News

An Early Look at the Advisers' Tab in Dewey Bankruptcy - Law.com

06/19/12

A flurry of motions filed Friday in U.S. bankruptcy court details the dozen professional firms poised to reap millions of dollars advising the bankrupt Dewey & LeBoeuf estate—and shows that the firm considered seeking bankruptcy protection ...

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Museum: Bankruptcy isn't Silver's business - Free Lance-Star

06/19/12

In recent filings with the bankruptcy court in Richmond, museum attorney Sandra Robinson argues that since Celebrate Virginia no longer owns the land on which the museum was to be built, it is not a creditor and has no standing to be involved in the ...

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Former Ravens Player, Jamal Lewis, Files for Bankruptcy - Transworld News

06/18/12

Some of them live extravagant lives and overextend their finances, but a bankruptcy attorney can draft a plan that will allow them to reduce their liabilities and start over. Individuals most often benefit from a Chapter 7 or Chapter 13 debt-relief plans.

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Museum: Bankruptcy isn’t Silver’s business - Free Lance-Star

06/18/12

“Celebrate VA does not hold a financial stake in the museum’s bankruptcy case—without regard to whether it is a Chapter 11 or a Chapter 7 case,” Robinson wrote. “When Celebrate VA conveyed the land to the museum, it relinquished all ...

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ResCap Judge Approves Examiner to Probe Pre-Bankruptcy Deals - San Francisco Gate

06/18/12

June 18 (Bloomberg) -- The judge overseeing Residential Capital LLC's bankruptcy case approved a probe of deals the mortgage company cut with parent Ally Financial Inc. and others before it sought court protection from creditors. U.S. Bankruptcy ...

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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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