News

Top bankruptcy lawyer leaving Dewey - Yahoo Finance

05/12/12

Well known in bankruptcy circles, he became one of the chief partners ... while Kessler, the former head of litigation at Dewey, is going to Winston & Strawn.

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American Airlines agrees to consider potential mergers - CBS News

05/12/12

said he was pleased American would at least consider a merger while still in bankruptcy. "We've run (newspaper) ads and done everything we could to tell the company to consider every option, and one is the possible sale or merger," he said.

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Woodcrest Country Club future in doubt in Cherry Hill - Philadelphia Daily News

05/12/12

But the club’s future is now in doubt as a long-running dispute involving former members, a local bank, and millions in outstanding debt heads to bankruptcy court. The club filed for bankruptcy protection in U.S. District Court in Camden this ...

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Minnesota and Wisconsin: Lawyer gets 60 days to wrap up her cases - Pioneer Press

05/12/12

During a hearing in St. Paul, U.S. District Judge Donovan Frank said he would allow Rebekah Nett, 36, the extra time to wrap up her clients' cases or turn them over to other lawyers. She said she has about 13 pending bankruptcy cases.

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Suffolk Regional Off-Track Betting Files for Bankruptcy in N.Y. - Bloomberg

05/11/12

Suffolk Regional Off-Track Betting Corp. filed for court protection under Chapter 9 today in U.S. Bankruptcy Court in Central Islip, New York, saying it owed creditors more than $10 million. Chapter 9 bankruptcy allows municipalities to ...

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Minnesota and Wisconsin: Lawyer gets 60 days to wrap up her cases - Pioneer Press

05/11/12

During a hearing in St. Paul, U.S. District Judge Donovan Frank said he would allow Rebekah Nett, 36, the extra time to wrap up her clients' cases or turn them over to other lawyers. She said she has about 13 pending bankruptcy cases.

[more]

Houghton Plans Chapter 11 Filing - Wall Street Journal

05/11/12

Houghton Mifflin Harcourt Publishers Inc. plans to file for Chapter 11 bankruptcy protection after reaching a deal with creditors to eliminate more than $3 billion in debt, marking the second major restructuring for the struggling textbook ...

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American Airlines to explore merger options - msnbc.com

05/11/12

AMR, which has been in Chapter 11 since November, had long said it intended to reorganize as a stand-alone carrier, shrugging off interest expressed by rival US Airways Group Inc. The carrier, however, has faced mounting pressure from vocal members of its ...

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Court papers reveal Mastro, Hazelrigg investigations - The Business Journal

05/11/12

The two criminal investigations prevent Hazelrigg from providing financial information in his bankruptcy case, according to a document filed by Hazelrigg’s attorney, Marc Stern of Seattle. In April, Hazelrigg returned mostly blank bankruptcy ...

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Civil suit v. former E.C. mayor on hold over bankruptcy filing - NWI.com

05/11/12

HAMMOND | A civil lawsuit filed against former East Chicago Mayor Robert Pastrick is on hold because he filed for Chapter 7 bankruptcy, federal court records show. Hector Lopez sued Robert Pastrick, Kevin Pastrick and the city of East Chicago in 2005 ...

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