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Home > Bankruptcy News

Bankruptcy News Apr 2013

Residents of Stockton, Calif. await bankruptcy decision
For the people of Stockton, a federal judge's anticipated decision Monday on the city's bankruptcy petition will affect their day-to-day lives for decades to come. (Mon, 01 Apr 2013 08:53:32 GMT)

Stockton bankruptcy decision only the beginning
For the people of Stockton, a federal judge's anticipated decision Monday on the city's bankruptcy petition will affect their day-to-day lives for decades to come. But the Chapter 9 bankruptcy case also ... (Mon, 01 Apr 2013 13:11:41 GMT)

Stockton Bankruptcy Decision Will Have Long-Term Effects
For the people of Stockton, a federal judge's anticipated decision Monday on the city's bankruptcy petition will affect their day-to-day lives for decades to come. (Mon, 01 Apr 2013 16:31:29 GMT)

Stakes High as Judge Weighs Stockton Bankruptcy
Can federal bankruptcy law trump the California law that says debts to the state pension fund must be honored? (Mon, 01 Apr 2013 16:34:05 GMT)

Monday's Stockton bankruptcy decision only the beginning
For the people of Stockton, a federal judge's anticipated decision Monday on the city's bankruptcy petition will affect their day-to-day lives for decades to come. But the Chapter 9 bankruptcy case also is being closely watched nationally for the potential precedent-setting implications: whether federal bankruptcy law trumps the California law that says debts to the state pension fund must be ... (Mon, 01 Apr 2013 16:51:46 GMT)

Stockton bankruptcy in hands of federal judge
A judge is expected to decide if Stockton will become the most populous city in the US to enter bankruptcy protection. (Mon, 01 Apr 2013 17:34:40 GMT)

Stockton, California eligible for municipal bankruptcy protection: judge
SACRAMENTO (Reuters) - Stockton, California, was ruled eligible for bankruptcy protection under Chapter 9 of the U.S. bankruptcy code, a U.S. judged said on Monday, turning aside creditors' arguments that the city was not truly insolvent when it sought protection last year and had improperly failed to seek concessions. In a case that has been widely watched by the $3.7 trillion municipal bond ... (Mon, 01 Apr 2013 19:12:32 GMT)

Judge Rules Stockton, Calif., to Enter Bankruptcy
The court ruling makes Stockton the most populous city in the nation to enter bankruptcy . (Mon, 01 Apr 2013 19:24:36 GMT)

All eyes on Stockton as judge OKs bankruptcy
A U.S. bankruptcy judge’s decision Monday cleared the way for indebted Stockton, Calif., to seek relief through Chapter 9 bankruptcy . Experts say the precedent-setting case has implications for other financially struggling cities such as Detroit, as well as municipal bondholders, public workers and retirees. “The fact of the matter is, the city can’t pay its bills,” said Marc Levinson, lead ... (Mon, 01 Apr 2013 21:16:03 GMT)

Stockton eligible for bankruptcy protection: judge
By Jonathan Weber SACRAMENTO, California (Reuters) - Stockton, California, is eligible for bankruptcy protection, a federal judge ruled on Monday, turning aside creditors' arguments the city was not truly insolvent when it sought protection and improperly failed to seek pension concessions. U.S. Bankruptcy Court Judge Christopher Klein's ruling permits Stockton to proceed with a Chapter 9 ... (Mon, 01 Apr 2013 21:53:01 GMT)

Judge rules Stockton, Calif., to enter bankruptcy
SACRAMENTO, Calif. (AP) — The people of Stockton will feel financial fallout for years after a federal judge ruled Monday to let the city become the most populous in the nation to enter bankruptcy . (Mon, 01 Apr 2013 23:18:47 GMT)

Court says city of Stockton, California may proceed with bankruptcy
By Jonathan Weber SACRAMENTO, California (Reuters) - A federal judge on Monday approved the city of Stockton's petition for bankruptcy in a case that sets the stage for a lengthy battle between bondholders and the California pension system. In a case being studied by other cash-strapped American cities including Detroit, U.S. Bankruptcy Court Judge Christopher Klein's decision was a setback for ... (Tue, 02 Apr 2013 01:44:54 GMT)

Pension issue in Stockton, Calif., bankruptcy
SACRAMENTO, Calif. (AP) — On its first official day in bankruptcy , the city of Stockton now must grapple with the hard part of reorganizing its financial affairs — how to share the financial burden equitably among creditors while meeting its massive state pension obligations. (Tue, 02 Apr 2013 10:19:36 GMT)

