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Home > Bankruptcy News

Bankruptcy News Aug 2013

Lawyers in Detroit bankruptcy may face scrutiny on fees
By Tom Hals WILMINGTON, Delaware (Reuters) - Detroit's bankruptcy filing last month brought a double-barreled bonus for lawyers - lots of much-needed work, and, due to a quirk of municipal bankruptcy law, no apparent need to disclose the fees they charge. But before lawyers from big-name firms could start totting up their billable hours, Judge Steven Rhodes made clear he wasn't happy with the ... (Thu, 01 Aug 2013 13:19:57 -0700)

Retiree representation at issue in Detroit bankruptcy hearing
U.S. Bankruptcy Judge Steven Rhodes could decide today who will have a seat at the table during Detroit's debt restructuring as retiree groups and unions jockey for position among the city's unsecured creditors. A proposed creditors' committee sought by Emergency Manager Kevyn Orr to represent some 21,000 retired city workers has set off a turf war of sorts between retiree groups and the city's ... (Thu, 01 Aug 2013 22:33:26 -0700)

Retiree representation at issue in Detroit bankruptcy hearing
U.S. Bankruptcy Judge Steven Rhodes could decide today who will have a seat at the table during Detroit's debt restructuring as retiree groups and unions jockey for position among the city's unsecured creditors. A proposed creditors' committee sought by Emergency Manager Kevyn Orr to represent some 21,000 retired city workers has set off a turf war of sorts between retiree groups and the city's ... (Fri, 02 Aug 2013 06:58:57 -0700)

Hearing ends without date for Detroit bankruptcy eligibility trial
DETROIT (Reuters) - Bankruptcy Judge Steven Rhodes ended a nearly three-hour hearing on Friday without setting a key date in Detroit's historic bankruptcy petition: when a trial on its eligibility for bankruptcy would begin. The judge on Tuesday proposed launching the trial, during which the city would have to prove it is insolvent and tried to negotiate with its creditors, on October 23 ... (Fri, 02 Aug 2013 11:11:51 -0700)

Judge OKs retiree committee in bankruptcy talks
U.S. Bankruptcy Judge Steven Rhodes adjourned Detroit's second bankruptcy hearing Friday afternoon after creating a committee to represent city retirees and hearing feedback from lawyers about the expedited deadlines he's set for the case. (Fri, 02 Aug 2013 11:43:09 -0700)

iShares: How Detroit’s Bankruptcy Affects Bond ETFs
Following Detroit’s record-breaking municipal bankruptcy filing, we’ve been fielding a lot of questions from investors. For the broader municipal bond market,  we do not anticipate a widespread systemic ... (Fri, 02 Aug 2013 12:25:51 -0700)

Detroit proposes moving up bankruptcy fix-it plan
U.S. Bankruptcy Judge Steven Rhodes adjourned Detroit's second bankruptcy hearing Friday afternoon after creating a committee to represent city retirees and hearing feedback from lawyers about the expedited deadlines he's set for the case. (Fri, 02 Aug 2013 12:27:03 -0700)

Detroit proposes moving up bankruptcy fix-it plan
U.S. Bankruptcy Judge Steven Rhodes adjourned Detroit's second bankruptcy hearing Friday afternoon after creating a committee to represent city retirees and hearing feedback from lawyers about the expedited deadlines he's set for the case. (Fri, 02 Aug 2013 14:51:28 -0700)

Detroit's Bankruptcy Doesn't "Just Happen"
On July 18, 2013, Detroit filed for bankruptcy, the largest municipality in U.S. history to do so. (Sun, 04 Aug 2013 07:05:53 -0700)

U.S. Consumer Debt and Bankruptcies Down
Personal-bankruptcy filings are dropping again this year both locally and nationally, a trend that started in 2010. But a bankruptcy expert said the decline shouldn't be seen as a sign that the economy is getting better or that more people are working and making money. (Mon, 05 Aug 2013 08:41:40 -0700)

Bankruptcy clouds Detroit mayoral primary election
More than a dozen candidates were running in Tuesday's primary for Detroit mayor, an office with little immediate power because most operations are being run by an emergency manager seeking to take the city into... (Mon, 05 Aug 2013 10:18:13 -0700)

