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Home > Bankruptcy News

Bankruptcy News Jan 2014

Evergreen Air Files Bankruptcy After Push For Payment
Evergreen International Airlines Inc., a provider of air freight and transport services, sought bankruptcy protection yesterday two weeks after creditors asked a court to force the company to pay off debt. (Wed, 01 Jan 2014 10:59:02 -0800)

Who is set to gain from bankruptcy shake-up?
A TSUNAMI is about to hit the courts. (Wed, 01 Jan 2014 18:35:28 -0800)

Country singer Eddie Montgomery files for bankruptcy
Country singer Eddie Montgomery, one-half of the hit duo Montgomery Gentry, filed for individual bankruptcy on Wednesday. In the filing in U.S. Bankruptcy Court in Lexington, the Danville resident listed liabilities of $13.4 million and $1.9 million in assets. (Thu, 02 Jan 2014 10:57:36 -0800)

Fisker seeks rejection of Chinese suitor it blames for its bankruptcy
* Unsolicited suitor Wanxiang allegedly contributed to bankruptcy * Fisker urges court to approve sale to Hong Kong's Richard Li entity * Judge to consider Li, Wanxiang plans Jan. 10 Jan 2 (Reuters) - Fisker Automotive, the bankrupt maker of a plug-in hybrid sports car, asked a federal judge to approve its proposed sale to a Hong Kong tycoon rather than a Chinese suitor that Fisker alleged was ... (Thu, 02 Jan 2014 12:53:33 -0800)

Testimony to resume Friday in Detroit bankruptcy swaps deal
Testimony is set to resume Friday in bankruptcy court over a controversial settlement Detroit struck with two banks to resolve a troubled pension debt. (Thu, 02 Jan 2014 13:49:24 -0800)

Testimony to resume Friday in Detroit bankruptcy swaps deal
Testimony is set to resume Friday in bankruptcy court over a controversial settlement Detroit struck with two banks to resolve a troubled pension debt. (Thu, 02 Jan 2014 17:05:46 -0800)

How Do You Declare Bankruptcy? What Does It Mean? Here's All You Need To Know
Declaring bankruptcy is a sad event but it happens to many cash-strapped Brits who find themselves unable to pay their debts, including BNP leader Nick Griffin . Nearly 60,000 people declared bankruptcy in 2010, according to the National Insolvency Service. So what happens to your debts? Why should you declare bankruptcy? Here's all you need to know if bankruptcy looms as the only option ... (Fri, 03 Jan 2014 03:42:08 -0800)

Detroit bankruptcy judge reviews new deals to pay off debt
A judge overseeing Detroit's bankruptcy is considering a recent agreement to pay off banks and settle millions of dollars in debt tied to an interest rate swap deal ... (Fri, 03 Jan 2014 05:03:13 -0800)

Detroit bankruptcy judge reviews new deals to pay off debt
A judge overseeing Detroit's bankruptcy is considering a recent agreement to pay off banks and settle millions of dollars in debt tied to an interest rate swap deal. (Fri, 03 Jan 2014 06:40:46 -0800)

The Best and Worst Run Cities in America
A federal judge granted Detroit’s Chapter 9 bankruptcy filing earlier this month, making it the largest municipal bankruptcy in U.S. history. Bankruptcy is frequently the product of a history of problems. ... (Fri, 03 Jan 2014 10:44:53 -0800)

Court approves Catalyst acquisition of Advantage
A Mississippi bankruptcy judge has approved a deal that allows Canadian private equity firm The Catalyst Capital Group to buy Advantage Rent-A-Car. The Ridgeland, Miss.-based rental car company filed for ... (Fri, 03 Jan 2014 15:15:47 -0800)

Bankruptcy court approves Catalyst Capital's bid for Advantage Rent-A-Car
A Mississippi bankruptcy judge has approved a deal that allows Canadian private equity firm The Catalyst Capital Group to buy Advantage Rent-A-Car. The Ridgeland, Miss.-based rental car company filed for Chapter 11 bankruptcy in November. The private equity firm will pay for the deal by forgiving a $46 million loan made earlier to Advantage as part of its bankruptcy proceedings. (Fri, 03 Jan 2014 15:32:57 -0800)

Local bankruptcy filings dive
Bankruptcy filings in northwest Ohio last year dropped to their lowest level since 2006, with Chapter 7 liquidation cases falling 8 percent. (Fri, 03 Jan 2014 21:05:06 -0800)

D.C. area bankruptcy filings for Jan. 6
These firms recently filed with the U.S. Bankruptcy Court’s local court clerk’s offices. (Sun, 05 Jan 2014 18:00:15 -0800)

Bankruptcy trips up Santa Fe’s water-meter lawsuit
SANTA FE – Santa Fe city government's effort to recover $5 million spent on a faulty radio-c ... (Sun, 05 Jan 2014 23:09:00 -0800)

Orange County Bankruptcy Attorneys Zhou & Chini Are Developing New Informative Bankruptcy Basics Videos
Bankruptcy attorneys in Orange County CA Zhou & Chini started production of short bankruptcy basics videos. The short videos discuss the most ask questions of individuals seeking to file. (PRWeb January 06, 2014) Read the full story at http://www.prweb.com/releases/Or (Mon, 06 Jan 2014 01:01:44 -0800)

