News

Ally pays $750 million in ResCap bankruptcy to 'avoid the noise' - Denver Post

05/16/12

The payment to Residential Capital as part of the bankruptcy plan insulated Detroit-based Ally from the costs of drawn-out litigation and damage to its bond prices, chief executive Michael Carpenter said Tuesday during a conference call with analysts.

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Super Lawyers recognizes fifteen Mandelbaum Salsburg Attorneys - PRWeb

05/16/12

health care law (transactions as well as regulatory compliance and litigation), alternate dispute resolution, intellectual property, labor and employment counseling, bankruptcy, environmental law, criminal defense; and personal matters including estate ...

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Ally to shed a quarter of its assets after ResCap bankruptcy, emerge 'much leaner' - Detroit Free Press

05/16/12

Detroit-based Ally Financial expects to remove more than a quarter of its assets from its balance sheet through the bankruptcy filing of subsidiary Residential Capital and the sale of its international assets. Ally, which revealed the figures ...

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US Slavery Museum seeks 3-week delay in key Virginia bankruptcy hearing - Washington Post

05/16/12

A hearing is scheduled Wednesday in U.S. Bankruptcy Court in Richmond on a request to reschedule a confirmation hearing on a reorganization plan for the museum, which lists debt totaling $7 million.

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Bankruptcy filing halts foreclosure auction in York Beach - Seacoast Online

05/16/12

A filing of bankruptcy general cancels a scheduled foreclosure auction. Keenan could not comment further about the legal case, he said, but added, "there may be a resolution to do the sale." Mortgage holder TD Bank of Lewiston scheduled the ...

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Bankruptcy trustee digs deeper into where Direct Air money went - Worcester Telegram & Gazette

05/16/12

Worcester lawyer Joseph H. Baldiga, the trustee appointed to oversee Direct Air's liquidation, said in a motion filed in U.S. Bankruptcy Court here yesterday that he needs authorization to do so in order to look into potential fraud and ...

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'Octomom' bankruptcy case thrown out of court after she fails to complete and file paperwork - YAHOO!

05/16/12

Her octuplets are the world's longest living set. Suleman had sought protection from her debts under Chapter 7 bankruptcy. According to the filing, she owes money to more than 20 parties, including utilities companies, her father and a Christian school.

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Bankruptcy trustee digs deeper into where Direct Air money went - Worcester Telegram & Gazette

05/16/12

In his motion, Mr. Baldiga said he and his staff have been “investigating the many allegations of fraud raised by interested parties” during the bankruptcy case, and that he “believes that misappropriation and transfers of significant sums ...

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Nadya Suleman 'Octomom' refused bankruptcy - Monsters and Critics

05/15/12

Nadya Suleman's bankruptcy case has been dismissed. The parent of octuplets, known as 'Octomom' attempted to file for Chapter seven, the most serious form of bankruptcy on April 30 but her papers have been rejected. According to documents filed ...

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Octomom's bankruptcy case dismissed - au.news.yahoo.com

05/15/12

Nadya Suleman's bankruptcy case has been dismissed. The parent of octuplets, known as 'Octomom' attempted to file for Chapter seven, the most serious form of bankruptcy on April 30 but her papers have been rejected. According to documents filed today ...

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