Bankruptcy clouds Detroit mayoral primary election
More than a dozen candidates were running in Tuesday's primary for Detroit mayor, an office with little immediate power because most operations are being run by an emergency manager seeking to take the ... (Mon, 05 Aug 2013 10:45:00 -0700)

Bankruptcy looms over Detroit primary
Detroit voters cast a ballot for mayor on Tuesday who'll hold little power (Tue, 06 Aug 2013 11:02:40 -0700)

Will Credit Union Still Want you Post-Bankruptcy?
Be careful what you put in your bankruptcy if you want to stick with your credit union afterward. (Wed, 07 Aug 2013 07:14:08 -0700)

Bankruptcy hearing scheduled for Montreal, Maine & Atlantic
A bankruptcy hearing is scheduled for Thursday afternoon for Montreal, Maine & Atlantic Railway. The company filed for bankruptcy on Wednesday, a month after one of its trains derailed and exploded in Lac-Megantic, Quebec, killing 47 people. At the 1 p.m. hearing in federal court in Bangor, a judge will consider motions from MMA to allow it to continue operating, honor employee benefits and ... (Thu, 08 Aug 2013 08:20:57 -0700)

Detroit bankruptcy filing stymies municipal bond sales
A third Michigan local government has postponed a bond sale, amid concerns Detroit's bankruptcy filing will change the rules of the municipal bond game and make it more expensive for communities to borrow money. Saginaw County delayed a $60.5 million pension bond sale on Thursday. (Thu, 08 Aug 2013 22:49:53 -0700)

Bankruptcy administrators find $1m cheque in Detroit city hall drawer
Administrators drafted in to rescue Detroit after it became the largest city in US history to declare bankruptcy have found an uncashed cheque for $1m nestled in a desk drawer at City Hall. Related Stories South Miami 'counsellor' confesses to wife's murder on Facebook NSA whistleblower Edward Snowden is 'not a patriot' says Barack Obama as he announces proposals to reform controversial ... (Sat, 10 Aug 2013 10:37:29 -0700)

Consumer rights: Bankruptcy is not necessarily the best way to clear your debts
Bankruptcy allows you to get free of debt and make a fresh start, but it can mean losing your assets, including your home, to pay your creditors. There are also restrictions on what you can and can't do while you're bankrupt. It isn't an easy option.         (Sat, 10 Aug 2013 10:42:49 -0700)

Bankruptcy Attorneys Recognized for Helping Clients in Tough Times
Loveland, CO — LawFuel.com – The Law Firm Newswire Service — The Law Offices of Loomis & Greene and Loveland bankruptcy attorney, Kurtis Loomis, are pleased to announce that the practice offers both legal and emotional support when the client is in the midst of tough times. (Sun, 11 Aug 2013 05:18:29 -0700)

Bankruptcy case continues for Assemblyman Robert Schroeder
Bankruptcy proceedings against embattled Assemblyman Robert Schroeder will continue this week, after a federal judge Monday denied a motion to dismiss the case. (Mon, 12 Aug 2013 08:45:23 -0700)

Judge appoints Gerald Rosen as mediator for Detroit bankruptcy
The judge handling Detroit's Chapter 9 bankruptcy case has appointed Detroit chief federal judge Gerald Rosen as a mediator in the case. (Tue, 13 Aug 2013 09:02:57 -0700)

Milwaukee Lawyer Recognized for Bankruptcy ‘Straight As’
For a Milwaukee bankruptcy attorney who gets straight A’s, those in debt would do well to turn to Jeff Fields of The Fields Group Law Firm. The bankruptcy law firm is proud to announce that they are now accredited by the Better Business Bureau (BBB) with a coveted A+ rating. (Tue, 13 Aug 2013 17:33:20 -0700)

Too Soon to File for Bankruptcy Again?
Want to file bankruptcy again because you're in another financial mess? Not so fast. (Wed, 14 Aug 2013 05:50:16 -0700)

Government Watchdog Objects to Kodak Plan to Exit Bankruptcy
Government Watchdog Objects to Kodak Plan to Exit Bankruptcy (Wed, 14 Aug 2013 09:41:53 -0700)

Bankruptcy judge denies bid to keep private Schroeder's financial records
A bankruptcy judge on Wednesday turned down Assemblyman Robert Schroeder's bid to keep financial records he must file in the case out of public view. A lawyer for Schroeder, who is also facing criminal charges for writing bad checks, had asked that the Washington Township legislator be allowed to declare any documents he must provide to a court-appointed trustee "confidential." (Wed, 14 Aug 2013 14:44:20 -0700)

