News

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 ...

To us, this seemed like a solution in search of a problem. Since 1949, only two cities and one county in California have filed for bankruptcy. That, however, was the bargain. Assemblyman Bob Wieckowski, D-Fremont, who carried the legislation ...

The U.S. Supreme Court affirmed Tuesday the right of lenders to use their debt as currency in bankruptcy auctions in a unanimous decision sure to reverberate through the corporate-restructuring community. The eight justices ruling on the case of a Los ...

The MBS litigation against ResCap has been automatically stayed, as is customary when a company files for bankruptcy. However, such claims are not stayed for affiliates that are not part of the bankruptcy and ResCap executives who are named in the suits.

The U.S. Supreme Court affirmed Tuesday the right of lenders to use their debt as currency in bankruptcy auctions in a unanimous decision sure to reverberate through the corporate-restructuring community. The eight justices ruling on the case of a Los ...