363 Sales

U.S. high court rules in credit bid bankruptcy case - Reuters UK

05/29/12

WASHINGTON, May 29 (Reuters) - The U.S. Supreme Court ruled on Tuesday that a secured creditor cannot be denied the right to make what has been known as a "credit bid" involving the sale of property or other assets as part of a bankruptcy ...

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Ventura's historic Pierpont Inn to be sold at auction - Los Angeles Times

05/27/12

The Pierpont Inn & Spa, a century-old Ventura hotel that once served as a getaway for L.A.’s upper crust, will land on the auction block next month in a bankruptcy sale. The Arts and Crafts style hotel was built in 1910 by Josephine Pierpont ...

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Bankruptcy as an option - NorthJersey.com

05/27/12

Bankruptcy takes this a step further. Many homeowners who are able to sell their homes in a short sale or mail their keys back to their lenders find themselves thinking about bankruptcy later, when bill collectors come after them. While you filed early in ...

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Homebuying after a Short Sale, Bankruptcy, or Foreclosure - Examiner

05/26/12

Homebuying after a short sale: The basic rules are pretty simple: If you are looking for “low down payment” in an FHA loan, you must wait three years. You will then need 3 1/2% plus all your closing costs (usually an equivalent amount).

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Wilson: Surcharge Of Debtor's Exempt Property Based On Debtor's Contempt In Refusing To Assist Trustee In Sale Of Property - Forbes

05/26/12

Next, the Bankruptcy Trustee’s Realtor sent letters to the Co ... the Court entered an Order that compelled cooperation by the Debtor and Co-Owner in the sale. This Order was ignored too. Because of the lack of cooperation, the Trustee was ...

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Bankruptcy-Bound Elpida Dethrones Micron from No.3 Rank on DRAM Market. - Xbitlabs.com

05/26/12

Elpida also surpassed its closest competitor, Micron, whose sales declined by 3% during the same period ... Micron was the most logical choice to purchase Elpida, which filed for bankruptcy in February after incurring more than $5 billion in debt and ...

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Fannie Mae, Freddie Mac 2012 bill sale calendar - Reuters

05/25/12

May 25 (Reuters) - The following is a list of scheduled U.S. agency bill sales from Fannie Mae and Freddie Mac for 2012. Freddie Mac said 3-month and 6-month bills will be auctioned every week. In addition, 1-month and 12-month auctions are ...

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Fallout From Nassau Broadcasting Bankruptcy Sale - FMQB

05/24/12

Over the past week, Nassau Broadcasting's assets were sold off in bankruptcy court to five different buyers. According to reports, the largest sale was of 11 Nassau stations in Pennsylvania and New Jersey to a Goldman Sachs affiliate for $37.9 million ...

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United States: Not So Fast - 363 Sales May Not Be Free And Clear Of Future Claims - Mondaq

05/24/12

In recent years, section 363 sales have increased in prominence. According to the UCLA-LoPucki Bankruptcy Research Database, less than 4 percent of all large, public company bankruptcies were resolved by sales of all or substantially all of a debtor's ...

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Hostess Brands Bankruptcy Reorganization Threatens Thousands With Lay-Offs - Huffington Post

05/23/12

"The notices were sent to alert employees that a sale or wind down of the company is possible in the future. However, our goal is still to emerge from bankruptcy as a growing company with a strong future," said Hostess in a prepared statement.

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