Bankruptcy court awards $6.6 billion to SME owners, says creditor

The California Court of Appeal on Tuesday ruled in favor of a bankrupt SME company, saying the creditor must compensate the company’s former owners for lost wages and lost profits.

The case involves a small credit union that was acquired by a large bank in 2015 and later merged with another company to form Gojo Industries, which has since gone bankrupt.

Gojo was originally owned by the state’s biggest bankruptcy court, which in 2015 awarded the bankruptcy court $6,600 million in damages to SMEs who sued it.

The state’s highest bankruptcy court in February 2016 also awarded Gojo a $2.8 billion payment in a case brought by the federal government.

The California Supreme Court in March 2017 said it would review the appeal, but did not set a date for a decision.

The appeal stems from a lawsuit filed by the California Industrial Credit Union and its former members.

The case involved a large credit union, which went bankrupt in 2015.

In the lawsuit, the credit union alleged that Gojo owed $8.4 million in unpaid wages and $6 million in losses to the credit unions former employees.

The debt was later partially paid by the credit Union to Gojo’s former employees, the state court said.

The appeals court, however, said that it could not rule on the amount owed, as it was not an actionable debt.

The court said that the bankruptcy trustee was entitled to recover the unpaid wages, but that it would have to show that Gojos creditors had an “intent to use or cause harm to” the creditunions employees.

It also said that GoJo did not have a plan to pay the debt, but said that its creditors were still entitled to claim any interest on the debt owed by Gojo.

In its ruling, the California Supreme Justice said that if Gojo were to pay any portion of the unpaid wage owed to the creditors, it would violate the creditors agreement and “impose substantial and irreparable harm” on the creditunion.