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Home > Bankruptcy News

Bankruptcy News Jul 2010

Bankruptcy Scores: Riskiest Retail Stocks
These retailers have the lowest Altman Z-Scores, a metric used to determine the risk of bankruptcy. (Thu, 01 Jul 2010 05:13:27 -0700)

Bankruptcy Scores: 18 Riskiest Retail Stocks
These retailers carry the greatest risk of bankruptcy, according to the Altman Z-Score. We separate the ugliest from the merely bad. (Thu, 01 Jul 2010 06:43:27 -0700)

Bankruptcy Paralegal Service, Outsourced Paralegal Services LLC, Adds State of Georgia to Its Bankruptcy Petition ...
Bankruptcy Paralegal, Patrick Campbell, adds Georgia as its eighth state being serviced for bankruptcy petition filings. [PR.com] (Thu, 01 Jul 2010 07:45:20 -0700)

Bankruptcy trustee takes Durham's cars
Investment manager and businessman Tim Durham is surrendering 27 vehicles to a bankruptcy court to help repay debts. (Thu, 01 Jul 2010 10:19:04 -0700)

Bankruptcy judges gives Tribune examiner more time
The judge in the Tribune Co. bankruptcy case has given an independent examiner more time to probe the media company's 2007 leveraged buyout. (Thu, 01 Jul 2010 16:43:51 -0700)

Bankruptcy Judges Gives Tribune Examiner More Time
Bankruptcy judges gives examiner in Tribune case more time to probe 2007 buyout Bankruptcy - Law - United States - Services - Lawyers and Law Firms (Thu, 01 Jul 2010 17:13:47 -0700)

Bankruptcy judges gives Tribune examiner more time
The judge in the Tribune Co. bankruptcy case has given an independent examiner more time to probe the media company's 2007 leveraged buyout. The examiner has said reviewing the buyout, which was led by real estate mogul Sam Zell, has taken more time than... Sam Zell - Bankruptcy - Tribune Company - Real estate - Law (Thu, 01 Jul 2010 17:20:17 -0700)

Bankruptcy filings steady across region
By LARRY P. VELLEQUETTE BLADE BUSINESS WRITER Bankruptcy filings in northwest Ohio appear to have plateaued as the economic downturn drags on, but they remain on a pace to make 2010 the busiest year for bankruptcies locally since the law changed in 2005. Through the first six months of 2010, 4,518 cases have been filed across the in U.S. Bankruptcy Court in Toledo, an increase of 2 percent ... (Fri, 02 Jul 2010 08:07:05 -0700)

Bankruptcy filings on the rise
It's tough out there -- no jobs, home values plummeting -- and Americans are reacting by heading to bankruptcy court. (Fri, 02 Jul 2010 08:14:10 -0700)

Consumer Bankruptcies Rise 14% in First Half, Bankruptcy Institute Reports
U.S. consumer bankruptcy filings rose 14 percent to 770,117 in the first six months of 2010 from the same period a year earlier, the American Bankruptcy Institute reported. (Fri, 02 Jul 2010 08:24:48 -0700)

Consumer Bankruptcy Filings at Highest Level Since 2005
Consumer bankruptcy filings reached their highest point since 2005 in the first half of this year. (Fri, 02 Jul 2010 11:21:30 -0700)

Bankruptcy Bar plans for busy year
Its a difficult time, Jacksonville Division Chief Bankruptcy Court Judge Paul Glenn said Wednesday. (Fri, 02 Jul 2010 13:17:59 -0700)

Consumer Bankruptcy Filings Jump 14%
U.S. consumer bankruptcy filings increased 14 percent in the year's first half to the highest level since the nation's bankruptcy code was overhauled in 2005, the American Bankruptcy Institute said on Friday. (Fri, 02 Jul 2010 15:23:31 -0700)

Texas Rangers' bankruptcy won't hurt Surprise, officials say
The Texas Rangers' bankruptcy issues would not affect its spring-training deal with Surprise. (Sat, 03 Jul 2010 08:07:53 -0700)

Bankruptcy filings increase
Gerald Miller looks through bankruptcy case files in his office. Miller is Chapter 7 bankruptcy trustee for the Eastern District of Oklahoma as well as a bankruptcy attorney. (Sat, 03 Jul 2010 22:40:42 -0700)

Post-Bankruptcy, Bacchus Looks To Up Sales
An Irvine real estate developer has emerged from bankruptcy reorganization (Sun, 04 Jul 2010 12:28:13 -0700)

Fisker gets bankruptcy court green light to buy Boxwood plant
Fisker Automotive Inc., has been cleared to take over the old General Motors assembly plant in Newport after a federal bankruptcy judge approved the $20 million sale. Fisker expects to invest $175 million over three years re-tooling the Boxwood Road plant, which opened in 1947. (Mon, 05 Jul 2010 05:27:59 -0700)

Chinese Forum "2019: Malaysia Faces Bankruptcy?"
Will Malaysia face the threat of bankruptcy in 2019? What will be the impact, implications and consequences of such a threat, especially in the Malaysian political landscape? (Mon, 05 Jul 2010 07:19:10 -0700)

IT Holding Bankruptcy Administrators Extend Bid Deadline for Ferre Label
Administrators for IT Holding SpA , the Italian fashion company being reorganized under government- backed bankruptcy protection, extended the deadline for binding offers for the Gianfranco Ferre label until Aug. 2. (Mon, 05 Jul 2010 09:33:58 -0700)

