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Home > Bankruptcy News

Bankruptcy News Sep 2013

Detroit largest labor union asks bankruptcy judge to permit questioning of Snyder, other top state officials
Detroit's largest labor union is urging the city's bankruptcy judge to allow its attorneys to question Gov. Rick Snyder and other top state officials under oath about decisions that led to the city's Chapter 9 filing. (Mon, 02 Sep 2013 08:04:17 -0700)

Detroit union asks bankruptcy judge to allow questioning of Snyder
Detroit's largest labor union is urging the city's bankruptcy judge to allow its attorneys to question Gov. Rick Snyder and other top state officials under oath about decisions that led to the city's Chapter 9 filing. (Mon, 02 Sep 2013 09:10:13 -0700)

Detroit's largest union asks bankruptcy judge to permit questioning of Snyder
Detroit's largest labor union is urging the city's bankruptcy judge to allow its attorneys to question Gov. Rick Snyder and other top state officials under oath about decisions that led to the city's Chapter 9 filing. (Mon, 02 Sep 2013 09:18:45 -0700)

Hearing set on whether Snyder, others can be deposed in bankruptcy case
U.S. Bankruptcy Judge Steven Rhodes has agreed to hear arguments on whether Gov. Rick Snyder and other top state officials should be deposed by labor unions in the city's bankruptcy case. (Tue, 03 Sep 2013 08:50:46 -0700)

Kodak bankruptcy officially ends
That emergence from bankruptcy Tuesday triggered a variety of simultaneous events, including the sale of its Personalized Imaging and Document Imaging businesses and the cancellation of all its old stock. Special report: KodakNext: Out of bankruptcy, into a new era | More: Interactive map of Eastman Business Park | Timeline: Anatomy of a bankruptcy (Tue, 03 Sep 2013 10:51:35 -0700)

Kodak Exits Bankruptcy as Printer Without Photographs
Eastman Kodak Co., the photography pioneer overcome by digital competition, emerged from bankruptcy today as a commercial-printing company that sells nothing to consumers. (Tue, 03 Sep 2013 11:01:30 -0700)

A new Kodak moment: Emerging from bankruptcy
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. (Tue, 03 Sep 2013 11:43:35 -0700)

New Kodak emerges from bankruptcy
Kodak emerges from bankruptcy protection as a much smaller business concentrating on services for businesses such as printing packaging. (Tue, 03 Sep 2013 12:30:23 -0700)

Kodak says it emerges from bankruptcy with tech focus
A slimmed-down Kodak announced Tuesday that it had emerged from bankruptcy protection and would specialize in technology focused on imaging for businesses. (Tue, 03 Sep 2013 15:36:18 -0700)

San Bernardino bankruptcy ruling is a blow to CalPERS
Over objections from CalPERS, a judge last week declared that the city of San Bernardino is eligible for bankruptcy, paving the way for a historic showdown over the sanctity of public employee pensions. (Tue, 03 Sep 2013 17:14:49 -0700)

Kodak, Smaller and Redirected, Leaves Bankruptcy
The company known for film and cameras filed for bankruptcy last year largely because of increasing competition, digital photography and debt. (Tue, 03 Sep 2013 17:59:50 -0700)

Hearing set on whether Snyder, others can be deposed in bankruptcy case
U.S. Bankruptcy Judge Steven Rhodes has agreed to hear arguments on whether Gov. Rick Snyder and other top state officials should be deposed by labor unions in the city's bankruptcy case. (Tue, 03 Sep 2013 21:41:16 -0700)

Catholic diocese of Gallup, N.M., to file for bankruptcy
(Reuters) - The Roman Catholic Diocese of Gallup, New Mexico, plans to file for Chapter 11 bankruptcy this month to cope with mounting costs of litigation arising from claims of child sexual abuse by members of its clergy, the church confirmed on Tuesday.         (Tue, 03 Sep 2013 21:46:27 -0700)

America's poorest diocese set to file for bankruptcy
The Roman Catholic Diocese of Gallup, New Mexico, plans to file for Chapter 11 bankruptcy this month to cope with mounting costs of litigation arising from claims of child sexual abuse by members of its clergy, the church confirmed on Tuesday. (Wed, 04 Sep 2013 02:59:45 -0700)

