News

Owner of nail from Uniroyal Tire files for bankruptcy - detroitnews.com

06/04/12

Detroit— A Clinton Township Realtor who owns the giant nail from the iconic Uniroyal tire near Detroit Metropolitan Airport and his company have filed for Chapter 11 bankruptcy — and he listed the nail as a $3,000 asset. Ralph Roberts ...

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Fortress Seeks Japan Properties as Sales Loom: Mortgages - Bloomberg

06/04/12

“Sales of CMBS-related assets will be a positive for the ... The annual volume dropped about 70 percent in 2008 after Lehman Brothers Holdings Inc. filed for bankruptcy that year and investors shunned securities that bundle property debt.

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DOJ: Why do bankruptcy lawyers charge $1,000 an hour? - msnbc.com

06/04/12

Big bankruptcies mean big bills. According to court filings cited by the Wall Street Journal, lawyers who worked on Chapter 11 restructurings for companies like Eastman Kodak Company and the parent company of American Airlines sometimes earned ...

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Supreme Court Protects Credit Bid in Hotel Bankruptcy - jdsupra.com

06/04/12

How Does RadLAX Impact Conventional Chapter 11 Plan Structures? On May 29, 2012, the United States Supreme Court held in RadLAX Gateway Hotel LLC v. Amalgamated Bank ("RadLAX"), that a debtor-owner of a hotel encumbered by a mortgage lien securing over $ ...

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Apple Says Patent Fight With Kodak Isn't for Bankruptcy Court - NASDAQ

06/04/12

Kodak, based in Rochester, N.Y., filed for Chapter 11 in January after failing to sell its patents outside of a bankruptcy. The company's once-central photography driven business became marginalized by increased digital competition, and it also ...

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Magnotta's bankruptcy filing reveals a life lacking in glamour - The Vancouver Sun

06/04/12

Magnotta, arrested Monday in Berlin on allegations he killed and dismembered a Chinese exchange student in Montreal, presents a banal financial accounting of his life though bankruptcy filings that contrast sharply with his carefully cultivated ...

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Omega Navigation Chapter 11 case extended again - Lloyd's List

06/04/12

OMEGA Navigation ’s Chapter 11 case appears set to extend its run beyond one calendar year, after the exclusivity period during which only the George Kassiotis-led product tanker company may file a reorganisation plan was extended through to July 20.

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Konarka seeks Chapter 7 protection - Boston Globe

06/04/12

Konarka Technologies Inc., a Lowell company developing solar panels, said it has filed for Chapter 7 bankruptcy protection. Under Chapter 7, a company’s operations cease, and a trustee is charged with liquidating the company’s assets for the ...

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Luka Magnotta's bankruptcy filing reveals a life lacking in glamour - The Vancouver Sun

06/04/12

OTTAWA — Despite his varied claims to be a model and adult-film actor, accused killer Luka Magnotta was an unemployed server with no reported income when he declared bankruptcy in 2007. Magnotta, arrested Monday in Berlin on allegations he ...

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Dewey Bankruptcy Docket Report: Next Up, Stephen DiCarmine - Wall Street Journal

06/04/12

On Friday, DiCarmine filed a notice of appearance in Dewey’s Chapter 11 bankruptcy case. According to his lawyers at Hughes Hubbard & Reed LLP, he has a claim on the estate under the aforementioned employment contract. Keep reading at Law Blog.

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