Stockton, Calif.: largest city bankruptcy ever
Stockton, Calif., bankruptcy will be closely watched to see who takes the biggest loss: creditors or retirement funds. Although the Stockton bankruptcy is the largest-ever failure of a US city, other cities are also in dire straits. (Tue, 02 Apr 2013 13:16:50 GMT)

Stockton bankruptcy decision only the beginning
Stockton bankruptcy decision only the beginning Associated Press Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 6:20 am, Monday, April 1, 2013 (AP) — For the people of Stockton, a federal judge's anticipated decision Monday on the city's bankruptcy petition will affect their day-to-day lives for decades ... (Wed, 03 Apr 2013 03:48:28 GMT)

Personal Bankruptcy Canada Inc.: Fear Driving Debtors to Debt Settlement Firms
Despite the fact that many provinces have recently passed legislation to protect consumers from debt settlement companies, Canadians facing money problems may still be getting burned. With consumer debt ... (Wed, 03 Apr 2013 18:54:00 GMT)

Mintz Levin’s Bankruptcy , Restructuring and Commercial Law Practice Receives Community Impact Award in 7th Annual M&A ...
The Bankruptcy , Restructuring and Commercial Law Practice of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. was honored with the Community Impact Award by M&A Advisor at its 7th annual awards ceremony. (Thu, 04 Apr 2013 17:16:00 GMT)

Start Fresh Today Introduces Platinum Level Service for Bankruptcy Attorneys and Their Clients
FORT LAUDERDALE, Fla., April 4, 2013 /PRNewswire/ --  Start Fresh Today , a leading bankruptcy course provider, has just introduced an industry-first with their Platinum Level VIP Service for consumer ... (Thu, 04 Apr 2013 17:52:00 GMT)

LCI Holdco Prepares For Emergence From Bankruptcy
PLANO, Texas, April 4, 2013 /PRNewswire/ -- The United States Bankruptcy Court for the District of Delaware this week approved a proposed transaction between LCI Holdco, LLC (the Company), the parent company ... (Thu, 04 Apr 2013 23:07:00 GMT)

MF Global bankruptcy exit plan primed for court hearing
By Nick Brown NEW YORK (Reuters) - MF Global Holdings on Friday will seek court approval of a plan to liquidate its assets and repay creditors, signaling the final stages of its large and politically-charged bankruptcy . The collapsed brokerage would repay the bulk of lender JPMorgan Chase & Co's claim, and would pay unsecured creditors as much as 34 cents on the dollar under a plan slated to go ... (Fri, 05 Apr 2013 01:23:49 GMT)

Bankruptcy Looms As Fisker Lays Off 75% Of Its Workforce
Is the end near? (Fri, 05 Apr 2013 15:59:00 GMT)

Bankruptcy judge approves MF Global's liquidation plan
By Nick Brown NEW YORK (Reuters) - MF Global on Friday won court approval of a plan to liquidate its assets, pay back creditors and end the $40 billion bankruptcy that rocked the financial world in 2011. The commodities brokerage, run by former New Jersey Governor Jon Corzine, collapsed after investors were spooked by its exposure to about $6.3 billion in European sovereign debt. The approval ... (Fri, 05 Apr 2013 17:06:02 GMT)

Bankruptcy judge approves MF Global's liquidation plan
MF Global on Friday won court approval of a plan to liquidate its assets, pay back creditors and end the $40 billion bankruptcy that rocked the financial world in 2011. The commodities brokerage, run by ... (Fri, 05 Apr 2013 17:06:02 GMT)

A Bankruptcy , and Now a Pension Test
The question is whether the bondholders can get the bankruptcy court to force Stockton out of Calpers, perhaps as the price for continuing its Chapter 9 case. (Fri, 05 Apr 2013 21:52:19 GMT)

Doctors driven to bankruptcy
Doctors driven to bankruptcy (Mon, 08 Apr 2013 03:00:00 -0700)

Doctors driven to bankruptcy
As many doctors struggle to keep their practices financially sound , some are buckling under money woes and being pushed into bankruptcy. (Mon, 08 Apr 2013 03:06:34 -0700)

Vodka maker CEDC files for bankruptcy , Tariko to gain full control
(Reuters) - Poland's Central European Distribution Corp , seeking to reduce its debt load, has filed for a pre-packaged bankruptcy that will give Russian businessman Roustam Tariko full control of the ... (Mon, 08 Apr 2013 04:57:36 GMT)

Understanding Bankruptcy : Part 1 of 7
Allowing overwhelmed debtors to go bankrupt benefits the economy as a whole. (Mon, 08 Apr 2013 07:01:46 GMT)

