Extended Stay court examiner seeks more time
Bankruptcy
Ralph Mabey, a former bankruptcy judge who was appointed as the examiner, said he was seeking an additional 21 days to conduct the investigation, as he has had some difficulty in obtaining necessary witnesses, documents and other information that he had hoped to obtain consensually.
The examiner, who was originally expected to file his report on February 19, asked for a delay until March 12.
Extended Stay filed for bankruptcy protection in June saying it was "significantly over-leveraged" and that projected cash flows could not continue to service its more than $7 billion in debt.
In September, a U.S. bankruptcy judge approved a request by the U.S. Trustee for an examiner to be hired to probe questions surrounding the purchase and financing of the lodging chain.
The examiner is tasked with looking into the acquisition of Extended Stay by David Lichtenstein's Lightstone Group, which had purchased the chain of 680 hotels from a Blackstone Group LP (BX.N) affiliate, prior to its bankruptcy.
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Grounds for Divorce in Ohio - Sylkatis Law, LLC
A divorce in Ohio is filed when there is typically “fault” by one of the parties and party not at “fault” seeks to end the marriage. A court in Ohio may grant a divorce for the following reasons:
• Willful absence of the adverse party for one year
• Adultery
• Extreme cruelty
• Fraudulent contract
• Any gross neglect of duty
• Habitual drunkenness
• Imprisonment in a correctional institution at the time of filing the complaint
• Procurement of a divorce outside this state by the other party
Additionally, there are two “no-fault” basis for which a court may grant a divorce:
• When the parties have, without interruption for one year, lived separate and apart without cohabitation
• Incompatibility, unless denied by either party
However, whether or not the the court grants the divorce for “fault” or not, in Ohio the party not at “fault” will not get a bigger slice of the marital property.