News

Litigating factors: A lot to consider - The Wenatchee World Online

07/01/12

If your business is involved in litigation that will result in failure or bankruptcy of the other party, the attorneys’ fees provision in your contract has now become a one sided attorneys’ fees provision. In other words, if you win the ...

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Solyndra wants more time to file bankruptcy plan - Las Vegas Sun

07/01/12

A California-based solar panel manufacturer that received a half-billion dollar loan from the federal government before filing for bankruptcy protection is asking for more time to file a reorganization plan. An attorney for Solyndra LLC told a ...

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Bankruptcy May Help, Not Hurt Credit in the Long Run - 24-7PressRelease.com

07/01/12

Many people falsely believe that bankruptcy ruins credit scores. In fact, bankruptcy can allow consumers to discharge debts and restore good credit in as little as a couple of years. July 01, 2012 /24-7PressRelease/-- Many people believe that filing for ...

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Irish tycoon goes bankrupt, but its effect felt in India - Economic Times

07/01/12

In fact, the bankruptcy declared in January of Sean Quinn, who had been estimated by Forbes to have been worth $6 billion in 2008, has led to court proceedings in three cities in India. The litigation in Delhi, Hyderabad and Pune arose from an ...

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Pa. lawmakers OK longer Harrisburg bankruptcy ban - San Francisco Gate

07/01/12

(AP) — A bill designed to keep Pennsylvania's financially troubled capital out of federal bankruptcy court for five more months has the approval of the state Senate and House of Representatives. The extension barring Harrisburg from filing for bankruptcy ...

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Pa. lawmakers OK longer Harrisburg bankruptcy ban - PennLive.com

07/01/12

(AP) — A bill designed to keep Pennsylvania's financially troubled capital out of federal bankruptcy court for five more months has the approval of the state Senate and House of Representatives. The extension barring Harrisburg from filing for bankruptcy ...

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State House approves bill extending bankruptcy prohibition for Harrisburg; heads to Senate for vote - PennLive.com

06/30/12

The state Houses minutes ago approved an amendment to Pennsylvania's fiscal code that would prevent Harrisburg and other cash-strapped third-class cities from filing for bankruptcy until Nov. 30. The legislation, Senate Bill 1263, is heading to ...

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Irish tycoon goes bankrupt, but its effect felt in India - Times of India

06/30/12

In fact, the bankruptcy declared in January of Sean Quinn, who had been estimated by Forbes to have been worth $6 billion in 2008, has led to court proceedings in three cities in India. The litigation in Delhi, Hyderabad and Pune arose from an ...

[more]

Dewey Proposals to Hire Advisers Assailed by Trustee - Bloomberg

06/30/12

Law firm Dewey & LeBoeuf LLP was assailed by the U.S. trustee who supervises bankruptcies over nine proposals to hire advisers, including the law firm of Togut Segal & Segal LLP, and a six-week budget of $7 million ... in U.S. Bankruptcy Court ...

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State lawmakers expected to extend bankruptcy prohibition for Harrisburg and other fiscally distressed third-class cities - PennLive.com

06/30/12

An amendment the legislature made to the state’s fiscal code last year preventing Harrisburg from filing for Chapter 9 municipal bankruptcy protection expires tomorrow. But like last year as the state budget was adopted, lawmakers are ...

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