News

Understanding Bankruptcy: Initiation and Consultation - jdsupra.com

07/05/12

Speak freely and disclose everything as one tiny detail omitted could impact the outcome of your case. As the debtor, you play an active role in your bankruptcy case and just as you rely on your lawyer, your lawyer relies on you to communicate all ...

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Weil Gotshal's Lehman Fees: $430 Million-Plus - Wall Street Journal

07/05/12

The law firm of Weil, Gotshal & Manges LLP stands to earn more than $430 million for leading Lehman Brothers Holdings Inc. through the biggest Chapter 11 bankruptcy case ever. Weil Gotshal filed papers Tuesday asking the U.S. Bankruptcy Court in ...

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Bankruptcy filings fall 14%, on track for pre-2008 levels - Los Angeles Times

07/05/12

Gerdano, executive director of the bankruptcy institute, in a statement. Major bankruptcies so far this year include filings from Eastman Kodak Co., Mammoth Lakes and “Curious George” publisher Houghton Mifflin Harcourt. In Nevada ...

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Regulation FD Disclosure, Financial Statements and Exhibits - Yahoo! Finance

07/05/12

As also previously disclosed, on June 18, 2012, the Plan Proponents filed a Modified Third Amended Chapter 11 Plan of Reorganization (the "Modified Third Amended Plan") and a related disclosure statement (the "Disclosure Statement") with the Bankruptcy Court.

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Rothstein settlements: Miami Heat, Braman Motors - The Business Journal

07/05/12

The RRA bankruptcy trustee sued the Heat for $156,000 in October 2011. However, the Heat and its affiliate company Basketball Properties Ltd. also filed a claim for losses in the bankruptcy of $3 million. I hadn’t heard about The Heat actually ...

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Wife of multi-millionaire accountant claims her husband 'faked bankruptcy to dodge divorce payout' - Daily Mail

07/05/12

He told the judges: 'The husband has relied in his bankruptcy on at least £1.9million of sham debts allegedly owed by the husband to his own son, Raziz Rehan (from a previous marriage), and two friends. 'It is the wife’s case that most, if not all ...

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U.S. bankruptcies on pace to fall to pre-2008 level - Reuters

07/05/12

(Reuters) - The number of U.S. businesses and consumers filing for bankruptcy fell 14 percent in the first half of 2012 and could end the year at the lowest level since before the 2008 financial crisis, according to data released on Thursday.

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Remaining Dewey Staff Could Get $700,000 in Bonuses - Wall Street Journal

07/05/12

Dewey was owed some $217 million in outstanding legal fees at the time of its bankruptcy filing, an important asset for creditors owed more than $345 million. (Who needs to make good on their legal bills? Law Blog has the answer here.)

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Parker: We’re okay with the American Airlines delay - Dallas Morning News (blog)

07/05/12

In a July 4 message sent to employees, US Airways chairman and CEO Doug Parker said the carrier’s pursuit of American Airlines isn’t hurt by a delay in American’s bankruptcy case, and US Airways is okay with the delay. Here’s what he put out to ...

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'Grudge' producer to file for bankruptcy - Variety

07/05/12

The amount of debt and the date of official bankruptcy filing have not yet been announced. According to a report by the Bunka Tsushin news service, Ichise does not even have the funds needed to apply for legal liquidation for the company, which launched in ...

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