America's poorest diocese set to file for Chapter 11 bankruptcy amid sex abuse claims
The Roman Catholic Diocese of Gallup, New Mexico, plans to file for Chapter 11 bankruptcy this month to cope with mounting costs of litigation arising from claims of child sexual abuse by members of its clergy, the church confirmed on Tuesday. (Wed, 04 Sep 2013 08:43:24 -0700)

FHA eases rules for some borrowers after bankruptcy, foreclosure
To qualify for the break, FHA borrowers must show that their foreclosure or bankruptcy was caused by external economic factors. The Federal Housing Administration wants to make it easier for people who have defaulted on their mortgages to get a new home loan with FHA backing.         (Wed, 04 Sep 2013 16:44:00 -0700)

5 bankruptcy myths debunked
Going the bankruptcy route is a last resort for people whose finances falter. Before taking the plunge, make sure you know fact from fiction. (Wed, 04 Sep 2013 17:11:33 -0700)

Conyers' Detroit bankruptcy forum moved to Saturday
— A Detroit bankruptcy forum hosted by U.S. Rep. John Conyers Jr. has been pushed back a day to Saturday. (Wed, 04 Sep 2013 18:11:06 -0700)

Suspicious Bankruptcy Declarations and Other Ways The Ultra-Wealthy Hide Their Money
Suspicious Bankruptcy Declarations and Other Ways The Ultra-Wealthy Hide Their Money (Fri, 06 Sep 2013 09:50:59 -0700)

Detroit State Court Seeks Involvement in City Bankruptcy
A state court in Detroit will participate in the city’s record, $18 billion municipal bankruptcy, saying it reserved its right to adjudicate “noncore” matters related to the federal case. (Fri, 06 Sep 2013 12:35:28 -0700)

Schuette defends Detroit bankruptcy, says pensions not necessarily at risk
Michigan Attorney General Bill Schuette's office on Friday defended Detroit's decision to seek bankruptcy protection, arguing the filing does not necessarily mean pensions will be slashed in the process. (Fri, 06 Sep 2013 13:51:25 -0700)

City's lawyers argue challengers to Detroit bankruptcy ignore 'overwhelming' need for relief
Detroit's legal team on Friday struck back at challenges to the city's eligibility for bankruptcy protection, arguing objectors are ignoring the financial reality of the 'overwhelming need for debt relief' for Michigan's largest city. (Fri, 06 Sep 2013 13:55:57 -0700)

City's lawyers argue challengers to Detroit bankruptcy ignore 'overwhelming' need for relief
Detroit's legal team on Friday struck back at challenges to the city's eligibility for bankruptcy protection, arguing objectors are ignoring the financial reality of the 'overwhelming need for debt relief' for Michigan's largest city. (Fri, 06 Sep 2013 14:42:19 -0700)

Schuette defends Detroit bankruptcy, says pensions not necessarily at risk
Michigan Attorney General Bill Schuette's office on Friday defended Detroit's decision to seek bankruptcy protection, arguing the filing does not necessarily mean pensions will be slashed in the process. (Fri, 06 Sep 2013 16:47:55 -0700)

Detroit Files Response to Bankruptcy Objections
Detroit tells court why it shouldn't be prevented from getting bankruptcy protection         (Fri, 06 Sep 2013 19:49:51 -0700)

Detroit hits back against opposition to its bankruptcy
By Tom Hals (Reuters) - Attorneys for Detroit made their case for the city's request for bankruptcy in court papers on Friday, knocking down individual objections to the process and saying filing for protection would not necessarily cut pensions. Unlike corporations or individuals, the city must prove it is eligible for bankruptcy protection from creditors, and oral arguments are set to begin ... (Fri, 06 Sep 2013 20:19:26 -0700)

Bankruptcy can provide Valley residents relief from crushing debt
The pace of bankruptcy filings remains well above 2006 pre-recession levels in Central California, but experts see a red alert hidden in newfound consumer confidence. (Fri, 06 Sep 2013 22:59:06 -0700)

Bankruptcy looming for Stockton diocese
STOCKTON - Churches within the Roman Catholic Diocese of Stockton will distribute a letter this weekend to their 250,000 parishioners from Bishop Stephen Blaire, describing just how close the diocese is to filing for bankruptcy protection. (Sat, 07 Sep 2013 00:18:44 -0700)

Congressman John Conyers to host Detroit bankruptcy forum today
A Detroit bankruptcy forum hosted by U.S. Rep. John Conyers Jr. and aimed at answering the public's questions will be held today. (Sat, 07 Sep 2013 08:55:44 -0700)

