Bankruptcy Law 
Ally Said to Gain ResCap Bondholder Support for Bankruptcy Plan – Bloomberg
Investors holding at least $800 million in ResCap debt, including John Paulson’s Paulson & Co. and David Tepper’s Appaloosa Management LP, hired law firm White & Case LLP and partner Gerard Uzzi in January to oppose a bankruptcy. Gina Proia … Continue reading
United States: Asset Sales In Bankruptcy: An Important Decision – Mondaq
U.S. bankruptcy law permits debtors-in-possession and trustees to sell assets free and clear of claims, liens and other interests. But a federal judge in New York ruled recently that a purchaser does not necessarily buy free and clear when a … Continue reading
EFO Holdings, LP Partner Speaks at Conference – StreetInsider.com
The 36th Annual Alexander L. Paskay Seminar on Bankruptcy Law and Practice was held on March 15-17, 2012 at the Hyatt Regency Tampa, in Tampa, Florida. The seminar delivers prominent national speakers on timely topics in both commercial and consumer … Continue reading
Alabama panel OK’s trimmed tax law for bankrupt Jefferson County – Reuters
Four of the five Jefferson County commissioners were at the state house in Montgomery for the committee vote and were assessing the next step to find a financial fix to help the county emerge from bankruptcy, Carrington said. The bill … Continue reading
The Daily Docket: Ala. Law Complicates Jefferson County’s Restructuring – Wall Street Journal
Alabama’s constitution makes it nearly impossible for counties to raise taxes without state approval, a situation that has complicated efforts to bring debt-laden Jefferson County out of the largest bankruptcy in municipal history. Read the …
California Lawmaker Pushes New Municipal Bankruptcy Limit – Bloomberg
Carrigg, in a telephone interview, said unions support restrictions on bankruptcy filings because some cities or counties may try to use the courts to renegotiate contracts. The new bill unravels a careful compromise that led to the law’s …
Old Alabama Law Complicates Jefferson County’s Restructuring – Wall Street Journal
The bill would allow a county in municipal bankruptcy to raise certain taxes,
Homeowners Consumer Center Urges Bankruptcy Attorneys to Join Their Vital Initiative … – YAHOO!
The Homeowners Consumer Center is strongly encouraging bankruptcy law firms, or bankruptcy attorneys in every major metropolitan area, and every US state to join in their vital national initiative focused on getting millions of struggling US homeowners to …
Arizona Attorney Receives National Distinguished Service Award – YAHOO!
Phoenix Attorney Jonathan Frutkin, principal at The Frutkin Law Firm, received the Distinguished Service Award from the National Association of Consumer Bankruptcy Attorneys (NACBA). Frutkin is the first Arizona recipient to receive the prestigious award …
Dewey & LeBoeuf takes steps to ward off bankruptcy – Pittsburgh Post-Gazette
NEW YORK — Corporate law firm Dewey & LeBoeuf LLP hopes to stave off bankruptcy by collecting bills to pay lenders and transferring employees and property to other firms, a member of the chairman’s office for the firm said. The … Continue reading
