BankruptcyProfBlog

Great Stuff on the Dodgers - Read All About It

06/27/11

Dodgers' Schedules (check out the list of the top 40 creditors; why is no one talking about what will happen to poor Manny Ramirez?) Declaration of Dodgers' Vice President Ingram in Support of Bankruptcy Petition

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Dodgers File Chapter 11

06/27/11

U.S. Bankruptcy Court District of Delaware (Delaware) Bankruptcy Petition #: 11-12010-KG Assigned to: Kevin Gross Chapter 11 Voluntary Date filed: 06/27/2011 Debtor Los Angeles Dodgers LLC Dodger Stadium 1000 Elysian Park Avenue Los Angeles, CA 90012 Tax ID / EIN:...

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Top 5 Bankruptcy Articles of the Past Month

06/24/11

Top 5 most-downloaded bankruptcy-related articles of the past month on SSRN. 1) Directors’ Fiduciary Duties in the Zone of Insolvency and Actual Insolvency: To Whom, What, and When?, Michael R. Patrone. Analyzes the extent of corporate directors' fiduciary duty to...

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Update from the State Bar Business Law Section's INSOLVENCY LAW COMMITTEE

06/23/11

June 22, 2011 Dear Insolvency Law Committee Constituency List members: The following is an Ebulletin prepared on a case of interest by a member of the Insolvency Law Committee: A bill to again revise California Exemptions, introduced by Assembly Member...

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Estate of Anna Nicole Smith loses at Supreme Court

06/23/11

"The Supreme Court ruled Thursday that a bankruptcy court incorrectly granted Anna Nicole Smith over $400 million from the estate of her oil magnate husband J. Howard Marshall. In the 5-4 decision, the nation's highest court held that the US...

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Toby Maguire and others sued over poker winnings

06/22/11

" 'Spider-Man' star Tobey Maguire and other celebrities have been caught in a web of lawsuits seeking to reclaim more than $4 million won during unlicensed poker matches at upscale Beverly Hills hotels. The lawsuits were filed in March by...

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Philadelphia Orchestra announces millions in gifts

06/22/11

"The Philadelphia Orchestra Association has announced an aid package worth a potential $45 million - a substantial start to its $160 million drive to help the orchestra emerge from bankruptcy and become stable. The funding, announced Wednesday, includes only $11.2...

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Onetime socialite Kluge in bankruptcy protection

06/21/11

"Patricia Kluge, a onetime socialite who had entertained the rich and famous at her sprawling Virginia estate in the 1980s and later tried her hand at building up a national winemaking business, has filed for personal bankruptcy protection with her...

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Bankruptcy Court Questions Naiveté of Debtor – When the Debtor’s Spouse is a Paralegal

06/20/11

Allegations in credit card company’s complaint, that Chapter 7 debtor ran up more than $3,700 in charges against her account in space of roughly one month, at time when debtor’s total unsecured credit card debt of more than $88,000 was...

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Tuscaloosa Bankruptcy Attorney Charged with Bankruptcy Fraud

06/20/11

"Federal prosecutors today charged a Tuscaloosa attorney with bankruptcy fraud, announced U.S. Attorney Joyce White Vance and FBI Special Agent in Charge Patrick Maley. The one-count information filed in U.S. District Court charges DONALD DIONNE, 60, with making a false...

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