Doctors driven to bankruptcy
As many doctors struggle to keep their practices financially sound, some are buckling under money woes and being pushed into bankruptcy . (Mon, 08 Apr 2013 10:14:17 GMT)

CEDC files for bankruptcy protection
Vodka producer Central European Distribution Corp. is seeking Chapter 11 bankruptcy protection to cut more than $665 million of its debt. CEDC is seeking approval for a reorganization plan would give ownership ... (Mon, 08 Apr 2013 17:22:28 GMT)

Fitch: Lower U.S. Bankruptcy Filings Positive for CC ABS
Ongoing declines in U.S. personal bankruptcy filings remain positive for credit card ABS collateral. Following two consecutive year-over-year declines for 2011 and 2012, bankruptcy filings dropped further in the first quarter, ending 13.2% lower versus last year. (Mon, 08 Apr 2013 17:30:00 GMT)

Queens Bankruptcy Attorney Bruce Feinstein, Esq. Reviews New Bankruptcy Means Test Calculations
As of April 13, 2013, there are changes to the means test figures that determine whether a person will qualify for Chapter 7 bankruptcy.(PRWEB) April 08, 2013 Bruce Feinstein, Esq., a New York bankruptcy lawyer, is sharing information with his clients about the new bankruptcy means test figures that went into effect April 1, 2013. This update is important for those looking to file bankruptcy in ... (Mon, 08 Apr 2013 18:52:10 -0700)

Is a trust untouchable in bankruptcy?
Dear Bankruptcy Adviser, I have debt as an individual. I also have a trust that has assets and no liabilities. My wife is the trustee. If I file bankruptcy as an individual, can they attach the assets ... (Tue, 09 Apr 2013 00:00:36 -0700)

Anaheim Bankruptcy Lawyer Releases A Very Useful Video On Bankruptcy Basics For Viewers To Understand The Concept
The renowned Orange County bankruptcy attorneys Zhou & Chini have recently released a YouTube video. The new video will illustrate the process of getting in touch with a bankruptcy attorney and filing for bankruptcy quickly and effortlessly.Anaheim, California (PRWEB) April 09, 2013 The highly regarded Anaheim bankruptcy lawyers Zhou & Chini have released a video for their clients located in ... (Tue, 09 Apr 2013 00:26:19 -0700)

Casey Anthony bankruptcy hearing focuses on her life story
A bankruptcy judge in Tampa says he will rule within 30 days on if a trustee in the Casey Anthony bankruptcy case can sell Anthony's life story rights as a means to help pay off her outstanding debts. Judge K. Rodney May said Tuesday that his is skeptical that the request by the bankruptcy trustee could be used "as an injunction dressed up as a sale." May added that his initial thought is that ... (Tue, 09 Apr 2013 03:19:47 -0700)

Bankruptcy trustee wants to sell Casey Anthony's life story -- but she's not buying it
Casey Anthony’s life story is worth a decent chunk of change, and the trustee in charge of resolving her bankruptcy wants to sell the rights to it to help settle the nearly $800,000 she owes creditors.The big catch is that Anthony doesn’t want to sell. Nonetheless, one bidder has already offered $10,000 – to bury her life story, he says – and more are waiting in the wings, according to the ... (Tue, 09 Apr 2013 09:21:52 -0700)

Bankruptcy trustee wants to sell Casey Anthony's life story -- but she's not buying it
Casey Anthony’s life story is worth a decent chunk of change, and the trustee in charge of resolving her bankruptcy wants to sell the rights to it to help settle the nearly $800,000 she owes creditors.The big catch is that Anthony doesn’t want to sell. Nonetheless, one bidder has already offered $10,000 – to bury her life story, he says – and more are waiting in the wings, according to the ... (Tue, 09 Apr 2013 13:05:39 -0700)

Contractor facing fraud probe files for bankruptcy
A contracting company being probed by police for allegedly defrauding customers has filed for bankruptcy, saying it owes more than $2 million to dozens of creditors. (Wed, 10 Apr 2013 00:42:13 -0700)

Bankruptcy clouds 'Girls Gone Wild' collection path
Lawyer for woman who won $5.8 million judgment says tactics should not keep her from collecting. (Wed, 10 Apr 2013 09:24:00 -0700)

Bankruptcy keeps Jones Block auction on hold
Wednesday, April 10, 2013 ADAMS - As bankruptcy proceedings continue, Park Street's Jones Block and an adjoining building remain in limbo. Senior Vice President of Commercial Lending at Hoosac Bank Ryan Leap said Tuesday the bank's intentions to sell the properties - 39-45 Park Street - are at a "standstill" due to the owner's declaration of Chapter 11 bankruptcy in January. (Wed, 10 Apr 2013 09:26:44 -0700)

