Bankruptcy News

The Top 10 Chapter 11 Bankruptcy Case Pleadings to Watch for Customers Plus Bonus Tips for Protecting Your Interests When Your Supplier Files for Bankruptcy

07/28/11

Do you have a supplier who has recently filed for chapter 11 bankruptcy protection?  Or are you a consumer and one of your favorite stores recently filed for chapter 11?  Learn about how to follow these companies’ bankruptcy cases to protect your interests. To help, we’ve prepared the following presentation: The Top 10 Chapter 11 Bankruptcy [...]

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Best Bankruptcy Attorney YouTube Performances, Part 1

07/26/11

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 we’d have a little fun and highlight some of the best performances by bankruptcy attorneys [...]

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Why So Many Sports Franchises Have Filed Bankruptcy

07/22/11

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 sports teams that have filed for bankruptcy within the last 20 years.  Why is this becoming [...]

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Borders Discloses Offer For Inventory & Leases for Approximately 30 Stores

07/18/11

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 leases for approximately thirty (30) stores.”  Multiple news organizations have reported that Borders was in discussions yesterday with Books-A-Million (BAMM) on a [...]

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Borders Group (BGPIQ) Appears to Give Up Hope of Going Concern Sale

07/18/11

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 received a stalking horse bid from Direct Brands, a portfolio company of Najafi Companies, which offered hope [...]

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Perkins & Marie Callender’s Claims Bar Date Set

07/18/11

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 of claim on account of certain pre-bankruptcy obligations. The companies voluntarily filed for bankruptcy protection [...]

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Additional Issues In Probable Casey Anthony Bankruptcy: Where To File?

07/18/11

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 law issues. The news reports that Ms Anthony may be compelled to testify under oath this coming October in the “Zanny” civil suit makes bankruptcy almost inevitable.

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Fourth Circuit Affirms Bankruptcy Court Finding that LandAmerica Employees’ Severance Benefit Plan Claims Entitled to Priority Under Bankruptcy Code Section 507(a)(4)

07/12/11

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 opinion (captioned Bruce H. Matson, Trustee of the LandAmerica Financial Group, Incorporated [...]

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Is Netflix’s Value Too High? (WSJ Video)

07/12/11

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 blog: http://blog.ch11cases.com/2011/07/is-netflixs-value-too-high-wsj-video.html

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Euro Hammered Following Uncertainty (WSJ Video)

07/12/11

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 blog: http://blog.ch11cases.com/2011/07/euro-hammered-following-uncertainty-wsj.html

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