News

Federal Judge, ‘Like So Many Others,’ Files for Bankruptcy - Wall Street Journal

04/26/12

The asking price: about $1.2 million. Judge Wright listed assets of $833,426 and liabilities of $895,292 at the time of his Chapter 7 bankruptcy filing late last year. Between his home and his Mini Cooper, Wright said in the filing he owed ...

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Fiat-Chrysler Q1 beats forecasts as Europe weighs - Reuters

04/26/12

The United States is another story. In the nearly three years since its bankruptcy, Chrysler has overhauled its line-up and boosted sales. It has lured customers through a series of unconventional Super Bowl television advertisements ...

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Lehman Bankruptcy Liquidation to Provide Poor Recovery to Lehman 100 Percent Principal Protected Notes Investors, Says Vernon Healy Investor Advocacy Law Firm - msnbc.com

04/26/12

"We believe that this updated information from the bankruptcy trustee will shock those defrauded ... continues to reveal numerous concerns in relation to the sales of Lehman notes by UBS that have not been addressed by FINRA or federal regulators.

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Raleigh security contractor files for liquidation - The Business Journal

04/26/12

has converted its Chapter 11 bankruptcy reorganization into a Chapter 7 liquidation. Law Enforcement Associates Corp. filed for Chapter 11 bankruptcy reorganization last summer after being hit with a $1.1 million jury verdict for an aggrieved shareholder.

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Former Congressional candidate Hudak files for bankruptcy - The Business Journal

04/26/12

Hudak Jr. — a fiscal conservative whose campaign website includes a national debt ticker — filed Thursday under Chapter 7 of the federal bankruptcy code. The Boxford, Mass., resident unsuccessfully challenged incumbent Democrat John Tierney ...

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Former Congressional candidate Hudak files for bankruptcy - The Business Journal

04/26/12

Hudak Jr. — a fiscal conservative whose campaign website includes a national debt ticker — filed Thursday under Chapter 7 of the federal bankruptcy code. The Boxford, Mass., resident unsuccessfully challenged incumbent Democrat John Tierney ...

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UPDATE 1-Ally Financial profits up on mortgage servicing - Reuters

04/26/12

Ally is preparing for a possible bankruptcy filing for its ResCap subsidiary, which holds the company's old mortgage assets, according to people familiar with the matter. There is pressure to get the filing completed before mid-May, when Rescap ...

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Matthew Ertman Announced as Winner of the M&A Advisor's 40 UNDER 40 West Region Recognition Awards - Marketwatch

04/26/12

The firm's core specialties include bankruptcy and creditors' rights ... and dispute resolution and litigation in all these matters. For more than 30 years, Allen Matkins has helped clients turn opportunity and challenge into success by ...

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The Daily Docket: AMR Adviser Says Stakeholders May Want Merger - Wall Street Journal

04/26/12

US Airways Group thinks a merger with AMR would save at least $1.2 billion a year with even fewer labor cuts than AMR is looking at for its Chapter 11 plan, The Wall Street Journal reports. Also according to WSJ, the Senate approved a bill that ...

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What does a US Airways-American Airlines merger do for passengers? - msnbc.com

04/26/12

There’s certainly been no shortage of merger talk, especially after American’s parent company, AMR Corp., posted a $1.7-billion loss during the ... will have more to do with American’s post-bankruptcy viability and regulatory approval ...

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