Current Affairs

Dodgers Judge Approves Six Days of Legal Fees, Overruling U.S. Trustee

11/08/11

"The Los Angeles Dodgers won initial court approval to pay the team’s bankruptcy lawyers fees for six days of work that had been challenged by the U.S. Trustee. U.S. Bankruptcy Judge Kevin Gross said today the work was necessary for...

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Insolvency Law Committee Constituency List -- Bankruptcy e-Bulletin

11/07/11

Bankruptcy e-Bulletin November 7, 2011 Dear Insolvency Law Committee Constituency List members: The purpose of this eBulletin is to provide information about the Office of the United States Trustee – Central District of California – Region 16’s recent implementation of...

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Bankruptcy Filings Down in Fiscal Year 2011

11/07/11

Thank you to the Hon. Scott Clarkson for giving us the lead on the following informative article from the U.S. Courts website: "Bankruptcy cases filed in federal courts for fiscal year 2011, the 12-month period ending September 30, 2011, totaled...

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Beacon Power bankrupt; had U.S. backing like Solyndra

10/31/11

"Beacon Power Corp filed for bankruptcy on Sunday, just a year after the energy storage company received a $43 million loan guarantee from a controversial Department of Energy program." Read more here.

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MF Global files for bankruptcy protection

10/31/11

"MF Global, a trader in commodities and derivatives brought down by bad bets on Europe, filed for bankruptcy protection on Monday, leaving behind more than $2 billion in debt to some of Wall Street's biggest players. The fate of MF...

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Doc Holliday’s Dentist Chair Up for Sale in Bankrupt Harrisburg

10/28/11

"Harrisburg, Pennsylvania’s capital, plans to auction off more than 8,000 relics ranging from 1900s- era rifles to wooden wagons that were meant to be part of a Wild West museum in the bankrupt city in the Northeast. Representatives of 10...

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Crystal Cathedral to be used as college campus in bankruptcy deal

10/27/11

"The Crystal Cathedral has endorsed selling its sprawling campus to a university as part of a bankruptcy reorganization plan, church officials said Wednesday. The church's board of directors has backed Chapman University's offer to buy the property if the church...

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"Dodgers owner Frank

10/25/11

"Dodgers owner Frank McCourt looted nearly $190 million from the Los Angeles team, using the money for non-baseball use in violation of Major League Baseball rules, according to Delaware bankruptcy court documents filed on Monday.... It's the first time the...

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Vucurevich In U.S. Bankruptcy Court

10/24/11

"The former owner of the Sioux Falls Storm and the now closed Ground Round restaurant appeared in Federal Bankruptcy Court this afternoon. Creditors have filed a petition for involuntary Chapter 7 bankruptcy against Kent Vucurevich." Read more here.

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Madoff trustee, firm awarded another $45.3 mln

10/24/11

"Irving Picard, the trustee seeking money for victims of Bernard Madoff's fraud, and his law firm were awarded another $45.3 million of fees by the judge overseeing the liquidation of the imprisoned Ponzi schemer's investment advisory firm. In an order...

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