News Topic: Bankruptcy News

As part of the ever growing blawgosphere, we here at National Bankruptcy Forum come in contact with marketing savvy bankruptcy attorneys everyday. Many of our tech savvy members actively advertise their law firms on television and Youtube, so we thought ... Read full article

Although bankruptcy filings by sports teams have been historically rare, a recent smattering of filings have turned into a trend.  The Los Angeles Dodgers have recently joined the Phoenix Coyotes, the Chicago Cubs, the Texas Rangers and several other ... Read full article

Follow @Chapter11Cases Borders Group, Inc. (BGPIQ.PK) announced this afternoon that “it did not require” the auction which was scheduled for tomorrow afternoon because it did not receive a “formal proposal from a going concern bidder.”  The company had ... Read full article

Follow @Chapter11Cases In its court filing this afternoon formally announcing the cancellation of tomorrow’s auction, Borders Group, Inc. disclosed that it “received a bid from a non-insider to purchase the inventory, furniture, fixtures, equipment and ... Read full article

Judge Kevin Gross of the Delaware bankruptcy court entered an order last week setting the deadline (or bar date) for creditors of the Perkins & Marie Callender’s restaurant companies (full list of corporate entity names included below) to file proofs ... Read full article

I have received several emails commenting on my post about the legal issues in the hypothetical, but probable, Casey Anthony bankruptcy. My earlier post said that the well-known facts provide a good discussion opportunity about many technical bankruptcy ... Read full article

Summary: MarketWatch reporter Rex Crum looks at the valuation of Netflix, whose stock price has recently topped $300 per share. He looks at the brand quality, competition and growth.   View the video on our ... Read full article

Summary: A survey of small business owners shows a lack of confidence in the U.S. economy. More than two-thirds indicated they do not plan to add payrolls in 2011 or 2012. WSJ’s Siobhan Hughes reports.   View the video on our ... Read full article

Summary: EU President Herman Van Rompuy called a meeting of top policy makers to discuss plans for a second bailout package for Greece. Katie Martin discusses whether the EU will let Greece default this time around and whether Spain or Italy could be next? ... Read full article

Summary: Top economist John Taylor says his “biggest worry” is that the U.S. economy will be anemic for years and unemployment remain high. He does not, however, advocate any additional stimulus from the government or the Federal Reserve.   View the video ... Read full article

In an opinion dated July 6, 2011 (a copy of the opinion is embedded below), the Fourth Circuit Court of Appeals affirmed a decision of Bankruptcy Judge Kevin R. Huennekens of the United States Bankruptcy Court for the Eastern District of Virginia. In the ... Read full article

The Eleventh Circuit Court of Appeals affirmed a district court decision (which had, in turn, affirmed a bankruptcy court decision) sustaining the debtors’ (Winn-Dixie Stores, Inc. et al.) objections to the appellants’ (IRT Partners, L.P. and Equity One, ... Read full article

ArchBrook Laguna Holdings LLC and several affiliated companies – ArchBrook Laguna New York, LLC; ArchBrook Laguna, LLC; ArchBrook Laguna West, LLC; Expert Warehouse, LLC; Lehrhoff ABL, LLC; and Chimerica Global Logistics, LLC – voluntarily filed for ... Read full article

In a WSJ interview, Goldman Sachs’ chief U.S. economist Jan Hatzius says he sees a 15% to 20% chance of renewed recession next year. However, his baseline forecast is still for a resumption of stronger growth in the second half of 2011 and into 2012.   ... Read full article

A group of affiliated companies - Omega Navigation Enterprises, Inc.; Galveston Navigation Inc.; Beaumont Navigation Inc.; Carrolton Navigation Inc.; Decatur Navigation Inc.; Elgin Navigation Inc.; Fulton Navigation Inc.; Orange Navigation Inc.; Baytown ... Read full article

Summary: The euro is getting hammered after European finance ministers issued a vague statement that did not reassure global market watchers, Dow Jones Newswires’s Katie Martin reports.   View the video on our ... Read full article

A straw buyer is a fake buyer set up to defraud the mortgage company.  If an individual cannot qualify for a loan for a particular home, due to bad credit or some other reason, it may seem like a solution to ask a relative or friend to purchase the home ... Read full article

The Florida Supreme Court’s expanded debtor’s $4,000 wildcard exemption earlier this year giving debtors substantially more exemptions to apply to their cars and personal property. Any debtor who does not need to use their homestead exemption can take the ... Read full article