Weather delays hearing in Detroit bankruptcy case
Winter weather has delayed closing arguments in a bankruptcy court hearing on an agreement by Detroit to pay off banks and settle millions of dollars in debt tied to an interest rate swaps deal. Bankruptcy ... (Mon, 06 Jan 2014 07:06:50 -0800)

Commerce Street Capital Guides Sale of Park Cities Bank to Olney Bancshares of Texas, Inc.
U. S. Bankruptcy Court in Delaware has approved the acquisition of Park Cities Bank , by Olney Bancshares of Texas, Inc. The sale is the culmination of a three-year work out process during which Commerce Street Capital, LLC , a Dallas-based investment banking firm, served as strategic advisor to Park Cities Bank and its parent, North Texas Bancshares, Inc . (Mon, 06 Jan 2014 08:00:00 -0800)

U.S. business bankruptcies dropped 24 pct in 2013
* Personal and business bankruptcy filings fell 13 pct * Bankruptcy court in Delaware leads in Chapter 11 cases WILMINGTON, Del., Jan 6 (Reuters) - Business bankruptcy filings in the United States dropped 24 percent in 2013 to their lowest level since at least 2006, according to a report on Monday. Overall, bankruptcies by businesses and individuals combined fell 13 percent, said the report ... (Mon, 06 Jan 2014 13:16:46 -0800)

U.S. business bankruptcies dropped 24 percent in 2013
By Tom Hals WILMINGTON, Delaware (Reuters) - Business bankruptcy filings in the United States dropped 24 percent in 2013 to their lowest level since at least 2006, according to a report on Monday. Overall, bankruptcies by businesses and individuals combined fell 13 percent, said the report, released by the American Bankruptcy Institute. Bankruptcy filings by businesses and individuals spiked as ... (Mon, 06 Jan 2014 13:22:42 -0800)

US Business Bankruptcies Dropped 24 Percent in 2013
Business bankruptcy filings in the United States dropped 24 percent in 2013 to their lowest level since at least 2006, according to a report on Monday. Overall, bankruptcies by businesses and individuals combined fell 13 percent, said the report, released by the American Bankruptcy Institute. Bankruptcy filings by businesses and individuals spiked as the United States entered recession in 2007 ... (Mon, 06 Jan 2014 16:08:45 -0800)

Rockets request more time as lead negotiator in CSN Houston bankruptcy case
The Rockets asked a federal bankruptcy judge Monday night to extend their role as lead negotiator for Comcast SportsNet Houston through Jan. 31, allowing more time to pursue what they describe as “significant progress” with potential partners that could help revive the financially troubled regional sports network. The request was filed in advance of a 4 p.m. Tuesday status conference before U.S ... (Mon, 06 Jan 2014 18:42:33 -0800)

California Bankruptcy Information Website Completes A Series of Videos Discussing Chapter 7 Bankruptcy Options For Los ...
Top bankruptcy attorneys Zhou & Chini just completed new informational videos to help promote their law firm. The new “ chapter 7 bankruptcy Los Angeles ” video series covers the basic questions concerning filing for this type of Chapter. (PRWeb January 07, 2014) Read the full story at http://www.prweb.com/releases/Ca (Tue, 07 Jan 2014 01:50:51 -0800)

US bankruptcies drop 24% in 2013
WILMINGTON. - Business bankruptcy filings in the United States dropped 24 percent in 2013 to their lowest level since at least 2006, according to a report yesterday. (Tue, 07 Jan 2014 06:04:41 -0800)

Rockets may continue negotiating for CSN Houston, judge rules
A federal bankruptcy judge granted the Rockets permission Tuesday to continue negotiating on behalf of Comcast SportsNet Houston and set Feb. 4 to hear arguments on the Astros’ motion to dismiss an involuntary Chapter 11 bankruptcy petition filed against the network last September. U.S. District Judge Marvin Isgur also provided a clearly worded signal indicating that if the Astros-Rockets ... (Tue, 07 Jan 2014 18:17:22 -0800)

Waiting For The New Bankruptcy Law
This first of a two-part series will discuss the need for a new act to replace the Bankruptcy Act 1967, which is deemed as too stringent and no longer relevant. (Tue, 07 Jan 2014 22:21:36 -0800)

Features : Waiting For The New Bankruptcy Law
KUALA LUMPUR, Jan 8 (Bernama) -- Every financial decision Mohd Samran (not his real name) ever made had been well-scrutinised. He believed in avoiding the pitfalls of accumulated debts. (Tue, 07 Jan 2014 22:34:19 -0800)

Bankruptcy negotiations gain urgency
Closed-door negotiations in Detroit's bankruptcy have intensified this week as the city and its numerous creditors try to strike a deal to restructure $18 billion in debt. (Wed, 08 Jan 2014 03:30:17 -0800)

Bankruptcy mediator to Detroit: Give creditors details on water restructuring plan
The mediator in Detroit's bankruptcy ordered the city to disclose the details of its potentially lucrative proposal for the water and sewer department by Thursday. (Thu, 09 Jan 2014 03:34:49 -0800)

Detroit pension funds push for expedited bankruptcy appeal
Detroit's pension funds continued to push this week for an expedited appeal of the city's bankruptcy eligibility and ability to slash pensions while negotiations between the city and its creditors intensified over a deal to shed billions in debt. (Thu, 09 Jan 2014 10:43:16 -0800)

