News Topic: bankruptcy law

Yuri Gripas/Reuters Sen. ... Read full article

Detroit lawyer Corinne Ball said that city leaders are “working mightily” to secure a loan. Read the Daily Bankruptcy Review article here . ... Read full article

Overseas Shipholding Group Inc. Monday said it may owe $460 million or more to the Internal Revenue Service, a finding that is likely to upset its Chapter 11 bankruptcy case. Read the Daily Bankruptcy Review article here . ... Read full article

Associated Press UMWA International President Cecil Roberts (left) holds had with supporters. ... Read full article

Jim Rydbom/Associated Press Kodak Colorado Division Building C-29 Eastman Kodak Co. was cleared Tuesday to emerge from bankruptcy court, putting a bookend on an American ric ... Read full article

EPA The  appointment of a fee examiner to monitor legal bills in ... Read full article

EPA This October, Judge Steven Rhodes of the U.S. Bankruptcy Court in Detroit will preside over a trial on whether the city of Detroit was eligible to file for Chapter 9 bankruptcy protection last month. ... Read full article

The railway company that operated the train that derailed and exploded last month, killing 47 people and destroying part of a small town in Quebec, sought bankruptcy protection in the U.S. and Canada on Wednesday with the intention to sell the business. ... Read full article

Phil Falcone’s Harbinger Capital Partners LLC sued Dish Network Corp.Chairman Charlie Ergen  for fraud, accusing him of secretly acquiring the debt of LightSquared Inc. in order to take control of the telecommunications firm and its wireless spectrum ... Read full article

MF Global Holdings Ltd. has struck a deal with J.P. Morgan Chase & Co. that calls for the bank to pay MF Global a portion of what the bank recovers in the case, a settlement that MF Global’s administrator says avoids “years of costly and complex ... Read full article

A bankruptcy filing by the city of Detroit could come within days, The Wall Street Journal reports . The U.S. Environmental Protection Agency added its voice to the chorus of regulators worried battery maker Exide Technologies Inc.’s bankruptcy loan poses ... Read full article

K-V Pharmaceutical Co. received approval Tuesday to send its bankruptcy-exit plan to creditors for a vote. Read the Daily Bankruptcy Review article here . ... Read full article

Reader’s Digest Association Inc. unveiled a restructuring plan to focus on its North American print and digital business Wednesday, as it prepares to emerge from bankruptcy protection. Read the Daily Bankruptcy Review article here . ... Read full article

Eastman Kodak Co. said it reached a deal, subject to court approval, that would allow it to repay its second-lien creditors in cash instead of equity in the company. Click here for the Daily Bankruptcy Review article. ... Read full article

A federal appeals court on Wednesday ruled that the federal government went too far when seizing assets to repay Scott Rothstein’s Ponzi scheme victims, handing a victory to bankruptcy trustees. Read the Daily Bankruptcy Review article here . ... Read full article

Ahern Rentals Inc. and its bondholders have agreed to a path out of Chapter 11 bankruptcy for the construction-equipment company, narrowly avoiding a showdown over rival restructuring plans. Read the Daily Bankruptcy Review article here . ... Read full article

Bloomberg Distribution trucks drive through the yard at the Polmos Bialystok SA vodka distillery, a subsidiary of ... Read full article

Getty Images When Congress overhauled the Bankruptcy Code in 2005, it directed bankruptcy watchdogs to ferret out fraud by auditing consumer debtors—audits those watchdogs can no longer afford. ... Read full article