News

Court appoints examiner in Rescap bankruptcy - Reuters

06/18/12

Judges have previously appointed examiners in bankruptcy cases such as Lehman Brothers Holdings Inc and Dynegy Holdings, a unit Dynegy Inc. ResCap, the mortgage unit of Ally Financial, the former in-house financing arm of General Motors Co ...

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Courts See Increase in Bankruptcy Filing Abuse by Non-lawyers - The BLT: Blog of Legal Times

06/18/12

There has been an increase in the number of complaints against non-lawyers preparing bankruptcy filings for a fee, according to a report the Administrative Office of the U.S. Courts released Monday. Federal law allows bankruptcy filers to use an ...

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Ayanna Kilpatrick files for bankruptcy - Detroit Free Press

06/18/12

Ex-mayor Kwame Kilpatrick's sister has filed Chapter 7 bankruptcy, owing more than $345,000 to numerous creditors -- including Nordstrom, Macy's, Discover and DTE -- and more than $54,000 in back taxes to the government, according to records ...

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Solar Firm NovaSolar Files for Chapter 11 Bankruptcy - Businessweek

06/18/12

NovaSolar Inc., the thin-film solar manufacturer that was created from the management and technology of failed solar firm OptiSolar, filed for Chapter 11 bankruptcy Friday. Hayward, California-based OptiSolar, which was founded in 2006 by one ...

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Law center employs zero lawyers - Minneapolis Star Tribune

06/18/12

But in a U.S. Bankruptcy Court action that seeks to stop Jonak from accepting fees in connection with bankruptcy cases, providing legal advice or representing that he can refer customers to lawyers, former customers testified about confusion and ...

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The Purpose of Bankruptcy - jdsupra.com

06/18/12

But the flip side of this is that bankruptcy is also designed to protect your assets i.e. prevent them from being sold to pay off your debts. Both Chapter 7 and Chapter 13 bankruptcy are for this purpose. Chapter 13 bankruptcy is where you pay off your ...

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Airline Industry: Focus On Delta - Seekingalpha.com

06/18/12

Overall, these variables have had tremendous, and far-bearing, negative impacts on the industry and especially on Delta Airlines, who filed for chapter 11 bankruptcy on September 14, 2005. In the report, they cited high labor and jet-fuel costs as factors ...

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Dewey Asks to Pay Bankruptcy Lawyers Up to $935 an Hour - Bloomberg

06/18/12

The press advisory firm Sitrick & Co. charges as much as $895 hourly for its top people, according to June 15 filings. Fees charged by firms ... The case is In re Dewey & LeBoeuf LLP, 12-12321, U.S. Bankruptcy Court, Southern District of New ...

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Ayanna Kilpatrick files for bankruptcy - detroitnews.com

06/18/12

Detroit— The sister of former Mayor Kwame Kilpatrick, who owns the rights to her brother's autobiography, has filed Chapter 7 bankruptcy, listing more than $345,000 in liabilities — including more than $54,000 in delinquent federal taxes.

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Buffett doubles down on real estate - InvestmentNews

06/18/12

Berkshire said it's prepared to pay $1.45 billion for the loan portfolio, compared with Ally's $1.4 billion for a sale outside the bankruptcy plan backed by the car lender. The judge can either accept Nationstar as the stalking horse for the ...

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