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Home > Bankruptcy News

Bankruptcy News Nov 2014

Washington-area bankruptcy filings for Nov. 3
These firms recently filed with the U.S. Bankruptcy Court?s local court clerk?s offices. (Sun, 02 Nov 2014 09:24:25 -0800)

Bankruptcy on the rise in Australia
Newcastle West in NSW has been named as the Australian postcode with the worst insolvency record over the past 12 months. (Mon, 03 Nov 2014 02:37:10 -0800)

The Wall Street Journal: Creditors call Trump Entertainment bankruptcy plan a ‘charade’
Unsecured creditors are calling Trump Entertainment Resorts’ proposed plan to exit bankruptcy a “charade,” and a way for billionaire investor Carl Icahn to preserve hundreds of millions of dollars in tax credits. (Mon, 03 Nov 2014 10:11:03 -0800)

Judge rules EFH can proceed with auction, but with conditions
A federal bankruptcy judge has ruled Energy Future Holdings can proceed with auctioning off of its power transmission arm Oncor but must submit to greater oversight by the court and creditors. (Mon, 03 Nov 2014 10:37:57 -0800)

LightSquared Bankruptcy Plan Would Put Ergen in Control
Charles Ergen, chairman and co-founder of Dish Network Corp., participates in a panel discussion at the annual Milken Institute Global Conference in Beverly Hills, California, on May 1, 2012. (Mon, 03 Nov 2014 12:47:05 -0800)

Wyly Widow Gives Bankruptcy Court Details of Homes, Furs
Texas entrepreneur Charles Wyly’s widow, who last month told a bankruptcy judge she was left insolvent after her husband’s death in a car crash, said assets including two homes and $4 million worth of furs and jewelry are at least $14 million shy of what she owes creditors. (Tue, 04 Nov 2014 11:38:17 -0800)

Owner of Trump casinos revises bankruptcy plan
Ahead of a key court hearing Wednesday in Wilmington, Trump Entertainment Resorts Inc. filed a revised bankruptcy plan showing that Carl Icahn - who is owed $292 million by Trump - could recover between 38 percent and 65 percent of his claim. (Tue, 04 Nov 2014 18:17:20 -0800)

GM Could Face $2 Billion Tab If Bankruptcy Shield Falls
A shop foreman performs the service recall on a General Motors Co. (GM) 2005 Chevrolet Cobalt in New Hudson, Michigan. (Wed, 05 Nov 2014 03:32:20 -0800)

UniTek Global Services Receives Bankruptcy Court Approval for First-Day Motions in Connection With Its Restructuring ...
BLUE BELL, Pa. -- UniTek Global Services, Inc. ("UniTek" or the "Company") (OTC:UNTK), a premier provider of permanently outsourced infrastructure services to the telecommunications, ... (Wed, 05 Nov 2014 05:00:00 -0800)

Judge orders secrets revealed in Apple's sapphire supplier bankruptcy
A federal bankruptcy judge on Tuesday ordered that virtually all the information Apple and its former sapphire supplier had wanted kept secret be placed in the public record by noon ET on Friday, Nov. 7. (Wed, 05 Nov 2014 07:01:05 -0800)

American College of Bankruptcy to Induct Dorsey Partner Peggy Hunt as a Fellow
International law firm Dorsey & Whitney LLP announced today that Peggy Hunt, a partner in the Firm’s Salt Lake City office, will be inducted as a Fellow of the American College (Wed, 05 Nov 2014 08:30:00 -0800)

Capital Pride annual general meeting delays bankruptcy for 45 days
Ottawa's troubled Capital Pride festival has delayed bankruptcy proceedings for 45 days and appointed a temporary board to look over its finances. Capital Pride held its public annual general meeting on Wednesday evening in Jean Pigott Place at Ottawa City Hall, where two separate groups, vying to breathe new life into the festival, were to present their proposals before bankruptcy was ... (Wed, 05 Nov 2014 13:07:02 -0800)

GM tells court it not liable for claims over pre-bankruptcy cars
By Jessica Dye and Nick Brown NEW YORK (Reuters) - General Motors said in a court filing on Wednesday that it should not have to face lawsuits based on safety issues in cars made before its 2009 bankruptcy, including a faulty ignition switch that led to the recall of 2.6 million cars earlier this year. The brief, filed in Manhattan bankruptcy court, lays out GM’s legal arguments and is the ... (Wed, 05 Nov 2014 16:19:18 -0800)

