News

MF Global Bankruptcy Trustee Freeh Sees Claims of $3 Billion - San Francisco Gate

06/05/12

Claims Pursuit Giddens said he will pursue claims through litigation and negotiation ... bank's final weeks may be complicated by the "safe harbor" provision of the bankruptcy code, which protects parties who claim they had no knowledge of ...

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Bankruptcy and Your Child’s College Fees - jdsupra.com

06/05/12

When you file for bankruptcy protection, you will be required either to liquidate your assets to pay your debts (under Chapter 7 bankruptcy) or follow a payment plan to pay your debts over 3 to 5 years (under Chapter 13 bankruptcy). If you have children ...

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Mitt Romney Says He Would Have Backed Auto Bailout After Managed Bankruptcy - Huffington Post

06/05/12

"If they needed help coming out of bankruptcy and government support ... "The president is delaying the sale of the shares to try and avoid the story that the taxpayer took another loss," he said. "I would get the company independent from ...

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Berkshire seeks independent examiner in ResCap case - msnbc.com

06/05/12

(Reuters) - Warren Buffett's Berkshire Hathaway Inc has asked a court to appoint an independent examiner in the Residential Capital LLC (ResCap) bankruptcy case to investigate some transactions between the company and its parent. Berkshire, a major ResCap ...

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The Daily Docket: Justice Dept. Takes Aim at Bankruptcy Fees - Wall Street Journal

06/05/12

The Department of Justice’s point man for bankruptcy cases on Monday challenged attorneys’ resistance to his bid to ensure the “extraordinarily large” fees he says they charge are reasonable and warranted Read the Daily Bankruptcy Review ...

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Berkshire seeks independent examiner in ResCap case - Reuters

06/05/12

(Reuters) - Warren Buffett's Berkshire Hathaway Inc has asked a court to appoint an independent examiner in the Residential Capital LLC (ResCap) bankruptcy case to investigate some transactions between the company and its parent. Berkshire ...

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Berkshire seeks independent examiner in ResCap case - msnbc.com

06/05/12

(Reuters) - Warren Buffett's Berkshire Hathaway Inc has asked a court to appoint an independent examiner in the Residential Capital LLC (ResCap) bankruptcy case to investigate some transactions between the company and its parent. Major Market Indices ...

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Judge Says Pension Fund Can't Seek Bankruptcy Protection - NPR News

06/05/12

The legal case hinged on a single important question: Is a pension fund separate from the government or part of it? Under U.S bankruptcy law, commonwealths and states themselves cannot file for bankruptcy. The CNMI may be small, but this case ...

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Tribune Considers Jeff Zucker, Mark Shapiro as Possible CEO Candidates (Report) - Hollywood Reporter

06/05/12

The media firm has been in Chapter 11 bankruptcy for more than three years following its debt-driven acquisition by real estate mogul Sam Zell. Bankruptcy court hearings at the end of the week will discuss Tribune's latest amendments to its bankruptcy ...

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Treasure hunter’s bankruptcy filing a surprise to investors - Columbus Dispatch

06/05/12

Afternoon Update, sent weekday afternoons, keeps you up to date with breaking news and updates from later in the day. The E-Edition includes all of the news, comics, classifieds and advertisements of the newspaper. And it's available to ...

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