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Home > Bankruptcy News

Bankruptcy News Feb 2015

Washington-area bankruptcy filings for Feb. 2
These firms recently filed with the U.S. Bankruptcy Court?s local court clerks? offices. (Sun, 01 Feb 2015 10:59:35 -0800)

Washington-area bankruptcy filings for Feb. 2
These firms recently filed with the U.S. Bankruptcy Court?s local court clerks? offices. (Sun, 01 Feb 2015 10:59:35 -0800)

Should Colleges Have an Easier Time Declaring Bankruptcy?
A recent op-ed proposed lowering the barriers to bankruptcy for colleges and universities. But what about for student loan borrowers? (Mon, 02 Feb 2015 06:00:11 -0800)

U.S. Bankruptcy Judge Donald H. Steckroth to Join Cole Schotz
Cole Schotz P.C. announces today that retiring U.S. Bankruptcy Judge Donald H. Steckroth is joining the firm as member, effective March 1. Judge Steckroth, who retired as U.S. Bank (Mon, 02 Feb 2015 07:00:00 -0800)

Caesars backs independent bankruptcy examiner to probe transfers
Caesars Entertainment Corp supports demands by creditors for an independent examiner to review recent deals by the casino company's bankrupt operating unit, it said in court documents. A Monday hearing was postponed due to snow in Chicago, where the Chapter 11 bankruptcy was filed last month. Caesars' operating unit plans to cut its debt to $8.6 billion from $18.4 billion. Creditors led by the ... (Mon, 02 Feb 2015 07:20:48 -0800)

Sonde Resources Corp. Files for Bankruptcy
Sonde Resources Corp. announced today that it has filed a voluntary assignment in bankruptcy pursuant to the provisions of the Bankruptcy and Insolvency Act . In conjunction with this filing, FTI Consulting ... (Mon, 02 Feb 2015 13:29:23 -0800)

RadioShack Bankruptcy: 3 Stocks to Benefit from Store Closings - Stocks in the News
Inside the impending bankruptcy for RadioShack and three other companies at the heart of the story. (Mon, 02 Feb 2015 16:13:12 -0800)

GE Capital Aviation is Skymark Airlines' top bankruptcy creditor
The top bankruptcy creditors for Japan's Skymark Airlines Inc are international leasing companies, including an Irish unit of General Electric Co , according to the carrier's reconstruction filing. GE ... (Mon, 02 Feb 2015 20:37:42 -0800)

Bankruptcy filings down
Bankruptcy filings in Toledo were down 10 percent in January from the same month last year. (Mon, 02 Feb 2015 21:08:50 -0800)

Japan's Skymark Airlines seeks 'business sponsor' in bankruptcy
Japan's Skymark Airlines Inc is looking for a "business sponsor" to help it emerge from bankruptcy, a move that could eventually give control of the fiercely independent budget carrier to its ... (Mon, 02 Feb 2015 22:14:26 -0800)

I Have $23K of Credit Card Debt. Is Bankruptcy My Best Option?
After a period of unemployment, a consumer is behind on credit card bills and making less money than before. Is bankruptcy the answer? (Tue, 03 Feb 2015 04:30:09 -0800)

How to unfreeze bank account after bankruptcy
Dear Bankruptcy Adviser, How do I get my bank account unfrozen after filing Chapter 7 bankruptcy? -- Allison Dear Allison, I can always tell when a question comes from someone who filed his or her own bankruptcy case. (Tue, 03 Feb 2015 04:30:20 -0800)

Apparel retailer Cache files for bankruptcy
Cache Inc has become the fifth U.S. apparel retailer to file for bankruptcy in three months as the sector struggles with growing competition and lower spending by teen shoppers. Cache is seeking a "stalking horse" bidder for its assets and it has received commitment for debtor-in-possession financing of up to $22 million from Salus Capital Partners LLC, the retailer said on Wednesday. (Wed, 04 Feb 2015 03:54:42 -0800)

Women's clothing retailer Cache files for bankruptcy
Women's clothing retailer Cache has filed for Chapter 11 bankruptcy protection after running out of time and money to complete a turnaround. The New York company said Wednesday that it will keep running ... (Wed, 04 Feb 2015 05:20:52 -0800)

Women's clothing retailer Cache seeks bankruptcy protection
Women's clothing retailer Cache has filed for Chapter 11 bankruptcy protection after running out of time and money to complete a turnaround. (Wed, 04 Feb 2015 07:24:14 -0800)