Bankruptcy judge approves Hostess plan to sell assets
A bankruptcy judge approved Hostess’ plans to sell the last of its cake and bread brands to McKee Foods for more than $27 million Tuesday. McKee Foods already makes Little Debbie snack cakes. Hostess will also sell some bread brands, … (Wed, 10 Apr 2013 15:42:19 -0700)

Irvine Bankruptcy Lawyers Launch A New Video On The Basics Of Bankruptcy And Its Legal Repercussions
Residents of Irvine California received good news in the form of a very helpful video on YouTube released by the experienced Orange County bankruptcy attorneys. The new video explains the basics of bankruptcy in simple and easy to understand language.Irvine, California (PRWEB) April 11, 2013 The residents of Irvine recently received free legal advice in the form of a YouTube video released by ... (Thu, 11 Apr 2013 00:26:31 -0700)

The value of your stock when a company declares bankruptcy
I own GM stock. If the company goes bankrupt can I claim a loss on my income taxes or do...         (Thu, 11 Apr 2013 04:03:36 -0700)

Bankruptcy filings plunge in first quarter of 2013
Chapter 7 and Chapter 13 bankruptcy fillings fell the most in states hard hit by the recession, including Nevada and California (Thu, 11 Apr 2013 05:00:00 -0700)

Judge denies American CEO's $20M severance - for now
A federal bankruptcy judge denied American Airlines' plan to give its CEO a $20 million severance package, saying bankruptcy law prevents such rich "golden parachutes." (Fri, 12 Apr 2013 08:04:41 -0700)

Bankruptcy court rejects $20 million severance payment for American Airlines CEO
DALLAS - A federal bankruptcy judge has at least temporarily blocked a proposed $20 million severance payment for the CEO of American Airlines as part of the company's merger with US Airways. (Fri, 12 Apr 2013 08:32:18 -0700)

Judge denies $20M severance deal for AMR CEO
A federal bankruptcy judge has at least temporarily blocked a proposed $20 million severance payment for the CEO of American Airlines as part of the company's merger with US Airways. The judge ruled Thursday ... (Fri, 12 Apr 2013 08:33:23 -0700)

American CEO's $20M severance denied - for now
A federal bankruptcy judge denied American Airlines' plan to give its CEO a $20 million severance package, saying bankruptcy law prevents such rich "golden parachutes." (Fri, 12 Apr 2013 08:34:21 -0700)

Assured Seeks New Ruling on Stockton Pre-Bankruptcy Talks
Assured Guaranty Corp., fighting to avoid losses in the bankruptcy case of Stockton, California, asked a judge to reverse a ruling that it and other creditors failed to negotiate in good faith with the city. (Fri, 12 Apr 2013 12:02:40 -0700)

Alabama county fires attorney in largest municipal bankruptcy
By Verna Gates Birmingham, Alabama (Reuters) - Alabama's Jefferson County fired its attorney for not working in its best interests, weeks before the county is expected to present a plan to emerge from the nation's largest municipal bankruptcy. Jeff Sewell, who was placed on administrative leave earlier this week, had been in the legal department for 25 years. More than 800 workers have been let ... (Fri, 12 Apr 2013 14:46:42 -0700)

Bankruptcy estate of meningitis-linked pharmacy to battle states
By Tim McLaughlin BOSTON (Reuters) - The bankruptcy estate of the pharmacy linked to a deadly U.S. meningitis outbreak plans to battle nearly 30 states to preserve its right to redeem several million dollars worth of insurance policies for creditors. The insurance policies are key assets in New England Compounding Center's bankruptcy estate. Paul Moore, the trustee for NECC's bankruptcy estate ... (Fri, 12 Apr 2013 15:20:13 -0700)

Bankruptcy judge denies $20 million severance to American's Tom Horton
A federal bankruptcy judge has at least temporarily blocked a proposed $20 million severance payment for the chief executive of American Airlines as part of the company's merger with US Airways. (Fri, 12 Apr 2013 23:15:54 -0700)

Bankruptcy Hacks Are Still At it
In 28 years of legal practice, I have rarely seen a consumer bankruptcy do a person any good. The debtor pays several thousand dollars to an attorney, and signs a petition and schedules under oath, which are filed with the bankruptcy court. If all goes as planned, the debtor will be discharged of unsecured debts, generally credit card debts. But the debtor probably could have done this without a ... (Sat, 13 Apr 2013 09:22:00 -0700)