AMR Soldiers on in Bankruptcy Court Despite Suit
Bankruptcy case of American Airlines parent AMR goes on despite US lawsuit to block merger         (Wed, 14 Aug 2013 15:05:01 -0700)

Bankruptcy case of American Airlines parent AMR goes on despite US lawsuit to block merger
DALLAS - American Airlines parent AMR Corp. plans to ask a bankruptcy judge on Thursday to approve its turnaround plan that includes a merger with US Airways, even though the federal government has sued to block the deal. (Wed, 14 Aug 2013 15:28:46 -0700)

AMR Bankruptcy Plan Goes to Judge After U.S. Merger Suit
AMR Corp.’s plan to exit bankruptcy protection by merging its American Airlines with US Airways Group Inc. is scheduled to go before a judge two days after the U.S. sued to block the deal as a threat to consumers. (Wed, 14 Aug 2013 21:20:18 -0700)

San Diego Bankruptcy Attorneys at the Golden State Law Group Respond to Positive Debt Report
The San Diego bankruptcy lawyers at the Golden State Law Group have been helping clients who have encountered serious financial difficulties for several years. The firm represents consumers and businesses ... (Thu, 15 Aug 2013 11:49:16 -0700)

San Diego Bankruptcy Attorneys at the Golden State Law Group Respond to Positive Debt Report
The San Diego bankruptcy lawyers at the Golden State Law Group have been helping clients who have encountered serious financial difficulties for several years. The firm represents consumers and businesses ... (Thu, 15 Aug 2013 11:49:16 -0700)

Bankruptcy Judge Puts Off Ruling On AMR Plan
Bankruptcy Judge Puts Off Ruling On AMR Plan (Thu, 15 Aug 2013 15:09:48 -0700)

American Airlines' exit from bankruptcy stalls
A bankruptcy judge had been expected to rule Thursday on American’s turnaround plan, paving the way for a merger that would create the world’s biggest airline. But the U.S. Justice Department has filed suit against the merger, saying it would hurt competition and increase prices for co (Thu, 15 Aug 2013 17:30:58 -0700)

Can I Get a Loan During Bankruptcy?
Before we delve into the specifics of getting credit in bankruptcy, let’s look at the basics, and how you can work to rebuild your credit. (Fri, 16 Aug 2013 03:00:03 -0700)

Bankruptcy's impact felt across Michigan
Detroit does not exist in a vacuum. As much as some suburban and out-state residents may wish to distance themselves, Detroit's problems escape past the Eight Mile border. Bankruptcy highlights that tough times for Detroit are not confined to its borders. (Fri, 16 Aug 2013 08:10:56 -0700)

Detroit bankruptcy judge orders mediator to handle union talks
The federal judge presiding over Detroit's municipal bankruptcy ordered the mediator in the case to handle negotiations of collective bargaining agreements with the city's unions. (Fri, 16 Aug 2013 09:00:03 -0700)

Bus maker DesignLine files for bankruptcy protection
Charlotte bus maker DesignLine filed for bankruptcy protection this week, federal court documents show, following several weeks of furloughs and layoffs. (Fri, 16 Aug 2013 11:43:45 -0700)

COMMENTARY: Reasons for hope in Detroit’s bankruptcy
Once the symbol of American industrial power, Detroit filed for bankruptcy last month. (Sat, 17 Aug 2013 02:58:29 -0700)

Creditors face deadline in Detroit bankruptcy case
FILE - In this July 22, 2013, file photo, Tony Brown, left, a Department of Transportation retiree, listens to union leaders talk about what Detroit's bankruptcy filing means to thousands of retirees during a meeting in Detroit. (Sun, 18 Aug 2013 09:16:44 -0700)

Creditors face deadline in Detroit bankruptcy case
DETROIT (AP) — Banks, bond insurers, employee pension systems and others standing to lose big if a federal judge declares Detroit insolvent are expected to legally file their objections to the largest municipal bankruptcy in U.S. history.         (Sun, 18 Aug 2013 21:25:28 -0700)