Detroit Judge’s Tough Tack Speeds Bankruptcy
Just as Detroit entered the final phase of its historic bankruptcy, the most intractable creditor in the case deployed an audacious tactic to derail the city's $7 billion debt-cutting plan. Syncora Guarantee ... (Thu, 06 Nov 2014 02:00:00 -0800)

Not liable for pre-bankruptcy claims: GM
GM said in a court filing that it should not have to face lawsuits based on safety issues in cars made before its 2009 bankruptcy. (Thu, 06 Nov 2014 04:03:34 -0800)

Steps to rebuild credit after bankruptcy
After declaring bankruptcy obtaining secured credit sources and becoming an authorized user can help bring life back to your line of credit (Thu, 06 Nov 2014 05:00:00 -0800)

Detroit Judge’s Tough Tack Said to Speed Bankruptcy
The city’s debt-cutting plan is built on settlements negotiated under the supervision of Chief Judge Gerald E. Rosen, center, and a team of mediators who handled every major financial dispute of the bankruptcy. (Thu, 06 Nov 2014 06:09:18 -0800)

How often can I file bankruptcy?
Learn about some of the limitations placed on debtors who are considering filing multiple bankruptcies, particularly if the filings are only a few years apart. (Thu, 06 Nov 2014 06:24:14 -0800)

How will bankruptcy affect my ability to get credit in the future?
Learn how filing bankruptcy affects your ability to obtain credit in the future, and find out how long a bankruptcy stays on your credit report. (Thu, 06 Nov 2014 06:29:08 -0800)

Talvivaara Unit to File for Bankruptcy, Nyrstar Faces Charge
Finnish nickel miner Talvivaara Sotkamo, the operating unit of Talvivaara Mining Co. (TLV1V) , will file for bankruptcy after efforts to secure interim funding failed. (Thu, 06 Nov 2014 10:07:02 -0800)

Detroit Bankruptcy Taught Muni Investors Painful Lessons
No matter what a federal judge decides today about approving Detroit's $18 billion bankruptcy plan, the record-setting case has already taught municipal bond investors some painful lessons. Above all, ... (Thu, 06 Nov 2014 21:01:01 -0800)

Detroit's dash through bankruptcy awaits court nod
(Reuters) - Detroit's nearly 16-month odyssey through bankruptcy reaches the finish line on Friday, when a federal judge will issue his ruling on whether the city's plan for shedding debt and investing in its future is both feasible and fair. U.S. Bankruptcy Court Judge Steven Rhodes could approve the entire plan put forward by the city's emergency manager, Kevyn Orr. He also could send the plan ... (Thu, 06 Nov 2014 22:05:13 -0800)

Detroit breaks new ground in bankruptcy settlements
By Lisa Lambert DETROIT (Reuters) - Detroit's plan for exiting the largest municipal bankruptcy in U.S. history broke new ground by using land as a bargaining chip with creditors and could serve as a model for other distressed municipalities. Few cities contain as much vacant realty as Detroit. The city leveraged that liability into settlements with two major creditors by giving them land and ... (Thu, 06 Nov 2014 22:19:33 -0800)

Turnover on NY bankruptcy court brings heightened uncertainty
By Nick Brown NEW YORK (Reuters) - The stable of judges on Manhattan's federal bankruptcy court is undergoing dramatic turnover that could bring more uncertainty to one of the go-to venues for rescuing companies on the brink of financial ruin. In January, Robert Gerber, the judge overseeing litigation stemming from the General Motors' ignition-switch recall debacle, will assume "recall" status ... (Thu, 06 Nov 2014 22:27:39 -0800)

Detroit bankruptcy case ends
Read full story for latest details. (Fri, 07 Nov 2014 06:21:27 -0800)

Detroit close to bankruptcy exit
Detroit's 16-month long municipal bankruptcy case, the largest in U.S. history, essentially ended Friday. A federal bankruptcy judge in downtown Detroit approved the city's plan to shed debt and finance ... (Fri, 07 Nov 2014 10:31:00 -0800)

Federal judge approves Detroit’s blueprint to exit bankruptcy
The deal with creditors, along with state and other aid, allows the city to exit insolvency fairly quickly. (Fri, 07 Nov 2014 10:34:00 -0800)

Questions, answers about Detroit's bankruptcy
Bankruptcy Judge Steven Rhodes has approved Detroit's plan to restructure $7 billion of the city's $12 billion debt load following a nearly two-month trial. But how did Detroit get to the point where it ... (Fri, 07 Nov 2014 10:46:22 -0800)