AMR Submits Formal Plan to Exit Bankruptcy
The merger of American Airlines and US Airways is a step closer to reality after the bankruptcy filing, which requires court and creditor approval. (Sun, 14 Apr 2013 20:16:37 -0700)

Scooter Store Files Bankruptcy With Plan to Sell Assets
Scooter Store Holdings Inc., a supplier of motorized scooters and wheelchairs throughout the U.S., filed for bankruptcy with a plan to sell virtually all of its assets. (Mon, 15 Apr 2013 08:45:54 -0700)

Texas power company Energy Future proposes prepackaged bankruptcy
By Nick Brown and Michael Erman (Reuters) - Texas power company Energy Future Holdings, formerly known as TXU Corp, has proposed a prepackaged bankruptcy that would restructure $32 billion of debt, but no deal has been reached, the company said on Monday. Energy Future , taken private in 2007 in the largest-ever leveraged buyout, said in a U.S. Securities & Exchange Commission filing that it has ... (Mon, 15 Apr 2013 16:20:25 -0700)

AMR files bankruptcy exit plan in step towards merger with US Airways
NEW YORK (Reuters) - AMR Corp, the parent company of American Airlines, filed formal plans to exit bankruptcy on Monday, bringing its proposed $11 billion merger with US Airways Group closer to reality. The reorganization plan, which details some executive compensation and outlines measures for creditors and shareholders, is a necessary step before the two companies can come together to create ... (Mon, 15 Apr 2013 19:26:54 -0700)

AMR Files Bankruptcy-Exit Plan Based on US Airways Merger
American, based in Fort Worth, Texas, won court approval March 27 to proceed with the combination, which would be completed when the airline exits court protection. (Mon, 15 Apr 2013 19:30:52 -0700)

Scooter Store scaling back operations under bankruptcy
Scooter Store scaling back operations under bankruptcy Houston Chronicle Copyright 2013 Houston Chronicle. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Published 10:06 pm, Monday, April 15, 2013 In its bankruptcy petition, The Scooter Store said its business has been disrupted as a result of several government investigations that "have imposed ... (Mon, 15 Apr 2013 20:40:56 -0700)

Can you dismiss bankruptcy to sell home?
Dear Bankruptcy Adviser, I was in a Chapter 13 bankruptcy for one year and recently got an offer for my house above the list price. My attorney recommended dismissal of the bankruptcy since I am more than ... (Tue, 16 Apr 2013 00:02:25 -0700)

AMR files to exit bankruptcy, opening door to US Airways deal
AMR Corp., the parent company of American Airlines, has filed formal plans to exit bankruptcy, bringing its proposed $11 billion merger with US Airways Group closer to reality.         (Tue, 16 Apr 2013 07:56:06 -0700)

Can You Dismiss Bankruptcy to Sell Home?
Getting a bankruptcy dismissed will take time, making it tough to sell a home. (Tue, 16 Apr 2013 13:15:20 -0700)

American Airlines files bankruptcy reorganization plan
American Airlines' bankruptcy reorganization plan would repay creditors 100 percent and return the company to profitability this year as it merges with US Airways, according to documents filed in federal court. (Tue, 16 Apr 2013 23:51:15 -0700)

Potential bankruptcy renews debate on utility tax
The potential bankruptcy of Dallas-based Energy Future Holdings is being seized on by some groups to stir debate over taxes that power companies collect but don't always pass on to the federal government. ... (Wed, 17 Apr 2013 00:06:18 -0700)

Bankruptcy Attorneys in Corona Make a Video to Explain the Basic Concepts of Bankruptcy to Their Clients
The residents of Corona California who are currently facing financial difficulties can now watch Zhou & Chini’s video on YouTube released by the competent bankruptcy attorneys. The newest video for Corona residents goes over the basics of filing for bankruptcy in Riverside County.Corona, CA (PRWEB) April 17, 2013 The new “bankruptcy basics in Corona” video on the fundamentals of bankruptcy by ... (Wed, 17 Apr 2013 00:18:18 -0700)

Scooter Store Zips Into Bankruptcy
The Scooter Store, which claims it has given 700,000 senior citizens back their mobility, has itself run aground. The company this week filed for Chapter 11 bankruptcy, listing assets of $1 million to $10 million and liabilities of between $50 million and $100 million. Major creditors include the Centers for Medicare and Medicaid Services (CMS), which, according to the filing , is looking to ... (Wed, 17 Apr 2013 03:17:53 -0700)

