Bankruptcy Law

Analysis: Grim prospects for Stockton as bankruptcy looms – msnbc.com

a lawyer and municipal bankruptcy specialist at the Chapman and Cutler law firm in Chicago. “More likely than not, you’re not going to get your desired result.” Stockton on Wednesday provided an initial outline of what a “bankruptcy budget” might … Continue reading

Analysis: Grim prospects for Stockton as bankruptcy looms – Reuters

a lawyer and municipal bankruptcy specialist at the Chapman and Cutler law firm in Chicago. “More likely than not, you’re not going to get your desired result.” Stockton on Wednesday provided an initial outline of what a “bankruptcy budget …

Stockton bankruptcy likely to be costly mess – msnbc.com

a lawyer and municipal bankruptcy specialist at the Chapman and Cutler law firm in Chicago. “More likely than not, you’re not going to get your desired result.” Stockton on Wednesday provided an initial outline of what a “bankruptcy budget” might … Continue reading

The Daily Docket: Houghton Mifflin Can Leave Bankruptcy – Wall Street Journal

The Davenport, Iowa, diocese has emerged from bankruptcy and will pay sexual-abuse victims $37 million, the Associated Press reports. Law Blog discusses Dewey & LeBoeuf LLP’s 50 biggest account debtors. Bloomberg looks at Dewey’s attempt to …

American Airlines pilots reject contract offer – AP – msnbc.com

But federal law lets companies in bankruptcy scuttle their union contracts if it’s essential to their survival. After several days of last-ditch negotiations, American made a new contract proposal to the pilots’ union last week. The union said there were … Continue reading

Did your Bankruptcy Attorney Leave You Holding the Ball? – Patch

Bankruptcy law is extremely complicated and I absolutely wouldn’t recommend anybody entering into that process without a good attorney. My passion that you may feel through this article comes from my personal experience and the experience that I …

Houghton Mifflin to Exit Bankruptcy But Must Move Case – NASDAQ

Companies have some leeway when deciding where to seek bankruptcy, as laws allow them to file not only where their assets or operations are located but also where they are incorporated or where they have an affiliate. Still, some in … Continue reading

Up Next on the Dewey Docket: Ditch the Real Estate – Law.com

The Dewey & LeBoeuf estate hopes to void two dozen leases on office space the now-bankrupt firm occupied around the world before it ceased practicing law last month, according to a filing made Wednesday in Manhattan bankruptcy court. Bankruptcy …

Madoff Class-Action Lawsuit Is Blocked by U.S. Bankruptcy Judge – Bloomberg

Harris has said her suit isn’t barred under bankruptcy law, because she is exercising her policing power under state law. Picard sued Chais and related entities in 2009, demanding the return of $1 billion allegedly withdrawn fraudulently from …

Dewey Docket: Dump the Leases, Keep the Art – Wall Street Journal

Now that Dewey & LeBoeuf LLP has filed for bankruptcy, the wind-down team for the defunct New York law firm wants to jettison leases for shuttered offices from Austin to Abu Dhabi. Continuing those leases, the firm says, will not … Continue reading