Judge approves bankruptcy exit plan for Detroit
A judge on Friday approved Detroit's plan to get out of bankruptcy, ending the largest public filing in U.S. history and launching the city into a turnaround that will require discipline after years of ... (Fri, 07 Nov 2014 11:11:06 -0800)

Stockton Pensions Dodge Bankruptcy Bullet, But Future Retirees Beware
By Ellie Ismailidou (Fri, 07 Nov 2014 13:12:39 -0800)

Instant View: Judge confirms Detroit plan to exit bankruptcy
(Reuters) - Detroit's nearly 16-month odyssey through bankruptcy reached the finish line on Friday, when a federal judge ruled that the city's plan for shedding debt and investing in its future is both feasible and fair. GRAPHIC: Economy:  http://link.reuters.com/rep72w Demographics:  http://link.reuters.com/tep72w KEY POINTS: * The ruling by Judge Steven Rhodes, who is overseeing the ... (Fri, 07 Nov 2014 14:08:17 -0800)

Detroit wins court approval for plan to exit bankruptcy
By Lisa Lambert DETROIT (Reuters) - Detroit won U.S. Bankruptcy Court approval on Friday for a road map to end its fiscal free fall and revitalize a city sinking under a huge debt load and dysfunctional government. Judge Steven Rhodes confirmed the city's plan to shed about $7 billion of its $18 billion of debt and obligations and plow $1.7 billion into improvements, finding it both fair to ... (Fri, 07 Nov 2014 15:06:42 -0800)

US judge approves Detroit's bankruptcy exit plan
A federal judge on Friday approved Detroit's plan to exit the largest municipal bankruptcy in US history, restructuring its $18 billion debt. Judge Steven Rhodes ruled that the plan meets the legal requirement under Detroit's Chapter 9 bankruptcy to help the city of Detroit and the state of Michigan, giving the "Motor City" a fresh start on the road to recovery. "This is an historic day not just ... (Fri, 07 Nov 2014 15:13:52 -0800)

With court's approval, Detroit bankruptcy is over
The nation’s largest municipal bankruptcy ended Friday, throwing Detroit a life line as it seeks to recover from an ocean of debt and mismanagement that threatened to drown the onetime symbol of U.S. industrial might. (Fri, 07 Nov 2014 16:44:35 -0800)

Judge approves bankruptcy exit plan for Detroit
DETROIT (AP) — A judge cleared Detroit to emerge from bankruptcy Friday, approving a hard-fought turnaround plan with a fervent plea to the people of this one-time industrial powerhouse to "move past your anger" and help fix the Motor City. (Fri, 07 Nov 2014 20:06:04 -0800)

Wiley Rein Will Shed Its Bankruptcy Practice: Business of Law
Wiley Rein LLP is losing its bankruptcy practice. The Washington firm, best known for its telecommunications work, announced last week that the eight- person group would be leaving. (Sun, 09 Nov 2014 21:41:03 -0800)

KiOR files for bankruptcy, but not Miss. unit
Biofuel maker KiOR Inc. has filed for bankruptcy, although its Mississippi subsidiary has not, preserving the chance that its Columbus plant could be sold quickly. The company, based in Pasadena, Texas, ... (Mon, 10 Nov 2014 07:01:09 -0800)

UPDATE 2-Dendreon files for bankruptcy as cancer vaccine disappoints
Dendreon Corp filed for Chapter 11 bankruptcy protection after sales of the world's first cancer vaccine fell short of expectations and left the company deep in debt. Seattle-based Dendreon said it had agreed terms of a financial restructuring with certain bond holders that may involve a standalone recapitalization or the sale of the company or its assets. (Mon, 10 Nov 2014 09:42:01 -0800)

Dendreon files for bankruptcy as cancer vaccine disappoints
By Natalie Grover (Reuters) - Dendreon Corp filed for Chapter 11 bankruptcy protection after sales of the world's first cancer vaccine fell short of expectations and left the company deep in debt. More than two-thirds of the company's market value was wiped out in early trading on Monday. Seattle-based Dendreon said it had agreed terms of a financial restructuring with certain bond holders that ... (Mon, 10 Nov 2014 09:48:02 -0800)

Dendreon files for Ch. 11 bankruptcy protection
Prostate cancer drug developer Dendreon is seeking Chapter 11 bankruptcy protection with a plan that leads to either a sale of the company or a takeover by its lenders. The Seattle company listed more ... (Mon, 10 Nov 2014 10:31:54 -0800)