Bankruptcy court judge approves payments to Direct Air passengers
A bankruptcy court judge on Thursday approved payments totaling $250,000 to about 1,900 Direct Air customers who bought tickets for flights on the former Myrtle Beach-based air carrier before it was abruptly grounded in March 2012. (Thu, 09 Jan 2014 13:52:52 -0800)

Detroit pension funds push for expedited bankruptcy appeal
Detroit's pension funds continued to push this week for an expedited appeal of the city's bankruptcy eligibility and ability to slash pensions while negotiations between the city and its creditors intensified over a deal to shed billions in debt. (Thu, 09 Jan 2014 16:00:07 -0800)

Bankruptcy court approves three sales of HRK land at Piney Point
Contaminated phosphate processing site owned by HRK Industries near Port Manatee sold to Thatcher Chemical in bankruptcy court for $1.57 million. (Thu, 09 Jan 2014 20:55:16 -0800)

Should I file bankruptcy after I short sell my house?
Bankruptcy can be a sensitive and emotional topic to address. But when it comes to short selling your home and getting your life back on track, it’s important to have your facts straight. Here are some frequently asked questions about bankruptcy following short sale. (Fri, 10 Jan 2014 00:42:18 -0800)

Ventura County bankruptcy filings down 50 percent from 2010 peak
People, including Ventura County residents, filed for bankruptcy in fewer numbers last year amid an improved economy. (Fri, 10 Jan 2014 10:22:00 -0800)

Bankruptcy judge weighs future of Fisker
A Delaware bankruptcy judge is weighing competing sale plans for failed electric-vehicle manufacturer Fisker Automotive. The judge planned to issue a key ruling Friday that could determine the new owner ... (Fri, 10 Jan 2014 11:41:44 -0800)

EnPro shares jump on bankruptcy court ruling
Shares of EnPro Industries climbed in aftermarket trading Friday after a bankruptcy court judge confirmed the company won't have to set aside more money to cover mesothelioma claims against one of its ... (Fri, 10 Jan 2014 14:52:38 -0800)

Judge Slashes Asbestos Liability In Garlock Bankruptcy To $125 Million
A bankruptcy judge slashed by 90% the amount gasket manufacturer Garlock Sealing Technologies owes asbestos plaintiffs, citing the widespread practice of lawyers to inflate claims against the company by withholding evidence their clients were exposed to other sources of asbestos. (Fri, 10 Jan 2014 15:20:37 -0800)

Bankruptcy judge orders auction for Fisker
WILMINGTON, Del. (AP) — A Delaware bankruptcy judge on Friday ordered a competitive auction for the assets of Fisker Automotive, rejecting a proposal by a group led by Hong Kong billionaire Richard Li to assume control of the failed electric auto manufacturer in a private sale. (Fri, 10 Jan 2014 15:44:20 -0800)

Bankruptcy judge orders auction for electric auto maker Fisker, rejects private sale to Hybrid
WILMINGTON, Del. - A Delaware bankruptcy judge on Friday ordered a competitive auction for the assets of Fisker Automotive, rejecting a proposal by a group led by Hong Kong billionaire Richard Li to assume ... (Fri, 10 Jan 2014 15:48:44 -0800)

For Scranton residents, bankruptcy is an inviting option
Many residents of financially troubled Scranton, Pa., struggling under the burden of hefty fee and tax hikes, want the city to file for Chapter 9 bankruptcy protection. SCRANTON, Pa. — When Detroit filed for bankruptcy, hundreds of residents took to the streets to protest what they saw as a drastic approach to fixing the city's budget problems.         (Fri, 10 Jan 2014 18:20:40 -0800)

Bankruptcy judge rejects Hybrid plan for Fisker
A Delaware bankruptcy judge on Friday ordered a competitive auction for the assets of Fisker Automotive, rejecting a proposal by a group led by Hong Kong billionaire Richard Li to assume control of the failed electric auto manufacturer in a private sale. (Fri, 10 Jan 2014 18:53:26 -0800)

Bankruptcy decline could reverse amid better jobs picture
Consumer bankruptcy filings have been on a steady decline since 2010, both nationally and in Tennessee, but with the economy improving, bankruptcy experts say declining unemployment rates could actually spur a new spate of filings in 2014. (Sun, 12 Jan 2014 00:55:12 -0800)

Detroit Bankruptcy: Hearing to continue on pension debt payment deal
A bankruptcy court hearing on Detroit's renegotiated deal to pay off two banks in an interest rate swaps deal is scheduled to resume. (Mon, 13 Jan 2014 05:40:56 -0800)

Batista Bankruptcy Accord Propels Shipbuilder OSX’s Bonds
OSX Brasil SA (OSXB3) , the shipbuilder founded by former billionaire Eike Batista , is surging to a six-month high in the bond market after its sister company and biggest client moved closer to emerging from bankruptcy. (Mon, 13 Jan 2014 07:14:06 -0800)

Bankruptcy Judge Orders Competitive Fisker Auction
Judge turns down debit takeover offer and orders auction         (Mon, 13 Jan 2014 07:37:50 -0800)

Fisker bankruptcy bidding heats up quickly
WILMINGTON, Del. (AP) — Hybrid Technology, led by Hong Kong billionaire Richard Li, has offered $55 million in an auction of Fisker Automotive's assets, just days after a bankruptcy judge in Delaware rejected Hybrid's plan to take over the failed electric-vehicle manufacturer in a private sale. (Mon, 13 Jan 2014 07:50:10 -0800)

