News

Ally says its mortgage unit is close to bankruptcy - detroitnews.com

05/01/12

That becomes a default May 17. If ResCap files for bankruptcy, Ally's $399 million ResCap investment likely would be worthless. Ally would also face substantial litigation costs. The company estimates its losses from a ResCap bankruptcy at $400 ...

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Bahrain's Arcapita unit files for bankruptcy protection - Reuters

05/01/12

Arcapita became the first Gulf entity to file for Chapter 11 bankruptcy protection in the U. S. after it was threatened with legal action if it did not repay a hedge fund in full. Falcon's filing is to address liabilities of its 2010 sale of ...

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Octomom Nadya Suleman files for bankruptcy - Hindustan Times

05/01/12

Octomom Nadya Suleman filed for bankruptcy on Monday, saying in a court filing that she has as much as $1 million in debt. Suleman wants a fresh start and said in a statement that filing for bankruptcy is what's best for her children ...

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Salahi: Control Over Trust Assets Neuters Spendthrift Trust Provisions In Virginia Bankruptcy Case - Forbes

05/01/12

Almost a year after Husband passed and the Note was executed, Wife filed for Chapter 7 bankruptcy relief. The Court started its Opinion with: This case presents the intersection of Bankruptcy Code Section 541 (property of the estate) and ...

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Closing on Dodgers sale moved to Tuesday - Major League Baseball

05/01/12

DENVER -- The sale of the Dodgers did not close Monday as agreed upon through the bankruptcy court, but the $2.15 billion deal with Guggenheim Baseball Management is not in jeopardy and is now expected to close on Tuesday, according to the Los ...

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Dewey LeBoeuf Said to Be Close to Extending Deadline - Businessweek

05/01/12

A bankruptcy plan approved in advance by creditors could ... Bienenstock, whose restructuring team represented Los Angeles Dodgers LLC in its sale to a group including former professional basketball player Magic Johnson, didn’t respond to ...

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Closed adoption agency under investigation - MySanAntonio

05/01/12

More than 900 couples from around the globe are listed as creditors in ASA's bankruptcy case, including some in despair over money and dreams of successful adoptions they've lost with the agency's disintegration. The attorney general's office had directed ...

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Kevin Keech, Little Rock, AR Bankruptcy and Business Law Attorney Launches New Website - YAHOO!

04/30/12

The new website provides helpful information to alleviate some of the uncertainty and fear from the legal process and offers basic information on bankruptcy process, debt restructuring options, foreclosure issues and business disputes. “Filing for ...

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Report: Closing of Dodgers sale delayed - YAHOO!

04/30/12

A federal bankruptcy court judge approved the sale of the financially troubled team in mid-April. The team's reorganization plan is based on the sale to Guggenheim Baseball Management. The team did not immediately respond Monday night to an Associated ...

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Former San Jose Redevelopment Agency properties heading to sale - San Jose Mercury News

04/30/12

Like a bankruptcy court overseeing the sale of a company's assets to the highest bidder, the board that controls San Jose's former redevelopment agency is preparing to sell almost three dozen agency properties -- including a vacant hotel ...

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