Caesars CEO Loveman stepping down in wake of bankruptcy
Caesars Entertainment Corp. Chairman Gary Loveman will step down from the company’s chief executive role on June 30 and will be replaced by the former chairman CEO of Hertz Global Holdings, the casino giant announced Wednesday. (Wed, 04 Feb 2015 15:08:36 -0800)

RadioShack Set to File for Bankruptcy Thursday
As part of the deal being completed, RadioShack would sell leases on as many as 2,000 stores to Sprint Corp. and Standard General, its largest shareholder, according to the people, who asked not to be identified because the talks are private. RadioShack traces its roots to 1921, when it began as a mail-order retailer for amateur ham-radio operators and maritime communications officers in Boston ... (Wed, 04 Feb 2015 17:34:08 -0800)

RadioShack Said to Plan Filing for Bankruptcy Within Hours
© Spencer Platt/Getty Images People walk by a Radio Shack store on July 23, 2013 in New York City. Radio Shack, the electronics retailer, reported on Tuesday a wider second-quarter loss and has named a new interim financial chief. (Thu, 05 Feb 2015 05:35:41 -0800)

Stockton bankruptcy judge calls California pension fund a 'bully'
The judge overseeing the city of Stockton's bankruptcy case in California described the country's largest pension fund as a "bully" yielding an "iron fist," in a written ruling that reiterated his oral confirmation of the city's plan to exit Chapter 9. U.S. Federal Bankruptcy Judge Christopher Klein's ruling again staked out ground for bankrupt municipalities to alter their workers' pensions, a ... (Thu, 05 Feb 2015 13:18:43 -0800)

RadioShack files for Ch. 11 bankruptcy protection
Struggling electronics retailer RadioShack has filed for Chapter 11 bankruptcy protection and says it will sell up to 2,400 stores. The Fort Worth, Texas company has suffered from years of losses. RadioShack ... (Thu, 05 Feb 2015 14:25:34 -0800)

RadioShack declares bankruptcy
Nearly a century after it opened its first store and sent out its first catalog, RadioShack ( RSHC ) declared bankruptcy on Thursday. (Thu, 05 Feb 2015 14:31:28 -0800)

RadioShack files for Chapter 11 bankruptcy protection
Electronics retailer RadioShack Corp filed for Chapter 11 bankruptcy protection and said shareholder Standard General LP would buy 1,500 to 2,400 of its stores. RadioShack listed assets of $1.2 billion and liabilities of $1.39 billion in its bankruptcy petition in a Delaware court. The company warned in September that it could file for bankruptcy protection if talks with lenders and stakeholders ... (Thu, 05 Feb 2015 14:47:35 -0800)

RadioShack files for bankruptcy, sell up to 2,400 stores
Electronics retailer RadioShack Corp filed for U.S. bankruptcy protection on Thursday and said it had a deal in place to sell as many as 2,400 stores to an affiliate of hedge fund Standard General, its lender and largest shareholder. Wireless company Sprint Corp would operate as many as 1,750 of those stores under an agreement with Standard General, Sprint said separately. RadioShack's ... (Thu, 05 Feb 2015 15:36:34 -0800)

RadioShack Files for Bankruptcy Protection
Standard General has a deal with wireless carrier Sprint to set up stores-within-stores at as many as 1,750 locations. The rest will be shuttered under a deal with a liquidator, Hilco Merchant Resources. “These steps are the culmination of a thorough process intended to drive maximum value for our stakeholders,” Chief Executive Officer Joe Magnacca said in a statement Thursday. The Sprint deal ... (Thu, 05 Feb 2015 16:08:05 -0800)

RadioShack pulls the plug and files for bankruptcy
After struggling for years as electronics shoppers shifted online, RadioShack filed for bankruptcy on Thursday, marking an ignominious end for the 94-year-old retailer that had sold the first mass-market computer. (Thu, 05 Feb 2015 16:35:06 -0800)

RadioShack files for bankruptcy; Sprint to take over some stores
Electronics retailer RadioShack Corp filed for U.S. bankruptcy protection on Thursday and said it had a deal in place to sell as many as 2,400 stores to an affiliate of hedge fund Standard General, its lender and largest shareholder. Wireless company Sprint Corp would operate as many as 1,750 of those stores under an agreement with Standard General, Sprint said separately. RadioShack's ... (Thu, 05 Feb 2015 18:20:28 -0800)

Staples and RadioShack deliver big hit to jobs
RadioShack's bankruptcy will put thousands of workers out of work, but Staples' plan to buy rival Office Depot could cost even more jobs. (Fri, 06 Feb 2015 11:16:50 -0800)

Washington-area bankruptcy filings for Feb. 9
These firms recently filed with the U.S. Bankruptcy Court?s local court clerks? offices. (Fri, 06 Feb 2015 14:35:48 -0800)

