News

Trucking company of ex-mayor of Springfield files for bankruptcy - KYTV

05/31/12

O'Neal abruptly resigned with a year left on his term as mayor on May 7 because he said he needed to devote more attention to his company. The bankruptcy filing says the company's board of directors met on May 19 and authorized the bankruptcy filing.

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RG Steel files Chapter 11 bankruptcy; Steelworkers respond - WTOV 9

05/31/12

RG Steel LLC and its wholly owned subsidiaries announced Thursday it's filed petitions under Chapter 11 of the United States Bankruptcy Code, leaving workers concerned about the future of local mills and their jobs. The petitions were filed with ...

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ResCap Unsecured Creditors May Fight Quick Sale, Lawyer Says - Bloomberg

05/31/12

The official committee of unsecured creditors will decide in the coming weeks whether it will oppose ResCap’s request for a fast sale of $4 billion of assets, attorney Kenneth H. Eckstein said in bankruptcy court in Manhattan today.

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The Top Five, Depressingly Common Reasons People Go Bankrupt - The Business Insider

05/31/12

On average, 5,102 Americans filed for bankruptcy each day that court was in session over the first four months of this year — and that’s the good news. Bankruptcy filings are down 13 percent so far in 2012, according to the American Bankruptcy Institute.

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RG Steel files Chapter 11 - Orlando Sentinel

05/31/12

(Reuters) - RG Steel LLC filed for Chapter 11 bankruptcy protection on Thursday, saying it could not overcome the deterioration of the steel market and would sell off the three plants it bought from Russian steelmaker Severstal for $1.2 billion.

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RG Steel files Chapter 11; cites steel market deterioration - msnbc.com

05/31/12

(Reuters) - RG Steel LLC filed for Chapter 11 bankruptcy protection on Thursday, saying it could not overcome the deterioration of the steel market and would sell off the three plants it bought from Russian steelmaker Severstal for $1.2 billion.

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ResCap Unsecured Creditors May Fight Quick Sale, Lawyer Says - Businessweek

05/31/12

The official committee of unsecured creditors will decide in the coming weeks whether it will oppose ResCap’s request for a fast sale of $4 billion of assets, attorney Kenneth H. Eckstein said in bankruptcy court in Manhattan today.

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UPDATE 4-RG Steel files Ch 11; cites steel market deterioration - Reuters UK

05/31/12

May 31 (Reuters) - RG Steel LLC filed for Chapter 11 bankruptcy protection on Thursday, saying it could not overcome the deterioration of the steel market and would sell off the three plants it bought from Russian steelmaker Severstal for $1.2 billion.

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Harrisburg City Council members launch petition against bankruptcy prohibition - PennLive.com

05/31/12

Last year, legislators changed the commonwealth's fiscal code, preventing the city from filing for bankruptcy until July 1, and state officials said they might consider enacting legislation that would prolong the moratorium. Language included in ...

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Eight attorneys at McDonald Hopkins law firm named Michigan Super Lawyers and Rising Stars - StreetInsider.com

05/31/12

Jeffrey S. Grasl, Member, Business Restructuring and Bankruptcy DepartmentGrasl represents debtors in both out-of-court and chapter 11 reorganizations, as well as creditors' rights issues. Timothy J. Lowe, Associate, Litigation DepartmentLowe has wide ...

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