Detroit's vow to pay trade creditors follows bankruptcy precedence
Amy Haimerl - Of all the unsecured creditors in the city of Detroit's bankruptcy, those with the least need for worry are the trade creditors. Emergency Manager Kevyn Orr's office has said he intends to pay vendors through the bankruptcy, even for debts incurred before the city filed for bankruptcy. (Sun, 08 Sep 2013 05:36:18 -0700)

Isquierdo miscalculated income in bankruptcy, trustee says
Sunnyside’s schools superintendent is no longer pursuing Chapter 7 bankruptcy after the U.S. Trustee Office said he miscalculated his disposable income and actually had enough money to pay his debts. (Mon, 09 Sep 2013 00:00:00 -0700)

Slow pace of Detroit bankruptcy eligibility, creditors ask judge
Detroit's largest creditors are asking U.S. Bankruptcy Judge Steven Rhodes to reconsider his ambitious and expedited process for determining the city's eligibility for bankruptcy protection (Tue, 10 Sep 2013 00:11:59 -0700)

Consumer agency threatens independence of bankruptcy office
Consumer Financial Protection Board headquarters in Washington, D.C. (Graeme Jennings/Washington... Serious allegations are being raised in the financial community that the Consumer Financial Protection Bureau has recruited the U.S. Trustee Program to collect bankruptcy data on its behalf to aid a controversial data-mining program. (Tue, 10 Sep 2013 04:52:33 -0700)

Consequences Are Unchanged Despite Bankruptcy's Fading Stigma
NEW YORK ( MainStreet ) — More than 13.5 million individuals and businesses filed bankruptcy in the last 10 years, according to Money Management International data while Detroit became the largest American city to go broke.And as it becomes increasingly a part of our national discourse, so too does it become less of a big deal. (Tue, 10 Sep 2013 05:54:16 -0700)

S&P Capital IQ: Ten Warning Signs of Potential Municipal Bankruptcy
NEW YORK, Sept. 10, 2013 /PRNewswire/ -- In the wake of Detroit's bankruptcy, S&P Capital IQ has published a list of ten warning signs that could indicate if a city or county is at risk of defaulting on ... (Tue, 10 Sep 2013 06:44:00 -0700)

Snyder to face questions under oath about Detroit bankruptcy filing
Detroit — Gov. Rick Snyder agreed Tuesday to face questions under oath about why he authorized a Detroit bankruptcy under terms of a deal that slows the pace of the biggest Chapter 9 filing in U.S. history. (Tue, 10 Sep 2013 10:57:06 -0700)

Michigan governor to be deposed in Detroit bankruptcy case
By Nick Carey and Joseph Lichterman DETROIT (Reuters) - After a testy exchange between the judge presiding over Detroit's bankruptcy and a Michigan official, attorneys for the state agreed on Tuesday to drop a challenge to a request by creditors' lawyers to depose Governor Rick Snyder on the city's eligibility for bankruptcy. Citing executive privilege, the office of the state attorney general ... (Tue, 10 Sep 2013 12:26:10 -0700)

Snyder to face questions under oath about Detroit bankruptcy filing
Gov. Rick Snyder agreed today to face questions under oath about why he authorized a Detroit bankruptcy under terms of a deal that slows the pace of the biggest Chapter 9 filing in U.S. history. (Tue, 10 Sep 2013 14:37:23 -0700)

Lehman Recovery Seen as Justifying $2 Billion Bankruptcy
Harvey Miller, the lawyer guiding Lehman Brothers Holdings Inc. through the biggest-ever U.S. bankruptcy, sipped a cappuccino at a tourist-filled cafe near Manhattan’s Central Park and reflected on how his client’s collapse five years ago went from unthinkable to inevitable. (Tue, 10 Sep 2013 21:20:25 -0700)

Detroit Retirees Say Bankruptcy Law Unconstitutional
Detroit’s retired workers joined city unions in attacking the city’s record-setting $18 billion bankruptcy, claiming the law that lets cities seek court protection from creditors violates the U.S. Constitution. (Wed, 11 Sep 2013 07:00:52 -0700)

Snyder will answer questions on Detroit bankruptcy
Michigan Gov. Rick Snyder has agreed to be grilled by union lawyers about his decision to let Detroit file for bankruptcy protection, state attorneys said Tuesday. (Wed, 11 Sep 2013 08:22:37 -0700)