Revel casino sale could be at risk after appeals ruling
The bankruptcy sale of the shuttered Revel Hotel Casino in Atlantic City, New Jersey, could be threatened by a ruling from a federal appeals court Friday supporting the owners of a former popular nightclub ... (Fri, 06 Feb 2015 15:56:29 -0800)

Why Bankruptcy Could Keep You Unemployed Forever
Why Bankruptcy Could Keep You Unemployed Forever (Sat, 07 Feb 2015 07:59:25 -0800)

Ask An Attorney: Answering your bankruptcy questions
Is bankruptcy the only way to stop a foreclosure? (Sun, 08 Feb 2015 02:16:41 -0800)

Report Says Casey Anthony's Money Should Be Paid to Attorney
Trustee's bankruptcy report says Casey Anthony's money should go to trustee's attorneys (Mon, 09 Feb 2015 08:51:32 -0800)

RadioShack gets court approval for interim bankruptcy loan
Bankrupt electronics retailer RadioShack Corp got court approval on Monday to borrow $10 million to support its operations until it opens the bidding this month for its best-performing stores. RadioShack, which filed for Chapter 11 bankruptcy last week, has an initial deal to sell as many as 2,400 of its 4,100 stores to an affiliate of hedge fund Standard General, one of the lenders and its ... (Mon, 09 Feb 2015 11:03:21 -0800)

RadioShack gets court approval for interim bankruptcy loan
By Tom Hals WILMINGTON, Delaware (Reuters) - Bankrupt electronics retailer RadioShack Corp got court approval on Monday to borrow $10 million to support its operations until it opens the bidding this month for its best-performing stores. RadioShack, which filed for Chapter 11 bankruptcy last week, has an initial deal to sell as many as 2,400 of its 4,100 stores to an affiliate of hedge fund ... (Mon, 09 Feb 2015 11:14:01 -0800)

RadioShack gets court approval for interim bankruptcy loan
Bankrupt electronics retailer RadioShack Corp got court approval on Monday to borrow $10 million to support its operations until it opens the bidding this month for its best-performing stores. RadioShack, which filed for Chapter 11 bankruptcy last week, has an initial deal to sell as many as 2,400 of its 4,100 stores to an affiliate of hedge fund Standard General, one of the lenders and its ... (Mon, 09 Feb 2015 13:06:08 -0800)

Target and landlords in court battle over sale of leases
Property managers want retailer pushed into bankruptcy to speed up lease sales (Mon, 09 Feb 2015 13:44:07 -0800)

Is late Chapter 13 payment OK?
Dear Bankruptcy Adviser, My case was already confirmed, but I missed the due date on my Chapter 13 bankruptcy payment. What will happen? I am a week late. Will the case be dismissed? (Tue, 10 Feb 2015 04:50:45 -0800)

Keen-Summit Capital Partners Retained by Bankruptcy Trustee to Auction Medical Office Building Portfolio in Charlotte ...
Keen-Summit Capital Partners LLC has been retained to market a portfolio of 3 Medical Office Buildings in Charlotte, NC pursuant to a bankruptcy auction to be held on March 17, 2015. (Tue, 10 Feb 2015 11:13:00 -0800)

The Wall Street Journal: RadioShack proposes up to $3 million in bankruptcy bonuses
RadioShack seeks approval from bankruptcy court to pay up to $3 million in bonuses to key employees. (Tue, 10 Feb 2015 15:04:25 -0800)

Detroit on track for first balanced budget in 13 years -mayor
Detroit Mayor Mike Duggan said the post-bankruptcy city will record its first balanced budget since 2002 when the current fiscal year ends on June 30. "We still have to run a very tight budget every single week in order to stay on track," Duggan cautioned in his state of the city address on Tuesday. He added that while Detroit must report to a state-created financial review commission, that ... (Tue, 10 Feb 2015 18:36:28 -0800)

Life in These Batteries? What RadioShack's History Tells us About Its Survival Bid
Under bankruptcy plan roughly half of RadioShack will survive, under new ownership -- the deal also brings Sprint to the table (Tue, 10 Feb 2015 21:35:41 -0800)

Bankruptcy lawsuit centers on BottleRock 2013
SANTA ROSA — The producers of the original BottleRock festival in 2013 argued in bankruptcy court Tuesday for the return of $3 million paid to one of the festival’s early investors. (Tue, 10 Feb 2015 22:30:00 -0800)

Charges laid in bankruptcy fraud investigation
TORONTO , Feb. 11, 2015 /CNW/ - The Integrated Bankruptcy Enforcement Unit comprised of the Royal Canadian Mounted Police (RCMP) – GTA Financial Crime Section and the Ontario Region Special Investigation ... (Wed, 11 Feb 2015 06:00:00 -0800)

