Debts

Houston Attorney Files for Chapter 11 Amid $202 Million in Litigation Debts

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Houston, TX – A prominent Houston-based plaintiffs attorney has recently sought personal Chapter 11 bankruptcy protection, declaring over $202 million in litigation funding liabilities. The legal filing was made in the Southern District of Texas, highlighting significant financial challenges within the litigation funding sector. The influx of litigation funding, where third parties finance lawsuits in exchange for a portion of any settlement or award, has grown substantially. However, with high potential returns come high risks, as seen in the recent bankruptcy filing. This case underscores the volatile nature of relying heavily on litigation funding, an … Read more

Enigmatic Oil Magnate Babak Zanjani Released from Prison After Settling Massive Debts, Claims Lawyer

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Tehran, Iran – Babak Zanjani, the Iranian oil magnate once sentenced to death for embezzling billions from oil sales, has been released from prison, announced his lawyer through social media late Saturday. This unexpected turn in Zanjani’s case ends years of legal proceedings that showcased significant corruption within Iran’s oil sector during the sanctions era. The announcement was made by Zanjani’s attorney, Rasoul Kouhpayehzadeh, on Instagram. Kouhpayehzadeh posted a photograph of Zanjani with a caption praising God, yet withheld specific details about the conditions or processes leading to his release. The vague nature of the … Read more

Disgraced Attorney Faces Jail Time After Misusing Millions in Client Funds for Gambling Debts

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Vancouver, Canada – A former British Columbia lawyer, Steven Neil Mansfield, could face three to five years in prison after admitting to misappropriating $1.4 million from his clients to settle gambling debts. This revelation came during sentencing submissions on Wednesday, where victims expressed the deep personal losses suffered due to Mansfield’s actions. Mansfield, who previously pleaded guilty to four counts of theft exceeding $5,000, stood before Vancouver Provincial Court Judge Donna Senniw as testimony from distraught clients unfolded. Among the victims was a retired dentist, Dr. Harold Bergman, who trusted Mansfield with $350,000 to invest … Read more

‘The View’ Shares Official Statement from Anna Delvey’s Attorney Regarding Her Outstanding Debts

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New York, NY — In a recent episode of “The View,” hosts read aloud a statement from the legal representative of Anna Sorokin, better known for using the alias Anna Delvey during her stint posing as a wealthy socialite. The statement clarified her ongoing efforts to settle substantial debts, addressing her intentions to make reparations. Anna Sorokin, whose story captured international attention after defrauding banks, hotels, and acquaintances in New York City, is currently involved in numerous legal battles. Her attorney’s statement, shared on the popular daytime talk show, underscores her professed commitment to rectifying … Read more