BankruptcyProfBlog

Judge rejects Las Vegas Monorail budget plan

11/21/11

"A federal judge has rejected the Las Vegas Monorail's plan for financial solvency. The Las Vegas Review-Journal reports that U.S. Bankruptcy Court Judge Bruce Markell rejected Friday the monorail's plan to exit Chapter 11 bankruptcy because the terms 'doom it...

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Jefferson County bankruptcy: Sewer receiver John Young's role to be focus of hearing today

11/21/11

"The pivotal arguments on court-appointed receiver John S. Young's future are set for today in Jefferson County's bankruptcy case, arguments some legal experts say are eventually destined for the U.S. Supreme Court." Read more here.

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Dallas Stars win OK for bankruptcy plan, team sale

11/19/11

"The Dallas Stars hockey team won court approval of its bankruptcy reorganization, clearing the way for the team to be sold for $265 million to Vancouver businessman Tom Gaglardi. U.S. Bankruptcy Judge Peter Walsh approved the plan at a hearing...

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Fox seeks immediate dismissal of Dodgers from bankruptcy

11/19/11

"Fox Sports on Friday asked that the Dodgers be discharged from bankruptcy immediately, saying that owner Frank McCourt need not pursue a plan to market the team's television rights because he can repay his creditors in full now by selling...

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Bankrupt flywheel maker Beacon to sell plant to pay back DOE

11/19/11

"Beacon Power, the flywheel maker that filed for bankruptcy last month after winning a $43 million loan guarantee from the Department of Energy, announced on Saturday that it plans to sell its 20 MW flywheel plant in Stephentown, New York,...

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Procedures for Judge Bason (Los Angeles)

11/17/11

United States Bankruptcy Court - Central District of California Edward R. Roybal Federal Building and Courthouse Download Bason_Procedures

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General Maritime Files Bankruptcy With $1.4 Billion in Debt

11/17/11

"General Maritime Corp., the second- largest U.S. owner of oil tankers, filed for bankruptcy protection from creditors after falling oil demand and a surplus of ships led to two years of losses. The New York-based company listed assets of $1.71...

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Insolvency Law Committee eBulletin

11/16/11

November 16, 2011 Dear Insolvency Law Committee Constituency List members: The purpose of this eBulletin is to provide analysis concerning substantial amendments to the Federal Rules of Bankruptcy Procedure (“FRBP”). In February 2010, the Insolvency Law Committee (“ILC”) submitted comments...

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Jefferson County Judge Known for ‘Rule-From-the-Bench' Style

11/15/11

"Thomas B. Bennett, the Birmingham, Alabama-based judge overseeing the biggest U.S. municipal bankruptcy, comes to court ready to rule, said attorneys who have appeared before him in his 16 years on the federal bench. Bennett, chief bankruptcy judge for the...

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