Judge to set start date soon for Detroit bankruptcy exit measures
By Lisa Lambert (Reuters) - The judge who confirmed Detroit's plan to exit the biggest municipal bankruptcy in history could set a date later this week for the cost- and debt-cutting measures to take effect. Federal Bankruptcy Judge Steven Rhodes on Friday ruled the plan for cutting $7 billion in debt was fair to creditors and feasible for the city to implement. Now he must set that plan in ... (Mon, 10 Nov 2014 14:15:38 -0800)

NH heating oil biz files for bankruptcy protection
A New Hampshire home heating oil company that faced customer delivery delays and a lawsuit earlier this year has filed for bankruptcy protection. Hudson-based Fred Fuller Oil & Propane Co., Inc., filed ... (Tue, 11 Nov 2014 08:54:48 -0800)

Shared card leads to collection mess after a bankruptcy
When Dad declared bankruptcy, the debt collectors shifted their attention to his daughter to collect a $3,600 balance on the credit card they shared (Wed, 12 Nov 2014 05:00:00 -0800)

Detroit can start bankruptcy exit
Detroit has received a go-ahead from a federal judge to start implementing its bankruptcy exit plan. (Wed, 12 Nov 2014 07:33:59 -0800)

U.S. judge: Detroit needs to put bankruptcy plan in motion
The federal judge who approved Detroit's plan for exiting the biggest-ever U.S. Bankruptcy Judge Steven Rhodes said at a hearing. Rhodes on Friday ruled Detroit's plan for cutting $7 billion of its $18 billion of debt was fair to creditors and feasible for the city to carry out. At the same time, the city has raised questions about the fees charged by its lawyers and outside consultants during ... (Wed, 12 Nov 2014 07:40:37 -0800)

Detroit needs to put bankruptcy plan in motion: judge
DETROIT (Reuters) - The federal judge who approved Detroit's plan for exiting the biggest-ever U.S. municipal bankruptcy gave the city on Wednesday the go-ahead for putting the plan in motion. "The city needs to begin implementing this plan immediately," U.S. Bankruptcy Judge Steven Rhodes said at a hearing. Rhodes waived a 14-day automatic stay on the plan, but did not decide the official date ... (Wed, 12 Nov 2014 07:42:34 -0800)

Exiting Bankruptcy: The role of the Detroit Financial Review Commission
The board created to oversee Detroit's finances held its first post-bankruptcy session Wednesday morning. (Wed, 12 Nov 2014 09:55:27 -0800)

Woman faces bankruptcy after being taken to wrong hospital
Brooks Hays MADISON, Wis., Nov. 12 (UPI) -- A Wisconsin woman is now facing bankruptcy after spending ten days at a hospital that's not in her insurance network. (Wed, 12 Nov 2014 15:54:03 -0800)

OW Bunker Files U.S. Bankruptcy Days After Fraud Report
U.S. units of OW Bunker A/S, the Danish shipping-fuel supplier that filed for bankruptcy after reporting a $125 million fraud at its Singapore unit, sought creditor protection in Connecticut. (Thu, 13 Nov 2014 15:27:38 -0800)

Day after closing, Paseo files for bankruptcy
Records filed in federal court indicate the popular Seattle sandwich-maker owed more than $30,000 to creditors and potentially faced unknown tax debts stemming from a pending civil suit filed by four ex-workers. (Thu, 13 Nov 2014 20:41:48 -0800)

Bankruptcy fight over for Wikeley
The co-founder of Rainbow's End theme park has finally been declared bankrupt.It comes more than a year after bankruptcy notices were served against Ken Wikeley over a US$875,000 ($1.1 million) debt he owed a trust connected to... (Fri, 14 Nov 2014 08:26:14 -0800)

Creditor appeals California city's bankruptcy plan
A major investment firm has challenged a court-approved bankruptcy plan for the California city of Stockton, possibly jeopardizing resolution of one of the country's biggest city bankruptcies stemming ... (Fri, 14 Nov 2014 13:36:34 -0800)

Creditor appeals California city's bankruptcy plan
SACRAMENTO, Calif. (AP) — A major investment firm has challenged a court-approved bankruptcy plan for the California city of Stockton, possibly jeopardizing resolution of one of the country's biggest city bankruptcies stemming from the 2008 housing bust. (Fri, 14 Nov 2014 13:36:34 -0800)

