Bankruptcy Attorney News

Buffett Said to Have Pursued ResCap Purchase Before Bankruptcy - BusinessWeek

Thu, 17 May 2012 14:46:26 -0700

Buffett Said to Have Pursued ResCap Purchase Before Bankruptcy
BusinessWeek
By Jeffrey McCracken, Dakin Campbell and Noah Buhayar on May 18, 2012 Billionaire Warren Buffett sought to buy Residential Capital from Ally Financial Inc. (ALLY) (ALLY) before the government-owned company put the home lender in bankruptcy, ...
Buffett Said to Have Sought ResCap Purchase Before BankruptcyBloomberg
Buffett tried to buy ResCap before bankruptcy: reportChicago Tribune
S&P Lifts Ally Financial Outlook After ResCap Bankruptcy FilingWall Street Journal
New York Times
all 129 news articles »

Circus & Eldorado Joint Venture Seeks Bankruptcy in Nevada - Bloomberg

Thu, 17 May 2012 18:33:03 -0700

Circus & Eldorado Joint Venture Seeks Bankruptcy in Nevada
Bloomberg
Circus & Eldorado Joint Venture, the operator of the Silver Legacy Resort Casino, filed for bankruptcy amid declining gaming revenues in Reno, Nevada. The 19th century and silver mining-themed hotel and casino, a joint venture between MGM Mirage (MGM) ...

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Dodgers owners could gain much from Bankruptcy Court settlement - Los Angeles Times

Thu, 17 May 2012 06:59:01 -0700

Los Angeles Times

Dodgers owners could gain much from Bankruptcy Court settlement
Los Angeles Times
(Al Seib / Los Angeles Times / May 2, 2012) By Bill Shaikin The Dodgers' new owners could reap hundreds of millions of dollars in benefits from the confidential terms of a US Bankruptcy Court settlement between former owner Frank McCourt and Major ...
The bankruptcy court gave the Dodgers something no other team hasNBCSports.com

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Silver Legacy Files for Bankruptcy; Will Remain Open - KTVN

Thu, 17 May 2012 17:45:33 -0700

Silver Legacy Files for Bankruptcy; Will Remain Open
KTVN
If operations are normal, why did you file for bankruptcy? Our issues relate to our long term debt and not our operations?we generate positive cash flow. We filed bankruptcy because our mortgage notes became due and payable at maturity in March 2012 ...
Reno casino in bankruptcyVEGAS INC
Silver Legacy Files for BankruptcyKOLO
Silver Legacy to file for Chapter 11 BankruptcyKRNV My News 4

all 4 news articles »

Mexican firm's bankruptcy case has cross-border impact - KETK

Thu, 17 May 2012 12:46:49 -0700

Mexican firm's bankruptcy case has cross-border impact
KETK
TEXAS ? Investors and financial analysts have their eyes on a bankruptcy case, pending in a Dallas courtroom, that they say could systematically shift how American firms do business with Mexican companies. The case also comes at a time when business ...

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InCharge Showcases Bankruptcy Courses at South Carolina Seminar - Sacramento Bee

Thu, 17 May 2012 12:14:39 -0700

InCharge Showcases Bankruptcy Courses at South Carolina Seminar
Sacramento Bee
By InCharge Debt Solutions This event will feature discussions of discovery in bankruptcies, judgments, an update from the Clerk of the Court's Office, judicial lien avoidance, and a series of roundtables and breakout sessions.

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Pinnacle Bankruptcy Bargaining Deadlines Extended, USW Advises Court of ... - Sacramento Bee

Thu, 17 May 2012 05:58:28 -0700

Pinnacle Bankruptcy Bargaining Deadlines Extended, USW Advises Court of ...
Sacramento Bee
In its presentation to the US Bankruptcy Court for the Southern District of New York, which convened today to consider Pinnacle's motion for approval of Debtor in Possession (DIP) financing and other agreements, the USW advised the court that ...
Bankruptcy court OKs $74.3M in financing for Pinnacle AirlinesMemphis Commercial Appeal
Pinnacle Airlines gets DIP approvalAirfinance Journal (subscription)

