Bankruptcy Blogs

Equity Committee Appointed in HearUSA Bankruptcy Case

06/27/11

The United States Trustee filed a bankruptcy court notice last Wednesday in the HearUSA, Inc. chapter 11 case.  In the notice, the U.S. Trustee disclosed that it has appointed an Official Committee of Equity Security Holders in the bankruptcy cases.  The members include two individual investors and three institutions: Arcadia Opportunity Master Fund, Ltd.; Sherleigh Associates Inc., [...]

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Garlock Sealing Technologies Seeks Approval of Voluntary Severance Program for Certain Unionized Employees in Palmyra, New York

06/27/11

Last week, related companies Garlock Sealing Technologies LLC, Garrison Litigation Management Group, Ltd. and The Anchor Packing Company asked the bankruptcy court in Charlotte, North Carolina to approve an “exit incentive” or voluntary severance program for certain unionized employees.  The companies, which are affiliates of EnPro Industries(NYSE: NPO), are “the acknowledged global leader in high-performance fluid sealing [...]

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Bankruptcy Tweets for June 2011 - Part IV

06/27/11

First, many thanks to the 1,700 unique visitors who viewed 3,000 web pages this past week (mostly my two posts on Stern v.

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Bankruptcy Tweets for June 2011 - Part IV

06/27/11

First, many thanks to the 1,700 unique visitors who viewed 3,000 web pages this past week (mostly my two posts on Stern v.

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Why Have Bankruptcy Filings Gone Down?

06/27/11

chart of filings nationally Fewer people have filed bankruptcy petitions so far in 2011 than they did in 2010.  Last year there were over 1.5 million bankruptcies filed in the United States.  In the first quarter of 2011 there were 6% fewer cases filed than there were in the first quarter last year.  In March [...]

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Defiant Texas Congressman Ruben Hinojosa fights efforts to unseal his bankruptcy petition

06/26/11

When Texas Congressman Ruben Hinojosa, who represents the 15th District which goes from McAllen at the Mexican border through Corpus Christi and up to Victoria, voted for the bankruptcy reform bill BAPCPA in 2005, little did he know that he would be subject to its provisions himself. Congressman Hinojosa whose family business has a loan [...]

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Eleventh Circuit Affirms Private Employer's Right to Deny Employment Because Of Bankruptcy Filing

06/26/11

The Eleventh Circuit Court of Appeals has followed other courts (notably, the Fifth Circuit, as discussed here) in affirming the right of a private employer to deny employment based upon the applicant's filing of a bankruptcy petition.

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Eleventh Circuit Affirms Private Employer's Right to Deny Employment Because Of Bankruptcy Filing

06/26/11

The Eleventh Circuit Court of Appeals has followed other courts (notably, the Fifth Circuit, as discussed here) in affirming the right of a private employer to deny employment based upon the applicant's filing of a bankruptcy petition.

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Switching Foreclosure Rules in the Middle of the Game

06/25/11

Yves Smith has an interesting post up on Naked Capitalism about Florida Governor Rick Scott suggesting that Florida could switch from judicial to nonjudicial foreclosures as a way to solve its foreclosure overload.

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