Mazurkraemer Business Law

08/21/2026

School is back in session in Pittsburgh PA (Mt. Lebanon)! I get 9 hours a day back to myself.

Here is a recent ABI Insolvency Informer headline. I am a member of the American Bankruptcy Institute and these are generated daily. I love to read them to keep abreast of current bankruptcy news and I share them here.

HBCU "Essential Closed" Says Bankruptcy Judge

Saint Augustine's University, the 158-year-old HBCU in Raleigh, will not offer classes or educational programs during the fall 2026 semester as it works through bankruptcy and an uncertain future. The decision marks a reversal for Saint Augustine's. University leaders had planned to launch eight online, nondegree programs in September, according to The News & Observer. However, Bankruptcy Judge David Warren questioned whether the financially troubled HBCU could deliver on promises made to prospective students. He also raised concerns about spending limited resources on classes while the institution remains in bankruptcy.

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restructuring.corporate.litigation.bankruptcy.realestate

07/29/2026

TGI Fridays Liquidation Plan Approved as Chapter 11 Winds Down

TGI Fridays' consensual liquidation plan has been approved by the U.S. Bankruptcy Court for the Northern District of , marking a major milestone nearly two years after the company first filed for in November 2024, NationalRestaurantNews.com reported. During the bankruptcy proceedings, the company sold substantially all of its operating assets. This plan, which was confirmed on July 24, allows the bankruptcy estate to distribute remaining assets to creditors and wind down the original corporate entity while the TGI Fridays brand continues operating under Sugarloaf Hospitality's ownership. Sugarloaf Holdings is an investment group led by Ray Blanchette, who returned to the brand in 2025 after previously serving as CEO.

ABI Headlines.

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bankruptcy.corporate.realestate.litigation

07/27/2026

Bankrupt W**d Company Lays Off 86 People at Vineland Grow Sites

Two cannabis grow sites in South Jersey will close their doors in October, laying off 86 staff members as multistate operator the Cannabist Company files for chapter 15 bankruptcy, the Philadelphia Inquirer reported. The cultivation facilities — located at 17 W. Park Ave. and 1560 N. West Blvd. in Vineland — will close on Oct. 11, laying off nearly all of the Cannabist’s cultivation and manufacturing employees in New Jersey according to a Worker Adjustment and Retraining Notification (WARN) filing with the state. In its bankruptcy filings, the company stated that due to “regulatory, industry, and financial challenges,” it was facing a severe liquidity crisis and “unable to meet its financial obligations as they become due.” Since the Cannabist Company is also filing for bankruptcy in Canada, this case is poised to be the first time a U.S. Bankruptcy Court recognizes a foreign insolvency proceeding related to a ma*****na business, despite cannabis remaining federally illegal.

ABI Insolvency Informer headlines.

Founded in 2009 MAZURKRAEMER LAW GROUP is a small, female-led boutique business law & consulting firm We represent a smart shift in the way modern business law is practiced.  BUSINESS • BANKRUPTCY • CREDITORS’ RIGHTS AND COLLECTION • CONSULTING • LITIGATION • REAL ESTATE • • ITALIAN...

07/16/2026

Hot off the ABI Insolvency Informer Press:

Mortgage Rates Rise to Highest Level in Nearly a Year, Causing Homebuyers to Pause

Mortgage rates rose last week to the highest level since August 2025, and that caused homebuyer demand for loans to pull back, CNBC reported. Refinance demand, however, moved higher. Total mortgage application volume dropped 2.7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $832,750 or less, increased to 6.65% from 6.58% last week, with points rising to 0.67 from 0.64, including the origination fee, for loans with a 20% down payment.