Federal judge overseeing Madoff liquidation dies
The federal bankruptcy judge presiding over the liquidation of assets related to Bernard Madoff's Ponzi scheme has died, a clerk to the U.S. Bankruptcy Court in New York said on Monday. U.S. Bankruptcy Judge Burton Lifland, 84, died on Sunday, according to the clerk, Vito Genna. Lifland was the longest-serving judge for the U.S. Bankruptcy Court for the Southern District of New York, for which ... (Mon, 13 Jan 2014 09:33:03 -0800)

U.S. Bankruptcy Court Judge Burton R. Lifland Dies
U.S. Bankruptcy Court Judge Burton R. Lifland, who was overseeing the continuing wind-down of assets related to the Ponzi scheme orchestrated by Bernard Madoff, has died. Judge Lifland died Sunday, according to Vito Genna, clerk of the U.S. Bankruptcy Court in Manhattan. (Mon, 13 Jan 2014 12:53:38 -0800)

Bankruptcy filings continued to fall statewide in 2013
The total number of bankruptcy filings in Arizona and in the Tucson area fell 19 percent in 2013, according to the latest figures from the Arizona division of the U.S. Bankruptcy Court. (Mon, 13 Jan 2014 13:00:00 -0800)

Keep partner's credit safe from bankruptcy?
Dear Bankruptcy Adviser, Hi, I'm looking to file bankruptcy, but will it affect my partner's credit? We own a house and car together. He does not live in the house we jointly own. He owns his own apartment in which he lives. He also has his own car. (Tue, 14 Jan 2014 03:34:21 -0800)

Supreme Court hears case on the limits of bankruptcy judges' powers
At issue: What sorts of matters must be handled by federal district judges and which can be overseen by bankruptcy judges. (Tue, 14 Jan 2014 08:04:58 -0800)

U.S. judge gives narrow reading of Lyondell shareholder protections
A U.S. bankruptcy judge on Tuesday partly upheld efforts by creditors of the former Lyondell Chemical Co to reclaim money from its shareholders, in a ruling that could help resolve the murky issue of how far shareholder protections extend when companies go bankrupt. U.S. Bankruptcy Judge Robert Gerber in New York dismissed one fraud claim against shareholders in the $6.3 billion lawsuit, but ... (Tue, 14 Jan 2014 13:49:24 -0800)

Foundations pave way out of bankruptcy
Detroit is going through bleak times, struggling to manage bankruptcy while restoring services and security, and uncertain what the future holds. But we can't say the city doesn't have friends. To the contrary. (Wed, 15 Jan 2014 00:14:03 -0800)

Bankruptcy brings year of deadlines for diocese
SACRAMENTO - When the Stockton Diocese electronically files for Chapter 11 bankruptcy protection today, it will set in motion a series of deadlines that will take most of this year to play out. (Wed, 15 Jan 2014 00:15:37 -0800)

Burton R. Lifland, Judge in Madoff Bankruptcy Case, Dies at 84
Burton R. Lifland, a U.S. bankruptcy judge in New York whose 34 years on the bench... Read More Burton R. Lifland, a U.S. bankruptcy judge in New York whose 34 years on the bench included unwinding Bernard Madoff’s Ponzi scheme and changing how asbestos liability is treated, has died. He was 84. (Wed, 15 Jan 2014 07:29:24 -0800)

What If Your Financial Planner Files for Bankruptcy?
By Hal M. Bundrick NEW YORK (MainStreet) You trust your financial planner to be honest, knowledgeable and prudent, but financial setbacks can affect anyone even the wisest among us. What if your financial advisor files for bankruptcy? Would that impact your view of his advice? Periodically, the Certified Financial Planner Board of Standards releases a list of CFP professionals who have declared ... (Wed, 15 Jan 2014 14:43:53 -0800)

State's legal bills continue to mount in Detroit bankruptcy
The state of Michigan's legal bills in Detroit's bankruptcy continue to mount as a team of private attorneys has already exceeded its initial contract budget. (Wed, 15 Jan 2014 17:51:33 -0800)

State's legal bills continue to mount in Detroit bankruptcy
The state of Michigan's legal bills in Detroit's bankruptcy continue to mount as a team of private attorneys has already exceeded its initial contract budget. (Wed, 15 Jan 2014 19:07:41 -0800)

Central California Diocese Files for Bankruptcy
Catholic diocese in California files for bankruptcy after millions paid in sexual abuse cases         (Wed, 15 Jan 2014 19:14:05 -0800)

Horvaths' forced bankruptcy halted
A federal bankruptcy judge has halted attempts by two attorneys to take any assets of Terrie Horvath to help pay the legal costs of her estranged husband’s lengthy court battle over the Tony Packo’s restaurant chain. (Wed, 15 Jan 2014 21:04:42 -0800)

Catholic diocese in California files for bankruptcy after millions paid in sexual abuse cases
A Roman Catholic diocese in Central California filed for bankruptcy protection on Wednesday after paying out millions of dollars to plaintiffs who made sexual abuse allegations during the past two decades. (Wed, 15 Jan 2014 21:15:03 -0800)

Bankruptcy judge to rule today on Detroit's $165M swaps deal
U.S. Bankruptcy Judge Steven Rhodes will announce at 2 p.m. today whether Detroit can pay two banks $165 million to terminate a troubled pension debt deal blamed for pushing the city into bankruptcy. (Thu, 16 Jan 2014 11:04:51 -0800)