Creditors object to Detroit bankruptcy
DETROIT — Deadline day arrived today for creditors to oppose Detroit’s request for bankruptcy protection, the largest municipal filing in U.S. history and one aimed at digging the beleaguered city out of billions of dollars in debt. (Sun, 18 Aug 2013 21:57:54 -0700)

Detroit bankruptcy objections expected as deadline looms
Detroit's bankruptcy battle lines will become more clear Monday when bondholders, labor unions, retiree groups and anyone else who lays claim to the city's $18.5 billion in debt must file their expected objections to the Motor City getting protection from its creditors. (Sun, 18 Aug 2013 23:18:35 -0700)

Eligibility challenge: Other bankruptcy cases hint at what's next for Detroit
Detroit's fight to prove eligibility for bankruptcy could be a long, expensive process with no guarantee of success, if the experiences of other cash-strapped cities are any indication. Creditors have until the end of today to file objections to Detroit's Chapter 9 filing. In September and October, creditors can interview city officials and experts to try to make their case that Detroit doesn't ... (Mon, 19 Aug 2013 00:44:29 -0700)

Detroit bankruptcy objections expected as deadline looms
Detroit's bankruptcy battle lines will become more clear Monday when bondholders, labor unions, retiree groups and anyone else who lays claim to the city's $18.5 billion in debt must file their expected objections to the Motor City getting protection from its creditors. (Mon, 19 Aug 2013 01:24:46 -0700)

Eligibility challenge: Other bankruptcy cases hint at what's next for Detroit
Detroit's fight to prove eligibility for bankruptcy could be a long, expensive process with no guarantee of success, if the experiences of other cash-strapped cities are any indication. Creditors have until the end of today to file objections to Detroit's Chapter 9 filing. In September and October, creditors can interview city officials and experts to try to make their case that Detroit doesn't ... (Mon, 19 Aug 2013 01:27:26 -0700)

Deadline to challenge Detroit's bankruptcy filing looms
Deadline to challenge Detroit's bankruptcy filing looms (Mon, 19 Aug 2013 06:46:00 -0700)

Creditors File Objections to Detroit Bankruptcy
We object: Creditors begin filing opposition in federal court to Detroit's bankruptcy petition         (Mon, 19 Aug 2013 08:50:50 -0700)

Detroit residents submit objections to city's bankruptcy filing
Residents have gathered Monday to submit objections to the city's bankruptcy filing, arguing they are being deprived of time to have a say in the process that was pushed through without the approval of Detroit's elected officials. (Mon, 19 Aug 2013 08:54:34 -0700)

Creditors reach deadline to object to bankruptcy
DETROIT—Deadline day arrived Monday for creditors to oppose Detroit's request for bankruptcy protection, the largest municipal filing in U. (Mon, 19 Aug 2013 09:24:54 -0700)

Scores of creditors object to Detroit bankruptcy
Dozens of creditors, including the city's biggest union, and residents urged a federal judge today to kick Detroit out of bankruptcy court, arguing the historic Chapter 9 filing was unconstitutional because it would slash retiree pensions. (Mon, 19 Aug 2013 10:49:47 -0700)

Detroit Bankruptcy Should Be Dismissed, Union Tells Court
Detroit’s $18 billion bankruptcy should be dismissed because it violates the Michigan and U.S. constitutions, according to a filing today by a public-employee union, the first of the city’s biggest creditors to seek a quick end to the case. (Mon, 19 Aug 2013 12:50:08 -0700)

Creditors file objections to Detroit bankruptcy
DETROIT (AP) — The city's biggest employee union, retirees and even a few dozen residents filed objections Monday to Detroit's request for bankruptcy protection, the largest municipal filing in U.S. history and a move aimed at wiping away billions of dollars in debt. (Mon, 19 Aug 2013 19:37:21 -0700)

Detroit bankruptcy challenged on constitutional grounds
By Joseph Lichterman and Bernie Woodall DETROIT (Reuters) - Public labor unions took aim at Detroit's historic bankruptcy filing on Monday, asking a U.S. court to toss the city's bid for protection from its creditors because it is constitutionally flawed on both the state and federal levels. A union that represents public-sector workers even took the unusual step of arguing that Chapter 9 of the ... (Mon, 19 Aug 2013 23:01:37 -0700)

