Bankruptcy Blogs

New York City School-Bus Operator Files for Bankruptcy

07/13/11

School-bus operator USA United Fleet Inc.—one of the biggest providers of transportation for New York City’s public-school children—turned to bankruptcy court for a little breathing room after hitting a series of financial potholes.

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Cars Owned By Rock & Republic Founder Drive Toward Auction Block

07/13/11

Interested in a luxury car with some history?

A rare, vintage Mustang or high-class, high-speed Aston Martin, which have gone from the founder of pricey denim maker Rock & Republic to the center of a bankruptcy-court battle to an auction block, could be yours, if you make a winning bid later this month.

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The Daily Docket: Freddie Balks At $1.6B Taylor Bean, BofA Deal

07/13/11

Freddie Mac is seeking to put the brakes on a recently proposed $1.6 billion settlement involving the bankruptcy estate of Taylor, Bean & Whitaker Mortgage Corp. and Bank of America over assets tangled up in the massive fraud at the disgraced mortgage lender. Read the Daily Bankruptcy Review story here.

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LAW CLERK, EXTERN AND IEBF RECEPTION

07/12/11

To my Colleagues that practice in Riverside: A college of lawyers and others dedicated to the study of bankruptcy and insolvency PLEASE JOIN US FOR HORS D'OEUVRES WITH THE LAW CLERKS AND EXTERNS FROM THE UNITED STATES BANKRUPTCY COURT (RIVERSIDE...

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Set Capital Levels That Won't Wipe Out Banks' Thin Profit Margins

07/12/11

Raising capital requirements too high will push banks to take greater risks or function as utilities.

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Fourth Circuit Affirms Bankruptcy Court Finding that LandAmerica Employees’ Severance Benefit Plan Claims Entitled to Priority Under Bankruptcy Code Section 507(a)(4)

07/12/11

In an opinion dated July 6, 2011 (a copy of the opinion is embedded below), the Fourth Circuit Court of Appeals affirmed a decision of Bankruptcy Judge Kevin R. Huennekens of the United States Bankruptcy Court for the Eastern District of Virginia. In the opinion (captioned Bruce H. Matson, Trustee of the LandAmerica Financial Group, Incorporated [...]

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Is Netflix’s Value Too High? (WSJ Video)

07/12/11

Summary: MarketWatch reporter Rex Crum looks at the valuation of Netflix, whose stock price has recently topped $300 per share. He looks at the brand quality, competition and growth.   View the video on our blog: http://blog.ch11cases.com/2011/07/is-netflixs-value-too-high-wsj-video.html

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Euro Hammered Following Uncertainty (WSJ Video)

07/12/11

Summary: The euro is getting hammered after European finance ministers issued a vague statement that did not reassure global market watchers, Dow Jones Newswires’s Katie Martin reports.   View the video on our blog: http://blog.ch11cases.com/2011/07/euro-hammered-following-uncertainty-wsj.html

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Small Businesses Paint Bleak Jobs Picture (WSJ Video)

07/12/11

Summary: A survey of small business owners shows a lack of confidence in the U.S. economy. More than two-thirds indicated they do not plan to add payrolls in 2011 or 2012. WSJ’s Siobhan Hughes reports.   View the video on our blog: http://blog.ch11cases.com/2011/07/small-businesses-paint-bleak-jobs.html

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Will the EU Let Greece Default? (WSJ Video)

07/12/11

Summary: EU President Herman Van Rompuy called a meeting of top policy makers to discuss plans for a second bailout package for Greece. Katie Martin discusses whether the EU will let Greece default this time around and whether Spain or Italy could be next?   View the video on our blog: http://blog.ch11cases.com/2011/07/will-eu-let-greece-default-wsj-video.html

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