Interim payment approved for Peregrine bankruptcy trustee
The trustee in charge of returning funds to customers of scandal-ridden Peregrine Financial Group will receive an initial payment of $1.23 million for his role in unwinding the failed brokerage, a U.S. ... (Wed, 17 Apr 2013 10:14:35 -0700)

Commonwealth Biotechnologies, Inc. Announces Exit from Chapter 11 Bankruptcy
Commonwealth Biotechnologies, Inc. announced today that its Plan of Reorganization from Chapter 11 bankruptcy proceedings has become effective April 15, 201 (Wed, 17 Apr 2013 10:38:00 -0700)

Bankruptcy judge approves settlement between Fisker Automotive and former battery supplier
DOVER, Del. - A Delaware bankruptcy judge is approving a settlement between electric car maker Fisker Automotive Inc. and its former battery supplier. (Wed, 17 Apr 2013 10:47:41 -0700)

Scooter Store Zips Into Bankruptcy
The Scooter Store, which claims it has given 700,000 senior citizens back their mobility, has itself run aground. The company this week filed for Chapter 11 bankruptcy, listing assets of $1 million to $10 million and liabilities of between $50 million and $100 million. Major creditors include the Centers for Medicare and Medicaid Services (CMS), which, according to the filing , is looking to ... (Wed, 17 Apr 2013 14:48:24 -0700)

When Can I Get a Bankruptcy Off My Credit Report?
A bankruptcy can hold you back from financial freedom for years. (Wed, 17 Apr 2013 23:01:12 -0700)

Peabody Energy objects to bankruptcy probe by Patriot Coal
Separately, Patriot's creditors and lenders say a move to appoint a trustee in the company's bankruptcy likely would trigger a liquidation. (Thu, 18 Apr 2013 04:25:00 -0700)

NJ judge OKs Revel's bankruptcy financial plan
Revel is having much more success in bankruptcy court than it is at the slot machines and card tables. A bankruptcy court judge on Thursday gave final approval to a $250 million temporary financing plan ... (Thu, 18 Apr 2013 08:48:09 -0700)

Revel to remain open during bankruptcy
A bankruptcy court judge has agreed to let Atlantic City's newest casino keep the door open and the dice rolling. Judge Judith Wizmur on Thursday approved a "debtor-in-possession" plan allowing Revel to continue operations while it is in bankruptcy. (Thu, 18 Apr 2013 08:49:04 -0700)

Chapter 13 bankruptcy: How it works
Unlike Chapter 7 liquidation plans, Chapter 13s give filers a chance to pay off debts over three to five years -- but they rarely turn out as planned (Fri, 19 Apr 2013 05:00:00 -0700)

Modern Bankruptcy Law in the U.S.A.
A brief history from 1898, when bankruptcy became a permanent feature of the economic system, to the 2005 legislation that brought sweeping changes in favor of creditors. (Sun, 21 Apr 2013 00:14:00 -0700)

Washington area bankruptcy filings for April 22
These firms recently filed with the U.S. Bankruptcy Court’s local court clerk’s offices. Under Chapter 11 of the federal bankruptcy code, a company is protected from claims by creditors while it attempts to reorganize its finances under a plan approved by the court. Read full article >>         (Sun, 21 Apr 2013 15:09:00 -0700)

Bankruptcy filings in Minneapolis and St. Paul
This is a list of recent business-related bankruptcies filed in US Bankruptcy Court in Minneapolis and St. Paul. (Sun, 21 Apr 2013 16:37:51 -0700)

Looper Reed Adds Depth to Bankruptcy Section, Hires Jason Brookner
DALLAS, April 22, 2013 /PRNewswire/ -- The law firm of Looper Reed & McGraw is pleased to welcome Jason Brookner as a Member and Section Leader to the firm's Bankruptcy Section. With over 18 years of experience, ... (Mon, 22 Apr 2013 16:42:00 -0700)

File bankruptcy to get out from under car loan?
Dear Bankruptcy Adviser, Please help -- I just turned 25, and I'm considering filing bankruptcy because I owe more on my car than what it's worth. I lost my job and can't afford the insurance. My loan ... (Tue, 23 Apr 2013 00:00:30 -0700)

Yarway Corp., Industrial Valve Maker, Files Bankruptcy
Yarway Corp., a Tyco International Ltd. (TYC) unit that makes industrial valves, sought bankruptcy court protection in the face of asbestos liability claims. (Tue, 23 Apr 2013 05:22:53 -0700)

APNewsBreak: Developer Kahn files for bankruptcy
The president of a major development firm in South Carolina has filed for bankruptcy protection, according to documents obtained Tuesday by The Associated Press. Alan Bruce Kahn filed for Chapter 11 protection ... (Tue, 23 Apr 2013 14:17:54 -0700)

