News

The Bankruptcy Court has set June 25 ... will pursue the Company's outstanding litigation in the People's Republic of China, hold and ultimately sell the Company's shares of Faith Bloom Limited, the Company's wholly-owned subsidiary, execute ...

New York law firm Dewey & LeBoeuf LLP is readying a possible bankruptcy-protection filing for sometime in the next several weeks, said people familiar with the matter, a move that would initiate official liquidation of the beleaguered institution.

U.S. trustee Richard Wieland, who patrols bankruptcy cases for the Justice Department ... Wieland added that shutting down the company under Chapter 7 protection—which would require the court to appoint a liquidator—isn’t an option ...

When Omega Navigation, an Athens-based oil tanker operator, filed for Chapter 11 bankruptcy protection in the US courts in July last year, it made its reason clear. The company had been left with no choice, a press release said, but to seek protection beca ...

With more than 6,000 bankruptcy filings every day, the courts don’t have any time to waste when dealing with a bankruptcy case. It makes sense, then, that they would have a low tolerance if someone doesn’t follow the rules. Courts do not hesitate to ...