News Topic: bankruptcy law

A bankruptcy trustee’s allegedly aggressive questioning of a debtor’s English-speaking skills is the subject of a complaint on file with a federal bankruptcy watchdog, a legal publication has reported. The New York Law Journal Monday reported that ... Read full article

One of the groups of plaintiffs trying to sue General Motor s  Co. over economic losses relating to the massive recall tied to faulty ignition switches is asking the bankruptcy judge to allow its lawsuit to proceed. Read the Daily Bankruptcy Review story ... Read full article

The Federal Deposit Insurance Corp. and  Bank of America  Corp. have settled their long-running battle over who is ultimately responsible for losses tied to the sale of mortgage securities to more than two dozen failed banks. Read the Daily Bankruptcy ... Read full article

Capmark Financial Group reached a settlement with its former head honcho over the nearly $17 million he received when he left the commercial real estate lender the year before its bankruptcy, but one key detail is under wraps—how much the individual will ... Read full article

Lehman Brothers Holdings Inc.’s brokerage is asking a U.S. court to reconsider its ruling affirming Barclays PLC’s right to billions of dollars in disputed assets, saying the decision throws into question the integrity of bankruptcy sales. Read the Daily ... Read full article

India’s Sesa Sterlite Ltd. has lost a bid to block a bankruptcy-court order requiring it to pay an $82.75 million judgment stemming from its failed attempt to acquire Asarco LLC, a U.S.-based copper miner. Read Peg Brickley’s story in the Daily Bankruptcy ... Read full article

The Chicago Bears are up against a tough foe, but not on the gridiron. Try bankruptcy court. ... Read full article

Daehan Shipbuilding Co. Ltd. filed for Chapter 15 bankruptcy protection Monday in New York, seeking to shield its U.S. assets from efforts to collect a $54.5 million judgment. Read the story in the Daily Bankruptcy Review.   ... Read full article

A group Argentina banks are working on a last-minute plan to help the country avoid default, The Wall Street Journal reports . ... Read full article

A court in The Hague has ruled that Russia owes former shareholders of the now-defunct oil giant Yukos more than $50 billion in compensation for the government’s seizure of the company, The Wall Street Journal reports . ... Read full article

The U.S. and Canadian judges who will decide how to divide $7.3 billion raised in the liquidation of the former Canadian technology icon went their separate ways Friday, with the U.S. judge canceling and the Canadian judge forging ahead with a hearing on ... Read full article

Nortel Networks Corp .’s U.S. division said Thursday it has reached a deal with bondholders owed nearly $4 billion to cap the interest they can collect at $1.01 billion. Read the Daily Bankruptcy Review story via The Wall Street Journal. ... Read full article

In this Sept. ... Read full article

Energy Future Holdings Corp. insiders took nearly $46 million out of the company in the 12 months leading up to its April 29 bankruptcy filing, new court records show . ... Read full article

Time & Life Pictures/Getty Image The U.S. Supreme Court ruled that certain money inherited from individual retirement accounts can be taken by creditors to cover the debts of people in bankruptcy proceedings. ... Read full article

The Supreme Court on Monday clarified a prior ruling that effectively limited bankruptcy judges’ powers but left a bigger question unanswered. Law Blog has the Daily Bankruptcy Review article here . ... Read full article

A government bankruptcy watchdog wants to ensure the claims trading industry doesn’t profit from the confusion of hundreds of people who have already lost money with New Life International, a Tennessee nonprofit that collapsed last year after investing ... Read full article

TelexFree LLC, a Massachusetts Internet calling service provider, stands accused of operating one of the largest pyramid schemes in history.  The company, now in bankruptcy, is facing civil fraud charges brought by the Securities and Exchange Commission, ... Read full article