Stockton Catholic diocese files for bankruptcy
A Roman Catholic diocese in Central California filed for bankruptcy protection on Wednesday after paying out millions of dollars to plaintiffs who made sexual abuse allegations during the past two decades. (Thu, 16 Jan 2014 11:06:56 -0800)

Live blog: Detroit bankruptcy judge denies proposed swaps settlement
U.S. Bankruptcy Judge Steven Rhodes will issue a verbal ruling at 2 p.m. on the City of Detroit's proposed swaps settlement and bankruptcy financing deal. The ruling comes after a bankruptcy trial over the city's proposal to pay $165 million to UBS and Bank of America Merrill Lynch to exit the "swaps," a disastrous pension debt interest-rate transaction from 2005 that helped plunge the city into ... (Thu, 16 Jan 2014 11:51:20 -0800)

Detroit bankruptcy judge rejects deal with banks
LANSING, Mich. (AP) — A judge overseeing Detroit's bankruptcy again rejected a deal Thursday to end a disastrous financial agreement with major banks, dealing a blow to officials who want to put the issue behind them as they work on a broader plan to get the city out of Chapter 9 in the largest public filing in U.S. history. (Thu, 16 Jan 2014 13:17:12 -0800)

Detroit Bankruptcy Judge Denies City Swaps Deal
A bankruptcy judge denied a $165 million deal Thursday would have allowed Detroit to get out of an interest-rate swaps deal with two banks, according to news reports. (Thu, 16 Jan 2014 13:20:02 -0800)

Detroit bankruptcy judge rejects deal with banks
A judge overseeing Detroit's bankruptcy again rejected a deal Thursday to end a crippling financial agreement with major banks, dealing a blow to officials who want to put the issue behind them as they ... (Thu, 16 Jan 2014 14:58:19 -0800)

Detroit bankruptcy judge blocks $165 million payment to banks
The judge in the Detroit bankruptcy case struck down a controversial proposed settlement in which the city would have paid two big banks $165 million. (Thu, 16 Jan 2014 15:25:41 -0800)

Detroit bankruptcy judge blocks $165M payment to banks
Judge Steven Rhodes won't agree to controversial deal that would have the city pay $165 million to Bank of America and UBS. (Thu, 16 Jan 2014 15:41:37 -0800)

Detroit bankruptcy judge blocks $165 million payment to banks
The judge in the Detroit bankruptcy case struck down a controversial proposed settlement in which the city would have paid two big banks $165 million. (Fri, 17 Jan 2014 06:03:37 -0800)

Freedom Industries seeks bankruptcy
Freedom Industries filled for bankruptcy on Friday, eight days after a leak from one of it's storage tanks contaminated drinking water in W. Virginia. (Fri, 17 Jan 2014 13:46:02 -0800)

Judge rejects Detroit's $165m. deal with creditors as 'just too much money'
The federal bankruptcy judge presiding over the Chapter 9 restructuring of Detroit’s finances rejected a $165 million settlement with some of the city’s biggest creditors, suggesting the city could do better, perhaps through a lawsuit. It’s just too much money,” Judge Rhodes said in his verbal ruling, adding that the sum was “higher than the highest reasonable number.” (Fri, 17 Jan 2014 13:51:09 -0800)

Co. blamed for W.Va. spill files for bankruptcy
The company blamed for a chemical spill that left 300,000 West Virginians without safe drinking water filed for bankruptcy Friday. Freedom Industries Inc., facing at least 31 lawsuits and additional state ... (Fri, 17 Jan 2014 14:28:52 -0800)

Company in West Virginia chemical spill files for bankruptcy
Specialty chemicals maker Freedom Industries Inc filed for Chapter 11 bankruptcy protection on Friday, eight days after a leak from one of its storage tanks contaminated drinking water for hundreds of thousands of West Virginia residents. A chemical used to process coal spilled into the Elk River in Charleston, prompting the state's governor to declare a state of emergency in nine counties and ... (Fri, 17 Jan 2014 14:39:20 -0800)

Company files for bankruptcy after W.Va. spill
The company blamed for a chemical spill that left 300,000 West Virginians without safe drinking water filed for bankruptcy Friday, temporarily shielding it from dozens of lawsuits, many by businesses that ... (Fri, 17 Jan 2014 21:32:34 -0800)

West Virginia chemical company files for bankruptcy after leak
Freedom Industries Inc., facing lawsuits and investigations after its storage tank spilled a chemical that tainted water for 300,000 residents, seeks federal bankruptcy protection. Bombarded by lawsuits and under federal investigation, the chemical company that spilled a dangerous solvent into a West Virginia river and fouled the drinking water of 300,000 people filed for federal bankruptcy ... (Fri, 17 Jan 2014 23:30:12 -0800)

Bankruptcy period could be extended from 1 to 3 years
The report by R3 also suggested people declaring bankruptcy should be given the chance to pay the £700 upfront fee in instalments. (Sat, 18 Jan 2014 07:59:16 -0800)

Bankruptcy period could be extended from 1 to 3 years
The report by R3 also suggested people declaring bankruptcy should be given the chance to pay the £700 upfront fee in instalments. (Sat, 18 Jan 2014 19:14:39 -0800)

