Bankruptcy Law

Cadwalader Unveils "Restructuring Review", a New Thought Leadership Blog from the Financial Restructuring Practice – Yahoo Finance

The partners representing Cadwalader’s Financial Restructuring practice work closely with clients in developing bankruptcy sensitive products … is one of the world’s leading international law firms, with offices in New York, London, Charlotte …

The Daily Docket: Law-Firm Loans Show Cracks – Wall Street Journal

In the race to open offices throughout the globe and lure rainmakers to their ranks, some law firms willingly took on debt they expected to have no trouble paying—a once-safe bet that is now backfiring. Read the Daily Bankruptcy Review … Continue reading

Teetering, Dewey Ousts Ex-Head From Post – New York Times

Dewey’s leadership had been trying to structure a prearranged bankruptcy filing in which it would combine with Greenberg Traurig, one of the nation’s largest law firms, and avoid liquidation. A bankruptcy filing by Dewey would be the largest …

Law Firms Are No Longer Seen as a Safe Bet for Lenders – Wall Street Journal

The past decade has seen the once-unthinkable dissolution and bankruptcies of large corporate law firms. At least one other–New York giant Dewey & LeBoeuf LLP — is teetering on the brink of bankruptcy. A report in today’s WSJ looks at … Continue reading

Bankruptcy can’t expel private student loans – Courier-Journal

even gambling losses — can be discharged in bankruptcy, allowing the “honest but unlucky” a chance to restore their footing through an arduous restructuring overseen by a court. But under a 2005 law passed by Congress to protect lenders …

Kodak says ‘stay put’ bonuses needed to retain key employees – Democrat and Chronicle

And bankruptcy laws limit what Kodak is able to do in terms of bonuses and incentives, even though those are often part of compensation packages for managers and executives in corporate America. But the idea sticks in the craw of … Continue reading

Alabama Legislature could determine whether Jefferson County’s bankruptcy case is tossed – Everything Alabama Blog

To support its bankruptcy plan, the county must show that it has enough … a bill would have to be introduced no later than Thursday to have a chance of becoming law during the regular session. There’s also a chance … Continue reading

Law firm Dewey dumps executive; talks with rival end – Yahoo Finance

NEW YORK (Reuters) – Embattled law firm Dewey & LeBoeuf said on Sunday it removed … Dewey, saddled by high debt, has been considering filing bankruptcy as a vehicle to merge with or be acquired by one or more firms. … Continue reading

Law firm Dewey dumps executive; talks with rival end – msnbc.com

NEW YORK (Reuters) – Embattled law firm Dewey & LeBoeuf said on Sunday it removed … Dewey, saddled by high debt, has been considering filing bankruptcy as a vehicle to merge with or be acquired by one or more firms. … Continue reading

Dewey LeBoeuf Said to End Greenberg Merger Talks – Businessweek

Most large law firms that fail don’t come out of bankruptcy, said Chip Bowles, a bankruptcy lawyer with Bingham Greenebaum Doll LLP in Louisville, Kentucky. Instead, they liquidate, he said, citing New York-based Finley Kumble, which went …