News Topic: bankruptcy

In December 2015, U.S. Bankruptcy Court Judge Laurie Silverstein of the District of Delaware confirmed a plan of reorganization in the Millennium Lab Holdings chapter 11 case that included the non-consensual release of certain claims against various ... Read full article

A recent failed-bank resolution in Europe may serve as a harbinger of how new authorities could cause problems in the U.S. and highlights the potential need for a modified bankruptcy process. ... Read full article

Heartland Bank had been operating under a regulatory order from the Fed since December. ... Read full article

The Supreme Court recently granted certiorari in PEM Entities LLC v. Levin , in which it will decide whether federal or a state law should apply when a debt claim held by a debtor’s insider is sought to be recharacterized in bankruptcy as a capital ... Read full article

The Trump administration’s examination of Dodd-Frank Act powers to allow regulators to seize and unwind a failing megabank is drawing criticism from supervisors at home and abroad. ... Read full article

In Millenium Lab Holdings , Delaware District Court Judge Leonard Stark, on an appeal from a bankruptcy court order confirming a plan of reorganization, recently upheld a challenge to the bankruptcy court’s constitutional authority to release claims ... Read full article

Repealing or modifying regulators’ authority to take over failing banks may actually increase the risk of taxpayer-funded bailouts, said former Federal Reserve Board Gov. Daniel Tarullo. ... Read full article

Bank earnings could be hurt this year as big retailers close stores and file for bankruptcy. The situation has sparked a debate about how much CRE and C&I books will suffer just as lenders were putting other commercial woes behind them. ... Read full article

SandRidge Energy filed for bankruptcy protection on Monday, joining a growing list of companies that weren’t able to hang on long enough to enjoy the rebound in oil. Crude oil prices have climbed 76% since dropping to a 13-year low in mid-February. But ... Read full article

As in lots of things, timing can be everything.  Timing is important in music, comedy, athletics, you name it. ... Read full article

The Seventh Circuit Court of Appeals recently handed down a decision with significant implications for landlords contemplating lease termination agreements with distressed tenants. Ruling on a direct appeal in the chapter 11 case In re Great Lakes Quick ... Read full article

Energy companies that are struggling to avert bankruptcy have recently been relying on a tool to buy time called a distressed-debt exchange. For some of them, that tactic may not work for much longer. ... Read full article

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For every $1,000 increase in the lottery prize in a Canadian province, there was a 2.4% increase in bankruptcy filings by the winner’s neighbors over the next few years, a new working paper shows. ... Read full article

Photo: JEFF KOWALSKY/BLOOMBERG NEWS Any shoppers still holding on to Borders gift cards can finally toss them in the trash. ... Read full article

LEE CELANO/REUTERS As Dewey & LeBoeuf LLP collapsed in 2012, Bruno Gattai was the head of the Italian practice, managing 18 partners and about 100 other lawyers and staff spl ... Read full article

City Opera performers bow at the final performance of ‘Anna Nicole’ on Sept. ... Read full article

Four years ago, in Stern v. Marshall , the Supreme Court stunned many observers by re-visiting separation of powers issues regarding the jurisdiction of the United States bankruptcy courts that most legal scholars had viewed as long settled. Stern ... Read full article