Divvy supplier files bankruptcy
The company that supplies bicycles, stations, docks and software for Chicago’s Divvy bike-sharing program filed for bankruptcy Monday, casting a cloud over an ambitious expansion plan. The Public Bike System Company’s decision to seek federal protection from creditors owed millions forced the city of Montreal to take over its local bike-sharing program to protect its investment. The development ... (Mon, 20 Jan 2014 14:30:24 -0800)

Divvy supplier files for bankruptcy, but bikes expected to keep rolling
A Montreal-based equipment supplier for Divvy filed for bankruptcy Monday, but at least one city official said it shouldn’t affect operations of Chicago’s bicycle-sharing program.         (Mon, 20 Jan 2014 16:01:45 -0800)

Divvy should keep rolling, despite supplier's bankruptcy filing
A Montreal-based equipment supplier for Divvy filed for bankruptcy, but at least one city official said it shouldn't affect operations of Chicago's bicycle program.         (Mon, 20 Jan 2014 18:11:49 -0800)

Bike-sharing bankruptcy puts Vancouver program in jeopardy
The impending bankruptcy of Montreal-based bike-sharing company Bixi has one Vancouver city councillor questioning the City of Vancouver's plans for a multi-million-dollar bike-sharing program. (Tue, 21 Jan 2014 06:36:55 -0800)

Can a commercial lease forbid bankruptcy?
Dear Bankruptcy Adviser, I'm entering into a commercial lease in Florida and the lessor wants me to sign a clause stating I cannot seek bankruptcy in the event the business fails. Is this legal? Or common? (Tue, 21 Jan 2014 07:20:18 -0800)

LightSquared’s Bankruptcy Plan May Lack 2014 FCC Approval
LightSquared Inc.’s plan to exit from bankruptcy may not be approved by the Federal Communications Commission by the end of the year, the agency said in a court filing. (Tue, 21 Jan 2014 10:59:20 -0800)

New bankruptcy cases fall in South Florida
Bankruptcy filings in South Florida have dropped more than a third since they peaked in 2010, according to new data from U.S. Bankruptcy Court Southern District of Florida.         (Tue, 21 Jan 2014 14:28:36 -0800)

Snyder pushes lawmakers on pension, DIA plan to settle Detroit bankruptcy
Negotiations over the state of Michigan's potential role in settling Detroit's bankruptcy intensified Tuesday as Gov. Rick Snyder met with legislative leaders to discuss a proposal to boost the city's pension funds. (Tue, 21 Jan 2014 15:53:29 -0800)

Big Bike-Sharing Supplier's Bankruptcy Doesn't Doom U.S. Programs
The Public Bike System Company is the main supplier for bike-sharing systems around the country, from San Francisco to New York City, and it declared bankruptcy Monday. But experts say this isn't a big bump in the road — and in fact, bike-sharing is here to stay. (Tue, 21 Jan 2014 16:53:37 -0800)

Bankruptcy judge to rule on heath care cuts, DIA appraisal today
U.S. Bankruptcy Judge Steven Rhodes will rule at 3 p.m. today on a request by retiree attorneys to block proposed health care cuts and for a second independent appraisal of the DIA's collection. (Wed, 22 Jan 2014 04:12:57 -0800)

Reasons for Bankruptcies? They're Not What You Think
NEW YORK (TheStreet) -- Consumer bankruptcy cases are flattening out, with 272,926 cases closed by Courts through March 31 after 1.2 million filings in all of 2012. The data isn't set for all of 2013 yet, with presumably hundreds of thousands of foreclosures snaking their way through the court system, but the trend is decidedly weaker these days on personal bankruptcies. Some sources estimate ... (Wed, 22 Jan 2014 06:33:03 -0800)

Bankruptcy mediators laud pending 'significant' state aid for Detroit
Gov. Rick Snyder will soon announce "significant" state aid for a plan to protect the Detroit's valuable art collection and bolster retiree pensions, the city's bankruptcy mediators said today. (Wed, 22 Jan 2014 08:13:21 -0800)

Study: Litigation, 'Debt Buyers' Are Key Drivers of Bankruptcy
NEW YORK ( MainStreet ) — Consumer bankruptcy cases are flattening out, with 272,926 cases closed by Courts through March 31 after 1.2 million filings in all of 2012. (Wed, 22 Jan 2014 08:27:40 -0800)

Michigan Gov. Snyder to propose state bailout of Detroit
Bankruptcy court mediator says he's been informed governor will propose state package to help Detroit's finances. (Wed, 22 Jan 2014 09:41:35 -0800)

Michigan Governor to propose Detroit bailout
Bankruptcy court mediator says he's been informed governor will propose state package to help Detroit's finances. (Wed, 22 Jan 2014 09:57:15 -0800)

Michigan Governor Snyder to propose state bailout of Detroit
Bankruptcy court mediator says he's been informed governor will propose state package to help Detroit's finances. (Wed, 22 Jan 2014 10:49:02 -0800)

Detroit Judge Denies Creditors a Role in Valuing Art
Detroit’s bankruptcy judge denied a creditors’ request for an official role in overseeing how the city values and uses its art collection as part of the case. (Wed, 22 Jan 2014 13:29:13 -0800)

Bankruptcy court judge says Dish properly withdrew LightSquared bid
A bankruptcy judge on Wednesday said Douglas County-based Dish Network Corp. properly withdrew its $2.2 billion bid for LightSquared's wireless spectrum assets, rejecting an argument by LightSquared's lenders that Dish was still required to close the deal. (Wed, 22 Jan 2014 16:03:50 -0800)

