in a Nov. 12 statement, while touting its own financial stability even as its main sponsorship collapses.

“Along with the rest of the world, TSM has been closely monitoring the situation surrounding FTX,” the organization said. “We have no idea of ​​the matter other than what has been publicly reported. We are currently consulting with legal counsel to determine the best next steps to protect our team, staff, fans and players.

Twitter: Sam Bankman-Fried TSM FTX

FTX’s deal with TSM included naming rights and a prime spot on the team’s jersey.

“To be clear, TSM is built on a solid foundation. We are stable and profitable, and we continue to forecast profitability for this year, next year and beyond. We look forward to a great 2023.”

TSM has previously hinted at plans to build “a strong footprint in Europe” as well as its other global expansions, with FTX’s support going in the direction of this goal. The company did not say whether these efforts can be continued.

The esports team wasn’t FTX’s only involvement in esports, either. The exchange signed a seven-year deal with the LCS in August 2021, and also had a one-year deal with FURIA. Neither has commented on the bankruptcy.

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Canada wants to block university bankruptcies https://cucinapapoff.com/canada-wants-to-block-university-bankruptcies/ Thu, 10 Nov 2022 01:15:56 +0000 https://cucinapapoff.com/canada-wants-to-block-university-bankruptcies/ Canadian lawmakers are seeking to clarify that public post-secondary institutions are barred from filing for bankruptcy protection, but remain uncertain about a viable alternative for a sector stung by the lingering crisis in Laurentian University. A measure pending in Canada’s Upper Legislative House would ban public colleges and universities from using the country’s standard bankruptcy […]]]>

Canadian lawmakers are seeking to clarify that public post-secondary institutions are barred from filing for bankruptcy protection, but remain uncertain about a viable alternative for a sector stung by the lingering crisis in Laurentian University.

A measure pending in Canada’s Upper Legislative House would ban public colleges and universities from using the country’s standard bankruptcy processes and instead promise them an option to be developed specifically for academia.

Among the enthusiastic supporters of the project of Post-Secondary Institutions Bankruptcy Protection Act is the Canadian Association of University Teachers, whose members feel scarred by Laurentian’s unexpected and historically unique decision to file for creditor protection in 2021 and then make body cuts faculty, staff, courses and students.

“It was an unnecessary, inappropriate, costly and destructive decision on the part of the university administration,” said David Robinson, chief executive of CAUT, which represents 72,000 employees on 125 Canadian campuses.

But some outside experts have urged federal lawmakers to be cautious, saying it’s unclear what better options may ultimately be available to university leaders who fear their institution’s financial health could rapidly collapse – and warning that private establishments should not be swept away in the process.

The Companies’ Creditors Arrangement Act — the law used by Laurentian, which allows insolvent companies to restructure their operations — appears to be ill-suited to public higher education, said one of the experts advising lawmakers, Virginia Torrie, Associate Professor of Law. to University of Manitoba.

Indeed, universities largely have non-financial missions, have collegial governance structures and – especially in the case of public institutions – owe transparency to taxpayers, Dr Torrie said.

The Saint-Laurent situation has been widely recognized as a mess to be avoided. It was the first publicly funded university in Canada use bankruptcy lawamid controversy over whether it should even have been allowed. Laurentian’s tactics led him to shoot 200 academics and other staff, and losing about half of its 9,000 students and more than a third of its academic programs.

The Auditor General of Ontario, Bonnie Lysyk, conducted an investigation who concluded that the university did not need to make these cuts because the provincial government had offered to help. She blamed the crisis on a decade-long campus expansion campaign that was based on a misjudgment of student demand.

The legislative sponsor of the pending proposal is Lucie Moncion, a banker appointed to the Canadian Senate by Prime Minister Justin Trudeau. She, too, cautioned against the tendency of bankruptcy filings to exclude the possibility of broader solutions. “This puts an end to many negotiations that could continue [for] the province to work with the university to resolve some of the situations,” Ms. Moncion told her colleagues at a recent hearing.

While it’s unclear how the government will ultimately address the special needs of universities in financial difficulty, Dr Torrie said, the Moncion plan at least makes clear the need to address them before the underlying ban bankruptcy filing comes into force. “There’s an opportunity here to really provide the predictability and certainty that any struggling university lacks right now,” she said.