California asks bankruptcy court for OK to sue Villalobos
California officials have asked a bankruptcy judge for permission to pursue their lawsuit against Alfred Villalobos, the former CalPERS board member they've accused of bribing top pension fund officials. (Mon, 05 Jul 2010 21:14:57 -0700)

Can you save your home in bankruptcy?
Dear Bankruptcy Adviser, I am presently contemplating filing for bankruptcy because I have less income to keep up with my debts. I had signed up for a credit counseling program to pay off my credit cards, but the payment is now becoming difficult to make. (Tue, 06 Jul 2010 04:42:10 -0700)

Fisker gets bankruptcy court green light to buy Boxwood plant
Fisker Automotive Inc., has been cleared to take over the old General Motors assembly plant in Newport after a federal bankruptcy judge approved the $20 million sale. Fisker expects to invest $175 million over three years re-tooling the Boxwood Road plant, which opened in 1947. (Tue, 06 Jul 2010 05:27:43 -0700)

Delaware bankruptcy court approves sale of Fuddruckers to Luby's
Cafeteria operator Luby's, Inc. announced that the United States Bankruptcy Court for the District of Delaware has approved the sale of substantially all of the assets of Fuddruckers, Inc., Magic Brands, LLC and certain of their affiliates (collectively, "Fuddruckers") to Luby's, Inc. for approximately $61 million in cash. (Tue, 06 Jul 2010 05:30:45 -0700)

Can you Save Your Home in Bankruptcy?
If you can't pay your mortgage loan, try getting a mortgage modification before filing bankruptcy. (Tue, 06 Jul 2010 05:37:27 -0700)

Carbondale lender wants Aspen landlord's bankruptcy dismissed
ASPEN A downtown landlord's bankruptcy is being challenged by a Carbondale-based lender that claims the Chapter 11 move was filed in bad faith. (Tue, 06 Jul 2010 07:07:12 -0700)

Fairfield Residential Wins Bankruptcy Court Approval for Reorganization
Fairfield Residential LLC, the owner and developer of 200 apartment projects, won court permission to reorganize and exit bankruptcy. (Tue, 06 Jul 2010 08:10:37 -0700)

Bankruptcy Filings in MN Highest In A Decade
More people are filing for bankruptcy in Minnesota.Filings, in fact, are at read more (Wed, 07 Jul 2010 10:55:44 -0700)

Bankruptcy list
Filed in U.S. Bankruptcy Court, Pittsburgh. (Wed, 07 Jul 2010 17:01:40 -0700)

Bankruptcy Filing Up In MN
Bankruptcy filings in Minnesota are at the highest level in a decade.Throug read more (Wed, 07 Jul 2010 21:11:55 -0700)

WaMu bankruptcy hearing adjourned till July 20
WILMINGTON, Del., July 8 (Reuters) - A Washington Mutual Inc bankruptcy hearing to consider the company's disclosure statement and a request by shareholders for an examiner was postponed on Thursday and tentatively rescheduled for July 20. (Thu, 08 Jul 2010 09:40:05 -0700)

WaMu bankruptcy judge postpones hearing
Washington Mutual's bankruptcy case has hit another snag, as talks between attorneys for the bank holding company and creditors objecting to its reorganization plan forced the postponement of another hearing. (Thu, 08 Jul 2010 09:46:21 -0700)

WaMu bankruptcy judge postpones hearing
Washington Mutual's bankruptcy case has hit another snag, as talks between attorneys for the bank holding company and creditors objecting to its reorganization plan forced the postponement of another hearing. At the request of a Washington Mutual attorney,... Washington Mutual - Bankruptcy - United States - Holding company - Law (Thu, 08 Jul 2010 10:20:27 -0700)

WaMu Bankruptcy Judge Postpones Hearing
Washington Mutual judge postpones hearing, negotiations on reorganization plan continue United States - Business - Bankruptcy - Products and Services - Healthcare (Thu, 08 Jul 2010 10:28:50 -0700)

Phoenix bankruptcy rates improved in June
Valley bankruptcy filings dropped from a third straight month in June, as experts wonder if the improvement will last. (Thu, 08 Jul 2010 19:36:28 -0700)

filing for bankruptcy
A debt-burdened consumer files for bankruptcy if he or she has no money, according to the constitutional right of American citizenship, should not be expensive and the debtor should be able to afford it. The basic question ruling everyones mind is, Can bankruptcy be filed for free? (Fri, 09 Jul 2010 00:12:58 -0700)

Delaware bankruptcy court approves sale of Fuddruckers to Luby's
Cafeteria operator Luby's, Inc. announced that the United States Bankruptcy Court for the District of Delaware has approved the sale of substantially all of the assets of Fuddruckers, Inc., Magic Brands, LLC and certain of their affiliates (collectively, "Fuddruckers") to Luby's, Inc. for approximately $61 million in cash. (Fri, 09 Jul 2010 05:30:45 -0700)

Court aims for Texas Rangers to emerge from bankruptcy on July 22
Bankruptcy judge meets privately with attorneys after two days of mediation fail to move the process along. (Fri, 09 Jul 2010 21:42:51 -0700)

Phoenix-area bankruptcy filings fall again in June
PHOENIX (AP) - Bankruptcy filings in the Phoenix metropolitan area decreased 3.9% in June, the third consecutive month that rates have fallen. According to the U.S. Bankruptcy Court in Phoenix, the metro area had 2,656 consumer and business filings last month. (Fri, 09 Jul 2010 21:57:38 -0700)

