News

Research and Markets: Reorganizations Under Chapter 11 of the Bankruptcy Code - Business Wire

05/18/12

and the way in which small business and single-asset real estate cases are conducted. This authoritative volume also brings you legal analysis and practical guidance on such subjects as: bankruptcy court jurisdiction; voluntary and involuntary petitions ...

[more]

RPT-MF Global clients bash fat fees, seek quick wind-down - Reuters

05/18/12

estimates the fees charged by the team and other professionals have reached nearly $25 million since the bankruptcy was filed in October. Now a customer group is planning to ask that the case be streamlined so that those professionals ...

[more]

Reno casino in bankruptcy - MENAFN

05/18/12

May 18, 2012 (Las Vegas Sun - McClatchy-Tribune Information Services via COMTEX) -- The Silver Legacy Resort Casino in Reno, half owned by MGM Resorts International, voluntarily filed for Chapter 11 bankruptcy reorganization on Thursday in U.S. Bankruptcy ...

[more]

Circus & Eldorado Joint Venture Seeks Bankruptcy in Nevada - Businessweek

05/18/12

For the period, interest expense was $11.3 million and operating income was $7.5 million. Circus & Eldorado joins other casinos that have filed for bankruptcy in recent years including Hooters Casino Hotel and Tropicana Entertainment LLC.

[more]

American InfoSource LP, with Oklahoma City operations, acquires Ascension Capital Group Inc., a bankruptcy servicing business - Daily Oklahoman

05/18/12

The financial terms of the deal were not disclosed. Ascension Capital Group, a subsidiary of Encore Capital Group Inc. provides secured bankruptcy servicing and litigation management for the financial services industry. American InfoSource said the ...

[more]

CORRECTED-MF Global clients bash fat fees, seek quick wind-down - Reuters

05/18/12

estimates the fees charged by the team and other professionals have reached nearly $25 million since the bankruptcy was filed in October. Now a customer group is planning to ask that the case be streamlined so that those professionals ...

[more]

Buffett tried to buy ResCap before bankruptcy: report - Yahoo Finance

05/17/12

Under the deal, Berkshire Hathaway would have taken on potential liabilities such as increasing litigation costs and other claims, while paying nothing upfront for ResCap's assets. Buffett sought to avoid a ResCap bankruptcy filing because ...

[more]

Buffett tried to buy ResCap before bankruptcy: report - Yahoo Finance

05/17/12

Buffett sought to avoid a ResCap bankruptcy filing because Berkshire had unsecured debt in the mortgage unit, the financial website said citing the persons. Bloomberg's sources said Ally turned down Weschler's deal, and decided to file for ...

[more]

Circus & Eldorado Joint Venture Seeks Bankruptcy in Nevada - Bloomberg

05/17/12

Circus & Eldorado Joint Venture, the operator of the Silver Legacy Resort Casino, filed for bankruptcy amid declining gaming revenues in Reno, Nevada. The 19th century and silver mining-themed hotel and casino, a joint venture between MGM Mirage ...

[more]

Silver Legacy to file for Chapter 11 Bankruptcy - msnbc.com

05/17/12

RENO, NV (KRNV & MyNews4.com) – Silver Legacy will declare chapter-11 bankruptcy. Silver Legacy officials announced the decision in an open letter to the community Thursday evening. The letter says the company is voluntarily filing for chapter-11 to ...

[more]