Bankruptcy Law

Former govt counsel urges stop to ‘looting’ of Fund by lawyers – Saipan Tribune

The lawyer also cited the law firm’s filing in the last few days, requesting the Bankruptcy Court to approve the transfer of real property in San Vicente. “Why this being done now, after the court has indicated its intent to … Continue reading

Better Business: Before seeking bankruptcy, understand your options – Memphis Commercial Appeal

Early bankers used benches to conduct their business and if their business failed, they broke the bench. Bankruptcy laws balance the need for a fresh start for honest but unfortunate debtors and equal treatment for creditors. They’re complex …

Dynegy Inc. Files for Bankruptcy in Plan to Merge With Unit – Bloomberg

The company’s lawyers are the New York-based law firm White & Case LLP. Its financial advisers are Lazard Freres & Co. The case is In re Dynegy Inc., 12-36728, U.S. Bankruptcy Court, Southern District of New York (Poughkeepsie). To contact … Continue reading

Dynegy Files for Bankruptcy as Part of Settlement – New York Times

Dynegy Inc. announced on Friday that it had filed for Chapter 11 bankruptcy protection in New York … in on its identity as a destination for laughs. Several securities law experts say the delay in the BlackBerry 10, and overly … Continue reading

Prosecutorial discretion, Southern Baptists and the right thing to do for illegal aliens – RedState

If you want to know what real injustice looks like against the young and old, citizens and illegals alike, just continue to water down the rule of law via bailouts denying U.S. auto company bondholders their rights under bankruptcy laws … Continue reading

Stockton Judge Limits Release of Mediation Details – Bloomberg

Under federal law, in order to cut debt and exit bankruptcy, a city must win court approval for such a plan. Stockton is trying to become the first American city since the Great Depression to use bankruptcy to successfully force … Continue reading

The Broke and the Beautiful: Hot Edition – Wall Street Journal

This week on The Broke and the Beautiful, the trustee for Scott Rothstein’s law firm makes a slam dunk with a Miami Heat settlement, and college football coach John L. Smith may enter bankruptcy. Also, Thomas Kinkade’s wills won’t be … Continue reading

Dublin pushes for insolvency overhaul – Financial Times

The growing number of Irish property developers moving to the UK to take advantage of its liberal bankruptcy laws is prompting Dublin to push for a radical overhaul of European insolvency regulations. Alan Shatter, Ireland’s minister for justice …

MFBs seek enactment of bankruptcy laws – Businessday Online

Operators of microfinance banks have advised the Central Bank of Nigeria (CBN) to facilitate the enactment of bankruptcy and business rescue laws for the individuals. The appeal was contained in a communiqué issued by the operators in Lagos at the … Continue reading

The Daily Docket: Dynegy Inc. Enters Bankruptcy – Wall Street Journal

Dynegy Inc. filed for Chapter 11 protection, The Wall Street Journal reports. Subsidiary Dynegy Holdings LLC filed for bankruptcy last November. The law firm of Weil, Gotshal & Manges LLP stands to earn more than $430 million for leading Lehman …