NEPA bankruptcy filings way up
Bankruptcy filings among contracting and construction companies continue to build from weakness in the economy in Pennsylvania's middle district, where filings are up 7.1 percent in the first six months compared to 2009. (Sat, 10 Jul 2010 07:13:15 -0700)

Bankruptcy for BP: The big 'What if?'
TALLAHASSEE, Fla., July 10 (UPI) -- If currents carry oil to East Coast states, Cuba and other Caribbean nations, liability lawsuits could hit levels BP could not handle, a U.S. expert said. Cuba - Caribbean - United States - East Coast of the United States - Environment (Sat, 10 Jul 2010 07:41:35 -0700)

Phoenix bankruptcy rates improved in June
The Valley's bankruptcy situation improved for a third straight month in June, with filings now showing their lowest year-over-year increase since the recession began. (Sat, 10 Jul 2010 08:20:18 -0700)

Phoenix-area bankruptcy filings fall again in June
PHOENIX (AP) Bankruptcy filings in the Phoenix metropolitan area decreased 3.9 percent in June, the third consecutive month that rates have fallen. According to the U.S. Bankruptcy Court in Phoenix, the metro area had 2,656 consumer and business filings last month. Experts cite job losses and real-estate woes as two main catalysts forcing people to seek protection from creditors. Bankruptcy ... (Sat, 10 Jul 2010 13:55:16 -0700)

Bankruptcy filing won't close King of Diamonds
The King of Diamonds Gentleman's Club in Inver Grove Heights has filed for bankruptcy, but owner Susan Kladek plans to keep the doors open. (Sat, 10 Jul 2010 15:03:16 -0700)

Phoenix Bankruptcy Filings Fall in May
Bankruptcy filings in the Phoenix metropolitan area fell in May for the second straight month. (Sat, 10 Jul 2010 15:49:34 -0700)

Bankruptcy trustee Randy Seaver flexing his investigative muscle in Hecker case
Note to anyone contemplating bankruptcy: Don't get on the wrong side of the trustee handling your case, especially if that trustee is Randy Seaver. (Sat, 10 Jul 2010 22:09:45 -0700)

The bankruptcy of giant farming co-op Tri Valley Growers holds lessons
The bankruptcy of Tri Valley Growers, a huge grower- owned cooperative, cast a pall over tomato and (Sun, 11 Jul 2010 03:26:19 -0700)

Bankruptcy filings down from previous month
The good news is the number of bankruptcy filings in New Hampshire continues to fall. The bad news is filings in June and for the year are still ahead of last year, when a record number of bankruptcies were filed. Some 443 individuals and businesses filed for bankruptcy protection in June about 20 more than last year. So far this year, there have been 3,341 filings. (Sun, 11 Jul 2010 04:56:40 -0700)

Delaware bankruptcy court approves sale of Fuddruckers to Luby's
Cafeteria operator Luby's, Inc. announced that the United States Bankruptcy Court for the District of Delaware has approved the sale of substantially all of the assets of Fuddruckers, Inc., Magic Brands, LLC and certain of their affiliates (collectively, "Fuddruckers") to Luby's, Inc. for approximately $61 million in cash. (Sun, 11 Jul 2010 05:29:05 -0700)

Bankruptcy court filings
These firms recently filed with the U.S. Bankruptcy Court's local clerk of court offices. Bankruptcy - United States - Law - Services - Lawyers and Law Firms (Sun, 11 Jul 2010 21:00:00 -0700)

Circor unit files for bankruptcy over asbestos claims
Industrial machinery maker Circor International's subsidiary Leslie Controls Inc filed for Chapter 11 bankruptcy on Monday in a bid to isolate and resolve asbestos-related personal injury claims. (Mon, 12 Jul 2010 05:24:19 -0700)

Delaware bankruptcy court approves sale of Fuddruckers to Luby's
Cafeteria operator Luby's, Inc. announced that the United States Bankruptcy Court for the District of Delaware has approved the sale of substantially all of the assets of Fuddruckers, Inc., Magic Brands, LLC and certain of their affiliates (collectively, "Fuddruckers") to Luby's, Inc. for approximately $61 million in cash. (Mon, 12 Jul 2010 05:28:01 -0700)

Bankruptcy shadow lengthens in Mercer
TRENTON - Bankruptcy filings are soaring locally and across the nation as unaffordable mortgages, job losses, the credit squeeze and mounting debt force individuals and businesses to default on their obligations and go to the courts for relief. (Mon, 12 Jul 2010 07:39:04 -0700)

Bankruptcy and 2nd Liens
Underwater homeowners are jumping onto an unexpected financial life raft that lets them escape crippling second mortgage debts and keep their homes -- Chapter 13 bankruptcy. (Mon, 12 Jul 2010 08:32:27 -0700)

Rangers bankruptcy negotiator threatened
FORT WORTH, Texas, July 12 (UPI) -- The negotiator appointed to help lift the Texas Rangers out of bankruptcy has received phone threats, a judge said Monday. Texas Rangers - Fort Worth Texas - Bankruptcy - Law - Services (Mon, 12 Jul 2010 19:40:27 -0700)