Ex-U.S. bankruptcy judge returns to bench after more than 15 years
James Garrity, a partner in the law firm Morgan Lewis & Bockius, is returning to the bench as a U.S. bankruptcy judge in New York after more than a 15-year absence, court officials announced on Wednesday. Garrity, who previously served as a bankruptcy judge in Manhattan from 1991 to 1999, will succeed retired U.S. Bankruptcy Judge Allan Gropper on Feb. 17, according to the 2nd U.S. Circuit Court ... (Wed, 11 Feb 2015 08:06:12 -0800)

Decision on end to Revel bid next week
U.S. Bankruptcy Judge Gloria M. Burns will not formally consider Revel AC Inc.'s bid to terminate Florida investor Glenn Straub's agreement to buy the Atlantic City casino until Tuesday. (Wed, 11 Feb 2015 10:04:22 -0800)

Arlene Farkas files for bankruptcy to save apartment
Bigamist department store heir Bruce Farkas’ estranged wife filed for bankruptcy protection early Wednesday. (Wed, 11 Feb 2015 14:35:19 -0800)

Bankrupt San Bernardino, Calif. bondholders, clash in court over pension debt
San Bernardino, now in its third year of bankruptcy, accused the bondholder and its bond insurer allies of trying to overwhelm the city with litigation and derail its efforts to produce a viable exit plan. At the same time, a major bondholder claimed it should be treated on equal terms to that of the city's biggest creditor, Calpers, California's public pension fund. The growing tension between ... (Wed, 11 Feb 2015 16:47:41 -0800)

Skymark’s $612 million airport slots represents a lifeline from bankruptcy
Skymark Airlines Inc. may have filed for bankruptcy and seen its passenger numbers dwindle. It still holds an asset worth about $612 million in annual revenue that offers a path out of bankruptcy. (Thu, 12 Feb 2015 03:41:47 -0800)

U.S. judge says $178 mln Detroit bankruptcy fee tab 'reasonable'
The federal judge who oversaw Detroit's historic bankruptcy case ruled on Thursday that the nearly $178 million charged to the city by law firms and consultants for fees and expenses was reasonable. U.S. Bankruptcy Court Judge Steven Rhodes said he based his decision mainly on the complexity of the bankruptcy case filed in July 2013 as well as substantial reductions that the firms agreed to make ... (Thu, 12 Feb 2015 12:36:10 -0800)

David Cassidy Files for Bankruptcy Protection
© Jim Spellman/WireImage David Cassidy David Cassidy filed for bankruptcy protection Wednesday. (Thu, 12 Feb 2015 15:24:28 -0800)

Judge says $178 million Detroit bankruptcy fee tab 'reasonable'
(Reuters) - The federal judge who oversaw Detroit's historic bankruptcy case ruled on Thursday that the nearly $178 million charged to the city by law firms and consultants for fees and expenses was reasonable. U.S. Bankruptcy Court Judge Steven Rhodes said he based his decision mainly on the complexity of the bankruptcy case filed in July 2013 as well as substantial reductions that the firms ... (Thu, 12 Feb 2015 15:51:06 -0800)

David Cassidy files for bankruptcy
Singer and actor David Cassidy has filed for bankruptcy, People reports. (Fri, 13 Feb 2015 08:36:15 -0800)

David Cassidy files for bankruptcy
David Cassidy has filed for bankruptcy, which he says is a "necessary" step as he embarks on a divorce from his third wife of 22 years, Sue Shifrin. (Sat, 14 Feb 2015 03:00:00 -0800)

Caesars Bankruptcy Ignites Battle Over Company
Caesars Entertainment took its biggest subsidiary into bankruptcy today, but that's hardly the end of the story for Caesars and its shareholders. (Sat, 14 Feb 2015 05:07:34 -0800)

Puerto Rico bankruptcy bill to get House hearing: sources
(Reuters) - A long-shot bill to give Puerto Rico's ailing public agencies a chance to restructure their massive debts under the section of U.S. bankruptcy law used by cities such as Detroit and Stockton, California, will get a hearing before a key congressional committee, according to two sources familiar with the matter. The House Judiciary Committee, chaired by Rep. Bob Goodlatte, a Virginia ... (Sat, 14 Feb 2015 15:43:23 -0800)

Bankruptcy judge to decide if Conneaut Lake Park insurance case can proceed
A federal bankruptcy judge this morning will consider whether a 2013 lawsuit against Conneaut Lake Park trustees should be resolved to determine who's entitled to a large insurance settlement on the park's Beach Club. (Sat, 14 Feb 2015 18:57:20 -0800)