Detroit retirees join labor unions in challenging bankruptcy law as unconstitutional
Bloomberg News - Detroit's retired employees joined labor unions in attacking the city's record-setting $18 billion bankruptcy, claiming the law that lets municipalities seek court protection from creditors violates the U.S. Constitution. (Wed, 11 Sep 2013 10:20:18 -0700)

Cancer increases bankruptcy risk, even for insured
Cancer patients are at much greater risk of bankruptcy than people without cancer, according to a large new study. (Wed, 11 Sep 2013 10:57:33 -0700)

Detroit bankruptcy could hit millions of public sector retirees
With its bankruptcy filing, the city of Detroit has entered uncharted territory. It's a dark place that no major U.S. city has ever gone — but that could change. (Wed, 11 Sep 2013 15:04:49 -0700)

Furniture Brands Wins Approval of Bankruptcy Financing
Furniture Brands International Inc., maker of the Broyhill, Lane and Thomasville home- furnishing lines, won court approval of as much as $115 million in bankruptcy financing to help fund operations as it pursues a sale of most of its assets to Oaktree Capital Management LP for about $166 million. (Wed, 11 Sep 2013 15:15:52 -0700)

Detroit bankruptcy judge could make appearance in witness chair
Testimony began Wednesday in a federal trial that's expected to put Detroit's bankruptcy Judge Steven Rhodes in the witness chair. (Wed, 11 Sep 2013 22:34:54 -0700)

What's in My Bond Fund? The Detroit Bankruptcy and Its Impact on Muni-Bond Portfolios
Concerns about the Motor City bankruptcy have helped rattle muni markets, but how much direct exposure does the typical muni-bond fund hold? (Thu, 12 Sep 2013 04:00:00 -0700)

Federal Judge Approves American Airlines’ Plan to Exit Bankruptcy
Judge Sean H. Lane approved the carrier’s plan nearly two years after its bankruptcy filing, contingent on Justice Department approval of its merger with US Airways. (Thu, 12 Sep 2013 04:24:38 -0700)

Judge approves American Airlines bankruptcy plan
U.S. Bankruptcy Court Judge Sean Lane has confirmed American Airline Inc.’s reorganization plan, contingent on regulatory approval. (Thu, 12 Sep 2013 09:02:48 -0700)

Judge approves AMR bankruptcy plan, pending antitrust lawsuit
NEW YORK (Reuters) - A U.S. bankruptcy judge on Thursday approved AMR Corp's plan to exit bankruptcy, subject to resolution of a U.S. government lawsuit to block a proposed merger with US Airways Group Inc . Judge Sean Lane approved the plan at a hearing in the U.S. Bankruptcy Court in New York. It was the American Airlines parent's third attempt to convince Lane to approve the deal in the face ... (Thu, 12 Sep 2013 09:33:15 -0700)

Judge approves AMR bankruptcy plan, pending antitrust lawsuit
A U.S. bankruptcy judge on Thursday approved AMR Corp's plan to exit bankruptcy, subject to resolution of a U.S. government lawsuit to block a proposed merger with US Airways Group Inc . (Thu, 12 Sep 2013 09:43:33 -0700)

American Airlines’ Plan Wins Bankruptcy Judge’s Approval
AMR Corp. (AAMRQ) ’s plan to exit bankruptcy protection by merging its American Airlines with US Airways Group Inc., a deal that the U.S. is trying to block on antitrust grounds, will be approved, a judge said. (Thu, 12 Sep 2013 09:43:41 -0700)

Bankruptcy panel sought for Quebec train disaster victims
By Tom Hals (Reuters) - A judge should appoint a broad committee of victims of a deadly train explosion in Quebec to resolve a split among claimants in the railway operator's U.S. Chapter 11 bankruptcy, according to a U.S. bankruptcy watchdog. A flurry of lawsuits have been filed in the wake of the devastating blast in Lac-Megantic and victims have clashed over the best way to press their claims ... (Thu, 12 Sep 2013 10:25:31 -0700)

Bankruptcy judge clears airline merger pending legal challenge
A bankruptcy judge in New York has endorsed a plan to merge American Airlines and US Airways, pending the outcome of a legal challenge by the U.S. Department of Justice.         (Thu, 12 Sep 2013 12:28:53 -0700)

Judge approves American Airlines bankruptcy plan
A US court Thursday approved the bankruptcy plan of American Airlines's parent AMR, a key part of the proposed American-US Airways merger deal that is facing a government antitrust challenge. (Thu, 12 Sep 2013 14:38:26 -0700)

