BankruptcyProfBlog

LA Real Estate Mogul Convicted Of $21m Fraud

05/22/11

"A bankrupt Los Angeles real estate developer has been convicted of stealing some $21 million through a tax shelter scheme. Ezri Namvar was found guilty Thursday of four counts of wire fraud along with a second defendant, 63-year-old Hamid Tabatabai....

[more]

Federal Bar Assn Program

03/02/11

STATE OF THE CIRCUIT/DISTRICT March 10, 2011 Time: 12:30 p.m. - 2:00 p.m. Registration: 12:00 p.m. Featuring Chief Judge Alex Kozinski, United States Court of Appeals, 9th Circuit Chief Judge Audrey B. Collins, United States District Court, Central District Chief...

[more]

Loehmann's Bankruptcy Ends

03/02/11

"Loehmann’s, which filed for Chapter 11 for a second time last November, emerged Tuesday from bankruptcy and will keep its three remaining Orange County stores open. Loehmann’s also announced that Joe Melvin, the retailer’s CFO and COO, assumed the interm...

[more]

Boise County to file for bankruptcy

03/02/11

"The Boise County Board of Commissioners announced Tuesday the county will file for Chapter 9 bankruptcy after losing a $4 million judgment over a proposed treatment center for teens." Read more here.

[more]

Mesa Air Group exits bankruptcy court Tuesday

03/01/11

"Mesa Air Group said Tuesday it is officially unbankrupt. Actually, what it said was that its plan of reorganization took effect Tuesday, allowing it to exit Chapter 11 bankruptcy proceedings after 14 months as a much smaller, but it hopes,...

[more]

Las Vegas gaming entity files for bankruptcy

03/01/11

"A Las Vegas company that owns slot machine patents filed for bankruptcy Monday after accumulating millions of dollars in losses and engaging in litigation with shareholders and others. Legal iGaming Inc. filed for Chapter 11 reorganization in U.S. Bankruptcy Court...

[more]

Creditors blast "pittance" bid for bankrupt Blockbuster

03/01/11

"Bankrupt Blockbuster Inc (BLOAQ.PK) plans to sell itself for a "pittance" and would be better off liquidating rather than left under the control of a hedge fund group, according to creditors of the movie-rental chain." Read more here.

[more]

Law Review Article - Chapter 11 Fees

02/27/11

What We 'Know' About Chapter 11 Cost is Wrong Stephen J. Lubben Seton Hall University - School of Law November 30, 2010 Seton Hall Public Law Research Paper No. 1718047 Abstract: Among the collective wisdom about large corporate bankruptcy cases,...

[more]

Circuit Court of Appeals Cases from Last Week

02/26/11

United States Second Circuit, 02/07/2011 DISH Network Corp. v. DBSD N. Am., Inc., No. 10-1175 Chapter 11 plan confirmed and designation of votes of DISH Network Corporation as "not in good faith" under section 1126(e) where: 1) bankruptcy court's decision...

[more]

Suspension urged for lawyer who helped Judge Thomas Porteous lie in bankruptcy

02/25/11

"An advisory panel has recommended a 30-day suspension for the New Orleans lawyer who helped federal Judge Thomas Porteous of Metairie lie his way into bankruptcy proceedings. The report comes from a Louisiana Attorney Disciplinary Board hearing committee, which essentially...

[more]