Bankruptcy judge accepts jurisdiction for Conneaut Lake Park insurance case
What's Next U.S. Bankruptcy Court Judge Jeffery Deller will consider a motion to require Conneaut Lake Park to pay its property taxes going forward or face sheriff sale. (Sat, 14 Feb 2015 19:09:01 -0800)

Washington-area bankruptcy filings for Feb. 16
These firms recently filed with the U.S. Bankruptcy Court?s local court clerks? offices. (Sun, 15 Feb 2015 10:45:20 -0800)

EDITORIAL: CalPERS' 'Iron fist,' 'glass jaw'
The judge overseeing Stockton’s bankruptcy proceedings formally determined this month that public employee pensions can be impaired under bankruptcy proceedings. Judge Christopher Klein in Stockton first stated this in a verbal ruling in October.... (Mon, 16 Feb 2015 00:09:48 -0800)

Target Canada suppliers hit by retailer's bankruptcy filing
The end of Target's Canadian operations is having a financial impact on businesses in Minnesota that supplied the retailer. Target's Canadian division filed for bankruptcy protection last month and owes ... (Mon, 16 Feb 2015 08:48:05 -0800)

In Praise of Bankruptcy
[An MP3 audio version of this article, read by Dr. Floy Lilley, is available here.] In one word, the market approach to the financial problem is bankruptcy. Firms go bankrupt when they do not have enough revenue to pay their bills. Banks make money by borrowing from lenders at a low interest rate and lending to borrowers at a higher interest rate. If banks make bad loans and borrowers quit ... (Mon, 16 Feb 2015 09:29:51 -0800)

Bankruptcy Court Shields Caledonian Bank's U.S. Assets
Bankruptcy Court Shields Caledonian Bank's U.S. Assets (Tue, 17 Feb 2015 05:29:04 -0800)

Saladworks Initiates Chapter 11 Process to Explore Strategic Alternatives
Saladworks, LLC announced today that it filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware to address pending litigation and facilitate a sale or restructuring transaction. (Tue, 17 Feb 2015 08:15:00 -0800)

Saladworks files for bankruptcy amid lawsuits with ex-Commerce CEO
Saladworks LLC, which calls itself the largest U.S. franchised fresh salad chain, filed for bankruptcy on Tuesday to fend off litigation by Commerce Bancorp Inc founder Vernon Hill II, its minority shareholder. Hill's litigation has made it impossible for Saladworks to find a buyer, restructure or sell additional franchises, the Conshohocken, Pennsylvania-based company said in a filing with the ... (Tue, 17 Feb 2015 11:05:15 -0800)

Judge says could narrow GM's bankruptcy defense in recall cases
A judge said on Tuesday that if General Motors Co is found to have violated car owners' constitutional rights by hiding ignition-switch defects during its bankruptcy, he would consider narrowing the legal protections afforded the company under its 2009 bankruptcy sale. Judge Robert Gerber, at a hearing in U.S. Bankruptcy Court in Manhattan, provided his views for the first time on a fight ... (Tue, 17 Feb 2015 11:43:43 -0800)

U.S. Judge Hears Arguments Over GM Bankruptcy Shield
U.S. Judge Hears Arguments Over GM Bankruptcy Shield (Tue, 17 Feb 2015 15:12:03 -0800)

GM bankruptcy shield could be narrowed
Bankruptcy Judge Robert Gerber said yesterday he would consider narrowing the bankruptcy shield awarded to GM (NYSE: GM ) in 2009, should the company be found to have violated car owners' constitutional rights by hiding ignition-switch defects during its bankruptcy. (Tue, 17 Feb 2015 23:30:22 -0800)

Bankruptcy Sale of Luxury Lake and Golf Course Community located 20 minutes east of Pinehurst, North Carolina ...
NORTHBROOK, ILL. -- Hilco Real Estate announced an upcoming bankruptcy sale of the Woodlake Country Club located in Vass, North Carolina on March 26. Hilco Real Estate Auctions, LLC (a unit of Hilco Real ... (Wed, 18 Feb 2015 03:01:14 -0800)

Charges Laid in Bankruptcy Fraud Investigation
TORONTO , Feb. 18, 2015 /CNW/ - The Integrated Bankruptcy Enforcement Unit, comprised of the Royal Canadian Mounted Police (RCMP) Greater Toronto Area Financial Crime Section and the Ontario Region Special ... (Wed, 18 Feb 2015 04:00:00 -0800)

