News

Judge OKs Tribune Co. exit from bankruptcy - Hartford Courant

07/13/12

The explosion of litigation in the Tribune Co. case has led many to criticize a bankruptcy system that has become increasingly dominated by distressed debt investment funds like Aurelius and many others that purchase a bankrupt company's debt on ...

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San Bernardino Bankruptcy: Sheriff, DA Investigating City - Huffington Post

07/13/12

That could exempt San Bernardino from a 60-day mediation period required under state law prior to a Chapter 9 bankruptcy filing. In the meantime, city officials are preparing a short-term budget to continue operations. Penman could file for ...

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Tribune Says Judge Clears Path to Exit Chapter 11 - Wall Street Journal

07/13/12

Tribune Co. said a judge late Friday cleared the way for it to emerge from bankruptcy protection, handing the media conglomerate to creditors and capping a turbulent three-and-a-half year trip under Chapter 11 protection. Before it formally ...

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End of Bankruptcy for Tribune Co. - New York Times

07/13/12

The Tribune Company won court approval on Friday to emerge from Chapter 11 bankruptcy protection, more than four years after a leveraged buyout left it with unsustainable debt. Judge Kevin J. Carey of United States Bankruptcy Court in Wilmington ...

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Grim irony amid bankruptcy charade - Financial Times

07/13/12

Mooney. Sir, Jamie Smyth’s article on bankruptcy tourism from Ireland to Britain (“Irish act on ‘bankruptcy tourism’ ”, July 7) spared your readers details of the havoc that some of those featured have inflicted, at both a national and an ...

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Kaney Foods files for bankruptcy protection - San Luis Obispo Tribune

07/13/12

AMK Foodservices Inc., known as Kaney Foods, filed for Chapter 11 bankruptcy reorganization July 10 to protect the company from creditors while it works out a way to repay its debts. It will continue to operate. The bankruptcy petition was filed ...

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New Chapter 11 Case Alert: Valence Technology, Inc. $VLNC - jdsupra.com

07/13/12

Valence Technology, Inc., a developer and manufacturer of proprietary phosphate-based lithium ion batteries, voluntarily filed for bankruptcy protection in Texas. A copy of the petition is available from a link below, but here is a summary of some of the ...

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Nashville rapper sentenced to prison on weapons charges - msnbc.com

07/13/12

In December, a U.S. Bankruptcy Court judge in Nashville converted the rapper's bankruptcy case from a Chapter 11 reorganization to a Chapter 7 liquidation. The trustee administering his estate said she planned to sell the trademarked "Young Buck ...

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Lenny Dykstra pleads guilty to bankruptcy fraud, could get 20 years - Los Angeles Times

07/13/12

He admitted that he filed a bankruptcy case in 2009 and later lied about taking and selling items that were part of the bankruptcy estate. Dykstra admitted lying about whether he had taken and sold items from the $18-million Sherwood Estates ...

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