New Cases

Lon Morris to Sell Sports Gear to Rival College

08/06/12

Texas cheerleaders, hand over your pompoms.

As if Lon Morris College’s bankruptcy hasn’t done enough to sink school spirit at the two-year institution outside Dallas, its athletic department has agreed to sell off equipment to fund the survival of the hunter-green-and-white Bearcats.

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Sibling of ‘Sideways’ Winery Files for Chapter 11

07/30/12

California’s Alma Rosa Winery is famous for its Pinot Noirs. The 2009 Mt. Eden Clone has a “cherry dropdead prettiness and a slow to reveal dark side,” according to the winery’s website. Turns out, so does Alma Rosa’s balance sheet.

The winery, owned by Richard Sanford, dubbed the father of Santa Barbara Pinot Noir and the first to plant the vine there, filed for Chapter 11 bankruptcy Friday.

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Chapter 420?

07/27/12
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Mother Earth’s Alternative Healing Cooperative Inc. is in some trouble.

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Breast Cancer Support Group to Liquidate

07/24/12

A Chicago breast-cancer charity that helped patients cope with the disease long before pink ribbons and celebrity advocates entered the picture has shut down and filed for bankruptcy liquidation.

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The Daily Docket: Appeals Court to Review Jefferson County Sewer Ruling

07/17/12

An appellate panel has agreed to hear pleas from Wall Street banks who want power restored to John Young, the sewer expert who took over Jefferson County, Ala.’s, system when its leaders got tangled in a corruption scandal but who was ousted earlier this year by the county’s bankruptcy judge. Read the Daily Bankruptcy Review article here.

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Who Is John Galt?

07/13/12

Depending upon your political views, Ayn Rand’s revolutionary character John Galt is either friend or foe. But we can offer an objective answer: he’s a debtor.

A company named for the protagonist of Rand’s 1957 novel “Atlas Shrugged” filed for Chapter 7 bankruptcy liquidation Thursday, court papers show.

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The Daily Docket: Ocala Funding Enters Bankruptcy

07/12/12

Ocala Funding LLC, the mortgage-securities unit of defunct lender Taylor, Bean & Whitaker Mortgage Corp ., filed for Chapter 11 protection Tuesday in a bid to recover more than $800 million it said Taylor Bean’s now-imprisoned leaders looted from its coffers. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Peregrine Files for Chapter 7

07/11/12

Peregrine Financial Group Inc. filed for Chapter 7 bankruptcy late Tuesday, a day after regulators alleged the brokerage misstated more than $200 million in customer accounts. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Patriot Coal Enters Chapter 11

07/10/12

Patriot Coal Corp. filed for Chapter 11 bankruptcy on Monday, becoming the largest casualty of the worst U.S. market for the power-plant fuel in decades. Read the Daily Bankruptcy Review article here.

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The Daily Docket: IndyMac Leaders to Settle Lawsuit

07/09/12

The former leaders of failed IndyMac Bancorp, including ex-Chief Executive Michael Perry, have agreed to settle a class-action securities lawsuit stemming from the bank-holding company’s collapse four years ago. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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