News

Dewey's bankruptcy: Let the rumble begin - MSN Money

05/30/12

Until fairly recently, liquidations like Dewey's usually were pursued under Chapter 7 of the bankruptcy code. Chapter 7 puts a debtor's estate under the control of a trustee tasked with selling assets quickly and using the proceeds to pay off creditors.

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Dewey's bankruptcy: Let the rumble begin - Reuters UK

05/30/12

Some contentiousness was on display at a bankruptcy hearing in Manhattan on Tuesday. Lenders were especially aggressive, asking the judge to approve a lien on certain litigation proceeds in exchange for letting Dewey fund its bankruptcy with ...

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Dewey's bankruptcy: Let the rumble begin - 4-traders (press release)

05/30/12

Just last week a U.S. district court judge in Manhattan ruled that revenues generated by former Coudert Brothers lawyers on cases they took with them after that firm dissolved in 2006 belong to Coudert's bankruptcy estate. That ruling could pave the way ...

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Memphis Councilwoman Fullilove files bankruptcy - Memphis Commercial Appeal

05/30/12

Memphis City Council member Janis Fullilove filed a Chapter 7 bankruptcy petition this week, listing assets of $98,750 and liabilities of $104,338. The councilwoman said mounting bills from her husband's heart condition combined with plus legal ...

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Bankruptcy Judge: Dewey Can Use Lenders’ Cash Collateral - Wall Street Journal

05/30/12

who have a claim on the money as a result of amendments to loan agreements in the weeks leading up to Dewey’s bankruptcy filing, will have to wait until a June 13 hearing to see what they can get in exchange for fronting the firm the so-called ...

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B+H Ocean Carriers Ltd. Announces Filing and Intention to Restructure - Marketwatch

05/30/12

NEW YORK, May 30, 2012 (BUSINESS WIRE) -- B+H Ocean Carriers Ltd. (the "Company") reported that today it had filed, along with several of its subsidiaries and related entities, for reorganization under Chapter 11 of the U.S. Bankruptcy Code in ...

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Analysis: Dewey's bankruptcy: Let the rumble begin - msnbc.com

05/30/12

Dewey, a storied firm with deep Wall Street connections, filed for Chapter 11 protection on Monday night. The firm had veered toward collapse over the last six months amid revelations of fat salary guarantees, risky loans and a culture of secrecy.

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Why Dewey Owe More Than $400K to a Former Associate? - abovethelaw.com

05/30/12

Meet Emily Saffitz, a litigation associate at Thompson & Knight who joined ... If you’re interested, flip ahead to the next page to see (1) a copy of Dewey’s bankruptcy petition (your observations on it are welcome), and (2) links to additional news ...

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Harrisburg mayor: will fight for bankruptcy right - YAHOO!

05/30/12

(Reuters) - The mayor of Pennsylvania's debt-laden capital city said on Wednesday she will fight for the city's ability to declare bankruptcy after June 30. A state law that bars small Pennsylvania cities from filing for municipal bankruptcy is to expire ...

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Chrysler reopening area dealerships closed in bankruptcy - Dallas Morning News

05/30/12

With sales soaring, Chrysler will reopen at least three of the four local dealerships that closed during its bankruptcy in 2009. Over the last couple of years, as Chrysler has regained its health, officials have been assessing the company’s ...

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