OW Bunker’s U.S. Units to Consider Bankruptcy Asset Sale
U.S. units of OW Bunker A/S, the bankrupt Danish shipping-fuel supplier that ceased operations this month after reporting $275 million in trading losses and fraud, may sell all their assets to repay creditors. (Fri, 14 Nov 2014 13:38:33 -0800)

Franklin Appeals Stockton’s Bankruptcy Plan Approval
Funds affiliated with Franklin Resources Inc. (BEN) , the last major holdout creditors in Stockton California’s bankruptcy, appealed a judge’s decision to approve the city’s debt-cutting plan. (Fri, 14 Nov 2014 14:18:06 -0800)

Holdout creditor files appeal to Stockton, Calif., exit from bankruptcy
The holdout creditor in the bankruptcy case of Stockton, California, has filed an appeal this week to a judge's ruling that allowed the city to exit Chapter 9 protection. Franklin Templeton Investments is appealing the court's decision in which it ruled in October to give Franklin more than $4 million from an original debt of roughly $36 million. (Fri, 14 Nov 2014 16:07:55 -0800)

Washington-area bankruptcy filings for Nov. 17
These firms recently filed with the U.S. Bankruptcy Court?s local court clerk?s offices. (Sun, 16 Nov 2014 09:17:43 -0800)

Fitch: Indiana Toll Road Bankruptcy Not Due to PPP Structure
The bankruptcy of the Indiana Toll Road won't remove the long-term value from the project nor diminish the importance of public-private partnerships to US project finance, Fitch Ratings says. (Mon, 17 Nov 2014 06:39:00 -0800)

Bankruptcy delays foreclosure in Old Snowmass
A bankruptcy filing by the owners of the home a 50 N. River Road in Old Snowmass has resulted in the postponement of a foreclosure auction. (Mon, 17 Nov 2014 06:56:03 -0800)

Blank Rome Adds Veteran Bankruptcy Attorney in New York
Blank Rome LLP is pleased to announce that Rick Antonoff joined the Firm as a Partner in the Finance, Restructuring, and Bankruptcy group. Mr. Antonoff brings nearly 25 years of bankruptcy law experience to the Firm, with added emphasis on cross-border cases and insolvency issues arising in structured finance, securitization, and derivatives. (Mon, 17 Nov 2014 08:07:00 -0800)

Ex-Billionaire Wyly Bankruptcy Pits Church Against State
Former billionaire Samuel Wyly’s Dallas church is taking on the might of the U.S. government for a scrap of the businessman’s remaining fortune. (Mon, 17 Nov 2014 09:16:30 -0800)

Bankruptcy: Trump Taj Mahal Sees Dec. 12 Closing; Creditor Panel Pushes Own Plan
Trump Entertainment Resorts said it expects to close down the Trump Taj Mahal resort/casino in Atlantic City, N.J., by Dec. 12, according to an amended disclosure statement filed in the bankruptcy court overseeing the company’s Chapter 11 case. (Mon, 17 Nov 2014 10:04:59 -0800)

Bankruptcy judge in GM case to retire, remain on recall status
By Nick Brown NEW YORK (Reuters) - The New York bankruptcy judge overseeing part of the fallout from General Motors Co's problems with faulty ignition switches will retire from the bench, but remain active in so-called recall status for at least a year, his court announced. Judge Robert Gerber will assume recall status on Jan. 1, the U.S. Bankruptcy Court for the Southern District of New York ... (Mon, 17 Nov 2014 12:09:31 -0800)

Oswalt Law Group Discusses Arizona Bankruptcy and Cash Allowances
Arizona bankruptcy allows only a very limited amount of funds for debtors seeking protection under the bankruptcy code. Every state has its own set of exemption laws and under Arizona exemption laws, individual ... (Mon, 17 Nov 2014 14:26:47 -0800)

White Way Sign files for bankruptcy protection
White Way Sign, a century-old company behind some of the most historic signs in Chicago, has filed for Chapter 11 bankruptcy protection. (Mon, 17 Nov 2014 15:07:16 -0800)

UK bankruptcy of developer Ray Grehan extended to 2021
Failure to disclose assets and transfers sees UK bankruptcy trustee issue seven-year restriction (Mon, 17 Nov 2014 22:05:57 -0800)

Ray Grehan agrees to UK bankruptcy restriction order until 2021
Failure to disclose assets and transfers sees UK bankruptcy trustee issue seven-year restriction (Tue, 18 Nov 2014 00:20:57 -0800)

Take Charge America Dispels Seven Common Myths About Consumer Bankruptcy
Bankruptcy may seem like the perfect cure-all for consumers buckling under heavy debt, but many people don’t really understand the process or the repercussions. With so many myths (Tue, 18 Nov 2014 08:15:00 -0800)

