Bankruptcy Legal News

MF Global Clients at Risk in Bankruptcy Fight

Posted in Bankruptcy-News by admin on January 27th, 2012

A $700 million dispute between bankruptcy administrators in London and New York threatens the return of money locked in customer accounts

Read more…

U.S.-backed battery firm Ener1 seeks Chapter 11 bankruptcy

Posted in Bankruptcy-News by admin on January 27th, 2012

Another company that received backing from the U.S. Department of Energy files for Chapter 11 bankruptcy protection.

Read more…

Obama-backed car battery company files for bankruptcy protection

Posted in Bankruptcy-News by admin on January 27th, 2012

Ener1, an electric car battery company that the Obama administration awarded a $118 million stimulus grant to expand its operations , filed for Chapter 11 bankruptcy protection Thursday after being unable to repay pressing debts. Read full article >>

Read more…

Bankruptcy filings in Colorado end five years of upticks

Posted in Bankruptcy-News by admin on January 26th, 2012

Fewer Colorado consumers and businesses filed for bankruptcy protection last year, reversing a five-year run of annual increases.

Read more…

Bankruptcy judge disbands EpiCentre creditors group

Posted in Bankruptcy-News by admin on January 26th, 2012

A judge in the EpiCentre bankruptcy case has disbanded the committee of unsecured creditors, the latest twist in the long-running, contentious case, and a move legal experts say is unprecedented and could hurt the voices of the smallest companies owed money by the entertainment giant.

Read more…

Bankruptcy laws reform proposed

Posted in Bankruptcy-News by admin on January 25th, 2012

The Republic of Ireland's justice minister publishes proposals aimed at reforming the country's tough bankruptcy laws.

Read more…

With Defaults Low, Bankruptcy Experts Keep Eyes on Europe

Posted in Bankruptcy-News by admin on January 25th, 2012

This year is expected to be another relatively light one for bankruptcy experts, compared with the recent past. But turnaround professionals say they are watching Europe's sovereign debt crisis.

Read more…

Wrigley rooftop venue sold in bankruptcy auction

Posted in Bankruptcy-News by admin on January 24th, 2012

The owner of a Wrigley Field rooftop business acquired a neighboring property with a rooftop venue at a bankruptcy auction for $4.8 million.

Read more…

Judge Approves $750 Million Bankruptcy Exit Financing For Grocer A&P

Posted in Bankruptcy-News by admin on January 24th, 2012

WHITE PLAINS, N.Y. -(Dow Jones)- A judge Tuesday moved Great Atlantic & Pacific Tea Co. (GAPTQ) one step closer toward exiting its complicated bankruptcy by approving a $750 million financing package for the owner of the A&P grocery chain.

Read more…

AMR Risks Losing Control of Bankruptcy Exit as Suitors Circle

Posted in Bankruptcy-News by admin on January 24th, 2012

American Airlines parent AMR Corp. risks losing control of its ability to exit bankruptcy as an independent carrier after three possible suitors emerged within two months of its Chapter 11 filing.

Read more…