News

The Daily Docket: Investors Appeal Tribune Plan - Wall Street Journal

07/25/12

Investors that wound up at the bottom of the payment pileup in Tribune Co.’s bankruptcy raced to appeal a Monday order confirming the media company’s Chapter 11 plan. Read the Daily Bankruptcy Review article here. (Daily Bankruptcy Review ...

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Bergstein, Tutor Lose Appeal in Bankruptcy Case - YAHOO!

07/25/12

David Bergstein and Ronald Tutor have lost a round in their legal battle over the involuntary bankruptcy of five companies that Bergstein once controlled, including Capitol, ThinkFilm and their holding company R2D2. A federal appeals court on Thursday ...

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Did Mitt Romney get a ‘bailout’ for Bain & Company? - Washington Post

07/25/12

He certainly had a stake in the outcome, in part because the Bain brand name would be damaged by a bankruptcy and because Bain ... assets is the receiver’s responsibility, and litigation expenses can very rapidly consume any funds recovered ...

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Near-bankrupt San Bernardino targets bonds, retiree health - YAHOO!

07/25/12

In the past few weeks, it has declared a fiscal emergency and begun preparing for a bankruptcy filing, revealing a $45.8 million shortfall for the budget year that began this month. The timing of the proposal to suspend debt payments surprised ...

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University Study Finds Bankruptcy Filings Down 14% in First Half of 2012 - YAHOO!

07/25/12

As the "great recession" rumbles along, bankruptcy filings are down substantially in the first half of 2012. On the surface, this seems like the economic downturn is reversing, however, the opposite may be true. Frank Pipitone comments on a ...

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Toklan Oil and Gas files for Chapter 11 protection - Tulsa World

07/25/12

A California bank failure and real estate development gone bad started a domino effect that has sent a 52-year-old Tulsa energy company into Chapter 11 bankruptcy protection. Tulsa-based Toklan Oil & Gas Corp. is the victim of West Coast banking ...

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Toklan Oil and Gas files for Chapter 11 protection - Tulsa World

07/25/12

A California bank failure and real estate development gone bad started a domino effect that has sent a 52-year-old Tulsa energy company into Chapter 11 bankruptcy protection. Tulsa-based Toklan Oil & Gas Corp. is the victim of West Coast banking ...

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The Role of the Trustee in Consumer Bankruptcies - 24-7PressRelease.com

07/25/12

Are you considering bankruptcy? Learn more about the bankruptcy trustee, one of the central figures in any bankruptcy case. July 25, 2012 /24-7PressRelease/-- You probably have a general understanding of bankruptcy as a debt relief option for struggling consumers.

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University Study Finds Bankruptcy Filings Down 14% in First Half of 2012 - PRWeb

07/25/12

As the "great recession" rumbles along, bankruptcy filings are down substantially in the first half of 2012. On the surface, this seems like the economic downturn is reversing, however, the opposite may be true. Frank Pipitone comments on a recent study ...

[more]

Miami, OK, make of plastic gas cans will close July 31 - Daily Oklahoman

07/24/12

MIAMI, OK — Frivolous litigation was the spark that ignited a series of lawsuits that is causing an Ottawa County gas can maker to close, said Rocky Flick, CEO of Blitz U.S.A. Blitz U.S.A./F3 Brands in Miami filed for Chapter 11 bankruptcy Nov. 9.

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