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Alabama lawmakers added a year to Jeffco bankruptcy-lawyer - Chicago Tribune

Thu, 17 May 2012 12:13:58 -0700

al.com

Alabama lawmakers added a year to Jeffco bankruptcy-lawyer
Chicago Tribune
By Melinda Dickinson BIRMINGHAM, Ala., May 17 (Reuters) - Alabama's bankrupt Jefferson County and creditors owed $4.23 billion will spend at least an extra year battling in court, the county's lead bankruptcy lawyer said, because state lawmakers killed ...
ABC 33/40 - Birmingham News, Weather, SportsJeffCo bankruptcy attorney: state ...Alabama's News Leader
Jefferson County's financial crisis costing it economic development projectsal.com (blog)
Lawmakers Say No to Jeffco TaxBond Buyer

all 39 news articles »

Fewer People Filing for Bankruptcy in Orlando Raises Hope of Improving Economy - LoanSafe

Thu, 17 May 2012 08:21:39 -0700

Fewer People Filing for Bankruptcy in Orlando Raises Hope of Improving Economy
LoanSafe
(MCT) ? After falling last year for the first time since the start of the Great Recession, the number of people declaring bankruptcy in the Orlando area has continued to decline so far in 2012, raising hopes that the pace of going broke has been ...

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Moody's Lowers GMAC Servicer Quality Ratings After ResCap Bankruptcy Filing - Wall Street Journal

Thu, 17 May 2012 15:35:12 -0700

Moody's Lowers GMAC Servicer Quality Ratings After ResCap Bankruptcy Filing
Wall Street Journal
Moody's Investors Services has downgraded GMAC Mortgage LLC's servicer quality ratings after its parent company, Residential Capital Funding LLC, filed for Chapter 11 bankruptcy earlier this week. Moody's downgraded GMAC's servicer quality rating to ...

DRAM Is Saved by Elpida's Bankruptcy, But Only Temporarily - EBN

Thu, 17 May 2012 09:08:56 -0700

Eetasia.com (subscription)

DRAM Is Saved by Elpida's Bankruptcy, But Only Temporarily
EBN
DRAM makers are a hardy bunch, but there's only so much pummeling even they can take, as evidenced by the recent bankruptcy filing of Elpida Memory Inc. IHS Corp. says the bankruptcy proceeding will give other memory makers a new lease on life, ...
Elpida bankruptcy saved the DRAM marketEetasia.com (subscription)

all 175 news articles »

The Daily Docket: Lawmakers Kill Jefferson County Rescue Bill - Wall Street Journal (blog)

Thu, 17 May 2012 07:03:17 -0700

The Daily Docket: Lawmakers Kill Jefferson County Rescue Bill
Wall Street Journal (blog)
The move would have helped the county plug holes in its general fund and ease it out of bankruptcy sooner. Read the Daily Bankruptcy Review article here. (Daily Bankruptcy Review and DBR Small Cap are daily newsletters with comprehensive coverage and ...

LightSquared, Failed Wireless Venture, Files for Bankruptcy - Bloomberg

Mon, 14 May 2012 11:05:19 -0700

Bloomberg

LightSquared, Failed Wireless Venture, Files for Bankruptcy
Bloomberg
Play Falcone's LightSquared Files for Bankruptcy LightSquared Inc. filed for bankruptcy, saying it will seek to resolve the concerns of US regulators who thwarted the company's plan to deliver high-speed wireless to as many as 260 million people.
LightSquared, Failed Wireless Venture, Files BankruptcyBusinessWeek
LightSquared Moves Toward BankruptcyWall Street Journal
LightSquared Files Bankruptcy After Wireless Network BlockedSan Francisco Chronicle
New York Times -Network World -InfoWorld
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'Octomom' bankruptcy case thrown out of court - The Associated Press

Tue, 15 May 2012 20:18:00 -0700

ABC News

'Octomom' bankruptcy case thrown out of court
The Associated Press
(AP) ? A judge threw out "Octomom" Nadya Suleman's bankruptcy claim Tuesday after she failed to file the proper paperwork to show she can't pay as much as $1 million in debt. That means creditors can move to collect what they say they're owed, ...
'Octomom' bankruptcy thrown out of courtOCRegister

all 238 news articles »