DealBook: Federal Judge Approves American Airlines’ Plan to Exit Bankruptcy
Judge Sean H. Lane approved the carrier’s plan nearly two years after its bankruptcy filing, contingent on Justice Department approval of its merger with US Airways.         (Thu, 12 Sep 2013 14:56:38 -0700)

Lehman bankruptcy fees hit $2.2 billion
Sunday marks five years since Lehman Brothers became the largest bankruptcy in U.S. history, and the fees are still adding up. (Fri, 13 Sep 2013 03:41:27 -0700)

Five years later, Lehman bankruptcy fees hit $2.2 billion
Five years on from the collapse of Lehman Brothers, fees from the largest bankruptcy in U.S. history are still adding up. (Fri, 13 Sep 2013 03:48:29 -0700)

Five years later, Lehman bankruptcy fees hit $2.2 billion
Five years on from the collapse of Lehman Brothers, fees from the largest bankruptcy in U.S. history are still adding up. (Fri, 13 Sep 2013 05:21:34 -0700)

Bankruptcy court approves ResCap's $596.5 million deal with FGIC
By Tom Hals (Reuters) - A U.S. Bankruptcy Court approved a $596.5 million agreement on Friday between Financial Guaranty Insurance Co and bankrupt Residential Capital LLC, which settles billions of dollars of claims stemming from mortgage-backed securities. The agreement is another step toward ending the former mortgage lender's complex bankruptcy, but it was opposed by holders of junior secured ... (Fri, 13 Sep 2013 14:37:15 -0700)

California diocese weighs bankruptcy over sex-abuse claims
By Ronnie Cohen SAN FRANCISCO (Reuters) - The Roman Catholic Diocese of Stockton, California, is contemplating filing for bankruptcy protection after nearly depleting church funds available to settle sex-abuse claims brought against its clergy, the bishop said on Friday. The diocese, comprising 250,000 parishioners from California's Central Valley, is in line to become the 10th U.S. Catholic ... (Fri, 13 Sep 2013 19:10:03 -0700)

Five years after Lehman bankruptcy: Will we see the next crisis coming?
On Sept. 15, 2008, the investment bank Lehman Brothers filed for bankruptcy. Today, broader oversight of financial markets is designed to make financial crises less frequent and less severe. (Sun, 15 Sep 2013 11:38:33 -0700)

Hearing set on retirees' request for a different Detroit bankruptcy judge
U.S. Bankruptcy Judge Steven Rhodes has scheduled a 3 p.m. Thursday hearing to consider the request from the Official Committee of Retirees for a delay that could slow down the relatively fast-paced proceedings. (Mon, 16 Sep 2013 10:52:36 -0700)

Hearing set Thursday on retirees' request to halt bankruptcy case
U.S. Bankruptcy Judge Steven Rhodes has scheduled a 3 p.m. Thursday hearing to consider the request from the Official Committee of Retirees for a delay that could slow down the relatively fast-paced proceedings. (Mon, 16 Sep 2013 15:59:53 -0700)

Detroit bankruptcy judge gets view from other side of bench
The appearance in Detroit's federal court was a change of pace for U.S. Bankruptcy Judge Steven Rhodes, who has been in the spotlight since being assigned to oversee proceedings in the largest municipal bankruptcy filing in the nation's history. (Tue, 17 Sep 2013 01:23:21 -0700)

Energy Future Lenders Prepare Bankruptcy Plan: Corporate Finance
Energy Future Holdings Corp. creditors are working on a pre-packaged bankruptcy plan that would give secured lenders more equity in a reorganized company than what management offered, cutting the payout for private- equity owners including KKR & Co. and TPG Capital. (Tue, 17 Sep 2013 05:07:09 -0700)

Car-Battery Maker Ecotality Seeks Auction in Bankruptcy
Ecotality Inc. (ECTY) , a maker of batteries and charging stations for electric cars, filed for bankruptcy with plans to sell itself at a court-supervised auction to pay off debt. (Tue, 17 Sep 2013 10:05:28 -0700)

Penthouse publisher files for bankruptcy
The publisher of Penthouse magazine said Tuesday it filed for bankruptcy, seeking approval of a deal with most creditors to eliminate some $300 million in debt. (Tue, 17 Sep 2013 10:18:34 -0700)

Bankruptcy Judge Sides With Edison Mission in Chevron Dispute
Bankruptcy Judge Sides With Edison Mission in Chevron Dispute (Tue, 17 Sep 2013 11:12:39 -0700)

