Bankruptcy Blogs

A bankruptcy judge ordered a trustee to take control of a stalled Las Vegas-area development, Denmark seized control of failing bank Amagerbanken A/S and Deal Journal looks at Dan Snyder's lawsuit against Washington City Paper.

Introduction

In January of this year, George L. Miller, the chapter 7 trustee (the "Trustee") in the WL Homes bankruptcy, began filing avoidance actions against various creditors.  As alleged in the complaints, the Trustee seeks the recovery of what he deems are "preferential transfers" pursuant to 11 U.S.C. section 547(b) of the Bankruptcy Code.  This post will look briefly at the WL Homes bankruptcy, as well as provide information on common issues that arise in preference litigation.

Summit Distribution, the distributor of the vampire films in "The Twilight Saga," said Blockbuster Inc. hasn’t been paying for its copies of the series' latest installment.

Bettina Whyte, who recently joined turnaround firm Alvarez & Marsal as a managing director and senior adviser, built her reputation as a leader in the industry by facing off against oil barons and corporate executives in the wilds of “rough [and] tumble West Texas.”