Another area in need of clarification, said Emmanuel Phaneuf, a Montreal lawyer specializing in corporate restructuring, was the boundary between public and private institutions. Bankruptcy protections must absolutely remain in place for private institutions, as creditors would otherwise have no realistic recourse if their bills are not paid. Yet the measure presented by Ms. Moncion, he said, appears to offer a fuzzy definition, as it says that the ban on the use of bankruptcy protections would apply to any post-secondary institution that receives government funds for its operations.

paul.basken@timeshighereducation.com

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US corporate bankruptcy filings rise in October https://cucinapapoff.com/us-corporate-bankruptcy-filings-rise-in-october/ Wed, 02 Nov 2022 21:31:10 +0000 https://cucinapapoff.com/us-corporate-bankruptcy-filings-rise-in-october/ U.S. business bankruptcies rose in October from the previous month, according to data from S&P Global Market Intelligence. There were 37 bankruptcy filings in October, compared to 31 in September. As of October 31, 312 companies had filed for bankruptcy in 2022, fewer than any other comparable period dating back at least to 2010. According […]]]>

U.S. business bankruptcies rose in October from the previous month, according to data from S&P Global Market Intelligence.

There were 37 bankruptcy filings in October, compared to 31 in September. As of October 31, 312 companies had filed for bankruptcy in 2022, fewer than any other comparable period dating back at least to 2010.

SNL Picture

According to S&P Global Market Intelligence, the tightening of financial conditions should lead to a further slowdown in economic growth and exacerbate anticipated recessions. A buoyant U.S. job market defies the Federal Reserve’s efforts to fight inflation with a series of aggressive interest rate hikes. The prospect of a divided government in the United States after the midterm elections would hamper the response to a recession.

Manufacturers maintain their lead in depots

Industrials had the most filings for all sectors, with 49 so far in 2022 as of October 31.

SNL Picture

The consumer discretionary sector is the second highest number of filings for the year, with 46 at the end of October. Inflation and other macro concerns were expected to negatively impact holiday sales from e-commerce titan Amazon.com Inc. Meanwhile, overall retail sales failed to impress.

Shortage of larger deposits

October did not file for bankruptcy with more than $1 billion in reported liabilities, marking the second consecutive month without a larger deposit.

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SNL Picture * Download charts in Excel format.
* For retail-specific bankruptcy data, see the monthly retail market series.

Editor’s Note: This Data Dispatch is updated regularly. The latest edition was published on September 7.

Bankruptcy figures include public companies or private companies with public debt with a minimum of $2 million in assets or liabilities at the time of filing, in addition to private companies with at least $10 million in debt. assets or liabilities. Market Intelligence may remove companies from this list if it finds that their total assets and liabilities do not meet the threshold required for inclusion.

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Emergency rooms are not properly trained to identify child abuse https://cucinapapoff.com/emergency-rooms-are-not-properly-trained-to-identify-child-abuse/ Sat, 29 Oct 2022 13:00:00 +0000 https://cucinapapoff.com/emergency-rooms-are-not-properly-trained-to-identify-child-abuse/ Emergency rooms are a place where many abused children end up, it is crucial that staff are able to notice the signs and get the appropriate help. exterior of an emergency room Emergency rooms may not be properly trained to identify child abuse. In a perfect world, children would all live healthy and happy lives, […]]]>

Emergency rooms are a place where many abused children end up, it is crucial that staff are able to notice the signs and get the appropriate help.


Emergency rooms may not be properly trained to identify child abuse. In a perfect world, children would all live healthy and happy lives, but (unfortunately) they don’t. There are cases of child abuse and mistreatment each dayand these are only the ones we know about. Child maltreatment can have significant impacts on the health children.


There must be training and education in place to ensure that those who need to know recognize the signs of child abuse. This includes education workers, police officers and hospital staff. If children go to the emergency room for injuries resulting from child abuse, workers need to be able to recognize it.

According Medical Xpress, study found hospital emergency departments lack policies and strategies to identify child abuse and neglect. This study was carried out by the European Society for Emergency Medicine, and it can be read in full here.

RELATED: Child abuse linked to increased risk of heart failure in adulthood

This was done by completing a survey of emergency service staff, and only half said they had an actual policy in place that would help staff identify children who were being abused or neglected at home.

