News

Feds Urge Tougher Sentence For Bankruptcy Trustee Who Embezzled - Hartford Courant

07/09/12

Michael J. Daly, 56, of West Simsbury will be sentenced Tuesday after pleading guilty in September to one count of embezzlement in which he admitted stealing $11,100 from a bankruptcy case involving Lehman Brothers. In exchange for that plea ...

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Which Assets Will A Bankruptcy Trustee Liquidate In Chapter 7? - jdsupra.com

07/09/12

When it comes to Chapter 7 bankruptcy, some of your assets will have to be liquidated to pay off your debts. These are known as your non-exempt assets and usually comprises of assets that are deemed non-essential which includes your extra car and second home.

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Dewey Docket: Fighting Over the Bones - Wall Street Journal

07/09/12

headed by bankruptcy lawyer Albert Togut, negotiates a settlement with former partners over money they were paid in the months leading up to the Chapter 11 filing. (Some more news may emerge on that front on Wednesday, when ex-partners are ...

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Springs concrete contractor seeks bankruptcy protection - Colorado Springs Gazette

07/09/12

Gianarelli and his wife also sought bankruptcy court protection from their creditors and have asked the court to administer the company and personal cases jointly; a hearing on that request is scheduled for Tuesday. “We are suffering from what is going o ...

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Dewey Docket: Fighting Over the Bones - Wall Street Journal

07/09/12

In a 32-page filing last week, the Dewey estate argued that the multiple law firms and consultants would each be working on discrete pieces of the liquidation, and that the lenders whose cash is now funding the bankruptcy process had been ...

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Wake bankruptcies lowest since 2008 - The Business Journal

07/09/12

As usual, the vast majority – 167 – were individual debtors filing under chapters 7 and 13. Three filed under Chapter 11, and two were previously reported by TBJ: a limited liability company that owns space in Raleigh’s 510 Glenwood ...

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As Georgia Bank Closes, Financial Failure is Declining - Yahoo Finance

07/09/12

Bankruptcy filings are down ... In the first 27 weeks of this year, 32 banks with a combined $7.88 billion in assets failed. That's high by historical standards. But for comparison's sake, in the first 27 weeks of 2011, 51 banks with a combined ...

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144 withdraw Fund contributions - Saipan Tribune

07/09/12

Worse, the number of members withdrawing their contributions is expected to increase after the Fund's bankruptcy case is resolved. NMI Retirement Fund administrator Richard Villagomez told Saipan Tribune yesterday that the agency recorded 144 ...

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Talks continue between American Airlines, flight attendants - The Business Journal

07/09/12

The judge in American’s bankruptcy case has granted more time for American and its employee unions to settle on new contracts before he rules on American’s motion to reject its existing contracts. "We still believe that reaching a consensual ...

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Carl Marks Advisory Group Advises PJ Finance's Unsecured Creditors Committee To Achieve "Par" Recovery - Yahoo Finance

07/09/12

NEW YORK, July 9, 2012 /PRNewswire/ -- PJ Finance Company LLC, owner of 32 apartment complexes with nearly 10,000 units located in major metropolitan areas throughout the Sunbelt region, has successfully completed a Chapter 11 plan of reorganization. 

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