News comments: Only a bankruptcy judge can give Harrisburg the kind of help it needs
Posted by on Sep 4th, 2010“It was a very good and informative meeting last night. Bankruptcy is not something to fear.
Bankruptcy judge says Houser’s Rome trial to continue
Posted by on Sep 3rd, 2010ATLANTA — A federal bankruptcy judge in Atlanta ruled Thursday that a civil case filed against a former Rome nursing home owner can continue today in Floyd County Superior Court. George D. Houser …
Lehman preps bank units for sale or shutdown
Posted by on Sep 2nd, 2010Lehman Brothers Holdings Inc , the bankrupt U.S. investment bank, needs at least $550 million to keep its two bank units going as it prepares to sell them or shut them down in 18 months, court documents show.
US bankruptcy judge denies Innkeepers’ sale plan
Posted by on Sep 2nd, 2010NEW YORK, Sept 2 – Innkeepers USA Trust’s bankruptcy plan agreement with a Lehman Brothers Holdings Inc unit has been shot down by a judge after some creditors said it was unfair, according to a lawyer involved in the case.
Area bankruptcy filings rise in Aug., buck trend
Posted by on Sep 2nd, 2010BLADE STAFF Bankruptcy filings across northwest Ohio rose in August, reversing a four-month trend in which the number of cases had been declining from last year. Last month had 785 filings, up 6 percent from the same month last year for the 21 Ohio counties within the U.S.
No bypass of bankrupt firm’s retention to access excess cover: Court
Posted by on Sep 2nd, 2010PROVIDENCE, R.I.—A ruling that says that, under Rhode Island law, individuals seeking to recover damages from a bankrupt company cannot directly collect from excess insurers if the company has not exhausted its self-insured retention likely will be significant nationally, said an attorney in the case.
U.S. Consumer Bankruptcy Filings Fall 8 Percent in August, Institute Says
Posted by on Sep 1st, 2010U.S. consumer bankruptcy filings fell 8 percent from July to 127,028 in August, the American Bankruptcy Institute reported.
Young Buck Says Bankrupt Does Not Mean Broke!
Posted by on Sep 1st, 2010Young Buck Says Bankrupt Does Not Mean Broke! Young Buck, former member of G-Unit, has filed for bankruptcy while maintaining that he isn’t anywhere near broke. In fact, Young Buck listed over $5 million in assets in the Chapter 13 paperwork.
Bankruptcy judge overrules 2nd bid for Bear Island Paper Co.
Posted by on Sep 1st, 2010A bankruptcy court auction of the assets of Bear Island Paper Co. LLC is moving ahead with the company’s original stalking-horse bidder agreement in place.
Judge tosses Prichard bankruptcy
Posted by on Aug 31st, 2010MOBILE, Ala. — Prichard’s bankruptcy case was dismissed this morning, after a judge agreed that the city was not eligible for Chapter 9 under Alabama law. A crowd of retirees and current employees applauded when U.S