Vince Young joins many ex-NFL players who see bankruptcy
Young, 30, the former University of Texas and NFL quarterback and favorite son of Houston's Hiram Clarke neighborhood, has filed for federal Chapter 11 bankruptcy protection in the wake of a series of on- and off-field setbacks that have reduced him, for the moment, from NFL star-in-the-making to cautionary tale on the expense of excess. "If you wanted to write a manual about how to go into ... (Wed, 22 Jan 2014 18:04:18 -0800)

Bankruptcy court judge says Dish properly withdrew LightSquared bid
A bankruptcy judge on Wednesday said Douglas County-based Dish Network Corp. properly withdrew its $2. (Wed, 22 Jan 2014 23:05:31 -0800)

Free Lance-Star Newspaper in Virginia Files Bankruptcy
The 129-year-old publisher of Fredericksburg, Virginia’s Free Lance-Star newspaper filed for bankruptcy, saying creditor Sandton Capital Partners LP pressed the company to enter court protection to sell its assets. (Thu, 23 Jan 2014 09:29:36 -0800)

Bankruptcy judge approves $16.85M sale of Maine railway to NY firm
Robert Keach, the Bernstein Shur lawyer who was appointed to serve as trustee during Montreal, Maine and Atlantic Railway's bankruptcy proceedings, talks about a hearing on motions in the bankruptcy held in federal court in Bangor on Wednesday. (Thu, 23 Jan 2014 10:45:12 -0800)

Detroit's bankruptcy gets controversial turn in new Honda ad
Some Detroiters are seething about a new ad for Honda Civic that uses imagery from the city's bankruptcy to sell the Japanese car. (Fri, 24 Jan 2014 08:58:33 -0800)

Detroit's bankruptcy gets controversial turn in new Honda ad
Some Detroiters are seething about a new ad for Honda Civic that uses imagery from the city's bankruptcy to sell the Japanese car. (Fri, 24 Jan 2014 10:58:51 -0800)

Bankruptcy judge OKs financing motions for Fredericksburg Free Lance-Star
A federal bankruptcy court judge on Friday approved motions that will enable Free Lance-Star Publishing Co. in Fredericksburg to continue operating its newspaper, radio and printing businesses while s (Fri, 24 Jan 2014 21:08:06 -0800)

Nicholasville woman must stay in jail until her bankruptcy fraud trial, judge says
Sheryl A. Bruner, a Nicholasville woman accused of bankruptcy fraud, should stay in jail until her trial, a federal magistrate judge has ruled. (Sun, 26 Jan 2014 18:01:17 -0800)

Bankruptcy judge handles double duty with city, diocese cases
STOCKTON - U.S. Bankruptcy Judge Christopher M. Klein, no stranger to Stockton City Hall finances, is about to get familiar with the Catholic Diocese of Stockton. (Mon, 27 Jan 2014 00:23:27 -0800)

Schuette seeks quick ruling to protect pensions in Detroit bankruptcy
— Attorney General Bill Schuette on Monday asked the 6th Circuit Court of Appeals for an expedited decision on whether Michigan's constitution protects pensions in Detroit's bankruptcy case. (Mon, 27 Jan 2014 16:58:51 -0800)

Greenberg Glusker Debuts Small Enough to Fail, a New Blog Focused on Bankruptcy Issues Affecting Middle Market ...
Greenberg Glusker today launched a new blog that will offer a fresher and more conversational perspective on timely bankruptcy and insolvency issues than is commonly published in l (Tue, 28 Jan 2014 10:00:00 -0800)

Leading Bankruptcy And Restructuring Attorney Dan Stewart Joins Patton Boggs
DALLAS and WASHINGTON, Jan. 28, 2014 /PRNewswire/ -- Patton Boggs LLP has added leading attorney Daniel C. Stewart to its bankruptcy and restructuring team in Dallas.  Mr. Stewart brings more than four decades of bankruptcy law experience to Patton Boggs, where he plans to help the firm build a top-flight bankruptcy practice.  He joins the firm from Vinson & Elkins, where he was a partner in the ... (Tue, 28 Jan 2014 10:36:00 -0800)

Texas District 77: Candidate Lyda Ness-Garcia filed for bankruptcy
AUSTIN >> Less than a year before she declared her candidacy for the Texas House of Representatives, Lyda Ness-Garcia filed for bankruptcy in federal court in El Paso. (Tue, 28 Jan 2014 23:07:11 -0800)

Bankruptcy December
Bankruptcies filed in U.S. Bankruptcy Court, Knoxville and Greeneville (Wed, 29 Jan 2014 08:19:00 -0800)

Senator George Mitchell to Help Resolve Maine, Montreal & Atlantic Railway Bankruptcy
Chicago law firm, Meyers & Flowers, announced that the Unofficial Committee of Wrongful Death Claimants in the Montreal, Maine & Atlantic Railway Chapter 11 bankruptcy case filed a plan today. (Wed, 29 Jan 2014 14:53:00 -0800)

Judge approves settlement for Fannie to recover $537M for bad mortgages claim against Lehman
A federal bankruptcy judge has approved Lehman Brothers Holdings Inc.'s settlement with Fannie Mae, allowing the mortgage finance giant to recover about $537 million for its claim against the estate of the failed Wall Street bank over soured mortgage securities. (Wed, 29 Jan 2014 15:07:54 -0800)