Analysis: Constitutional, good faith arguments unlikely to halt Detroit bankruptcy
By Nick Carey (Reuters) - The key to eligibility for U.S. Chapter 9 bankruptcy protection for Detroit, as it is for any municipality, lies in proving the city is insolvent and has negotiated in good faith with creditors. Few could disagree that the city is in woeful financial shape. It has long-term debts of $18.5 billion and has seen its population decline to 700,000 from a peak of 1.8 million ... (Mon, 19 Aug 2013 23:26:27 -0700)

Pensioners Push Back During Detroit's Bankruptcy Deadline
Retired city workers have written and filed personal notes objecting to Detroit's Chapter 9 bankruptcy filing (Tue, 20 Aug 2013 08:41:02 -0700)

Bankruptcy beefs don't offer alternatives
Objections to Detroit's historic Chapter 9 bankruptcy, due Monday, are coming from the usual suspects. But none offers to change the fundamental reality facing America's poorest major city. (Tue, 20 Aug 2013 08:50:46 -0700)

Bankruptcy beefs don't offer alternatives
Objections to Detroit's historic Chapter 9 bankruptcy, due Monday, are coming from the usual suspects. But none offers to change the fundamental reality facing America's poorest major city. (Tue, 20 Aug 2013 09:49:04 -0700)

DealBook: Before Detroit’s Bankruptcy Proceeds, a Question of Eligibility
The bankruptcy clause of the Constitution should triumph over state laws as Detroit seeks to prove that it is eligible to file for Chapter 9, the author writes.         (Tue, 20 Aug 2013 12:26:10 -0700)

Eastman Kodak Wins Approval Of Bankruptcy Reorganization Plan
Eastman Kodak won bankruptcy-court confirmation of its reorganization plan at a hearing in Manhattan this afternoon, after Judge Allan Gropper overruled a handful of remaining objections from shareholders and the U.S. Trustee. (Tue, 20 Aug 2013 13:35:37 -0700)

Objections roll in on Detroit bankruptcy filing, to what effect?
Some 100 creditors of the city of Detroit, which has petitioned a federal court for bankruptcy, have now filed their objections to that course of action on grounds it would be unconstitutional – a move that bankruptcy experts says is likely to slow, but probably not halt, the city's efforts to get out from under its mammoth debt burden through bankruptcy. (Tue, 20 Aug 2013 14:48:32 -0700)

U.S. judge approves Kodak plan to exit bankruptcy
By Nick Brown NEW YORK (Reuters) - Eastman Kodak Co, once a mighty photography pioneer, earned court approval on Tuesday for a plan to emerge from bankruptcy as a much smaller digital-imaging company. The green light from U.S. Bankruptcy Judge Allan Gropper in New York puts Kodak on track to exit bankruptcy in about two weeks. "It will be enormously valuable for the company to get out of Chapter ... (Tue, 20 Aug 2013 14:56:49 -0700)

Detroit Judge Creates Team to Help Mediate Bankruptcy Fights
Detroit’s bankruptcy mediator appointed a team of current and former judges to help him settle disputes between the insolvent city and creditors as the parties try to negotiate cuts in about $18 billion of debt. (Tue, 20 Aug 2013 16:45:52 -0700)

Kodak bankruptcy: Can 'failed company' find new Kodak moment?
Kodak: Bankruptcy Judge Allan Gropper approves Kodak's plan to emerge from bankruptcy. Kodak is trying to recreate itself as a much smaller company focused on printing. (Tue, 20 Aug 2013 22:35:24 -0700)

How Safe is My Home in Chapter 7 Bankruptcy?
A bankruptcy trustee can't keep a case open indefinitely, waiting for a home's value to go up. (Wed, 21 Aug 2013 05:36:46 -0700)

Bankruptcy judge to consider opening secret Detroit 'data room'
By Bernie Woodall and Joseph Lichterman DETROIT (Reuters) - The city of Detroit may have to open its digital vault of financial information that includes what the city's fiscal future could look like. U.S. bankruptcy judge Steven Rhodes will hold a hearing at 3 p.m. ET on Wednesday to allow attorneys for the city to argue why a digital "data room" should be kept from the public. ... (Wed, 21 Aug 2013 10:52:15 -0700)

Bankruptcy judge has tough-but-fair reputation
Judging by his resume and those who know him, there are few jurists better qualified to preside over Detroit's precedent-setting bankruptcy case than Steven Rhodes. (Wed, 21 Aug 2013 22:19:25 -0700)