Saladworks files for bankruptcy, says stores will stay open
The restaurant chain Saladworks has filed for bankruptcy but says its customers don't have to worry. Saladworks LLC says its Chapter 11 filing Tuesday won't affect day-to-day operations at its franchised ... (Wed, 18 Feb 2015 06:59:01 -0800)

Creditors say RadioShack timed Ch. 11 for hedge fund trade: filing
A committee of the company's landlords, suppliers and bondholders asked the U.S. Bankruptcy Court in Wilmington, Delaware for subpoena power to investigate their suspicions. They want access to nonpublic information they say could confirm that RadioShack's bankruptcy was an "assisted suicide" led by its largest shareholders, the Standard General hedge fund and LiteSpeed Management. "The problem ... (Wed, 18 Feb 2015 09:14:50 -0800)

GM, Opponents Make Arguments in Bankruptcy Court Over Shield
Consumers look for exceptions to GM's bankruptcy law protection in 2-day federal hearing (Wed, 18 Feb 2015 16:30:26 -0800)

Consumers look for exceptions to GM's bankruptcy law protection in 2-day federal hearing
NEW YORK, N.Y. - A federal bankruptcy judge this week heard arguments from consumers who are suing General Motors, saying their cars dropped in value because of a defect with its ignition switches. (Wed, 18 Feb 2015 20:17:15 -0800)

Consumers seek exceptions to GM bankruptcy protections
A federal bankruptcy judge this week heard arguments from consumers who are suing General Motors, saying their cars dropped in value because of a defect with its ignition switches. (Thu, 19 Feb 2015 06:42:33 -0800)

GM names LyondellBasell lawyer as chief counsel
Glidden, 57, helped steer LyondellBasell out of bankruptcy and through restructuring. Like GM, the chemical, plastics and oil refining company went into bankruptcy in 2009. LyondellBasell emerged from bankruptcy in 2010. Glidden has been LyondellBasell's top lawyer since 2009, the same year that Millikin, 66, became GM's chief legal counsel. (Thu, 19 Feb 2015 08:56:15 -0800)

Puerto Rico asks for quick decision on bankruptcy ruling appeal
Puerto Rico's government has asked a U.S. court for a quick decision on its appeal against a federal court ruling that voided a local bankruptcy law, arguing the decision constrains its efforts to deal with a financial emergency. A federal court struck down Puerto Rico's Recovery Act earlier this month in a blow to the U.S. commonwealth's efforts to restructure up to $20 billion in debt at three ... (Fri, 20 Feb 2015 09:08:01 -0800)

Puerto Rico asks for quick decision in bankruptcy ruling appeal
Puerto Rico has asked a U.S. court for a quick decision in its appeal against a federal court ruling that voided a local bankruptcy law, arguing the decision hampers its efforts to deal with a financial emergency that could disrupt basic public services on the Caribbean island. A federal court struck down Puerto Rico's Recovery Act earlier this month in a blow to the U.S. commonwealth's efforts ... (Fri, 20 Feb 2015 09:33:46 -0800)

Everest Colleges Canada, Inc. Files for Canadian Bankruptcy Protection Following Ontario Ministry Closures
Corinthian Colleges, Inc. today announced that its indirect, wholly-owned subsidiary, Everest Colleges Canada, Inc. , a private career college corporation, has filed an assignment in bankruptcy under the Bankruptcy & Insolvency Act, R.S.C., 1985, c. (Fri, 20 Feb 2015 13:20:00 -0800)

Ivanhoe Energy seeks bankruptcy protection as oil prices weigh
Ivanhoe Energy Inc said on Friday it will seek protection under Canada's Bankruptcy and Insolvency Act, as the company becomes the latest small oil-sands developer to struggle with oil prices that have fallen by more than half since June. Ivanhoe was founded by famed mining investor Robert Friedland, who has lent the company $2.74 million since October. Ivanhoe is the latest small oil sands ... (Fri, 20 Feb 2015 13:32:59 -0800)

Everest College files for bankruptcy as other schools offer help
Everest College has filed for bankruptcy as other schools offer help to students affected by the career college chain's sudden closure. Friday, the chain's American parent company, Corinthian Colleges, said Everest College was forced to file for bankruptcy by the government's decision. "We are extremely disappointed that the Ministry has taken these abrupt actions," Corinthian chairman and CEO ... (Fri, 20 Feb 2015 16:29:50 -0800)

Embattled bankruptcy lawyer agrees to disbarment
A former area bankruptcy lawyer already suspended for three years has agreed to be disbarred. (Sat, 21 Feb 2015 18:57:29 -0800)

