News

Berkshire Hathaway offers to buy ResCap unit - AP - msnbc.com

06/12/12

Warren Buffett's Berkshire Hathaway Inc. is offering to buy the mortgage division and loan portfolio of Residential Capital LLC, which filed for bankruptcy protection in May. Residential Capital, also known as ResCap, is a subsidiary of Ally Financial Inc ...

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Maine lawyer appointed to ride herd on American Airlines bankruptcy fees - Dallas Morning News (blog)

06/12/12

Or, the court put it in Tuesday’s filing: “The Fee Examiner’s purpose will be to assist the court in determining whether the Applications comply with the Bankruptcy Code and applicable rules and guidelines, as well as to provide transparency in the ...

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Former FNCB board member Cestone files for bankruptcy - Scranton Times-Tribune

06/12/12

Former board member of Dunmore-based First National Community Bank Michael G. Cestone filed for bankruptcy and is seeking protection from creditors. He estimates liabilities between $100,000,001 and $500 million and assets between $50,001 and $ ...

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ResCap wins court OK on operations; bidders emerge - Reuters India

06/12/12

The case is in re: Residential Capital LLC, U.S. Bankruptcy Court, Southern District of New York, No. 12-12020.

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ResCap wins court OK on operations; bidders emerge - Reuters

06/12/12

ResCap filed for bankruptcy last month with a plan in place for Nationstar ... Kenneth Eckstein of Kramer Levin Naftalis, described the sales situation as "extremely fluid" and said the committee would need time to consider the new offers.

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Kodak Moves to Sell Patents in Bankruptcy Without Minimum Bid - IPWatchdog.com

06/12/12

August 20, 2012 – Anticipated date for final sale hearing with Bankruptcy Court According to the 10-Q filed on May 3, 23012, “all net cash proceeds from any sale in respect of the Company’s digital imaging patent portfolio must be used to ...

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Can a Past Bankruptcy Harm My Job Chances? - FOXBusiness

06/12/12

I filed personal bankruptcy nine years ago due to unemployment and no medical insurance when my wife was diagnosed with MS. An attorney suggested I file at the time of the diagnosis. I work in financial services and have been denied positions ...

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Saab's name is last issue in its bankruptcy - USA Today

06/12/12

The sale of bankrupt Saab Automobile has come down its proud name ... Saab's downward spiral began when it was jettisoned as part of General Motors' bankruptcy reorganization.

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The Hammer Will Fall on Kodak - Daily Finance

06/12/12

When Eastman Kodak (OTC: EKDKQ) filed for Chapter 11 bankruptcy protection in January, management wanted to avoid a total liquidation. Some Chapter 11 filers admit right away that they're unlikely to come back, but not Kodak. Some cost-cutting ...

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Judge OKs ResCap Motions as Buyers Start Circling the Company - NASDAQ

06/12/12

But it is the relationship with Ally that has become the focal point of ResCap's nascent bankruptcy case. That reality crystallized Tuesday when a lawyer for ResCap's official committee of unsecured creditors reiterated that the committee is ...

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