Gay Database Jeopardized By Bankruptcy
The fate of a database containing thousands of gay teenagers names is in question following the bankruptcy of XY Magazine, which owned the names. While creditors want to grab the asset, opponents say it would violate the privacy of minors. (Tue, 13 Jul 2010 02:05:00 -0700)

Delaware bankruptcy court approves sale of Fuddruckers to Luby's
Cafeteria operator Luby's, Inc. announced that the United States Bankruptcy Court for the District of Delaware has approved the sale of substantially all of the assets of Fuddruckers, Inc., Magic Brands, LLC and certain of their affiliates (collectively, "Fuddruckers") to Luby's, Inc. for approximately $61 million in cash. (Tue, 13 Jul 2010 05:27:47 -0700)

Wharton, bankruptcy judges to testify at House Judiciary hearing in Memphis
Memphis Mayor A C Wharton and two Memphis-based bankruptcy judges are among the witnesses scheduled to testify when a U.S. House Judiciary subcommittee holds a field hearing Monday Downtown. (Tue, 13 Jul 2010 09:22:00 -0700)

Bankruptcy claims trading falls in June
The trading of claims in bankruptcy cases fell to $2.1 billion in June, down for the second straight month, as several large companies prepared to exit Chapter 11, according to data released on Tuesday. (Tue, 13 Jul 2010 09:46:50 -0700)

Bankruptcy judge expresses concerns about Prichard's ability to 'stay afloat'
Agreeing that Prichard's pension system is a "classic pyramid scheme," the judge presiding over city's bankruptcy expressed worries today about whether it can pay its bills if it makes even the meager payments to retirees that it has proposed. (Tue, 13 Jul 2010 14:40:53 -0700)

Bankruptcy judge sets Aug. 4 auction for Texas Rangers after contentious hearing
FORT WORTH, Texas - A federal bankruptcy judge decided Tuesday that the Texas Rangers will be auctioned off after all, despite angry creditors' claims that the bidding process is unfair and still favours Major League Baseball's preferred buyer. (Tue, 13 Jul 2010 15:28:10 -0700)

Rangers bankruptcy auction set for Aug. 4
FORT WORTH, Texas, July 13 (UPI) -- The auction date for the Texas Rangers baseball team was set for Aug. 4 by a U.S. bankruptcy judge Tuesday. Texas Rangers - Baseball - United States - Chuck Greenberg - Services (Tue, 13 Jul 2010 18:55:37 -0700)

Undeliverable bankruptcy notices to forwarded to debtors
The Bankruptcy Noticing Center used by the U.S. Bankruptcy Court to mail notices to debtors and creditors will stop printing and mailing notices to invalid addresses. Instead the center will now forward the notices to the debtor or debtor's attorney who will need to mail the notice to the creditors and correct the addresses on file. (Tue, 13 Jul 2010 20:50:39 -0700)

Bankruptcy judge delays Texas Rangers auction to Aug. 4
A U.S. bankruptcy judge, puckishly declaring he wanted to make each side equally displeased, on Tuesday pushed the date of the Texas Rangers auction back to Aug. 4 and said the team could emerge from bankruptcy the same day. (Tue, 13 Jul 2010 21:19:48 -0700)

Bankruptcy judge orders auction of Texas Rangers
A US bankruptcy judge has decided that the cash-strapped Texas Rangers will be auctioned off, setting a date of Aug. 4 for the bidding. (Wed, 14 Jul 2010 09:39:26 -0700)

Tribune bankruptcy attorneys argue over hearing on confirmation of reorganization plan
WILMINGTON, Del. - The judge in the Tribune Co.'s bankruptcy said Wednesday that there's no way to avoid arguments about the media conglomerate's 2007 leveraged buyout at a hearing on whether to confirm its reorganization plan. (Wed, 14 Jul 2010 15:19:01 -0700)

Bankruptcy list
Filed in U.S. Bankruptcy Court, Pittsburgh. (Wed, 14 Jul 2010 17:11:03 -0700)

Texas has biggest division lead despite bankruptcy
The Texas Rangers are in bankruptcy and up for auction. They went into the All-Star break after being swept at home by the worst team in the majors. No longer is it a certainty that Nolan Ryan, the Hall of Fame pitcher and team president, will become a co-owner. And yet the Rangers are having arguably their best season ever. (Wed, 14 Jul 2010 18:07:39 -0700)

Delaware bankruptcy court approves sale of Fuddruckers to Luby's
Cafeteria operator Luby's, Inc. announced that the United States Bankruptcy Court for the District of Delaware has approved the sale of substantially all of the assets of Fuddruckers, Inc., Magic Brands, LLC and certain of their affiliates (collectively, "Fuddruckers") to Luby's, Inc. for approximately $61 million in cash. (Thu, 15 Jul 2010 06:12:52 -0700)

Bankruptcy Remains On Front Burner
When two of West Tennessees five bankruptcy judges arrive at the University of Memphis Downtown law school Monday to address representatives of a U.... (Thu, 15 Jul 2010 14:09:11 -0700)

Michael Vick bankruptcy trustee seeks $2M repayment
The trustee in Michael Vick's bankruptcy case is seeking repayment of at least $2 million that Vick doled out to friends and family members in the months before he was sent to federal prison. (Thu, 15 Jul 2010 16:10:16 -0700)

Bankruptcy trustee seeks money from Vick notes
RICHMOND, Va. The trustee in Michael Vicks bankruptcy case is seeking repayment of at least $2 million that the NFL quarterback doled out to friends and family members in the months before he was sent to federal prison for running a dogfighting operation. (Thu, 15 Jul 2010 22:23:16 -0700)

