Bankruptcy Blogs

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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Soured on Saurman

11/18/11

Elected justice moves swiftly. The Michigan Supreme Court handed down its opinion in Residential Funding Co. v. Saurman on Wednesday, a couple of weeks after oral argument. They were in a rush to get the opinion out, it seems. Unfortunately, it's a terrible opinion.

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The Heirs of Karl Lleywellyn: the PEB Report, Green Cheese, and the Hijacking of American Law (Part III)

11/18/11

As I noted in the previous posts on this thread (here and here), I think the Permanent Editorial Board for the UCC's

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The Heirs of Karl Lleywellyn: the PEB Report, Green Cheese, and the Hijacking of American Law (Part I)

11/18/11

This last week the Permanent Editorial Board of the Uniform Commercial Code came out with a report bering the none-too-thrilling title of "Report on Application of the Uniform Commercial Code to Selected Issues Related to Mortgage Notes". There's an awful lot to say about this awful document, and I'm not going to attempt to cover it all in a single blog post.

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Can I Pay Back Debts After Filing for Bankruptcy?

11/18/11

Paying back debts after bankruptcy Filing for bankruptcy eliminates your personal liability for debts. Once you receive the discharge order from the court none of your creditors can come after you for what you previously owed. This is the law, creditors who attempt to collect debts that have been discharged through bankruptcy will find themselves [...]

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What are the Tax Consequences of Not Filing for Bankruptcy?

11/18/11

Debts discharged in bankruptcy do not trigger tax liability Most everyone knows that filing for bankruptcy eliminates credit card debt, medical bills and other unsecured loans. However, a significant benefit of filing, that is rarely discussed, are the tax benefits that result when the bankruptcy discharge is issued. The IRS treats canceled debt as income [...]

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Mrs. Fields Baking Up Restructuring

11/18/11

Cookie maker Mrs. Fields is working to cook up a restructuring deal to avoid its second bankruptcy, Bloomberg reported Friday.

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Changing Times Call for New Ways to Assess Bank Credit

11/18/11

S&P is placing greater emphasis on the country where a bank operates. We believe capital is at most neutral to a slight weakness for the ratings in the U.S. and Europe.

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Zoo: Festival of Flight Tweet-Up

11/18/11

Once again, Twitter followers of the San Diego Zoo and Safari Park were treated to a unique backstage experience. The tweet-up was part of the larger Festival of Flight event that took place over Veteran’s Day weekend. It included interactive activities, learning booths and tons of close encounters with birds from around the world.

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