Former supermodel Janice Dickinson files for bankruptcy
Janice Dickinson has filed for bankruptcy, the self-proclaimed world's first supermodel confirms.         (Tue, 23 Apr 2013 17:07:27 -0700)

Fisker COO: Automaker may file for bankruptcy
Washington — Fisker chief operating officer Bernhard Koehler says the struggling plug-in hybrid electric sports car company may be forced to file for bankruptcy. (Wed, 24 Apr 2013 09:00:25 -0700)

Carlyle's Synagro preparing for bankruptcy: sources
Carlyle Group LP's Synagro Technologies Inc is preparing to file soon for Chapter 11 bankruptcy protection to restructure its debt, two sources with knowledge of the situation told Reuters. Synagro is ... (Wed, 24 Apr 2013 09:28:00 -0700)

Personal Bankruptcy Canada: Canadians Losing Cognitive Connection to Cash
Repeated warnings by Canadian government and Bank of Canada officials about the risks of over borrowing amid record-high consumer debt levels expose serious concerns about the lending habits of credit ... (Wed, 24 Apr 2013 09:29:17 -0700)

Bankruptcy levels show fresh fall
The number of bankruptcies in Scotland has fallen for the third quarter in a row, according to new figures. (Wed, 24 Apr 2013 10:46:43 -0700)

Synagro Files for Bankruptcy With Plan for Sale to EQT
Synagro Technologies Inc., a biosolids-management company owned by Carlyle Group LP (CG) , sought bankruptcy protection with a plan to sell most of its assets to private-equity firm EQT Infrastructure II LP. (Wed, 24 Apr 2013 11:22:53 -0700)

Exec: Fisker may file for bankruptcy
Washington — Fisker Automotive Inc. and the Energy Department came under intense questioning Wednesday at a congressional hearing as the struggling plug-in hybrid automaker disclosed publicly it is considering filing for bankruptcy. (Wed, 24 Apr 2013 23:01:37 -0700)

Maxcom Considers Bankruptcy After Takeover Deal Collapse
Maxcom Telecomunicaciones SAB said it’s considering operational and financial alternatives, including a Chapter 11 bankruptcy filing, after a takeover deal with Ventura Capital Privado SA collapsed. (Thu, 25 Apr 2013 06:49:23 -0700)

Drivers faked bankruptcy to avoid auto pound fees, feds allege
In a city well-practiced in the way of scams, this is a new one. At least a thousand people may have retrieved cars towed by the city without paying any fines or fees to the city’s Revenue Department. How they did it: They filed phony bankruptcies. And they did it with help from a ring of people who charged up to half of what was owed to the city, according to charges filed Thursday by the U.S ... (Thu, 25 Apr 2013 11:41:28 -0700)

Fitch: Synagro Technologies Bankruptcy
Fitch Ratings believes that the recent bankruptcy filing of Synagro Technologies Inc. will not immediately affect the credit quality of Synagro-Baltimore LLC or Philadelphia Project Finance, LLC . (Thu, 25 Apr 2013 13:44:00 -0700)

Feds: Bankruptcy scam freed impounded vehicles
The scam was perhaps as crafty as it was criminal.         (Thu, 25 Apr 2013 13:47:29 -0700)

Ex-Delta exec Parker takes aim at bankruptcy committee of creditors
The latest battlefield in the personal bankruptcy case of accused inside-trader oilman Roger Parker took on a different dimension when the former Delta Petroleum exec took aim at the creditors (Thu, 25 Apr 2013 23:08:00 -0700)

Patriot Coal bankruptcy case starts Monday
The United Mine Workers of America union is promising to have thousands of miners and their supporters rallying in St. Louis next week as Patriot Coal Corp.'s bankruptcy hearing goes to court. St. Louis-based ... (Fri, 26 Apr 2013 10:31:07 -0700)

Patriot Coal bankruptcy case to start Monday
Members of the United Mine Workers of America wait to be arrested by police during a Feb. 13 protest outside the of headquarters of Peabody Energy in St. Louis. (Fri, 26 Apr 2013 14:40:28 -0700)

Bankruptcy court gives approval for Prince Charles development deal
A developer said he can soon begin marketing his plans to convert the historic Prince Charles building in downtown Fayetteville into "micro" offices and condominiums. (Sat, 27 Apr 2013 05:16:04 -0700)

Harrisburg mayoral candidates on bankruptcy: avoid it, 4 of 5 say
HARRSIBURG – Just one of four mayoral candidates running in the May 21 primary has been a staunch supporter of proceeding with bankruptcy to deal with the capital city’s financial struggles. (Sat, 27 Apr 2013 07:57:46 -0700)

