Bankruptcy Blogs

Investors who bought several restaurants that fueled the dining boom in Washington, D.C.’s Capitol Hill neighborhood are accusing the D.C. restaurateur who sold the eateries of sabotaging the restaurants in a scheme to take them back. And they want their scooter back, too.

Officials in charge of liquidating a pair of failed Irish banks are asking a U.S. bankruptcy judge to sign off on sales involving about EUR15 billion ($20.72 billion) in soured loans, as Ireland continues to dig out from the wreckage of its collapsed property market. The Wall Street Journal has the Daily Bankruptcy Review article here.

Receiving Wide Coverage ...

Housing's Tepid Bloom: The housing market recovery is looking a little soft these days. New home sales hit an eight-month low in March, according to Reuters, while applications for home loans also fell last week. This after the National Association of Realtors on Tuesday announced a drop in existing home sales. The latest numbers call into question the theory that the housing market was only hibernating during a tough winter, according to...

On January 17, 2014, California Governor Jerry Brown declared a “State of Emergency” in California due to the severity of drought conditions across the State.