Bankruptcy Blogs

Mesa Air Group exits bankruptcy court Tuesday

03/01/11

"Mesa Air Group said Tuesday it is officially unbankrupt. Actually, what it said was that its plan of reorganization took effect Tuesday, allowing it to exit Chapter 11 bankruptcy proceedings after 14 months as a much smaller, but it hopes,...

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After bankruptcy, back to good credit

03/01/11


Just now got a call from Lester (not his real name) who filed Chapter 7 bankruptcy with me in July 2008. It was discharged in November 2008.

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Las Vegas gaming entity files for bankruptcy

03/01/11

"A Las Vegas company that owns slot machine patents filed for bankruptcy Monday after accumulating millions of dollars in losses and engaging in litigation with shareholders and others. Legal iGaming Inc. filed for Chapter 11 reorganization in U.S. Bankruptcy Court...

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Creditors blast "pittance" bid for bankrupt Blockbuster

03/01/11

"Bankrupt Blockbuster Inc (BLOAQ.PK) plans to sell itself for a "pittance" and would be better off liquidating rather than left under the control of a hedge fund group, according to creditors of the movie-rental chain." Read more here.

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Bankruptcy Fees Could Fund Courts During Government Shutdown

03/01/11
Getty Images

In the event of a federal government shutdown, it may be the U.S. bankruptcy courts that keep the federal judiciary humming.

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Dreier Bankruptcy Trustee Sues Over Anguilla Property

03/01/11
Associated Press
Marc Dreier

A bankruptcy trustee is suing an Anguillan developer to recover the approximately $1.5 million Marc Dreier spent on property on the Caribbean is

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The Daily Docket: Creditors Oppose Innkeepers Sale

03/01/11

A group of Innkeepers USA Trust creditors joined others in protesting Five Mile Capital Partners and Lehman Brothers Holdings Inc.’s $374.4 million bid to buy the hotel owner. Read the Daily Bankruptcy Review story here.

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The Early View from Inside the Borders GOB Sale

03/01/11
This past Saturday, I was able to combine two of my interests, books and bankruptcy, in a trip to the Borders Going Out of Business Sale. Actually, my eldest daughter demanded that I take her there. However, I was happy to indulge her and I thought it would be interesting to see what a going out of business sale looked like.
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How GSE Hearing May Affect Broader Debate

03/01/11

As Treasury Secretary Tim Geithner heads to the House Financial Services Committee this morning to testify on the White House's housing finance reform plan, observers are hoping some key questions can finally be cleared up:
1) Will Geithner express a preference for a particular approach?
2) Will House Republicans rally around an approach?
3) How much name calling will there be?

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