Will My Fiancée's Bankruptcy Hurt Me?
Can a spouse-to-be's credit history hurt yours? Here's what you need to know about marriage and credit to help boost his or her score (and protect yours). (Sun, 22 Feb 2015 04:00:12 -0800)

Washington-area bankruptcy filings for Feb. 23
These firms recently filed with the U.S. Bankruptcy Court?s local court clerks? offices. (Sun, 22 Feb 2015 11:00:39 -0800)

EDITORIAL: Bankruptcy in stalemate
One of the toughest components of San Bernardino’s bankruptcy resolution is getting the firefighters union to cooperate. Since public safety costs constitute the vast majority of the city budget, and the city’s current problem is not having... (Mon, 23 Feb 2015 00:13:37 -0800)

Anise & Anise Attorneys At Law, LLC Name Dalia F. Anise as Head of the Bankruptcy Division
Through Her Now Expanded Role at the Law Firm, Dalia Anise will Focus on Achieving the Full-Discharge Benefits of Chapter 7 Bankruptcy Filings BOCA RATON, FL / ACCESSWIRE / February 23, 2015 / Anise & ... (Mon, 23 Feb 2015 03:00:00 -0800)

Life Partners Holdings Provides Update on Bankruptcy Proceedings; Outlines Certain Risks to Shareholders and ...
Life Partners Holdings Inc. , or the “Company,” announced today that on February 12, 2015, the Official Committee of Unsecured Creditors in the Company’s bankruptcy case called a witness who has served as a receiver in several cases for the Securities and Exchange Commission , including for companies involved in the life settlement business. (Mon, 23 Feb 2015 06:30:00 -0800)

Archdiocese bankruptcy will include search for assets
To pay claims, forensic accountants will dig into the finances of the archdiocese, hunting for anything of significant value that may not have been already disclosed. (Tue, 24 Feb 2015 02:22:03 -0800)

Study: Law creates many too broke to file for bankruptcy
A decade after a federal bankruptcy reform law took effect, a new class of Americans has been created: the permanently insolvent (Tue, 24 Feb 2015 08:00:00 -0800)

Best Bankruptcy Expert Honors Awarded by 10 Best Debt
The Best Bankruptcy Expert Awards by 10 Best Debt recognize the top companies that provide legal and personal advice regarding bankruptcy. Recently, the company announced the three top firms on their list and shared why these companies made they cut. (PRWeb February 24, 2015) Read the full story at http://www.prweb.com/releases/be (Tue, 24 Feb 2015 08:10:53 -0800)

Third dry-bulk shipper files for bankruptcy this month as rates tumble
Seoul/Singapore – A third dry cargo shipper has filed for bankruptcy this month following a collapse in freight rates to historic lows in what shippers call the worst market conditions since the 1980s. South Korea's Daebo International Shipping Co Ltd filed a court receivership, a form of corporate bankruptcy, on Feb. 11, mainly due to poor dry bulk market conditions, a company official said on ... (Tue, 24 Feb 2015 10:11:22 -0800)

Stockton, Calif., to exit bankruptcy protection
The city of Stockton, Calif., will leave bankruptcy protection on Wednesday, bringing to close years of cost-cutting efforts that affected bondholders, taxpayers and its retired employees. Stockton leaders said the 300,000-resident city will leave so-called Chapter 9 protection--the type of bankruptcy procedure used by struggling municipalities--on sturdier financial ground. (Tue, 24 Feb 2015 14:14:25 -0800)

Stockton, Calif., to Exit Bankruptcy Protection on Wednesday
Stockton, Calif., to Exit Bankruptcy Protection on Wednesday (Tue, 24 Feb 2015 14:41:37 -0800)

Parliament House emerges from bankruptcy
The owner of Parliament House, a gay-themed resort on Orlando’s west side, has emerged from bankruptcy after shedding millions in debts. (Tue, 24 Feb 2015 14:58:50 -0800)

Fight over attorneys fees reaches Supreme Court
Law firm Baker Botts goes head to head with former client, a company it represented in bankruptcy, over fees (Wed, 25 Feb 2015 04:37:00 -0800)

Bankruptcy may lead to sale of Twin Cities chancery, other buildings
The St. Paul-Minneapolis archdiocese could sell its chancery building and three other properties as part of its ongoing bankruptcy process, local news outlets have reported. (Wed, 25 Feb 2015 10:40:58 -0800)

Stockton, Calif., issues checks to creditors in bankruptcy exit
(Reuters) - The California city of Stockton says it has begun paying creditors as a final step to exit bankruptcy after more than two-and-a-half years dealing with over $2 billion of debt. "We're very pleased to say the plan will go effective today," said Stockton's attorney Marc Levinson. Stockton, a city of 300,000 east of San Francisco, wrote checks to 1,100 retirees for their health benefits ... (Wed, 25 Feb 2015 11:35:02 -0800)