07/10/2026

Marathon’s Steak and Lobster House Looks to Keep Doors Open Amid Chapter 11 Proceedings

One of the Middle Keys’ staple eateries will look to stay open while restructuring its debts, as the Florida Keys Steak and Lobster House filed for chapter 11 bankruptcy earlier this spring, KeysWeekly.com reported. According to court records first filed in April by restaurant owner Maria Ely and attorney Chad Van Horn in the Florida Southern District Court, the business lists a total of $6.63 million in liabilities, including $2.76 million in claims by unsecured creditors.

my ABC Colleague Chad Van Horn

07/06/2026

Elizabeth McGaughan is a Juris Doctor candidate at Villanova University Charles Widger School of Law, Class of 2027. At Villanova, Elizabeth is actively involved in the Scarpa Corporate Negotiation Team, where she serves as Secretary, as well as the American Constitution Society, Corporate Law Society, Women’s Law Society, and the J. Willard O’Brien Inn of Court. She earned her Bachelor of Arts in Government and Politics from the University of Maryland, College Park, where she graduated with honors and was named to the Dean’s List.

Elizabeth brings strong research, writing, litigation, and public-sector experience to MazurKraemer. She previously served as a Legal Extern at Reidenbach Law, where she conducted legal research, drafted internal memoranda and briefs, assisted with pleadings and discovery, and supported transactional and marketing initiatives. She also gained judicial experience through externships with the Delaware County Court of Common Pleas and the First Judicial District in Philadelphia.

Before law school, Elizabeth worked with the State of Maryland, where she recruited, vetted, and appointed more than 300 Maryland residents to state boards and commissions, coordinated transition materials, and maintained stakeholder relationships. Her background reflects a strong combination of legal analysis, professionalism, organization, and client-service skills.

Elizabeth’s cover letter noted her interest in gaining practical experience in business law, restructuring, business transactions, and bankruptcy matters, as well as her desire to contribute through research, writing, and hands-on support. Her experience on Villanova’s Scarpa Corporate Negotiation Team has further strengthened her ability to evaluate complex business scenarios, communicate effectively, and work collaboratively under pressure.

Outside of her academic and professional commitments, Elizabeth volunteers with the Main Line Animal Shelter, assisting with dog walking, shelter upkeep, and adoption events. She is also a squash player and former varsity athlete at Conestoga High School.

Please join us in welcoming Elizabeth McGaughan to MazurKraemer Business Law. We are excited to have her on the team!

07/04/2026

Read full newsletter here:

As we celebrate the Fourth of July, we at MazurKraemer Law Group extend our heartfelt gratitude to our clients and colleagues. This holiday reminds us of the importance of community and support in navigating complex legal challenges. We are committed to providing strategic solutions in bankruptcy, restructuring, and commercial litigation. Wishing everyone a safe and happy Independence Day.

https://conta.cc/4vgBfRU (Our recent newsletter!)

07/04/2026

As we celebrate the Fourth of July, we at MazurKraemer Law Group extend our heartfelt gratitude to our clients and colleagues. This holiday reminds us of the importance of community and support in navigating complex legal challenges. We are committed to providing strategic solutions in bankruptcy, restructuring, and commercial litigation. Wishing everyone a safe and happy Independence Day.

Email from MAZURKRAEMER BUSINESS LAW Happy Holidays to You and Yours     Friday, July 3, 2026 Visit our Website!   MAZURKRAEMER LAW GROUP HAPPY FOURTH OF JULY FROM ALL OF US!!!! Mesasge from Managing

06/29/2026

Saks Officially Emerges from Chapter 11 Protection with Less Debt and a New Name

Saks Global, the parent company of Neiman Marcus, Saks Fifth Avenue and Bergdorf Goodman, officially emerged from chapter 11 bankruptcy Friday with fewer stores, less debt, a more focused strategy to pamper the affluent — and a new name, the Associated Press reported. The company said Friday that the new entity will be called Exemplar Luxury Group, and with an improved balance sheet, including a nearly 75% debt reduction and $500 million in extra financing. Its CEO, Geoffroy van Raemdonck, said the New York-based company is ready for its next chapter after navigating several tumultuous years.

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06/22/2026

https://us06web.zoom.us/meeting/register/6jwIs7IzScii_cz_ZdRHdg #/registration

American Board of Certification Bankruptcy Lawyers-l