Delaware bankruptcy court approves sale of Fuddruckers to Luby's
Cafeteria operator Luby's, Inc. announced that the United States Bankruptcy Court for the District of Delaware has approved the sale of substantially all of the assets of Fuddruckers, Inc., Magic Brands, LLC and certain of their affiliates (collectively, "Fuddruckers") to Luby's, Inc. for approximately $61 million in cash. (Fri, 16 Jul 2010 05:27:54 -0700)

Vick Bankruptcy Trustee Seeks Money Given to Family and Friends
*The trustee in Michael Vicks bankruptcy case wants the return of at least $2 million that the NFL quarterback gave to friends and family members in the months before he was sent to federal prison for running a dogfighting operation. A complaint filed in U.S. Bankruptcy Court in Newport News says Vick knew he was [...] (Fri, 16 Jul 2010 06:30:17 -0700)

Vick bankruptcy trustee: What happened to money?
NEWPORT NEWS The trustee in the Michael Vick bankruptcy case has filed suit against Vick's family and friends to determine what happened to money the NFL quarterback turned over to them before he filed for bankruptcy in 2008. (Fri, 16 Jul 2010 08:50:59 -0700)

WCI, recovering from bankruptcy, resumes building along Florida Gulf Coast
WCI emerged from bankruptcy protection and now it is building again. Permits have been pulled for 10 homes in Lee and Sarasota counties. Crews poured concrete slabs for some of those homes this week. Many in Southwest Florida are surprised to learn WCI made it through bankruptcy. David Fry, who remains the companys chief executive, is working hard to get the word out. (Fri, 16 Jul 2010 10:30:00 -0700)

Bankruptcy lawyers on pace for record year
Bankruptcy and foreclosure lawyers arent getting a lot of rest these days. The down economy which has wreaked havoc on entrepreneurs, banks and real estate developers has spawned a big demand for attorneys in those practice areas. (Fri, 16 Jul 2010 11:44:08 -0700)

Retirees' Bankruptcy Protection Act Trumps ERISA, 3rd Circuit Rules
In a huge win for labor, the 3rd Circuit has ruled that a corporation in bankruptcy cannot terminate its retirees' health and life insurance benefits -- even if its ERISA plan explicitly reserved its right to unilaterally terminate such benefits -- unless it can show that doing so is a necessary part of its reorganization plan. The decision promises to alter the playing field in big corporate ... (Fri, 16 Jul 2010 20:39:58 -0700)

Texas Rangers' bankruptcy needs to be done right, without Hicks' side deals
If the Texas Rangers' bankruptcy were a sports team, I'd say blow it up and start over. (Fri, 16 Jul 2010 22:08:56 -0700)

Bankruptcy filings
AVALANCHE-JOURNAL (Sat, 17 Jul 2010 22:11:56 -0700)

Just how big was Linda McMahon's bankruptcy debt?
Her rise from bankruptcy to riches, along with husband Vince McMahon, as they built their wrestling company into a billion-dollar entertainment juggernaut, is an established part of the officially sanctioned Linda McMahon story. (Sat, 17 Jul 2010 23:13:59 -0700)

Delaware bankruptcy court approves sale of Fuddruckers to Luby's
Cafeteria operator Luby's, Inc. announced that the United States Bankruptcy Court for the District of Delaware has approved the sale of substantially all of the assets of Fuddruckers, Inc., Magic Brands, LLC and certain of their affiliates (collectively, "Fuddruckers") to Luby's, Inc. for approximately $61 million in cash. (Sun, 18 Jul 2010 05:27:54 -0700)

Bankruptcy judge approves sale of Henrico-based Mattress King
A Richmond bankruptcy judge has approved the sale of Mattress King's remaining assets to Maryland-based Mattress Discounters. The deal includes assuming leases on two Mattress King stores, assets, inventory and intellectual property including its name. U.S. Bankruptcy Judge Douglas O. Tice. Jr. last week gave preliminary approval to the $190,000 ... (Mon, 19 Jul 2010 14:07:09 -0700)

Bankruptcy talk on hold at PLJ
By Tony de Garate Contributor Bankruptcy could still be a possibility for Promote La Jolla even though the group's skeletal leadership skipped a scheduled discussion of the matter at its July 14 meeting. The embattled group, which meets monthly with a board of directors that has been reduced from 16 to its current five over the last year, had planned to discuss bankruptcy if the city ultimately ... (Mon, 19 Jul 2010 18:48:48 -0700)

WaMu Bankruptcy Judge to Appoint Examiner
Washington Mutual bankruptcy judge will appoint examiner to review settlement, estate assets Washington Mutual - United States - Law - Services - Lawyers and Law Firms (Tue, 20 Jul 2010 09:44:07 -0700)

WaMu bankruptcy judge gives victory to shareholders
WILMINGTON, Del. The judge in Washington Mutual Inc.s bankruptcy has agreed to appoint an independent examiner requested by the companys shareholders. Attorneys for WaMu and several creditors argued that the examiner should be limited to determining whether a settlement agreement involving JPMorgan Chase and the Federal Deposit Insurance Corp. that is the basis for the banking companys ... (Tue, 20 Jul 2010 09:50:28 -0700)