U.S. judge overseeing San Bernardino bankruptcy sets deadline for city plan
By Robin Respaut (Reuters) - More than two years after San Bernardino filed for bankruptcy, a judge on Tuesday set a deadline for the California city to propose a plan to manage its Chapter 9 protection. U.S. Federal Bankruptcy Judge Meredith Jury said she was surprised to see how the case had progressed and hoped "the city has a game plan." Jury set a May 30 deadline for the city to submit a ... (Tue, 18 Nov 2014 16:27:07 -0800)

San Bernardino Won’t Challenge Calpers in Bankruptcy
San Bernardino said it won’t try to reduce its obligations to the California Public Employees’ Retirement System, despite a recent ruling opening the powerful pension fund to such challenges in bankruptcy court. (Tue, 18 Nov 2014 18:07:17 -0800)

Calpers to Go Unchallenged in San Bernardino Bankruptcy
A lawyer for the town revealed its decision yesterday, less than seven weeks after the judge in Stockton, California’s municipal bankruptcy made it easier to impose cuts on Calpers, the biggest public worker pension in the U.S. (Tue, 18 Nov 2014 22:34:35 -0800)

HOA dues still due after bankruptcy filing?
Dear Bankruptcy Adviser, I filed bankruptcy in 2009. I have a condo with monthly homeowners association, or HOA, dues. The lender has still not foreclosed on the condo. I have not set foot on the property for more than three years. (Wed, 19 Nov 2014 03:59:57 -0800)

Trump Casino Bankruptcy Judge Asks If Time to Liquidate
Trump Entertainment Resorts Inc. is losing money, its assets are deteriorating, and the Atlantic City, New Jersey, casino-owner’s prospects of turning things around are bleak. Why shouldn’t it just be liquidated, asked the judge overseeing its bankruptcy. (Wed, 19 Nov 2014 18:08:39 -0800)

Jack Johnson files for bankruptcy thanks to parents’ loans against contract
Aaron Portzline of the Columbus Dispatch reported on Thursday that Johnson filed for bankruptcy on Oct. 7, claiming assets of less than $50,000 and debts of more than $10 million. Sources tell Portzline that his debts could be closer to $15 million. (Thu, 20 Nov 2014 07:43:46 -0800)

NHL's Jack Johnson files for bankruptcy
The Columbus Blue Jackets player filed for bankruptcy due to his parents mishandling his assets for four years. (Thu, 20 Nov 2014 09:48:44 -0800)

Blue Jackets' Jack Johnson files for bankruptcy
COLUMBUS, Ohio (AP) -- Columbus Blue Jackets defenseman Jack Johnson has filed for bankruptcy while earning millions under a $30.5 million contract in his ninth NHL season. (Thu, 20 Nov 2014 14:11:22 -0800)

TV streaming service Aereo files for bankruptcy
(Reuters) - Television streaming service Aereo Inc filed for bankruptcy protection after a U.S. Supreme Court ruled in June that the company's business model violated copyright laws. Aereo, in which Barry ... (Fri, 21 Nov 2014 04:24:08 -0800)

Streaming TV site Aereo files for bankruptcy, will reorganize
Aereo filed for voluntary bankruptcy on Thursday, a move that the company says will allow it to "maximize the value of its business and assets" without being dragged down by ongoing lawsuits ... (Fri, 21 Nov 2014 05:18:58 -0800)

Aereo files for bankruptcy
By Tanya Agrawal and Jonathan Stempel NEW YORK (Reuters) - Aereo Inc, the video streaming company backed by media mogul Barry Diller, has filed for bankruptcy protection. The Chapter 11 filing on Thursday night came five months after the U.S. Supreme Court said Aereo violated broadcasters' copyrights by capturing live and recorded programs on miniature antennas and transmitted them to paying ... (Fri, 21 Nov 2014 06:42:08 -0800)

Streaming service Aereo files for bankruptcy
Frances Burns BOSTON, Nov. 21 (UPI) -- Streaming service Aereo filed for bankruptcy Friday, following a U.S. Supreme Court decision that it was violating copyright on network TV shows. (Fri, 21 Nov 2014 10:47:57 -0800)

Aereo Files for Bankruptcy and (Almost) Declares Defeat
Aereo filed for Chapter 11 bankruptcy protection, yet still says it sees a potential path to profitability (Fri, 21 Nov 2014 10:56:59 -0800)