Ecotality files for Ch. 11 bankruptcy protection
Ecotality, which makes charging systems for electric vehicles, has filed for Chapter 11 bankruptcy protection and wants to sell its assets in an auction. Ecotality Inc. said it made the filing Monday in ... (Tue, 17 Sep 2013 13:53:23 -0700)

What 'Penthouse' Owner FriendFinder's Bankruptcy Says About Sex
The bankruptcy filing of Penthouse publisher FriendFinder Networks reveals the problem with porn. (Tue, 17 Sep 2013 13:54:41 -0700)

Penthouse publisher FriendFinder files for bankruptcy protection
FriendFinder Networks' bankruptcy filing comes as the adult entertainment industry competes with free online options. The company that owns Penthouse magazine and a host of online dating and adult websites filed for bankruptcy protection Tuesday.         (Tue, 17 Sep 2013 20:26:03 -0700)

Sex doesn't always sell: Penthouse files for bankruptcy
Maybe sex doesn't sell that well after all. FriendFinder Networks, publisher of Penthouse magazine and numerous adult-entertainment websites, filed for Chapter 11 bankruptcy on Tuesday. (Wed, 18 Sep 2013 12:28:40 -0700)

The Deal: Lehman Makes Its Mark on Bankruptcy's Landscape
NEW YORK (The Deal) -- In the minds of many, Lehman Brothers' collapse and subsequent bankruptcy has served as a turning point in the country's financial landscape. And while five years have gone by since the epic Chapter 11 filing on Sept. 15, 2008, its influence remains strong. For example, the movement behind the possible creation of a Chapter 14 of the U.S. Bankruptcy Code that would just be ... (Wed, 18 Sep 2013 13:06:50 -0700)

Devonshire PGA Files Bankruptcy With Restructuring Plan
Devonshire PGA Holdings LLC, the owner of a Florida assisted-living facility, sought bankruptcy protection with a restructuring plan that gives lenders ownership in exchange for debt. (Thu, 19 Sep 2013 10:16:01 -0700)

Emotional Detroiters, retirees fight bankruptcy filing
A parade of Detroiters and retirees tried to derail the city's bankruptcy case Thursday, arguing the filing was not made in good faith and would slash constitutionally protected pensions. (Thu, 19 Sep 2013 12:44:41 -0700)

Retirees plead with judge to end Detroit bankruptcy proceedings
A parade of Detroiters and retirees tried to derail the city's bankruptcy case Thursday, arguing the filing was not made in good faith and would slash constitutionally protected pensions. (Thu, 19 Sep 2013 13:32:36 -0700)

Detroiters argue against bankruptcy for troubled city
DETROIT, Sept. 19 (UPI) -- A bankruptcy judge in Detroit heard Thursday from about two dozen people arguing against allowing the troubled city to go through Chapter 9 bankruptcy. (Thu, 19 Sep 2013 14:01:27 -0700)

Retirees plead with judge to end Detroit bankruptcy proceedings
A parade of Detroiters and retirees tried to derail the city's bankruptcy case Thursday, arguing the filing was not made in good faith and would slash constitutionally protected pensions. (Thu, 19 Sep 2013 15:08:01 -0700)

Detroit bankruptcy judge says Orr must give 2nd deposition; limits questions
U.S. Bankruptcy Judge Steven Rhodes on Thursday ordered Detroit Emergency Manager Kevyn Orr to sit for a second deposition, but limited questions from union attorneys that he has to answer under oath about the city's bankruptcy filing. (Thu, 19 Sep 2013 16:12:11 -0700)

Anguish in court as Detroit residents object to bankruptcy filing
By Joseph Lichterman DETROIT (Reuters) - Detroit residents, city retirees and even two city council members stood Thursday where dozens of bankruptcy lawyers have gone before them: before Bankruptcy Judge Steven Rhodes, arguing why their city does not belong in bankruptcy court. In what Judge Rhodes termed an "extraordinary" and wide-ranging hearing, 45 people addressed the court Thursday from ... (Thu, 19 Sep 2013 17:13:32 -0700)

Detroit bankruptcy foes beg for judge's help
It all came down to three minutes. It took decades of mismanagement to build the massive problems that plunged Detroit into bankruptcy. Lawyers will spend months in court sorting out the city's finances. ... (Thu, 19 Sep 2013 17:21:53 -0700)