WaMu bankruptcy judge to appoint examiner
Washington Mutual bankruptcy judge will appoint examiner to review settlement, estate assets (Tue, 20 Jul 2010 10:57:18 -0700)

Bankruptcy auction of Texas Rangers should be delayed, court-appointed official says
A court-appointed official in the messy Texas Rangers bankruptcy case says the team's Aug. 4 auction should be delayed. (Tue, 20 Jul 2010 11:11:53 -0700)

Attend a free bankruptcy clinic
Learn how to file for bankruptcy by attending a free clinic offered by Put Something Back and The Bankruptcy Bar Association. A bankruptcy attorney may be present to discuss your case or give advice on general bankruptcy matters. (Tue, 20 Jul 2010 14:16:04 -0700)

Filing Involuntary Bankruptcy Against Ex-Client Gets Law Firm Sanctioned
A law firm must pay punitive damages, attorney fees and costs for its bad-faith filing of an involuntary bankruptcy petition against a former client as a "tactical maneuver," a federal bankruptcy judge in New Jersey has ruled. Scarola Ellis claims Skyworks Ventures owes it $200,000 in fees, while the former client says in a related suit that the firm engaged in overbilling and malpractice. The ... (Tue, 20 Jul 2010 20:08:34 -0700)

Bankruptcy can save your house from foreclosure
Slick TV commercials and online ads tell delinquent borrowers that they can save their homes by filing for personal bankruptcy. But is it true -- or just too good to be true? (Wed, 21 Jul 2010 00:59:22 -0700)

Bankruptcy Filings Jump In Connecticut
Bankruptcy filings in Connecticut rose nearly 20 percent in the first half of 2010 compared to the same period last year, with Chapter 7 filings accounting for the largest percentage, according to a new report today. (Wed, 21 Jul 2010 08:57:44 -0700)

Bankruptcy filings jump 20 percent in first two quarters
BOSTON Bankruptcy filings in Connecticut rose 19.7 percent in the first half of the year compared to the same period in 2009, according to a new report from The Warren Group, publisher of The Commercial Record. (Wed, 21 Jul 2010 09:32:20 -0700)

Group: Bankruptcy filings up 20 percent in first half 2010
BOSTON - Bankruptcy filings in the state rose 19.7 percent in the first half of the year compared to the same period in 2009, according to a new report from The Warren Group, publisher of The Commercial Record. (Wed, 21 Jul 2010 12:08:46 -0700)

Nolan Ryan says bankruptcy hurting Texas Rangers
Keeping the Texas Rangers in bankruptcy court by delaying the Aug. 4 auction will hurt the team and maybe even cost them slugger Josh Hamilton after this season, Hall of Fame pitcher Nolan Ryan told a federal bankruptcy judge Wednesday. Ryan said he was testifying in his capacity as the team's president, although he and Pittsburgh sports attorney Chuck Greenberg have the endorsement of Major... (Wed, 21 Jul 2010 16:07:20 -0700)

Nolan Ryan says bankruptcy hurting Texas Rangers
Keeping the Texas Rangers in bankruptcy court by delaying the Aug. 4 auction will hurt the team and maybe even cost them slugger Josh Hamilton after this season, Hall of Fame pitcher Nolan Ryan told a federal bankruptcy judge Wednesday. (Wed, 21 Jul 2010 16:40:45 -0700)

Bankruptcy court judge promises normalcy
Bankruptcy court judge promises normalcy (Wed, 21 Jul 2010 17:14:12 -0700)

Bay State bankruptcy filings climb 25 percent
Bankruptcy filings in Massachusetts soared by 25 percent in the first half of the year, compared to the same period... (Thu, 22 Jul 2010 06:42:08 -0700)

Bankruptcy Filings Rise 25 Percent
Despite signs of economic recovery, U.S. bankruptcy code filings in Massachusetts rose 25 percent in the first half of 2010, one real estate group said. (Thu, 22 Jul 2010 08:27:54 -0700)

Report: Bankruptcy filings up 25 percent in Mass.
A new report shows bankruptcy filings in Massachusetts surged by 25 percent during the first half of the year, as more individuals struggled to pay off debt. Bankruptcy - United States - Massachusetts - Debt - Law (Thu, 22 Jul 2010 10:20:59 -0700)

Report: Bankruptcy Filings Up 25 Percent In Mass.
A new report shows bankruptcy filings in Massachusetts surged by 25 percent during the first half of the year, as more individuals struggled to pay off debt. (Thu, 22 Jul 2010 13:21:33 -0700)

Judge: Bankruptcy won't interfere with play
Judge: Bankruptcy won't interfere with play (Thu, 22 Jul 2010 17:44:12 -0700)

Bankruptcy filings in state up 20% over 2009
Bankruptcy filings in Connecticut climbed 20 percent in the first two quarters compared to the same period in 2009 and rose 6.5 percent from the last half of 2009, according to a new report from banking and real estate research firm The Warren Group. (Thu, 22 Jul 2010 22:41:22 -0700)

Bankruptcy bids surge in 2010
SPRINGFIELD - Filings for Chapter 13 bankruptcy protection, a tactic often used to stave off mortgage foreclosure, were up 82.9 percent in Hampden County in the first half of 2010. (Fri, 23 Jul 2010 00:38:47 -0700)

