Bankruptcy Trends

Critics: New Bankruptcy Paperwork Will Cause Inaccurate Filings 

11/23/15

The paperwork that people and businesses have used to file for bankruptcy protection since the 1980s is being replaced on Dec. 1 with forms that have clearer, easier-to-understand instructions and that’s…bad?

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Bankruptcy Case Asks Supreme Court to Decide: What Is Fraud?

11/10/15
Carolyn Kaster/Associated Press

The fresh start of bankruptcy isn’t available to those who have defrauded their creditors, but how do you define fraud?

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NextEra Circles Oncor as Energy Future Pursues Sale

11/09/15

Florida-based NextEra Energy Inc. is circling Energy Future Holdings Corp. as it tries to implement its $42 billion debt-repayment plan.Read the Daily Bankruptcy Review article here.

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Why Bankruptcy Often Means the End for Retailers

10/29/15

More than half the major U.S. retailers that have for filed bankruptcy since 2005 ultimately shut down, according to a study from AlixPartners advisory firm.

The authors found roughly 55% of bankrupt retailers never reopened and compared that rate with a separate study that found that non-retailers liquidate in bankruptcy less than 5% of the time.

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Is an Old Bond Law Complicating Restructurings?

09/28/15

An often-used restructuring strategy has recently run into an unexpected hurdle in the courtroom—an old bond law that has been dusted off and used to challenge financial workouts.

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Insiders at A&P Took in $9.4 Million Before Chapter 11

09/21/15

Sever unnamed insiders at Great Atlantic & Pacific Tea Co. took in $9.4 million in bonuses and other extra payments in the year before the supermarket operator’s second bankruptcy filing.Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Corinthian Wins Liquidation Plan Approval

08/27/15

Defunct for-profit educator Corinthian Colleges Inc. won approval of a liquidation plan that will set aside some money for former students looking to discharge of loans, Daily Bankruptcy Review reports via The Wall Street Journal.

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A Law to Kill Zombie Debts That Outlasted Bankruptcy

07/28/15

zombie debtFederal lawmakers have a proposal to kill “zombie” debts for people whose credit-card bills survived bankruptcy.

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MF Global Parent to Get Brokerage’s Litigation Rights

07/27/15

MF Global’s brokerage will give pending litigation against its leaders to its parent company in a new deal that will let it almost fully pay its unsecured creditors. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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