News

Ex-NFL Player Sues ‘Jerry Maguire’ Agent Leigh Steinberg - Wall Street Journal

04/27/12

The type of bankruptcy Steinberg filed for, Chapter 7, allows for the discharge, or release, of certain types of debts. Creditors have several months to object before the discharge is granted. If a debt is related to fraud, which Morton says ...

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The Broke and the Beautiful: In Da (Bankruptcy) Club Edition - Wall Street Journal

04/27/12

Comme ci, comme ça? The Los Angeles Dodgers may be leading Major League Baseball’s NL West, and the ballclub’s Chapter 11 plan was confirmed earlier this month. But it’s not quite a home run for the baseball team. According to the Boston ...

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SMF Energy auction: Stalking horse bid set at $9M - The Business Journal

04/27/12

Fort Lauderdale-based SMF Energy Corp. sought approval Friday for a bankruptcy auction of its major assets with a bid deadline of 10 a.m. on May 24. A sale hearing to approve the winning bid is proposed for May 29. Houston-based Sun Coast Energy ...

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Lehman Bros. elite stood to get $700 million - Los Angeles Times

04/27/12

The documents, which were among the millions of pages submitted in Lehman's bankruptcy, show the list of top earners each were pledged $8 million to $51 million in cash, stock and other compensation. How much, if any, of the stock was cashed in ...

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Is Chrysler Group Going Public This Year? Nope! - Seekingalpha.com

04/27/12

Chrysler Group LLC had its best sales this quarter since it came out of bankruptcy in 2009 with its phenomenal North American sales! It is well on its way to make a profit of $1.5 billion in 2012. Fiat's (FIATY.PK) stake in Chrysler is 58.5 percent.

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Walnut Creek Bankruptcy Attorney Michael Primus Says Eliminate Second Mortgages Through Bankruptcy - PRWeb

04/27/12

There are several kinds of bankruptcy cases but Chapter 13 and [Chapter 7 bankruptcy are the most common. Michael Primus has 19 years of experience as a bankruptcy lawyer.

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Kodak Reports Wider Loss as It Exits Businesses in Bankruptcy - Businessweek

04/27/12

Eastman Kodak Co. (EKDKQ) (EKDKQ), the film pioneer that filed for bankruptcy in January, reported a wider first- quarter loss as it exited the digital-camera business and photography sales declined. The net loss expanded to $366 million from $ ...

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Historic Chapter 11 case could trigger wave of public-pension bankruptcies - InvestmentNews

04/27/12

Attorney Jeremy Coffey, who is representing the fund in the bankruptcy case, could not comment on the matter, as the litigation continues. The case is set for a June 1 hearing. In the meantime, the number of litigants is growing. The ...

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Why Passengers Should Have a Voice in Airline Mergers - New York Times

04/27/12

Every time a company goes through bankruptcy court or gets involved in merger talks ... who was a plane-hopping sales executive at the time and attended the Newark meeting along with other SaveSkyMiles leaders. Outside the airline industry ...

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Historic Chapter 11 case could trigger wave of public-pension bankruptcies - InvestmentNews

04/27/12

Lawyers representing participants in the Northern Mariana Islands Retirement Fund have filed a motion to dismiss the pension plan's Chapter 11 bankruptcy filing. And experts say the outcome could have widespread implications for other public ...

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