Delaware bankruptcy court approves sale of Fuddruckers to Luby's
Cafeteria operator Luby's, Inc. announced that the United States Bankruptcy Court for the District of Delaware has approved the sale of substantially all of the assets of Fuddruckers, Inc., Magic Brands, LLC and certain of their affiliates (collectively, "Fuddruckers") to Luby's, Inc. for approximately $61 million in cash. (Fri, 23 Jul 2010 05:28:40 -0700)

Syracuse bankruptcy lawyer Christopher Chadick never filed clients' paperwork
Christopher Chadick As a bankruptcy lawyer, Christopher Chadick took $49,000 from nearly 50 clients over the past three years but in most cases never filed paperwork that wouldve protected them from creditors, according to court papers. His failure to file... (Sun, 25 Jul 2010 07:25:24 -0700)

Bankruptcy court filings
These firms recently filed with the U.S. Bankruptcy Court's local clerk of court offices. Bankruptcy - United States - Law - Services - Lawyers and Law Firms (Sun, 25 Jul 2010 21:00:00 -0700)

Tribune Bankruptcy Examiner Issues Conclusions on 2007 Buyout by Sam Zell
The bankruptcy examiner probing Tribune Co.s 2007 buyout filed a report on whether creditors can successfully challenge the $8.3 billion deal. (Mon, 26 Jul 2010 17:24:50 -0700)

Temporary bankruptcy reprieve for May Wang
Failed property developer May Wang has been handed a temporary reprieve in the High Court at Auckland today where she faced bankruptcy. Westpacs application to bankrupt Ms Wang over a $620,000 debt has been adjourned until November 2 for a two-day fixture to hear objections to her creditors proposal. Ms Wang presented the proposal to creditors late last month offering 6.5c in the dollar to ... (Mon, 26 Jul 2010 17:58:18 -0700)

Bankruptcy filings in state up 20% over 2009
Bankruptcy filings in Connecticut climbed 20 percent in the first two quarters compared to the same period in 2009 and rose 6.5 percent from the last half of 2009, according to a new report from banking and real estate research firm The Warren Group. (Mon, 26 Jul 2010 22:41:57 -0700)

2 steps to finding credit after bankruptcy
Even after struggling through bankruptcy, you'll eventually find credit. This action plan can help. (Tue, 27 Jul 2010 03:00:00 -0700)

Latvia's Personal Bankruptcy Law Won't Impact Nordic Lenders, Nordea Says
A Latvian personal bankruptcy law passed by parliament yesterday wont hurt Nordic lenders because provisions set aside for bad loans will cover the impact of the bill, according to Nordea Bank AB. (Tue, 27 Jul 2010 04:28:30 -0700)

2 steps to finding credit after bankruptcy
Dear Bankruptcy Adviser, I have had really good credit for the past 20 years and recently went through a bankruptcy and am wondering how to "start over." (Tue, 27 Jul 2010 04:41:07 -0700)

Delaware bankruptcy court approves sale of Fuddruckers to Luby's
Cafeteria operator Luby's, Inc. announced that the United States Bankruptcy Court for the District of Delaware has approved the sale of substantially all of the assets of Fuddruckers, Inc., Magic Brands, LLC and certain of their affiliates (collectively, "Fuddruckers") to Luby's, Inc. for approximately $61 million in cash. (Tue, 27 Jul 2010 05:27:55 -0700)

Soccer Clubs Threatened With Bankruptcy on High Salaries, Consultant Says
Soccer clubs in Europe may be facing bankruptcy unless changes including stricter financial controls are put in place, according to an A.T. Kearney study that looked at teams in England, Spain, Germany, France and Italy. (Tue, 27 Jul 2010 08:29:09 -0700)

Sea Launch post-bankruptcy plan wins court approval
A Delaware bankruptcy court confirmed Sea Launch's plan to reorganize under majority Russian ownership Tuesday, clearing a key hurdle on the firm's path to emerge from bankruptcy later this year. (Tue, 27 Jul 2010 19:20:22 -0700)

Food Share Bankruptcy Leaves Freight Company With $52,000 Bill
A freight company that lined up transportation to deliver food supplies was left holding the bag when Food Share America declared bankruptcy. (Tue, 27 Jul 2010 22:58:31 -0700)

Bankruptcy pace continues to slow
The good news is the number of bankruptcy filings n New Hampshire continues to fall. The bad news is filings in June and for the year are still ahead of last year, when a record number of bankruptcies were filed.Some 443 individuals and businesses filed for bankruptcy protection in June -- some 20 more than last year and the most since the June record of 452 that were filed in 1997, nearly a ... (Wed, 28 Jul 2010 04:42:26 -0700)

Bankruptcy in Connecticut Increases By 24%
During the first half of 2010, bankruptcy filings for individuals in Connecticut jumped by 24 percent compared to a year ago. In fact, personal bankruptcies accounted for 89 percent of all bankruptcies tracked by the Warren Group, a real estate data firm in Boston, from January to June. (Wed, 28 Jul 2010 07:25:28 -0700)

Bankruptcy filings in state up 16% at midyear
Bankruptcy filings in Wisconsin rose 16% during the first half of this year, an increase lawyers say was driven largely by consumers and small-business operators who couldn't find enough work in the slow economy to keep up with their debts. (Wed, 28 Jul 2010 09:40:40 -0700)

Former bankruptcy attorneys clients to get a share of more than $43,000
A judge ruled former clients of Roanoke bankruptcy attorney Ann Marie Miller to split more than $43,000 owed to them. (Wed, 28 Jul 2010 14:48:16 -0700)