Since the emergency room is a place where many abused children end up, it is essential that staff are able to notice the signs and get the appropriate help the child needs. Previous studies have shown that hospitals that have policies in place are more likely to be effective in identifying children who are being abused. These policies include screening tools and staff training.

Although these surveys have been conducted across Europe, this may underscore the need to review how this is done in the United States and other countries around the world. If they are able to help hospitals be better equipped to detect signs of abuse, they can save more children who would otherwise fall through the cracks.

The researchers suggest that all hospitals have a toolkit they use to spot child abuse, and this would include training for staff and education on what to look for and what to do if they think that a child is being abused.

The study showed that these policies can help notice child abuse, and since it works, they should be implemented across the country and around the world. Children count on surrounding adults notice something is wrong, and we can’t let them down.

Sources: Medical Xpress, EUSEM

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Redcon1 Dodges Chapter 7 Bankruptcy Fight – Insolvency / Bankruptcy https://cucinapapoff.com/redcon1-dodges-chapter-7-bankruptcy-fight-insolvency-bankruptcy/ Thu, 27 Oct 2022 06:59:13 +0000 https://cucinapapoff.com/redcon1-dodges-chapter-7-bankruptcy-fight-insolvency-bankruptcy/ October 27, 2022 Morrison & Foerster LLP To print this article, all you need to do is be registered or log in to Mondaq.com. Seth Kleinman spoke to Initiated in natural products about an involuntary Chapter 7 bankruptcy petition filed against sports nutrition brand Redcon1 by three of its creditors. An involuntary bankruptcy […]]]>

To print this article, all you need to do is be registered or log in to Mondaq.com.

Seth Kleinman spoke to Initiated in natural products about an involuntary Chapter 7 bankruptcy petition filed against sports nutrition brand Redcon1 by three of its creditors.

An involuntary bankruptcy petition is typically filed “when multiple unsecured creditors of a corporation believe that the management of the corporation itself is doing something with the corporation’s funds that is improper and that the corporation is already or will become insolvent. due to one of these improper dealings,” Seth explained.

Although Redcon1 and its creditors reached an agreement and filed a motion to dismiss the bankruptcy petition, the stakes could have been high for the company, especially if the case continued in Chapter 7 and the judge had appointed a trustee in bankruptcy.

According to Seth, a trustee in bankruptcy assumes the management of a business, including its books and records, and his job is to wind down the operations of the business.

Read it complete article.

Originally posted by Natural Products Insider

Due to the generality of this update, the information provided here may not be applicable in all situations and should not be applied without specific legal advice based on particular situations.

© Morrison & Foerster LLP. All rights reserved

POPULAR ARTICLES ON: Insolvency/Bankruptcy/Restructuring from the United States

What we read this week [October 14, 2022]

Mayer Brown

On October 12, Bloomberg announced that Alex Jones would join his bankrupt media production company, Free Speech Systems, in a court-supervised settlement with the families of Sandy Hook…

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Death of Charles Pettit ruled suicide by Bexar Medical Examiner https://cucinapapoff.com/death-of-charles-pettit-ruled-suicide-by-bexar-medical-examiner/ Mon, 24 Oct 2022 16:20:06 +0000 https://cucinapapoff.com/death-of-charles-pettit-ruled-suicide-by-bexar-medical-examiner/ SAN ANTONIO — With growing allegations that his older brother had stole millions of dollars from his clients and the law firm where he had been employed closed, Charles Joseph Pettit apparently had had enough. At some point in the weeks after disgraced ex-lawyer Christopher “Chris” Pettit filed for bankruptcy to avoid litigation and closed […]]]>

SAN ANTONIO — With growing allegations that his older brother had stole millions of dollars from his clients and the law firm where he had been employed closed, Charles Joseph Pettit apparently had had enough.

At some point in the weeks after disgraced ex-lawyer Christopher “Chris” Pettit filed for bankruptcy to avoid litigation and closed his company’s offices, his younger brother wrapped his head and top of his torso in plastic sheeting and lay down to die. The death has now been ruled a suicide by the Bexar County Medical Examiner’s Office.

