Bankruptcy Blogs

Round Table wraps up restructuring, emerges from bankruptcy

12/19/11

"Round Table Pizza Inc. said Friday it is expected to emerge from bankruptcy next week. The company filed for Chapter 11 protection in February with the U.S. Bankruptcy Court in Oakland. Its reorganization plan was approved Dec. 12." Read more...

[more]

Scottsdale Owners of 54 Arby's File for Chapter 11 Bankruptcy

12/19/11

​"The slogan 'It's Good Mood Food' doesn't appear to be case with several Arby's restaurants in Arizona. In fact, the mood's downright depressing. The Republic reports three related Scottsdale limited-liability companies, all led by Scottsdale businessman Charles Harmon, that operate...

[more]

Scottsdale Owners of 54 Arby's File for Chapter 11 Bankruptcy

12/19/11

​"The slogan 'It's Good Mood Food' doesn't appear to be case with several Arby's restaurants in Arizona. In fact, the mood's downright depressing. The Republic reports three related Scottsdale limited-liability companies, all led by Scottsdale businessman Charles Harmon, that operate...

[more]

Blog of the Day: Whose Job Is It to Punish Wamu Execs?

12/19/11

The FDIC's job in this instance is simply to recover as much taxpayer money as possible from a bank failure, not to right the scales of justice, a D&O insurance lawyer says.

[more]

Dodgers Seek to Settle Dispute Over Injured Pitcher

12/19/11

A retired Los Angeles Dodgers pitcher is at the center of a $3 million dispute between the Major League Baseball team and insurance giant Hartford Life Insurance Co.

[more]

It's a Miserable Bank

12/19/11

There are so few movies where the protagonist is a banker, that I am loathe to point out that if George Bailey were a banker today, the FDIC would be suing him for negligent management.

[more]

Revamping the Advanced Bankruptcy Class

12/19/11

Thanks, Bob, for welcoming me back. I'd like to start with a quick poll. Credit Slips readers, off the top of your head, what short writings (say 5 pages or fewer) should law students be doing that would be directly relevant to business bankruptcy practice? They can be related to business cases of any size, and can be litigation, counseling, or transactionally oriented. If you'd prefer to write me directly than to comment below, I welcome your thoughts at [email protected].

[more]

The Daily Docket: Saab Story

12/19/11

Cash-strapped Swedish car maker Saab Automobile declared itself bankrupt Monday, nine months after halting production due to a lack of funds. Read The Wall Street Journal story here.

[more]

Court Liberalizes Homestead Exemption For Foreign Debtors Living In Florida Properties

12/19/11

Florida's  homestead exemption seems simple, but in some respects the exemption involves complicated legal issues. One such issue is the relationship between the Florida homestead protection and a debtor’s status under U.S. immigration laws. There are many bankruptcy cases were a debtor’s immigration status disqualified him from a bankruptcy homestead exemption because the debtor had not yet achieved the legal right under our immigration laws to reside permanently in the U.S. and Florida.

[more]

Court Liberalizes Homestead Exemption For Foreign Debtors Living In Florida Properties

12/19/11

Florida's  homestead exemption seems simple, but in some respects the exemption involves complicated legal issues. One such issue is the relationship between the Florida homestead protection and a debtor’s status under U.S. immigration laws. There are many bankruptcy cases were a debtor’s immigration status disqualified him from a bankruptcy homestead exemption because the debtor had not yet achieved the legal right under our immigration laws to reside permanently in the U.S. and Florida.

[more]