Romney Blamed for Chain Store's Bankruptcy - HispanicBusiness.com

Wed, 16 May 2012 12:11:03 -0700

CBC.ca

Romney Blamed for Chain Store's Bankruptcy
HispanicBusiness.com
President Obama's re-election campaign pressed its attack on Mitt Romney as a cold-hearted capitalist Tuesday by saying that he helped drive into bankruptcy a chain of department stores that used to be located in 26 Ohio cities, including Bowling Green ...
Obama Campaign To Screen Video Attacking Romney's RecordPatch.com
Romney campaign ad touts steel mill boosted by Bain investmentABC News

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MF Global clients bash fat fees, seek quick wind-down - Reuters

Thu, 17 May 2012 16:30:29 -0700

MF Global clients bash fat fees, seek quick wind-down
Reuters
PK) bankruptcy estate, led by former FBI director Louis Freeh, has racked up nearly $25 million in estimated fees since its November 25 appointment. Now a customer group is planning to ask that the case be streamlined so that Freeh and his team receive ...

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Dynegy Directors Sued by Investor Over Plants' Transfer - Bloomberg

Thu, 17 May 2012 15:12:58 -0700

Dynegy Directors Sued by Investor Over Plants' Transfer
Bloomberg
Dynegy Inc. (DYN)'s directors were sued by an investor claiming they wrongfully agreed to transfer power plants from a unit the company later put into bankruptcy to benefit billionaire Carl Icahn and other shareholders. Board members of Houston-based ...
Fitch: Dynegy Illustrates Ring-Fencing and Importance of CovenantsMarketWatch (press release)
Newburgh pursuing $8 million in taxes, fines owed by DynegyTimes Herald-Record

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'Octomom' Nadya Suleman's bankruptcy case thrown out - Los Angeles Times

Wed, 16 May 2012 08:16:12 -0700

ABC News

'Octomom' Nadya Suleman's bankruptcy case thrown out
Los Angeles Times
The bankruptcy case against "Octomom" Nadya Suleman has been thrown out of court after she failed to complete the necessary paperwork, records show. The mother of 14, including the octuplets that plunged her into the spotlight, did not meet Monday's ...
'Octomom' Bankruptcy Case Thrown out of CourtABC News
Octomom bankruptcy thrown out of courtWinnipeg Free Press
'Octomom' bankruptcy dismissedUPI.com

all 24 news articles »

In Contract Vote, American Airlines Workers Split Over Bankruptcy Concessions - In These Times

Thu, 17 May 2012 15:48:42 -0700

Wall Street Journal

In Contract Vote, American Airlines Workers Split Over Bankruptcy Concessions
In These Times
The vote took place against the backdrop of a bankruptcy union leaders opposed, a legal process they distrust and a potential merger they've endorsed. "We're at the mercy of the court," Tulsa machinist Joe McGill, whose unit voted against the deal, ...
AMR Merger With US Airways Inevitable, Union Expert SaysBloomberg
Judge Says AMR Can Change Nonunion Workers' ContractsWall Street Journal
AA wins court nod to cut service agent pay amid union effortTulsa World
Law360 (subscription) -Charlotte Business Journal
all 70 news articles »

LightSquared's bankruptcy is a cautionary tale - ITworld.com

Wed, 16 May 2012 17:55:44 -0700

The Economist

LightSquared's bankruptcy is a cautionary tale
ITworld.com
LightSquared filed for bankruptcy protection on Monday, declaring assets of US$4.48 billion and debts of $2.29 billion. Lengthy negotiations with its creditors failed to produce an agreement on how to handle the debt. Philip Falcone, whose Harbinger ...
LightSquared Files for BankruptcyAviation International News
LightSquared, Failed Wireless Venture, Files BankruptcyBloomberg
Philip Falcone's largest investment has filed for bankruptcyThe Economist
Washington Post
all 46 news articles »