News

ResCap Offers Investors $8.7 Billion Bankruptcy Claim - Bloomberg

06/12/12

ResCap, based in Minneapolis, filed for bankruptcy May 14 with plans to sell most of its assets and to resolve lawsuits related to mortgage-backed securities. The case is In re Residential Capital LLC, 12-12020, U.S. Bankruptcy Court ...

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ResCap Offers Investors $8.7 Billion Bankruptcy Claim - Bloomberg

06/12/12

costly and all-consuming litigation,” ResCap said in court papers made public today in U.S. Bankruptcy Court in Manhattan. ResCap, based in Minneapolis, filed for bankruptcy May 14 with plans to sell most of its assets and to resolve lawsuits ...

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Bankruptcy filings statewide down in 2011 - The Business Journal

06/12/12

And it seems that trend is along the same lines statewide. According to the U.S. Bankruptcy Courts, Chapter 11 and Chapter 7 bankruptcy filings in Florida were down last year compared to the year prior. Chapter 11 filings, which are business ...

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American Airlines, HP have proposed settlement on contract termination - Dallas Morning News (blog)

06/12/12

HP Enterprise Services continues to be a strong technology partner for American Airlines. But, as a filing in bankruptcy court last week noted, it won’t be working with American on the carrier’s next-generation passenger services system, called “Jetstream”

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Bankruptcy filings flat in Durham - The Business Journal

06/12/12

Bankruptcy activity was little changed last month in Durham and Orange counties, according to statistics compiled by the U.S. Bankruptcy Court for the Middle District of North Carolina. A total of 63 debtors in those counties filed initial ...

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Bankruptcy Judges Can’t Hear Madoff Suits, Defendants Say - Bloomberg

06/12/12

Rakoff ruled in May, in a case involving the Refco litigation trust, that bankruptcy judges don’t have power to make final rulings on claims for fraudulent transfers and unjust enrichment. His law clerk sent the decision, which cited a U.S ...

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Berkshire seeking to buy ResCap mortgage unit - Republic

06/12/12

Bankruptcy Judge Martin Glenn is scheduled to consider the sale procedures on June 18. The auction is set for September, and ResCap CEO Tom Marano told Reuters last week that other bidders are likely to emerge in the coming weeks. In both cases ...

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Kodak: 20 Patent Bidders to View Secret Data - Businessweek

06/12/12

The photography pioneer that introduced the Brownie camera more than a century ago filed for bankruptcy in January as digital photography cut into its film business. The case is In re Eastman Kodak Co., 12-10202, U.S. Bankruptcy Court ...

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Buffett's Berkshire Hathaway offering to buy mortgage division of Residential Capital - Los Angeles Times

06/12/12

ResCap filed for bankruptcy protection in May, hobbled by payments on debt taken out to finance soured home mortgages. Berkshire, a conglomerate based in Omaha, Neb., has significant interests in the insurance business as well as in a variety of ...

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Rangers on the brink of liquidation - FOXSports.com

06/12/12

Rangers entered bankruptcy protection in February following a long-running ... Their statement Tuesday says the decision to force liquidation does not ''prejudice the proposed sale of the club,'' but allows them to pursue individuals for the ...

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