Bankruptcy petition preparer convicted in case involving Detroit bankruptcy judge
— A federal jury on Thursday convicted a bankruptcy petition preparer of contempt in a case that brought U.S. Bankruptcy Judge Steven Rhodes to the witness stand. (Thu, 19 Sep 2013 17:37:12 -0700)

Bankruptcy threatens regional alliances
Detroit's bankruptcy could be endangering regional cooperation, an elusive ideal only starting to be realized in southeast Michigan. (Fri, 20 Sep 2013 05:45:26 -0700)

Expert: Different approach could have helped Detroit avoid bankruptcy filing
One bankruptcy expert said the state of Michigan could have taken a more proactive approach to help Detroit avoid its July bankruptcy filing. (Fri, 20 Sep 2013 14:57:51 -0700)

State hires 'supplemental' attorneys to advise in Detroit bankruptcy case
— The uncharted territory of bankruptcy court has prompted the state of Michigan to hire additional attorneys to advise the governor and state treasurer in Detroit's Chapter 9 reorganization case. (Fri, 20 Sep 2013 22:52:38 -0700)

Plan to untangle Detroit debt to get test in bankruptcy court
The first big brawl in Detroit's bankruptcy case will play out this week when the city's lawyers try to persuade the judge that two Wall Street banks deserve to cut in front of pensioners and bondholders in the debt payment line. (Sun, 22 Sep 2013 23:30:42 -0700)

Plan to untangle Detroit debt to get test in bankruptcy court
The first big brawl in Detroit's bankruptcy case will play out this week when the city's lawyers try to persuade the judge that two Wall Street banks deserve to cut in front of pensioners and bondholders in the debt payment line. (Mon, 23 Sep 2013 02:07:40 -0700)

Bankruptcy judge delays hearing on Detroit swaps deal
DETROIT (Reuters) - A U.S. Bankruptcy Court judge on Monday granted a motion by Detroit to delay a hearing on a controversial deal between the city and banks aimed at ending interest-rate swap agreements. In his order, Judge Stephen Rhodes, who is overseeing Detroit's historic municipal bankruptcy case, said the hearing that had been slated to start on Tuesday will be adjourned to a date to be ... (Mon, 23 Sep 2013 14:18:50 -0700)

Bankruptcy judge delays crucial hearing
U.S. Bankruptcy Judge Steven Rhodes agreed to delay a crucial hearing on a proposed settlement of $250 million in debt tied to the City of Detroit's pension crisis. (Mon, 23 Sep 2013 15:27:34 -0700)

Detroit bankruptcy judge: Accident victim must wait in line for payment
U.S. Bankruptcy Judge Steven Rhodes said Tuesday it would be 'fundamentally unfair' to let a car accident victim pursue his $2 million judgment against the city of Detroit while other creditors wait to get repaid. (Tue, 24 Sep 2013 19:39:17 -0700)

City to reveal exit plan from bankruptcy
STOCKTON - The city struck a new deal Tuesday with the owner of the Stockton Thunder hockey team as bankruptcy proceedings quickly approach a milestone. (Wed, 25 Sep 2013 00:17:15 -0700)

Detroit Union Seeks to Revive `13th' Pension Check Policy
Detroit’s bankruptcy judge should allow a state employment panel to reinstate a pension program that gave an extra check to retirees every year using excess earnings, a city union said in court papers. (Thu, 26 Sep 2013 08:16:02 -0700)

Bankruptcy Attorney in Huntington Beach CA Releases New Ad Campaign Offering Extremely Low-Cost Chapter 7 Bankruptcy ...
Residents living in Huntington Beach California wanting to file for bankruptcy under Chapter 7 now have an inexpensive method. Bankruptcy attorneys Zhou & Chini have new hopes as demonstrated by the new ad campaign launched by the bankruptcy law firm in Orange County. (PRWeb September 26, 2013) Read the full story at http://www.prweb.com/releases/ba ... (Thu, 26 Sep 2013 08:49:38 -0700)

Personal bankruptcy: The rules for your last resort
More than 37,000 Canadians filed for personal bankruptcy in the first half of 2013. That’s down slightly from the last half of 2012 but it does reflect an abnormally high number of bankruptcies since the financial meltdown of 2008. Record … Continue reading → (Thu, 26 Sep 2013 09:30:11 -0700)

Exide Seeks to Control Its Bankruptcy Case Through Mid-2014
Exide Seeks to Control Its Bankruptcy Case Through Mid-2014 (Thu, 26 Sep 2013 10:55:57 -0700)

