News

Lawyer accused of 'bait and switch' in bankruptcy cases - Milwaukee Journal Sentinel

06/03/12

Some debt-ridden clients who thought they were hiring Milwaukee lawyer Emory Booker to represent them in bankruptcy proceedings are finding out - the hard way - that they are on their own. "My heart dropped to my stomach when I found out he wasn ...

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Feds Eye MF's False Promise - Wall Street Journal

06/03/12

Three days before MF Global filed for bankruptcy-court protection, CME Group Inc. was assured by the New York company of a $200 million cushion in accounts that ensured customer funds were being kept separate from the firm's own money.

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$1,000/Hour Bankruptcies: Attorneys Justify Their Fees - Wall Street Journal

06/03/12

The Justice Department has grown increasingly restless with attorney fees—often exceeding $1,000 an hour—paid by companies going through a bankruptcy reorganization. On Monday, the attorneys will get to press their own case for the fees when they ...

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Chapter 7 Bankruptcy: A Powerful Legal Tool for the Poor - Law.com

06/03/12

In Philadelphia, there are 26 nonprofit public interest legal organizations that provide a wide variety of legal services to Philadelphians whose incomes fall below the federal poverty guidelines. These organizations specialize in delivering an ...

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Business bankruptcies - Minneapolis Star Tribune

06/03/12

This is a list of recent business-related bankruptcies filed in U.S. Bankruptcy Court in Minneapolis and St. Paul. The number after the filing date is the case number. A Chapter 7 petition is for liquidation of the business; Chapter 11 (or ...

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Crystal Cathedral Member Sues Catholic Church with $30-Billion Claim - Christian Post

06/03/12

A congregant of the Crystal Cathedral has filed a claim in bankruptcy court, seeking $5.6 million from the California megachurch founder Robert H. Schuller and $30 billion from the Roman Catholic Diocese of Orange, alleging the sale of the church campus ...

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We need more time to evaluate bankruptcy law - Record

06/03/12

This opportunity is one that should not be taken lightly because, if there is a bankruptcy filing, the administrative costs of the bankruptcy process can be expected to reduce recoveries across the board. Even if participants in an AB506 process ...

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CEO of American Eagle eyes post-bankruptcy plans - Yahoo Finance

06/03/12

American Eagle is in a tough spot. The bulk of its fleet at the time of its bankruptcy filing was almost 200 jets in the 50-seat-and-smaller range. Those are some of the most unpopular airplanes in U.S. aviation today because they're often ...

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On the Spot: Frequent flier miles and the merger effect - Los Angeles Times

06/03/12

But you may not need to worry about any of this. To clarify: American Airlines, which did not file for Chapter 11 bankruptcy protection as most of the legacy carriers did after the Sept. 11 attacks, did file for bankruptcy protection in November.

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Adams Produce creditor debt twice its assets, filings say - Everything Alabama Blog

06/03/12

According to lists of unpaid creditors filed in U.S. Bankruptcy Court last week, unpaid debts range from $4.55 owed to Tomato Land in Tallahassee, Fla., to $5.5 million owed to PNC Bank. About 400 former employees of the Birmingham-based company ...

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