bankruptcy law

Monday, the historic Nortel Networks Corp. cross-border bankruptcy trial will begin in Wilmington, Del., and Toronto. Judges will decide how to divvy up $7.3 billion from the sale of patents and other assets between Nortel divisions in Canada, the United States and Europe.

Nortel Networks is preparing to spend more than $1 million on technology for an upcoming court fight over $7.3 billion raised in its global liquidation, a trial that will be broadcast live—but not to the public.

Only “authorized users” will be able to view the Webcast of the fight for the failed telecommunication company’s billions, according to an outline of the trial technology plan filed with the courts overseeing Nortel’s dissolution.

A group of lawyers and marketing professionals had a tough nut to crack: how drum up interest in an abandoned power plant in Hawaii that can turn macadamia shells into energy.

The lawyers are hoping that a multimillion-dollar offer comes in before today’s bid deadline after months of looking for someone who might want the plant.

The owner of popular Capitol Hill eating spots like Hawk ‘n’ Dove, Senart’s Oyster House and The Chesapeake Room heads to court today for its first bankruptcy appearance.

The restaurant operator has a 2 p.m. hearing in front of Bankruptcy Judge S. Martin Teel Jr., where it will ask for permission to continue paying its roughly 200 workers while the company figures out a survival plan.

The owner of a handful of popular Washington D.C. bars and restaurants—including legendary Capitol Hill watering hole Hawk ‘n’ Dove—filed for bankruptcy protection Friday.

Baltimore-based Barrack’s Row Entertainment filed for Chapter 11 protection in U.S. Bankruptcy Court in Washington D.C., putting eating spots like Hawk ‘n’ Dove, Senart’s Oyster House and The Chesapeake Room into protection with it.