News

Macomb County, MI - Short Sales, Foreclosures and Bankruptcy - PRLog (free press release)

06/18/12

Today I received an email from ... I'll call him John, who just can't seem to understand why a short sale is better for him than just walking away and letting the bank foreclose. John was current on house payments but his lender wouldn't consider doing a ...

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Flight 3407 families call for lawsuits to continue - Buffalo News

06/18/12

... a bankruptcy court judge to allow their wrongful death lawsuits to move forward despite Pinnacle Airlines' bankruptcy case. The families filed court papers in Manhattan federal court arguing that the mandatory stay on outstanding lawsuits ...

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UPDATE: In Win for Buffett, Judge Approves Examiner in ResCap Bankruptcy - NASDAQ

06/18/12

Examiner will be named by Justice Department's Federal bankruptcy watchdog. --ResCap filed for bankruptcy May 14. --Berkshire Hathaway is bidding against Nationstar for ResCap mortgage assets. (Adds new details from hearing throughout ...

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Lehman creditors end demand for Geithner testimony - Reuters

06/18/12

While the lawsuit is still pending, JPMorgan in February 2012 agreed to drop a $699.2 million bankruptcy claim. The case is Official Committee of Unsecured Creditors of Lehman Brothers Holdings Inc v. Geithner, U.S. District Court, District of ...

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Judge Approves Examiner in ResCap Bankruptcy - NASDAQ

06/18/12

Examiner will be named by Justice Department's Federal bankruptcy watchdog. --ResCap filed for bankruptcy May 14. --Berkshire Hathaway is bidding against Nationstar for ResCap mortgage assets. In what may have been the most highly attended New ...

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Jeffrey Court Unveils its Newest Tile Collection; Chapter 11 - Align - Yahoo Finance

06/18/12

NORCO, Calif., June 18, 2012 /PRNewswire/ -- Jeffrey Court, the California Tile Maker introduces its latest offering in Chapter 11, Align, to the designer/dealer network. With clean, simple lines and a monochromatic color scheme, Align offers a ...

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United States: Supreme Court Makes The "Easy Case" For Credit Bidding In Bankruptcy Plans Of Reorganization - Mondaq

06/18/12

The recently decided case of RadLAX Gateway Hotel, LLC v. Amalgamated Bank, 566 U.S. ____ (2012), puts to rest a conflict among the Third, Fifth, and Seventh Circuits as to the right of secured creditors to credit bid at a proposed sale of their collateral ...

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Bankruptcy Made Us Stronger, Teresa Giudice Says - Wall Street Journal

06/18/12

“Going through this bankruptcy, if anything, made us stronger,” she continued. “It didn’t break us.” Krindel explained that because Teresa Giudice and husband Joe Giudice filed a joint petition, the filings have to be discharged separatel

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Ex-Detroit Mayor Kwame Kilpatrick's sister files for bankruptcy - ClickOnDetroit.com

06/18/12

The sister of ex-Detroit Mayor Kwame Kilpatrick has filed for bankruptcy. Ayanna Kilpatrick's bankruptcy filing claims she owes $345,000 and monthly expenses of more than $3,900. She filed for bankruptcy this past week. Kwame Kilpatrick faced ...

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ResCap Judge Approves Probe Into Pre-Bankruptcy Deals - Bloomberg

06/18/12

The judge overseeing Residential Capital LLC’s bankruptcy case approved a probe of deals the mortgage company cut with parent Ally Financial Inc. (ALLY) and others before it sought court protection from creditors. U.S. Bankruptcy Judge Martin ...

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