Court decision holds key to Lindemuth's future
Developer Kent Lindemuth's bankruptcy reorganization could be the start of a new day for his vast real estate holdings - or they could continue to crumble. Lindemuth and his wife, Vikki, filed for Chapter 11 reorganization bankruptcy in November 2012. (Wed, 29 Jan 2014 19:58:27 -0800)

Kitchens abandoned after bankruptcy
A local kitchen remodeling business has filed for bankruptcy, leaving customers with unfinished kitchens. (Wed, 29 Jan 2014 20:34:05 -0800)

Who Runs Freedom Industries? West Virginia's Chemical Spill Mystery
Before the lawsuits and the retreat into federal bankruptcy court, before the change in ownership in a veiled roll-up by an out-of-state coal baron, before the Justice Department’s environmental-crimes investigation, the presidentially declared emergency, and the National Guard’s arrival—nine years before all of that—the co-founder of Freedom Industries, the company at the center of the Jan. 9 ... (Thu, 30 Jan 2014 08:18:51 -0800)

Local companies sued in Kodak bankruptcy
A trust fund for creditors filed hundreds of lawsuits in U.S. Bankruptcy Court. (Thu, 30 Jan 2014 10:41:56 -0800)

Belz scion files for bankruptcy
Martin Belz files Chapter 11 bankruptcy after real estate deals falter in Arkansas (Thu, 30 Jan 2014 16:37:00 -0800)

Catholic diocese files for bankruptcy protection
HELENA, Montana (AP) — The Roman Catholic Diocese of Helena filed for bankruptcy protection Friday in advance of proposed settlements for two lawsuits that claim clergy members sexually abused 362 people over decades and the church covered it up. (Fri, 31 Jan 2014 07:47:37 -0800)

Remember Me studio boss downplays bankruptcy reports
UPDATE Multiple French media outlets are reporting this morning that Remember Me studio Dontnod has filed for "redressement judiciaire," the French equivalent of bankruptcy. ... (Fri, 31 Jan 2014 07:54:22 -0800)

US diocese in bankruptcy move
A Roman Catholic diocese in the US state of Montana says it will file for bankruptcy protection, amid claims hundreds of children were abused. (Fri, 31 Jan 2014 08:08:31 -0800)

Catholic diocese in Montana to file for bankruptcy protection
Helena, Mont. — The Roman Catholic Diocese of Helena planned to file for bankruptcy protection Friday in advance of proposed settlements for two lawsuits that claim clergy members sexually abused 362 people over decades and the church covered it up. (Fri, 31 Jan 2014 08:27:48 -0800)

Montana diocese will file for bankruptcy after scandals - Fri, 31 Jan 2014 PST
The Roman Catholic Diocese of Helena planned to file for bankruptcy protection Friday in advance of proposed settlements for two lawsuits that claim clergy members sexually abused 362 people over ... (Fri, 31 Jan 2014 08:37:16 -0800)

Catholic diocese to file for bankruptcy protection
HELENA, Mont. (AP) — The Roman Catholic Diocese of Helena planned to file for bankruptcy protection Friday as part of a proposed $15 million settlement for hundreds of victims who say clergy members sexually abused them over decades while the church covered it up. (Fri, 31 Jan 2014 10:03:27 -0800)

Montana Catholic diocese to file for bankruptcy over sex abuse claims
Under a proposed settlement, a bankruptcy court would handle disbursement of $15 million to compensate the 362 victims identified in two lawsuits. (Fri, 31 Jan 2014 10:11:05 -0800)

Bankruptcy plan gives suburbs control of a regional water system
The suburbs would control a new regional water system and pay $1.88 billion for the privilege under Detroit's preliminary debt-cutting plan for exiting bankruptcy court, according to a copy obtained by The Detroit News. (Fri, 31 Jan 2014 11:03:59 -0800)

Montana Catholic diocese files for bankruptcy in abuse settlement
A Montana Roman Catholic diocese filed for bankruptcy on Friday as part of a proposed $17.5 million settlement with hundreds of adults alleging childhood sexual abuse by its priests, nuns and lay workers, a church spokesman said. The Helena diocese, serving an estimated 44,500 Catholics in 57 parishes and 38 missions in western Montana, is the eleventh U.S. diocese to file for Chapter 11 ... (Fri, 31 Jan 2014 15:47:32 -0800)

Detroit bankruptcy plan of adjustment moves forward
The plan to put Detroit on a path out of bankruptcy is moving at ... (Fri, 31 Jan 2014 15:48:05 -0800)

US Catholic diocese seeks bankruptcy protection
HELENA, Montana (AP) — The Roman Catholic Diocese of Helena, Montana, filed for bankruptcy protection Friday as part of a proposed $15 million settlement for hundreds of victims who say clergy members sexually abused them over decades while the church covered it up. (Fri, 31 Jan 2014 16:10:18 -0800)

Catholic diocese in Helena, Mont., to file for bankruptcy to resolve sex abuse lawsuits
The Roman Catholic Diocese of Helena, Mont., planned to file for bankruptcy on Friday to pave the way for a $15 million settlement of lawsuits alleging clergy members sexually abused 362 children over five decades, according to diocese spokesman Dan Bartleson. (Fri, 31 Jan 2014 19:40:01 -0800)


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