News

Bankruptcy’s SOFA: Let’s Look under the Cushions - jdsupra.com

06/27/12

The reason we kill so many trees with each bankruptcy filing is that the court requires a large amount of information. You may think that all you need to disclose is your debts and you are off to the races. However, there is going to be more required ...

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Mesa's settlement offerbetter than bankruptcy - Tri-City Herald

06/27/12

The city, as many government entities do, was trying to settle to avoid further litigation in the matter, and in the case of Mesa, potential bankruptcy if the ruling is not in its favor. The offer included $110,719 "in recognition that you were ...

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Stockton set to declare bankruptcy - Santa Rosa Press Democrat

06/27/12

Stockton was the seventh U.S. municipality to file this year and the first California city since Vallejo, which sought protection in 2008, according to James Spiotto, a Chicago bankruptcy attorney who tracks municipal bankruptcies. "Filing ...

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Lenny Dykstra agrees to plea deal in bankruptcy fraud case - The News & Observer

06/27/12

LOS ANGELES Formerbaseball star and self-styled financial guru Lenny Dykstra, already sentenced to three years in a California state prison for a car scam, has agreed to a plea deal onfederalbankruptcy fraud charges after lootinghis mansion of ...

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A Third Way Between a Bankruptcy Filing and Bailout - Wall Street Journal

06/27/12

This was the case well before the Dodd-Frank Act. Bankruptcy remains the option of first choice for the failure of a large financial company, but recent experience demonstrates the need for a workable alternative that would allow these companies ...

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A Third Way Between a Bankruptcy Filing and Bailout - Wall Street Journal

06/27/12

There are a number of key assertions that deserve clarification in your editorial "The Dodd-Frank Downgrade" (June 23). When confronting the failure of a large, complex financial institution, the Dodd-Frank Act requires that the first option is the ...

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Popular nontraded REIT puts several properties into bankruptcy - InvestmentNews

06/27/12

Chapter 11 bankruptcy protection is not uncommon in real estate, and the properties in Opportunity REIT I that are in bankruptcy protection are separate from other assets in the portfolio. But it can be ominous news for investors in a REIT that ...

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What Stockton says about muni bond market - InvestmentNews

06/27/12

Stockton, Calif.'s bankruptcy filing will allow it to get out from under mountains of debt and costly union contracts, but is not indicative of the financial health of other municipal bond borrowers around the country. “Stockton was heading in ...

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Chambers USA Recognizes Forshey Prostok Among Top Texas Bankruptcy Firms - PRLog (free press release)

06/27/12

The firm’s scope of recent and on-going representation includes business reorganizations, enforcement of creditor’s rights, leading commercial and bankruptcy-related litigation, overseeing creditor’s committees, directing workouts and closing bankruptcy acquisitions.

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Lenny Dykstra agrees to plea deal in bankruptcy fraud case - Los Angeles Times

06/27/12

Former New York Mets star and self-styled financial guru Lenny Dykstra, already sentenced to three years in state prison for a car scam, has agreed to a plea deal on federal bankruptcy fraud charges after looting his mansion of valuables as ...

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