Liquidation

On April 9, 2012, Judge Stuart M. Bernstein of the U.S. Bankruptcy Court for the Southern District of New York held that an oversecured creditor in a single asset real estate case was entitled to receive prepetition and postpetition interest at the ...

This week on The Broke and the Beautiful, “Octomom” Nadya Suleman hatches a Chapter 7 bankruptcy petition, and Sonya Dakar has taken both her skincare company and herself to bankruptcy court. Also this week, the Los Angeles Dodgers sale is complete.

Suleman is filing Chapter 7 bankruptcy, which means a court-appointed trustee would liquidate her assets to pay off creditors before she is discharged from most of her debts. Among others, Suleman owes money to her father, the city's water ...

The bankruptcy might give Suleman a fresh start, but the filing means that her creditors — which include a Christian school and her own father — are out of luck.  Suleman filed for Chapter 7 bankruptcy, in which a debtor’s assets are ...

Hawker Beechcraft filed for bankruptcy protection Thursday in the latest blow to Wichita's beleaguered aircraft industry, with the company saying it had reached an agreement with many creditors on a plan to restructure its debt. Hawker Beechcraft ...