RadioShack Dealer Group Forms to Participate in Bankruptcy Case
A group of independent RadioShack Dealer/Franchise store owners has formed an ad hoc committee to represent the interests of the participating Dealers/Franchisees in RadioShack’s bankruptcy case. (Wed, 25 Feb 2015 15:08:00 -0800)

City of Stockton Exits Bankruptcy, Officials Outline Financial Plan
STOCKTON- The City of Stockton is officially out of bankruptcy. A federal judge approved the city’s long-term financial plan Wednesday afternoon. Out of bankruptcy means the city can now focus on refunding essential programs but new ones will have to go through some serious hoops. “The reality is, no matter how compelling an item is, […] (Wed, 25 Feb 2015 17:53:01 -0800)

TrusteSolutions and BK Global Announce a Strategic Alliance to Deliver Cloud-Based Bankruptcy Real Estate Sales ...
TrusteSolutions, a technology leader providing Web-based and mobile case management solutions to bankruptcy trustees, and BK Global, a national leader in bankruptcy and default real estate solutions, have ... (Thu, 26 Feb 2015 06:00:00 -0800)

Power utility seeks liquidation of Atlantic City's Revel casino
(Reuters) - The electricity provider for Atlantic City's Revel Casino Hotel has asked a U.S. bankruptcy court to liquidate the casino, saying the latest deal to sell the shuttered property is unfair. ACR Energy Partners - which built and operates an power plant for Revel because the casino could not raise the money itself - said a deal to sell the property to Florida developer Glenn Straub for ... (Thu, 26 Feb 2015 11:02:29 -0800)

Bankruptcy proceedings against former Port Vale Chief Executive...
BANKRUPTCY proceedings against former Port Vale chief executive Perry Deakin to recover money from unpaid shares have moved a step closer.And liquidators are also trying to track down former chairman Peter Miller.The proceedings may also see civil action taken against the Vale board of directors in place when Margit Julicher, whose husband Hank once pledged to put millions of pounds into the ... (Thu, 26 Feb 2015 13:04:14 -0800)

Future of Puerto Rico bankruptcy bill uncertain in Congress
By Elvina Nawaguna and Megan Davies WASHINGTON/NEW YORK (Reuters) - A bill to give Puerto Rico's ailing public utilities a way to restructure debt under the U.S. bankruptcy code drew skepticism from congressional Republicans but support from Democrats, who said it would relieve the island's problems. The Republican-controlled Judiciary subcommittee on regulatory reform of the House of ... (Thu, 26 Feb 2015 13:30:19 -0800)

Aereo's Assets Sold for Peanuts at Bankruptcy Auction
TiVo Inc., which makes digital video recorders, was the winning bidder for the online service’s trademark, customer list and certain other assets, Aereo said Thursday in a statement. The auction had 10 bidders, according to Aereo’s filing in bankruptcy court. (Thu, 26 Feb 2015 14:51:00 -0800)

Puerto Rico seeks protection of federal bankruptcy code
Puerto Rican officials sought Thursday to convince U.S. legislators that the island's financially struggling public corporations should be allowed to restructure their debt under the federal bankruptcy ... (Thu, 26 Feb 2015 15:31:25 -0800)

Fitch: U.S. Personal Bankruptcies Set for Fifth Straight Annual Decline
Link to Fitch Ratings' Report: Personal Bankruptcy Filings Primed for Fifth Straight Annual Decline (Fri, 27 Feb 2015 07:49:00 -0800)

Looking for credit after Chapter 7 bankruptcy
Go slow, because issuers don't want to give credit right away to someone who filed for Chapter 7 bankruptcy. Secured cards are one credit-rebuilding alternative (Sat, 28 Feb 2015 05:00:00 -0800)

El Paso Children's Hospital would need financing to pursue bankruptcy reorganization, experts say
If El Paso Children's Hospital filed for Chapter 11 bankruptcy reorganization, it would need a source of financing operations to make a reorganization plan work, and University Medical Center would have a big role in bankruptcy proceedings, bankruptcy experts said. (Sat, 28 Feb 2015 14:58:53 -0800)

Memphis Bankruptcy Lawyer Launches Practice Aid
Memphis bankruptcy lawyer David Sandy has announced the launch of Bankruptcy Base, an informational video created for lawyers to provide to clients. (PRWeb February 28, 2015) Read the full story at http://www.prweb.com/releases/20 (Sat, 28 Feb 2015 20:34:37 -0800)


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