Charles Joseph Pettit, 49, died of asphyxiation, he said in a new report. Her body was found July 12 at her home in San Antonio, wrapped in plastic. The medical examiner’s office detected zolpidem, a sleeping pill, in his system, but said in an autopsy report it was uncertain whether the drug contributed to his death.

Her body was discovered after Chris Pettit, 55, asked San Antonio police for a wellness check. The brothers had not been in contact since a June 16 text message. Chris Pettit was living in Florida at the time. On June 1, he had filed for bankruptcy protection for himself and his law firm. He returned his law degree the following week.

On ExpressNews.com: Embattled San Antonio lawyer accused of defrauding millions of clients files massive bankruptcy case

Upon entering Charles Pettit’s home the following month, officers said they were overwhelmed by a strong smell and, according to a police report, found “obvious signs of decomposition” on his body.

The autopsy report did not indicate how long Charles Pettit had been dead before his body was found.

The former San Antonio law office of Christopher “Chris” Pettit at 11902 Rustic Lane is among the properties returned to bankruptcy as part of a settlement agreement.

The police report says Chris Pettit said he believed his brother “had had enough and may have committed suicide” due to the media attention Chris Pettit was receiving for allegedly stealing millions of dollars from his clients.

He has been in jail since September 8 after a bankruptcy court judge ruled he had not told the truth in or forthcoming court proceedings. about what happened to a work laptop that may contain answers sought by creditors. The judge issued an order detailing 17 items Chris Pettit must meet to “purge” himself from the contempt charge and be released.

Creditors for Pettit and his law firm submitted about 200 claims totaling about $259 million before the Oct. 5 deadline.. That’s more than double the $112 million Pettit reported he owed. It’s easily one of the biggest individual bankruptcy cases ever filed in San Antonio.

His law practice focused on estate planning and personal injury cases, but also provided financial advice and investment management services.

“Eliminate foul play”

Charles Pettit, who was not a lawyer, worked at his brother’s law firm but was not involved in any alleged wrongdoing.

On ExpressNews.com: Tragedy escalates in scandal shrouding former San Antonio attorney Chris Pettit

His death came during a bankruptcy court hearing in July when a judge allowed Chris Pettit to spend $5,000 on funeral expenses. On the witness stand, he testified that he spent nothing because the body was not returned to the funeral home.

“They always try to rule out foul play,” he said.

It later emerged that Chris Pettit had stayed in a hotel rather than the house he owns in a gated community in Stone Oak. His bankruptcy attorney at the time said Chris Pettit had “concerns for his personal safety” because the trustee changed the locks on the house and kept a key for him.

“I think he has security issues,” the attorney said. “Of course, with the death of his brother…”

Charles Pettit lived in the 15700 block of Deer Crest. It was among a group of nine properties that Chris Pettit had transferred to an entity called Sin Reposo LLC before filing for bankruptcy.

The settlements were a way for Chris Pettit to raise money to pay off a former client who won an $11.8 million judgment against him and his law firm.

Eric Terry, the Chapter 11 trustee, determined that Chris Pettit and related entities entered into the transactions with “the actual intent to obstruct, delay or defraud creditors.”

On ExpressNews.com: Part of the real estate transferred by Chris Pettit before the bankruptcy will be returned as part of an agreement

As part of a legal settlement reached last month, seven of the properties – including the Deer Crest house – would be returned to bankruptcy.

Hearing this week

This month, Terry filed a motion seeking court approval to sell the property to Schoenau LLC for $325,000. A valuation report that Pettit provided to Sin Reposo valued the property at $386,000.

“The purchase price of $325,000 represents the highest and best offer received after the Deer Crest property was actively marketed by the trustee’s realtor, particularly given the relatively poor condition of the property. “, says the document.

Terry also wants court approval to sell three other properties that Sin Reposo has agreed to sell. They are:

• A single family home at 4118 Honeycomb St. San Antonio. Schoenau agreed to buy it for $240,000.

• A small apartment building at 488 Olmos Drive in Olmos Park. A Californian couple agreed to buy it for $805,000.

• A lakeside home on Lakebreeze Drive in Canyon Lake. A San Antonio entity called Rose and Johnson Properties Series LLC is under contract to buy it for $815,000.

A hearing on the four motions is scheduled for Wednesday.

pdanner@express-news.net

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