JPMorgan Back at Chrysler Side After Being Burned in Bankruptcy
JPMorgan Chase & Co. (JPM) , the lender that lost almost $2 billion during Chrysler Group LLC’s 2009 bankruptcy, is now its chief adviser as the automaker’s two owners haggle over its value. (Thu, 26 Sep 2013 15:13:23 -0700)

NYC Opera plans bankruptcy if money not raised
New York City Opera could be sounding its final note this weekend — at least for a while. The 70-year-old company says it plans to file for bankruptcy and scrap the bulk of its 2013-14 season unless it ... (Fri, 27 Sep 2013 06:51:49 -0700)

GateHouse Media Inc. files prepackaged Chapter 11 bankruptcy
GateHouse Media Inc., owner of The State Journal-Register and the Lincoln Courier, filed for voluntary Chapter 11 bankruptcy Friday in the U.S. Bankruptcy Court for Delaware. (Fri, 27 Sep 2013 09:19:27 -0700)

GateHouse Media Inc. files prepackaged chapter 11 bankruptcy
GateHouse Media Inc., owner of the Observer-Dispatch, has filed for voluntary chapter 11 bankruptcy in the U.S. Bankruptcy Court for Delaware. (Fri, 27 Sep 2013 09:33:01 -0700)

Divorce, bankruptcy sometimes go hand-in-hand
Sometimes bad life-changing events go hand-in-hand. such as divorce and bankruptcy. (Sat, 28 Sep 2013 05:02:07 -0700)

Bankruptcy petition filed on behalf of Comcast SportsNet Houston
HOUSTON -- Affiliates of Comcast/NBC Universal filed an involuntary Chapter 11 bankruptcy petition Friday in Houston on behalf of the struggling Comcast SportsNet Houston regional sports network that it owns along with the Rockets and Astros. The action apparently came as a surprise to the Astros, who are the largest owner in the partnership at about 46 percent. Officials with the Rockets, who ... (Sat, 28 Sep 2013 09:47:41 -0700)

How to file for bankruptcy
Filing for bankruptcy is not a very common practice in India, but it can be a good option for those who are heavily indebted and see no chances of repayment in near future. Although the Indian society...         (Sun, 29 Sep 2013 01:17:24 -0700)

Bankruptcy fails to rein in Terry Serepisos
Models, international travel and erotically charged parties. Former Wellington property tycoon Terry Serepisos isn't letting bankruptcy slow him down.         (Sun, 29 Sep 2013 11:51:09 -0700)

Bankruptcy filings drop as Americans shed debt
Bankruptcies have been on the decline in Minnesota since spiking during the recession. The reasons for the drop are complicated -- and they're less tied to a recovering economy than you might think. (Mon, 30 Sep 2013 04:35:43 -0700)

Tesco's Fresh & Easy declares bankruptcy to ease sale to Burkle
Fresh & Easy Neighborhood Market Inc. filed for Chapter 11 bankruptcy in Delaware, weeks after being promised to Los Angeles billionaire Ron Burkle.         (Mon, 30 Sep 2013 08:45:33 -0700)

Tesco puts U.S. grocery chain in bankruptcy, seeks sale
By Tom Hals (Reuters) - Britain's Tesco Plc put its U.S. grocery store chain into bankruptcy on Monday as part of a plan to sell most of the 167 stores to a private equity firm led by billionaire Ron Burkle. The bankruptcy ends the grand entrance onto the U.S. stage of Britain's biggest supermarket chain. When Tesco launched the chain in Arizona, California and Nevada in 2006, many expected the ... (Mon, 30 Sep 2013 12:33:24 -0700)

Detroit bankruptcy filing details $59M in unpaid invoices owed companies and individuals
The city owes $59 million to hundreds of companies and individuals, ranging from high-profile lawyer Sam Bernstein to a popcorn vendor, according to federal court records filed late Monday that illustrate the scope and impact of the biggest municipal bankruptcy in U.S. history. (Mon, 30 Sep 2013 18:09:06 -0700)

Detroit bankruptcy filing details $59M in unpaid invoices
The city owes $59 million to hundreds of companies and individuals, ranging from high-profile lawyer Sam Bernstein to a popcorn vendor, according to federal court records filed late Monday that illustrate the scope and impact of the biggest municipal bankruptcy in U.S. history. (Mon, 30 Sep 2013 18:20:30 -0700)


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