News

Boston Hannah International Files Bankruptcy Liquidation - Bloomberg

05/29/12

Boston Hannah International LLC, a publishing company, filed for bankruptcy court liquidation. The company listed assets of less than $50,000 against debt of more than $500 million in a Chapter 7 petition filed today in U.S. Bankruptcy Court in ...

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Happy sad anniversary for American Airlines and its employees - Dallas Morning News (blog)

05/29/12

Tuesday marks the six-month anniversary of the Chapter 11 filing by AMR, American Airlines and AMR's various subsidiaries, and that's probably worth noting. Here's what has happened since: • The company has rejected a number of airplane leases ...

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InCharge Showcases Bankruptcy Courses at ABI Memphis Conference - YAHOO!

05/29/12

This event will feature discussions of best practices in representing debtors, recent case law updates in Chapters 7 and 13, debtor remedies for creditor wrongs, Rule 3001 claims, reaffirmation agreements, the intersection of divorce and bankruptcy ...

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US Supreme Court upholds ‘credit bidding’ - Financial Times

05/29/12

The US Supreme Court on Tuesday upheld a practice in corporate bankruptcy cases known as “credit bidding” in a victory for lenders to distressed companies. As part of bankruptcy reorganisation plans, companies often want to sell assets. At issue in the ...

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ResCap Wants Ex-Officers, Affiliates Spared From MBS Suits - site.law360.com

05/29/12

In a complaint filed in New York bankruptcy court, ResCap seeks to extend the automatic stay over 27 mortgage-backed securities lawsuits against it that also target nondebtor groups including its parent Ally Financial Inc., claiming that such litigation ...

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Dow average has a rare up day on China hopes - Businessweek

05/29/12

The yield on the benchmark 10-year government bonds, a key gauge of investor confidence in the country's ability to avoid bankruptcy ... to pay hefty dividends this year thanks to asset sales that generated higher returns than analysts expected.

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Borders Trustee Fights Gift-Card Claims - Wall Street Journal

05/29/12

Smith, who is responsible for distributing cash to Borders creditors, says the company did its part to notify all of its creditors, including gift-card holders, of the June 1, 2011, deadline to file a claim in the Chapter 11 case it launched in ...

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File Bankruptcy to Get Rid of Car Loan? - FOXBusiness

05/29/12

The vast majority of people file bankruptcy because of three major life events: divorce, unemployment or illness. In your case, you are now a single mother, and you decided that having a luxury car was not a prudent decision with your current ...

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Dewey & LeBoeuf law firm files for Chapter 11 bankruptcy - Los Angeles Times

05/29/12

Storied law firm Dewey & LeBoeuf – which once advised the Los Angeles Dodgers on their restructuring – is itself filing for Chapter 11 protection as it prepares to liquidate. It’s a far fall for the New York firm, which in its heyday ...

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Mattapan CDC files for bankruptcy protection - Boston Herald

05/29/12

The embattled Mattapan Community Development Corp. has filed for bankruptcy — staving off a planned foreclosure auction that had been set for today on four affordable-housing apartment buildings the nonprofit owns. “We expect to live up to the mission ...

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