News

AIG, Allstate, others on ResCap creditor committee - msnbc.com

05/16/12

The members were identified in a Wednesday night filing with the U.S. bankruptcy court in Manhattan ... is a representative for plaintiffs in separate mortgage lending litigation. The members were appointed by the Office of the U.S. Trustee, a Justice ...

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Louisiana Politics: Vitter, Salazar, Scalise and New Orleans School Board - Bayou Buzz

05/16/12

This lack of transparency between bankruptcy trusts and courts allows personal injury ... Louisiana’s current system for handling asbestos and silica litigation lacks transparency and allows claimants to “double dip”—or recover twice for the ...

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Pinnacle Bankruptcy Bargaining Deadlines Extended, USW Advises Court of Problems with Pinnacle's DIP Financing - YAHOO!

05/16/12

Landry pointed out that since Pinnacle filed its Chapter 11 bankruptcy case, USW officers, staff, financial experts and legal counsel have been actively involved in the proceedings. As a member of the Creditors' Committee, the USW provides the ...

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Hostess workers notified cuts are possible unless bankruptcy solution found - Des Moines Register

05/16/12

The maker of Twinkies and Ding Dongs sent notices to 18,500 Hostess Brands employees across the country earlier this month that “a sale or wind down of the company is possible in the future. “Our goal is still to emerge from bankruptcy as a ...

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Regulator seeks $800 million for Ambac policyholders - Reuters

05/16/12

The case is In re: Rehabilitation of Segregated Account of Ambac Assurance Corp, Dane County, Wisconsin, No. 10CV1576. The bankruptcy case is In re: Ambac Financial Group Inc, U.S. Bankruptcy Court, Southern District of New York, No. 10-15973.

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Wireless startup LightSquared files for bankruptcy - Yahoo Finance

05/16/12

NEW YORK (AP) -- LightSquared Inc., which hoped to create an independent wireless broadband network in the U.S., filed for bankruptcy protection on Monday. Regulators blocked its plan this winter because of concerns that its transmissions would ...

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Fewer people filing for bankruptcy in Orlando raises hope of improving economy - Orlando Sentinel

05/16/12

After falling last year for the first time since the start of the Great Recession, the number of people declaring bankruptcy in the Orlando area has continued to decline so far in 2012, raising hopes that the pace of going broke has been broken.

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Fewer people filing for bankruptcy in Orlando raises hope of improving economy - Orlando Sentinel

05/16/12

The number of new personal-bankruptcy cases in the Orlando area is down 10 percent through the first four months of 2012 compared with the same period last year, according to the latest data from U.S. Bankruptcy Court. And that's on top of a 15 ...

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Bankruptcy Information from Bankruptcy Lawyers in Bay Shore, NY 11706 - PRLog (free press release)

05/16/12

Let’s take a closer look at how filing for bankruptcy works, and specifically how Chapter 7 Bankruptcy affects you, as stated by Chapter 7 Bankruptcy Lawyers. In a Chapter 7 bankruptcy the purpose is for debtors to wipe out all of their dischargeable debts.

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Octomom Bankruptcy Filing: REJECTED By Judge! - The Hollywood Gossip

05/16/12

It just keeps getting worse for Nadya Suleman. Octomom's Chapter 7 papers were apparently not filed properly and have been rejected by the judge, leaving her bankruptcy filing null and void. Yes, this is really possible ... you learn something every day.

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