Current Affairs

Dodgers File Chapter 11

06/27/11

U.S. Bankruptcy Court District of Delaware (Delaware) Bankruptcy Petition #: 11-12010-KG Assigned to: Kevin Gross Chapter 11 Voluntary Date filed: 06/27/2011 Debtor Los Angeles Dodgers LLC Dodger Stadium 1000 Elysian Park Avenue Los Angeles, CA 90012 Tax ID / EIN:...

[more]

Estate of Anna Nicole Smith loses at Supreme Court

06/23/11

"The Supreme Court ruled Thursday that a bankruptcy court incorrectly granted Anna Nicole Smith over $400 million from the estate of her oil magnate husband J. Howard Marshall. In the 5-4 decision, the nation's highest court held that the US...

[more]

Toby Maguire and others sued over poker winnings

06/22/11

" 'Spider-Man' star Tobey Maguire and other celebrities have been caught in a web of lawsuits seeking to reclaim more than $4 million won during unlicensed poker matches at upscale Beverly Hills hotels. The lawsuits were filed in March by...

[more]

Philadelphia Orchestra announces millions in gifts

06/22/11

"The Philadelphia Orchestra Association has announced an aid package worth a potential $45 million - a substantial start to its $160 million drive to help the orchestra emerge from bankruptcy and become stable. The funding, announced Wednesday, includes only $11.2...

[more]

Onetime socialite Kluge in bankruptcy protection

06/21/11

"Patricia Kluge, a onetime socialite who had entertained the rich and famous at her sprawling Virginia estate in the 1980s and later tried her hand at building up a national winemaking business, has filed for personal bankruptcy protection with her...

[more]

Bankruptcy Court Questions Naiveté of Debtor – When the Debtor’s Spouse is a Paralegal

06/20/11

Allegations in credit card company’s complaint, that Chapter 7 debtor ran up more than $3,700 in charges against her account in space of roughly one month, at time when debtor’s total unsecured credit card debt of more than $88,000 was...

[more]

Tuscaloosa Bankruptcy Attorney Charged with Bankruptcy Fraud

06/20/11

"Federal prosecutors today charged a Tuscaloosa attorney with bankruptcy fraud, announced U.S. Attorney Joyce White Vance and FBI Special Agent in Charge Patrick Maley. The one-count information filed in U.S. District Court charges DONALD DIONNE, 60, with making a false...

[more]

Trustee searching for felon's missing artwork

06/20/11

"A bankruptcy trustee is searching for 80 pieces of artwork once owned by a Dickson retirement plan manager who was sent to jail for embezzlement in the hopes of recovering money for his creditors. Former 1Point Solutions CEO Barry Stokes...

[more]

Law Committee -- Business Law Section of the State Bar of California -- Bankruptcy e-Bulletin

06/17/11

June 16, 2011 Dear Insolvency Law Committee Constituency List members: The following is an Ebulletin prepared on a case of interest by members of the Insolvency Law Committee constituency list: On April 26, 2011, the Supreme Court approved an Amendment...

[more]

Bankruptcy court rules against gay-marriage ban

06/15/11

"The country’s largest consumer bankruptcy court has sided with a gay couple seeking to file a joint bankruptcy petition, taking the extraordinary step of deciding the federal law prohibiting same-sex marriages is unconstitutional. The Los Angeles-based federal court made the...

[more]