Bankruptcy judge has tough-but-fair reputation
Judging by his resume and those who know him, there are few jurists better qualified to preside over Detroit's precedent-setting bankruptcy case than Steven Rhodes. (Wed, 21 Aug 2013 23:20:07 -0700)

Nine people named to Detroit bankruptcy committee
Seven people and two unions were appointed Thursday to a committee that will represent more than 23,500 former municipal workers during Detroit's historic bankruptcy case. (Thu, 22 Aug 2013 12:34:29 -0700)

Nine people named to Detroit bankruptcy committee
Seven people and two unions were appointed Thursday to a committee that will represent more than 23,500 former municipal workers during Detroit's historic bankruptcy case. (Thu, 22 Aug 2013 15:26:06 -0700)

Detroit bankruptcy judge allows property tax appeals
A U.S. bankruptcy judge cleared the way Thursday for the state to hear hundreds of Detroit owners' property assessment appeals. But it's not clear when the city will pay out refunds if state officials find that owners were overtaxed. (Thu, 22 Aug 2013 17:19:44 -0700)

Detroit bankruptcy judge allows property tax appeals
A U.S. bankruptcy judge cleared the way Thursday for the state to hear hundreds of Detroit owners' property assessment appeals. But it's not clear when the city will pay out refunds if state officials find that owners were overtaxed. (Thu, 22 Aug 2013 20:41:44 -0700)

Phoebe Venable: Investors should watch Detroit bankruptcy closely
Detroit's recent bankruptcy has become increasingly important to the municipal bond market in recent years, and investors should follow it closely. (Sat, 24 Aug 2013 01:36:59 -0700)

Judge to rule on San Bernardino bankruptcy, pensions loom
By Tim Reid LOS ANGELES (Reuters) - The city of San Bernardino is expected to learn on Wednesday if it is eligible for bankruptcy protection despite the opposition of California's powerful public pension system - an important test for the federal law used by Detroit and other U.S. cities burdened by pension payment costs. ... (Sun, 25 Aug 2013 05:07:09 -0700)

Judge to rule on San Bernardino bankruptcy
The city of San Bernardino is expected to learn on Wednesday if it is eligible for bankruptcy protection despite the opposition of California's powerful public pension system. (Sun, 25 Aug 2013 06:22:23 -0700)

Detroit Mediator Orders Syncora Into Swaps Accord Talks
Detroit’s lead bankruptcy mediator ordered the city and bond-insurer Syncora Guarantee Inc. into talks in their dispute over a proposed $253 million swaps settlement. (Mon, 26 Aug 2013 08:01:03 -0700)

Detroit bankruptcy objections based on pensions must wait
Detroit — A federal judge on Monday delayed hearing objections to Detroit's bankruptcy case based on arguments the city wants to slash vested pension benefits in violation of the state constitution. (Tue, 27 Aug 2013 00:04:16 -0700)

Detroit bankruptcy objections based on pensions must wait
A federal judge on Monday delayed hearing objections to Detroit's bankruptcy case based on arguments the city wants to slash vested pension benefits in violation of the state constitution. (Tue, 27 Aug 2013 02:13:33 -0700)

Judge speeds up hearing on Detroit's eligibility for bankruptcy
By Joseph Lichterman DETROIT (Reuters) - The federal judge overseeing Detroit's bankruptcy is accelerating the already hurried process of determining whether the city is eligible for protection from its creditors. Judge Steven Rhodes ordered late Monday that the initial oral arguments in the case will begin on September 18, well ahead of the October 23 date he originally scheduled for the start ... (Tue, 27 Aug 2013 07:18:01 -0700)

Judge speeds up hearing on Detroit's eligibility for bankruptcy
By Joseph Lichterman DETROIT (Reuters) - The federal judge overseeing Detroit's bankruptcy is accelerating the already hurried process of determining whether the city is eligible for protection from its ... (Tue, 27 Aug 2013 07:19:15 -0700)

A Roadmap Out of Bankruptcy
If you have recently filed for bankruptcy, perhaps you can find some comfort in the fact that you are not alone. According to the American Bankruptcy Institute, the number of July bankruptcy filings came to 87,684 -- down 10 percent compared to the same time last year, but up slightly from the previous month. (Tue, 27 Aug 2013 07:44:20 -0700)

