Bankruptcy Blogs

A charity created to memorialize a New York City firefighter killed on Sept.

One question that clients often ask is what measures can be taken to reduce preferential exposure when dealing with a company that is sliding into financial insolvency.  Under Section 547 of the Bankruptcy Code, a debtor or trustee can seek to avoid and recover payments made to a vendor that provided goods or services to the debtor in the 90 days prior to the filing of bankruptcy.

Next week in New York, LightSquared will continue making the case for the approval of its $2.65 billion restructuring proposal. The plan, led by Fortress Investment Group, is being opposed by Dish Network Corp. Chairman Charlie Ergen. Mr.

The Trenton Titans, the Philadelphia Flyers’ minor league affiliate, is winding down in Chapter 7 bankruptcy after canceling its 2014 season.

The team—which filed for bankruptcy on March 11 with the U.S. Bankruptcy Court in Trenton, N.J., as Blue Line Sports LLC—claimed no assets and nearly $500,000 in debts in court documents. A Chapter 7 filing usually indicates a company’s intent to liquidate, as opposed to Chapter 11, which often means the company plans to continue operations and restructure its debt.

This week on The Broke and the Beautiful, Armand Assante says he’s the face of predatory lending, a trustee wants to dismiss Dionne Warwick’s debts, and the Trenton Titans hockey team files for bankruptcy.