Hockey Player With Multi-Million-Dollar Contract Files for Bankruptcy
Columbus Blue Jackets defenseman Jack Johnson filed for bankruptcy, despite making $18 million in his nine-year NHL career. (Fri, 21 Nov 2014 12:00:33 -0800)

Aereo Files for Bankruptcy and (Almost) Declares Defeat
Aereo filed for Chapter 11 bankruptcy protection, yet still says it sees a potential path to profitability (Fri, 21 Nov 2014 12:41:36 -0800)

Bankruptcy dismissed in Westport development suit
A federal bankruptcy court judge dismissed a Chapter 11 case related to developer Patrick Turner's ambitious waterfront development in South Baltimore, clearing the way for a foreclosure on the property. (Fri, 21 Nov 2014 17:50:26 -0800)

Bankruptcy filing not the end for streaming service Aereo
Aereo filed for bankruptcy on Friday — but that doesn’t mean its assets are worthless. The Supreme Court doomed the online video streaming service in June for violating broadcasters’ rights... (Fri, 21 Nov 2014 22:12:40 -0800)

Video streaming service Aereo files for bankruptcy
By Tanya Agrawal and Jonathan Stempel NEW YORK (Reuters) - Aereo Inc, the online video streaming company backed by media mogul Barry Diller, has filed for bankruptcy protection. The Chapter 11 filing on ... (Sat, 22 Nov 2014 19:31:51 -0800)

Detroit bankruptcy fee examiner: A role Chicago lawyer couldn't pass up
Claire Bushey - An army of lawyers, auditors and consultants has swarmed Detroit for 16 months, generating paperwork and arguments and billing more than $140 million in negotiating the largest municipal bankruptcy in U.S. history. Now they want to get paid. The man playing a key role in determining just how much many of them will receive is Robert Fishman, partner at Shaw Fishman Glantz & Towbin ... (Sun, 23 Nov 2014 05:20:24 -0800)

Questions, Answers About Detroit's Bankruptcy
Q&A: Detroit's bankruptcy plan is set but a flight to solvency hasn't left the runway yet (Sun, 23 Nov 2014 22:39:16 -0800)

Aereo Files for Bankruptcy and (Almost) Declares Defeat
Aereo filed for Chapter 11 bankruptcy protection, yet still says it sees a potential path to profitability (Mon, 24 Nov 2014 01:42:33 -0800)

Court confirms reorg plan for LDK subsidiaries
LDK Solar said Monday that a U.S. bankruptcy court has confirmed the reorganization plan for three of its subsidiaries. Judge Peter J. Walsh of the U.S. Bankruptcy Court for the District of Delaware confirmed ... (Mon, 24 Nov 2014 05:12:20 -0800)

Questions, answers about Detroit's bankruptcy
The city of Detroit said Monday it needs more time to wrap up critical deals with creditors before it will be ready to officially emerge from bankruptcy. A judge had signed off on Detroit's reorganization ... (Mon, 24 Nov 2014 08:52:43 -0800)

Questions, answers about Detroit's bankruptcy
DETROIT (AP) — The city of Detroit said Monday it needs more time to wrap up critical deals with creditors before it will be ready to officially emerge from bankruptcy. (Mon, 24 Nov 2014 08:52:45 -0800)

CEO who led American Airlines through bankruptcy reorganization joins Wal-Mart board
The executive who led American Airlines successfully through bankruptcy reorganization but did not remain long after a huge merger with another carrier has joined the board of Wal-Mart. (Mon, 24 Nov 2014 09:43:19 -0800)

Detroit eyes bankruptcy exit in second week of December: attorney
DETROIT (Reuters) - Detroit is eying a date between Dec. 8 and 10 for its debt adjustment plan to take effect, allowing the city to exit the biggest-ever municipal bankruptcy, an attorney said on Monday. Heather Lennox, Detroit's attorney with law firm Jones Day, told U.S. Bankruptcy Court Judge Steven Rhodes that the city expects to complete a budget that incorporates the plan during the first ... (Mon, 24 Nov 2014 10:51:07 -0800)

Blue Chip's Bryers wants bankruptcy lifted
The founder of failed property investment group Blue Chip wants to have his bankruptcy lifted and has gone to court seeking a discharge. (Tue, 25 Nov 2014 07:02:48 -0800)

Bankruptcy wrangling for ex-Trump, Revel casinos
Some of the hottest action in Atlantic City involves closed casinos in bankruptcy court, where Donald Trump is trying to recoup rent he paid on a driveway leading to the former Trump Plaza casino, and ... (Tue, 25 Nov 2014 09:33:30 -0800)

