Bankrupt

Bankrupt Houston MMA Law Firm Forms Deal with Equal Access Justice Fund to Share Mass Tort Proceeds

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HOUSTON — A significant development has emerged from the financially troubled MMA Law Firm PLLC, which is currently undergoing bankruptcy proceedings. The firm has reached an agreement to distribute the proceeds from its mass tort lawsuits with litigation funders Equal Access Justice Fund LP, a crucial creditor in its financial restructuring efforts. This decision marks a pivotal moment in the law firm’s ongoing legal and financial challenges, as it seeks to navigate its bankruptcy while ensuring that essential funding remains available for its ongoing cases. The partnership with Equal Access Justice Fund highlights the pivotal … Read more

Revolutionizing Rehabilitation: Attorney Eric Goodman Introduces Innovative Plan for Bankrupt Prison Healthcare Provider

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Eric Goodman, a bankruptcy attorney with a keen interest in reformative strategies, recently took on a pivotal role in the Chapter 11 bankruptcy case of Tehum Care Services, a company specializing in prison healthcare. The case, which is being closely watched by legal and healthcare professionals alike, represents a significant challenge in a sector that is often fraught with operational and ethical complexities. Goodman, known for his innovative approaches in bankruptcy law, had been conceptualizing a new strategy for restructuring companies like Tehum Care Services that operate within the specialized and sensitive prison healthcare industry. … Read more

Bankrupt Houston Law Firm Forms Unique Deal with Creditor to Split Lawsuit Proceeds

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Houston, TX – In a strategic move amid bankruptcy proceedings, Houston-based MMA Law Firm PLLC has entered an agreement to share the revenue from its bulk of mass tort lawsuits with Equal Access Justice Fund LP, one of its principal creditors. This new deal could significantly affect the financial recovery of the firm, which has struggled financially in recent months. MMA Law Firm, known for its significant role in mass tort litigation, faced financial turmoil leading to its recent bankruptcy declaration. The partnership with Equal Access Justice Fund is seen as a pivotal strategy to … Read more

$56 Million Verdict for Brain-Injured Houston Man Faces Collection Challenges After Defendant’s Insurer Goes Bankrupt

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Houston, TX – A Houston jury recently decided in favor of Ezekiel Hernandez, a 22-year-old who suffered catastrophic brain injuries from a road accident during his childhood. Hernandez was awarded a substantial $56 million in damages after being struck by a truck while cycling. The compensation, however, faces significant obstacles due to the financial status of the defendant and their insurer. The truck driver currently incarcerated, complicating the process of compensation. Further complicating matters, the insurance company responsible for covering the driver’s liabilities has sought bankruptcy protection, raising questions about the likelihood of the full … Read more