News Topic: bankruptcy law

School Specialty Inc. won court approval to draw $129 million of a rival bankruptcy loan that gives the education supply company more time and flexibility in its Chapter 11 restructuring Read the Daily Bankruptcy Review article here . ... Read full article

EPA As financially stretched Americans prepare to plead for a bankruptcy judge to approve their debt-payoff plans, could adding a single word—“sorry”—help their case? ... Read full article

Getty Images Federal lawmakers who have long grumbled about big companies choosing Delaware or Manhattan over their “home” bankruptcy courts for restructuring work will now have to get past Delaware Democratic ... Read full article

European Pressphoto Agency Eastman Kodak Co. ... Read full article

A federal judge on Tuesday approved the sale of A123 Systems Inc., the government-backed battery maker that has yet to turn a profit, to China’s Wanxiang America Corp. for $256.6 million. Read the Daily Bankruptcy Review article here . ... Read full article

A123 Systems Inc., the government-backed battery maker that has yet to turn a profit, is set to be the unlikely object of a bidding war when its assets hit the auction block on Thursday. Read the Daily Bankruptcy Review article here . ... Read full article

Bowling-center operator AMF Bowling Worldwide Inc. sought Chapter 11 bankruptcy protection Tuesday after reaching a deal with key creditors to restructure its debt. Read the Daily Bankruptcy Review article here . ... Read full article

A year into Jefferson County, Ala.’s historic bankruptcy, its elected leaders aren’t the ones who are fully in control of the case’s direction. Neither are the brightest attorneys hired by Wall Street banks to protect their $3.2 billion investment in the ... Read full article

Nearly two years after a “fierce” debate that “fizzled as quickly as it started,” University of Pennsylvania law professor David Skeel is arguing that the idea of giving states a way to file for bankruptcy remains relevant and necessary. In addition to ... Read full article

The government’s bankruptcy watchdog says A123 Systems Inc.’s attempt to pay millions of dollars in “incentive” bonuses to a handful of the battery maker’s insiders appears to be a disguised bid to award the employees with illegal “retention” bonuses. ... Read full article

A majority of American Eagle pilots have voted in favor of a new labor agreement between their union and AMR Corp., the regional airline’s parent. Read the Daily Bankruptcy Review article here . ... Read full article

It’s been well over a year since the U.S. Supreme Court handed down a decision in Stern vs. Marshall that called into question the authority of bankruptcy judges to decide certain issues. Although some of the storm has calmed since then, according to a ... Read full article

A U.S. House panel on Friday looked into whether the Federal Communications Commission followed its own rules when it gave Phil Falcone’s LightSquared approval for a wireless network in early 2011, a decision that has since been put on hold over ... Read full article

Academics say Chapter 14, which would address failing financial institutions, could co-exist with Dodd-Frank. Read the Daily Bankruptcy Review article here . ... Read full article

A New York judge on Tuesday grilled a lawyer representing Patriot Coal Corp.’s union workers over whether the company’s bankruptcy case should be moved to Charleston, W.V., home of most of Patriot’s coal mines. Read the Daily Bankruptcy Review article ... Read full article

Losses bankrupt solar power equipment maker Solyndra LLC racked up during its brief existence could translate into more than $300 million worth of tax breaks for private equity backers in the future, new court papers say. Read the Daily Bankruptcy Review ... Read full article

Bain Capital Partners’ Contec Holdings Ltd. plans a speedy trip through bankruptcy with a debt-for-equity swap that will displace the private-equity firm and leave banks in charge, attorneys said at a court hearing Friday. Read the Daily Bankruptcy Review ... Read full article

Due to the decline in home values over the last few years, many people now find themselves with mortgage balances on their homes that exceed the value of their home. Many homeowners are underwater on their homes because of a second mortgage. Bankruptcy can ... Read full article