Parliament House seeks bankruptcy cure with plan to shed debt
Parliament House, a 40-year-old gay resort in West Orlando, is floating a plan to emerge from bankruptcy by shedding about $14M in debt guarantees associated with a timeshare expansion that happened just before the Great Recession. (Tue, 25 Nov 2014 11:39:30 -0800)

Bitcoin exchange Kraken to help in Mt. Gox bankruptcy
By Teppei Kasai TOKYO (Reuters) - U.S. bitcoin exchange operator Payward Inc said on Wednesday it will work on retrieving some millions of dollars lost by Tokyo-based Mt. Gox, once the world's largest bitcoin exchange before it collapsed in bankruptcy this year. Kraken, Payward's bitcoin exchange, will assist Mt. Gox's Tokyo-court appointed trustee Nobuaki Kobayashi with investigating where the ... (Wed, 26 Nov 2014 01:54:29 -0800)

Taj Mahal casino seeks new bankruptcy financing
The Trump Taj Mahal casino expects to run out of cash by mid-January and is seeking new financing to get it through bankruptcy. Trump Entertainment Resorts asked a Delaware bankruptcy court Wednesday to ... (Wed, 26 Nov 2014 11:06:42 -0800)

Timbercorp liquidators seek to remove Andrew Wily as bankruptcy trustee for Peter Holt
Timbercorp’s liquidators have applied to the court to remove Sydney insolvency specialist Andrew Wily as bankruptcy trustee of banned financial adviser Peter Holt. It is the latest twist in the already-complex saga of Timbercorp, post-collapse. (Thu, 27 Nov 2014 05:19:32 -0800)

Timbercorp liquidators seek to remove Andrew Wily as bankruptcy trustee for Peter Holt
Timbercorp’s liquidators have applied to the court to remove Sydney insolvency specialist Andrew Wily as bankruptcy trustee of banned financial adviser Peter Holt. It is the latest twist in the already-complex saga of Timbercorp, post-collapse. (Thu, 27 Nov 2014 15:39:42 -0800)

Area bankruptcy lawyer gets 3-year license suspension
An area lawyer under investigation in U.S. Bankruptcy Court, where a judge called him a'sociopath,' has been suspended for three years over the improper handling of clients' money. (Fri, 28 Nov 2014 04:50:51 -0800)

Inheritance spent, bankruptcy looming
She inherited $36,000, but instead of paying her credit card debt, she spent it. During bankruptcy, does she have to reveal where the money went? (Fri, 28 Nov 2014 05:00:00 -0800)

How American Has Traveled From Bankruptcy To Record Profits
How has American traveled from bankruptcy to record breaking profits so fast? Apart from the strong demand for air travel and lower fuel prices that have helped all airlines in 2014, there are a few other factors that have driven American from bankruptcy to profits. These include American?s gains from an expanded flight network, smooth integration of US Airways, and cost cutting undertaken by ... (Fri, 28 Nov 2014 05:49:00 -0800)

Milwaukee Bankruptcy Lawyer Presents on Issues Regarding Divorce and Bankruptcy at a National Business Institute Seminar
Wisconsin bankruptcy and consumer law attorney Rollie R. Hanson presented at Continuing Legal Education (CLE) training seminar regarding the issues surrounding divorce and bankruptcy. (PRWeb November 28, 2014) Read the full story at http://www.prweb.com/releases/mi (Fri, 28 Nov 2014 15:11:35 -0800)

Queens Bankruptcy Attorney Bruce Feinstein, Esq. Discusses Important Changes to Bankruptcy Forms
Mr. Feinstein, a bankruptcy attorney in Queens, speaks about changes to forms used when filing for bankruptcy, including the means test and filing fees. (PRWeb November 29, 2014) Read the full story at http://www.prweb.com/releases/20 (Sat, 29 Nov 2014 06:11:26 -0800)

Stockton: Bankruptcy exit should move ahead
City leaders in Stockton, Calif., are urging a federal judge to let the city exit bankruptcy with a court-approved reorganization plan, despite an appeal of that proposal filed by mutual-fund giant Franklin Templeton Investments. (Sat, 29 Nov 2014 06:31:42 -0800)

Washington-area bankruptcy filings for Dec. 1
These firms recently filed with the U.S. Bankruptcy Court?s local court clerk?s offices. (Sun, 30 Nov 2014 09:27:17 -0800)


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