Bankruptcy Blogs

Federal Bar Assn Program

03/02/11

STATE OF THE CIRCUIT/DISTRICT March 10, 2011 Time: 12:30 p.m. - 2:00 p.m. Registration: 12:00 p.m. Featuring Chief Judge Alex Kozinski, United States Court of Appeals, 9th Circuit Chief Judge Audrey B. Collins, United States District Court, Central District Chief...

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Gas City Owner Looks To Sell Creamery Ice Cream Chain To Son

03/02/11

Kids love to beg their parents for ice cream. But William A. McEnery, whose father owns a chain of gas stations and ice cream parlors, is taking that a step further. He’s offering to buy the ice cream parlors for nearly $3 million out of the bankruptcy of his father’s company.

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Loehmann's Bankruptcy Ends

03/02/11

"Loehmann’s, which filed for Chapter 11 for a second time last November, emerged Tuesday from bankruptcy and will keep its three remaining Orange County stores open. Loehmann’s also announced that Joe Melvin, the retailer’s CFO and COO, assumed the interm...

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Boise County to file for bankruptcy

03/02/11

"The Boise County Board of Commissioners announced Tuesday the county will file for Chapter 9 bankruptcy after losing a $4 million judgment over a proposed treatment center for teens." Read more here.

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The Dog That Didn't Bark - Second Circuit's Opinion in DBSD North America Disallows Gifting, But Is Silent on Cramdown of Secured Creditor

03/02/11

As discussed in previous posts on this site, back in December the Second Circuit Court of Appeals issued a summary order that reversed the bankruptcy court’s confirmation of the reorganization plan (the “Plan”) of DBSD North America, f/k/a ICO North America (“DBSD&rdqu

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The Dog That Didn't Bark - Second Circuit's Opinion in DBSD North America Disallows Gifting, But Is Silent on Cramdown of Secured Creditor

03/02/11

As discussed in previous posts on this site, back in December the Second Circuit Court of Appeals issued a summary order that reversed the bankruptcy court’s confirmation of the reorganization plan (the “Plan”) of DBSD North America, f/k/a ICO North America (“DBSD&rdqu

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The Daily Docket: Creditors Blast Blockbuster Sale

03/02/11

Unsecured creditors of Blockbuster Inc. are calling for the company’s bankruptcy case to be converted to a Chapter 7 liquidation from Chapter 11 unless significant changes are made to the movie-rental chain’s plans to sell itself to a group of senior noteholders. Read the Daily Bankruptcy Review story here.

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Will Filing Bankruptcy Remove a Valid Lien?

03/02/11

The general answer is that bankruptcy filing, in and of itself, does not remove a valid lien. However, there are actions that can be taken before the court to remove a valid lien in some circumstances. For example, let’s say that a judgment creditor has filed a lien against a debtor’s home. That lien will remain despite the fact that the debt was technically discharged by the bankruptcy filing. This points out the difference between a debt and a lien. The debt is eliminated, however, the lien remains.

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