Bankruptcy Attorney in Orange County Markets “Automatic Stay” Search Term to Help Struggling Resident in Orange ...
Top Orange County bankruptcy attorneys Zhou & Chini are well seasoned lawyers in the Southern California bankruptcy courts. Their new marketing effort is geared towards residents in the city of Orange in need of financial help. (PRWeb April 28, 2013) Read the full story at http://www.prweb.com/releases/ba (Sun, 28 Apr 2013 00:24:45 -0700)

Supreme Court won't hear Charter Communications bankruptcy case
By Lawrence Hurley WASHINGTON (Reuters) - The Supreme Court declined on Monday to hear a challenge to the post-bankruptcy reorganization of Charter Communications Inc. Law Debenture Trust Co of New York (LDT) and R2 Investments objected when the No. 4 U.S. cable television operator went into Chapter 11 bankruptcy protection in March 2009, emerging in November of that year with its debts cut by ... (Mon, 29 Apr 2013 07:37:05 -0700)

Ambac Positioned to Emerge from Bankruptcy
Ambac Financial Group, Inc. announced today that the United States Bankruptcy Court for the Southern District of New York approved a settlement with the United States of America that brings resolution to claims filed against Ambac by the Internal Revenue Service and related litigation. (Mon, 29 Apr 2013 08:53:00 -0700)

UPDATE 1-Kodak nears bankruptcy end with 2-for-1 UK pension deal
Photography pioneer Eastman Kodak Co cleared the last two hurdles to ending its bankruptcy in one leap on Monday with an agreement to sell its remaining non-core businesses to its British pension fund ... (Mon, 29 Apr 2013 09:53:57 -0700)

Kodak nears bankruptcy end with 2-for-1 UK pension deal
By Tanya Agrawal (Reuters) - Photography pioneer Eastman Kodak Co cleared the last two hurdles to ending its bankruptcy in one leap on Monday with an agreement to sell its remaining non-core businesses to its British pension fund for $650 million. The pension plan also agreed to give up a $2.8 billion claim against Kodak, the largest unsecured claim against the company. The agreement is subject ... (Mon, 29 Apr 2013 09:57:30 -0700)

Kan. bankruptcy filings down more than 11 percent
A new report shows bankruptcy filings in Kansas fell 11.5 percent for the 12-month period ending in March compared with the previous year. The report released Monday by the Administrative Office of the ... (Mon, 29 Apr 2013 10:47:23 -0700)

Bankruptcy hearing under way on coal company's bid to cut pension, health benefits for workers
ST. LOUIS - A long-awaited bankruptcy hearing began Monday in which a St. Louis-based coal company insists it must significantly cut thousands of retirees' health care and pension benefits or risk liquidation — a claim that its miners union strongly rejects. (Mon, 29 Apr 2013 14:34:38 -0700)

Should I take out a loan to file for bankruptcy?
Dear Bankruptcy Adviser, I am trying to file bankruptcy and have talked to a lawyer. Unfortunately, I do not have the money to file without making my financial situation even more delicate. I have thought ... (Tue, 30 Apr 2013 00:00:19 -0700)

Should I take out a loan to file for bankruptcy?
Dear Bankruptcy Adviser, I am trying to file bankruptcy and have talked to a lawyer. Unfortunately, I do not have the money to file without making my financial situation even more delicate. I have thought ... (Tue, 30 Apr 2013 00:00:19 -0700)

Kelly Rutherford Faces Bankruptcy During Expensive Custody Battle
Kelly Rutherford is facing bankruptcy after her custody battle. Credit: Kelly Rutherford Facing "Bankruptcy" (Tue, 30 Apr 2013 08:22:09 -0700)

National Bankruptcy Conference (NBC) Elects Three Conferees
The National Bankruptcy Conference (NBC) announces the election of three esteemed bankruptcy professionals to membership as Conferees. (PRWeb April 30, 2013) Read the full story at http://www.prweb.com/releases/20 (Tue, 30 Apr 2013 08:42:40 -0700)

Kodak expects to exit bankruptcy as soon as July
By Tom Hals (Reuters) - Eastman Kodak Co said on Tuesday it expects to emerge from bankruptcy as soon as July as a commercial imaging business under the control of its creditors. It said in court documents filed with the U.S. bankruptcy court in Manhattan that it expects to issue new stock with the majority of it going to its second-lien note holders. The holders of the second-lien notes include ... (Tue, 30 Apr 2013 20:26:39 -0700)


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