Bankruptcy lawyer moonlights as New Age healer
LOS ANGELES, Aug. 27 (UPI) -- A prominent bankruptcy lawyer in Los Angeles is moonlighting as a new age healer, and colleagues say his methods work. (Tue, 27 Aug 2013 12:21:56 -0700)

List all Collection Agencies in Bankruptcy?
Filing for bankruptcy means listing your creditors from old debts. But how do you find them all? (Wed, 28 Aug 2013 07:21:56 -0700)

Bankruptcy judge blocks insurer from capturing millions in tax revenue from Detroit casinos
U.S. Bankruptcy Judge Steven Rhodes on Wednesday blocked an insurer of Detroit's debt from capturing millions in monthly wagering tax revenue from the city's three casinos, ruling the money is city property protected by bankruptcy proceedings. (Wed, 28 Aug 2013 09:04:16 -0700)

San Bernardino, California, eligible for bankruptcy: judge
By Tim Reid RIVERSIDE, California (Reuters) - San Bernardino, California, is eligible for bankruptcy protection, a federal judge said on Wednesday, in a "tentative ruling" ahead of full court arguments later in the day. Judge Meredith Jury of the U.S. Bankruptcy Court for the Central District of California, said the city of 210,000, located 60 miles east of Los Angeles, was eligible for ... (Wed, 28 Aug 2013 15:19:28 -0700)

San Bernardino Eligible to Stay in Bankruptcy, Judge Says
U.S. Bankruptcy Judge Meredith Jury in Riverside, California, ruled in favor of the city at a hearing today, saying it needs the “breathing space” afforded by bankruptcy to renegotiate debts. (Wed, 28 Aug 2013 16:05:09 -0700)

San Bernardino bankruptcy gets green light
The San Bernardino ruling could affect Detroit's bankruptcy case and open the door to cuts to other public-sector pension plans. (Wed, 28 Aug 2013 17:31:42 -0700)

San Bernardino, California, gets bankruptcy protection
By Tim Reid RIVERSIDE, California (Reuters) - A U.S. federal judge on Wednesday granted bankruptcy protection to the California city of San Bernardino, paving the way for a precedent-setting battle between bondholders and California's giant public pension system. The case is being closely watched by other U.S. cities, including Detroit, which declared the biggest U.S. municipal bankruptcy last ... (Wed, 28 Aug 2013 17:50:55 -0700)

2 Years After Bankruptcy, My Credit Is Still Bad — Why?
While bankruptcy offers a chance at a fresh start, trying to repair the credit damage caused by bankruptcy can be downright frustrating. (Thu, 29 Aug 2013 04:00:12 -0700)

San Bernardino bankruptcy gets green light
A federal bankruptcy judge Wednesday rejected an attempt to kick the city of San Bernardino, Calif., out of bankruptcy court. (Thu, 29 Aug 2013 05:19:26 -0700)

AMR bankruptcy judge leans toward reorganization plan approval
A U.S. bankruptcy judge on Thursday hinted he would approve AMR Corp's bankruptcy exit plan despite the government's challenge to its main component: AMR's planned megamerger with US Airways Group Inc . (Thu, 29 Aug 2013 10:44:33 -0700)

Power company Longview seeks bankruptcy, blames Siemens
By Tom Hals and Sakthi Prasad (Reuters) - Longview Power LLC filed for Chapter 11 bankruptcy on Friday and blamed a unit of Germany's Siemens AG for glitches at Longview's $2 billion West Virginia power plant that left it unable to pay its debts. The coal-fired plant in Maidsville has a capacity to generate about 700 megawatts of electrical power and was among the largest construction projects ... (Fri, 30 Aug 2013 08:38:08 -0700)

Fairmont General says it will file for bankruptcy
Fairmont General Hospital announced Friday it will file for Chapter 11 bankruptcy protection next week in an attempt to restructure labor contracts and long-term debts, a move that a spokeswoman says was ... (Fri, 30 Aug 2013 10:28:29 -0700)

SAN BERNARDINO: City ruled eligible for bankruptcy
A federal judge rules that the city meets the requirements to file for bankruptcy (Sat, 31 Aug 2013 16:47:39 -0700)


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