Bankruptcy Law 
Tampa Bankruptcy Firm Clark & Washington Reminds Orlando Residents of Abraham Lincoln’s Bankruptcy – PRLog (free press release)
None of the modern debt laws were in play at this point in history, so our future president was saddled with the entire debt of the failed store. Abraham Lincoln claimed bankruptcy. It took him nearly 17 years to pay … Continue reading
Student loan debt seen as growing threat – Seacoast Online
In 2005, Congress changed bankruptcy laws and made private student loan debts nondischargeable in bankruptcy, with few exceptions. “It’s clear that too many students have been steered into loans that they will not be able to repay and that they … Continue reading
Putting union pensions under the knife – Socialist Worker Online
Decisions are made by bankruptcy judges who typically come from large corporate law firms. Sean Lane, the bankruptcy judge in the American Airlines case, was a partner in the firm of Baker Hostetler, whose clients include companies like …
Bankruptcy Court Delivers Next Chapter In Developing Law Regarding Post-Petition Lien Perfection By Subcontractors – jdsupra.com
In the Mammoth and Harrelson cases, the Bankruptcy Court held that a subcontractor violates the automatic stay by serving, after the bankruptcy petition date, a notice of claim of lien on funds due to the debtor. Key to the court’s … Continue reading
Student-loan Debt Is a Growing Threat – Hispanic Business
In 2005, Congress changed bankruptcy laws and made private student loan debts nondischargeable in bankruptcy, with few exceptions. “It’s clear that too many students have been steered into loans that they will not be able to repay and that they … Continue reading
Rochelle on Hostess, Las Vegas Monorail, Lawyer Sanction: Audio – Bloomberg
Negotiations between Wonder Bread baker Hostess Brands Inc. and the unions are more difficult because of multi-employer pension plans, for reasons Bloomberg Law’s Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast.
Rosewood Care Center in Swansea has filed for Chapter 11 bankruptcy – News-Democrat
… Center Inc. of Swansea filed for bankruptcy reorganization on Feb. 28 in Illinois Southern Bankruptcy Court. Attorney Steven Wallace, of Kunin Law Offices LLC in Collinsville, said he anticipates that the terms will be approved and provide …
NewPage Creditors: BNY Mellon Not Cooperating With Probe – NASDAQ
The matter is slated for an April 25 hearing. Bankruptcy laws allow a company or its unsecured creditor committee to bring lawsuits to challenge or unwind transactions that can be shown to have been improper or to have contributed to … Continue reading
Kodak says it needs more time to organize – USA Today
Under bankruptcy law, a company is given 120 days from filing Chapter 11 to propose a plan for its turnaround, and 60 days beyond that to exclusively lobby its various creditors to sign on to that plan. Kodak’s deadline for … Continue reading
Stockton Police Lose Bid to Restore Accrued Vacation Pay – Bloomberg
“I’m proceeding on the assumption that bankruptcy, if not a certainty, is a highly probable outcome,” Holland said. The city, through mediation required by state law, is trying to resolve disputes with creditors and unions and remain …