Bankruptcy filings up 16 percent
MILWAUKEE Bankruptcy filings are up 16 percent in Wisconsin during the first half of the year. U.S. Bankruptcy Court records show more than 16,000 petitions were filed through June. Eighty-two percent of the petitions are for Chapter 7 bankruptcy. Thats the type that lets consumers wipe out debt such as credit card balances and medical and utility bills. Bankruptcy attorneys tell the Journal ... (Thu, 29 Jul 2010 06:57:08 -0700)

Bankruptcy trustee sues Florida GOP for donations by defunct Fort Lauderdale law firm
Bankruptcy trustee sues Florida GOP for donations by defunct Fort Lauderdale law firm (Thu, 29 Jul 2010 07:36:03 -0700)

Bankruptcy filings up 16 percent in Wisconsin
MILWAUKEE (AP) Bankruptcy filings are up 16 percent in Wisconsin during the first half of the year. U.S. Bankruptcy Court records show more than 16,000 petitions were filed through June. Eighty-two percent of the petitions are for Chapter 7 bankruptcy. Thats the type that lets consumers wipe out debt such as credit card balances and medical and utility bills. Bankruptcy attorneys tell the ... (Thu, 29 Jul 2010 07:56:34 -0700)

#AR01: Rick Crawford, Bankruptcy and the Economy
Rick Crawford, the GOP nominee for U.S. House, Dist. 1, filed for bankruptcy 16 years ago in Missouri, reports the Arkansas Democrat Gazette. Mr. Crawford, a self-proclaimed deficit hawk, was required to file as a result of more than $12,000 in credit card, utility and other debt. Mr. Crawfords campaign rhetoric has been very harsh on [...] (Thu, 29 Jul 2010 08:04:42 -0700)

Ponzi Schemer's Bankruptcy Trustee Sues Florida GOP for Donations Payback
Bankruptcy attorneys for the Scott Rothstein estate have filed suit against the Republican Party of Florida, seeking the repayment of $237,000 in campaign contributions from the jailed former attorney. In a suit filed this week in U.S. Bankruptcy Court in Fort Lauderdale, Berger Singerman, the law firm for trustee Herbert Stettin, alleges that the Florida GOP has refused to return more than 10 ... (Thu, 29 Jul 2010 10:06:53 -0700)

Tribune bankruptcy: Some access to examiner report
U.S. Bankruptcy Judge Kevin Carey indicated he would sign an order providing certain key parties access to the full examiners report in the Tribune Co. bankruptcy case so they can evaluate its momentous conclusions before an Aug. 6 voting deadline. (Thu, 29 Jul 2010 10:34:57 -0700)

Bankruptcy judge allows parties to see report critical of debt-laden Tribune Co. buyout
WILMINGTON, Del. - A bankruptcy judge in Wilmington is allowing limited access to a confidential report that criticizes the debt-laden buyout of newspaper publisher Tribune. (Thu, 29 Jul 2010 10:39:16 -0700)

Bankruptcy Filings Up 16 Percent
Bankruptcy filings are up 16 percent in Wisconsin during the first half of the year. (Thu, 29 Jul 2010 12:55:27 -0700)

Federal bankruptcy judge OKs purchase of Ohio-based Brown Publishing Co. by company insiders
CENTRAL ISLIP, N.Y. - A federal bankruptcy court on Thursday approved the $26 million sale of Ohio-based newspaper chain Brown Publishing Co. to a group of company insiders led by current President and Chief Executive Roy Brown. (Thu, 29 Jul 2010 15:54:36 -0700)

Bankruptcy in Connecticut Increases By 24%
During the first half of 2010, bankruptcy filings for individuals in Connecticut jumped by 24 percent compared to a year ago. In fact, personal bankruptcies accounted for 89 percent of all bankruptcies tracked by the Warren Group, a real estate data firm in Boston, from January to June. (Thu, 29 Jul 2010 16:08:22 -0700)

Bankruptcy filing pace slows down here
Filings in U.S. Bankruptcy Court here continued to grow during the first half of this year, but at only a 4 percent pace, well below the 44 percent jump in the first six months of 2009 and the 31 percent jump during all of last year. (Fri, 30 Jul 2010 00:08:50 -0700)

Delaware bankruptcy court approves sale of Fuddruckers to Luby's
Cafeteria operator Luby's, Inc. announced that the United States Bankruptcy Court for the District of Delaware has approved the sale of substantially all of the assets of Fuddruckers, Inc., Magic Brands, LLC and certain of their affiliates (collectively, "Fuddruckers") to Luby's, Inc. for approximately $61 million in cash. (Fri, 30 Jul 2010 05:27:44 -0700)

Bankruptcy Management Solutions Completes Restructuring Efforts to Increase Financial Stability and Position Company ...
IRVINE, Calif.----Bankruptcy Management Solutions, Inc., BMS Holdings, Inc. and their affiliates have reached an agreement on the material terms of a consensual debt-for-equity exchange with BMS lenders representing a majority of each of the Companys outstanding first lien and second lien bank debt and over 90% of the Companys Floating Rate Senior PIK Notes due 2012. (Fri, 30 Jul 2010 16:02:00 -0700)

Bankruptcy filing gives both sides of dairy farm project in Leonidas a lot to talk about
The company that owns the 275-acre property on which a large-scale dairy farm is proposed has filed for bankruptcy. (Sat, 31 Jul 2010 07:06:08 -0700)


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